PrePaid legal services Inc is a network marketing company that offers certain legal services for a fixed monthly fee to its subscribers. In this article, let’s see the business aspect of this MLM Company and check out the potential to earn as a PrePaid legal associate.
Why does anyone need legal insurance? The same reason why you’d need health or life insurance! Everyone’s accountable to the law and we can never predict when we may need the services of a lawyer. Legal insurance is a means to minimize your legal expenses. Membership to this service entitles you to the services of a lawyer for matters such as wills and other legal documentation, settlement of legal issues and minor trial work. Issues such as divorce, drugs related cases and major criminal problems are not covered, but members can use the services of a lawyer for such issues at a discounted rate.
A Look At PrePaid Legal Services
The idea for this venture was born in 1972 when its owner, Harland C Stonecipher got into a legal scuffle and had to cough up huge sums of money. He felt the need for an insurance that would mitigate unexpected legal expenses as well as keep them in touch experts in law to get their queries answered. The business was started as a network marketing company to spread the word through independent associates who could explain details to customers in person. Now, Prepaid legal is established in 50 states and in Canada. In addition to legal insurance, the company also offers a monitoring system to prevent identity theft.
Problems? Is PrePaid Legal Services A Scam?
After a series of lawsuits against the company, many people started proclaiming this business to be a scam. Is PrePaid Legal a scam? My answer is NO. This company has been around for more than thirty years and is listed in the New York Stock Exchanges. This firm is definitely legitimate. It’s easy for MLM companies to gain a bad reputation because there are so many bogus enterprises that take advantage of network marketing techniques.
Complaints against PrePaid Legal Services are mostly from ex-distributors who joined hoping to earn six-figure incomes magically. To them, the grapes were sour; they were not able to generate income beyond a level and they put the blame on the pyramid structure.
Why Should You Join PrePaid Legal?
– Legal insurance is relatively new as compared to other kinds of insurance. This should make it easier for you to sell the product. – The compensation structure and bonus schemes are attractive. There’s good prospect to grow in this business. Commissions are given as soon as the order is handed in. – This is a service that will be helpful for everyone. There should be many takers for this service if marketed the right way.
This is not the kind of business that could be sold to customers by strictly following procedures of a typical MLM firm. In fact, using techniques such as inviting people to demo parties, tempting them with gifts and offers and persuading them to buy your service would make your business seem more like a scam because most fraudulent dealers use the same modus operandi. Distributors are not likely to generate much income by just following MLM procedures such as cold calling or prospecting just don’t work anymore.
This is a business that could generate really good levels of income if marketed properly. Instead of concentrating on people you know, reach out to the world outside by communicating to them about your product. Online marketing would be the best way to do this. With innovative tools such as Facebook and article marketing, you’re sure to divert a lot of attention to your business.