22
Aug
2010
Is Telecom Plus A Rip-Off Or True?
Is the Utility Warehouse Discount Club a scam or true? A quick search on the web will reveal various reviews giving positive and some negative comments about the club.
Most of course, are based upon personal experiences about the club and spoilers trying to get people to their respective deals post some negative comments. Distributors like myself with a financial interest in people joining the club write some as well, which as you would expect are positive. I have a double financial interest in that I own shares in the company and I want to see the share price race ahead. The point is everyone approaches it from his or her own angle and it is hard to get a totally objective view.
A good place to start would be with the financial press such as the Financial Times and places like Google news. Another indicator would be the company’s customers. Do they feel ripped off and used? It doesn’t seem so, as in a recent survey, 94% of the Utility Warehouse customers said that they would recommend the company to a friend. And indeed many of them do. Which? Magazine in their last four reports on gas and electricity companies named them as the Best Energy Supplier. They also came top in their latest home phone survey and they have also had ‘Best Buy’ awards for their Internet services for the past two years. Great praise indeed. You can check all this out in your local library.
It would be hard to be a scam because a very well respected British company Telecom Plus plc controls it. Founded in 1997, the company has enjoyed phenomenal growth, and has been listed on the London Stock Exchange since 2000. A business club was launched in 2005 so that small and medium-sized businesses could benefit from the great value and service offered by the Utility Warehouse.
Being a british listed company it has very strict accountability rules unlike lots of other networking companies. Telecom plus is listed on the London Stock Exchange (ticker: TEP LN).
Telecom Plus is led by Charles Wigoder, who is the executive chairman. Charles, aged 48, qualified as a Chartered Accountant with KPMG in 1984 and was subsequently employed by Kleinwort Securities as an investment analyst in the media and communication sectors. Between 1985 and 1988, he was head of corporate finance and development at Carlton Communications Plc and then Quadrant Group plc. In March 1988, he left Quadrant Group to set up The Peoples Phone Company plc, which was subsequently purchased by Vodafone in December 1996. He joined the Company in February 1998.
Telecom Plus was named PLC of the Year at the annual PLC awards in 2009, and has received many other awards and endorsements from consumer organizations and in the press.
It is the UK’s only fully integrated provider of a wide range of competitively priced utility services, spanning both the communications and energy markets. And its customers benefit from the convenience of a single monthly bill, consistently good value across all their utilities, and exceptional levels of customer service.
The company does not advertise, relying instead on ‘word of mouth’ recommendation by existing satisfied customers in order to grow their market share. Their business model is designed for the home business ideas way of doing business.
I know the company isn’t a scam because I am a shareholder, a customer and a distributor. If you have asked the question above then it’s down to you to seek the truth for yourself. I hope this short article gives you some pointers.
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