PrePaid legal services Inc is an MLM undertaking that provides specific legal services for a fixed monthly fee to its subscribers. This article aims to explore the income opportunity offered by the MLM and see how profitable it is.
The Service
Why does anyone need legal insurance? The same reason why you’d need health or life insurance! There may be situations when we find ourselves in urgent need of a lawyer. Joining a prepaid legal service will help you cut down on costs you may have to spend on attorney fees. 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.
The Pre Paid Legal Background Story
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.
Is PrePaid Legal Services A Legitimate Businss?
After a series of lawsuits against the company, many people started proclaiming this business to be a scam. 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.
Old affiliates who couldn’t make money turned bitter and started complaining about the company and the MLM hierarchy. However, there are people who’ve made lots of money in this business. You earnings depend on how you market the service.
Why Should You Join PrePaid Legal Business?
- It’s easy to market legal insurance since it’s a new product to most people.
- 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.
- The market for this service is receptive because of its usefulness.
Distributor Problems
This is not the kind of business that could be sold to customers by strictly following procedures of a typical MLM firm. To be frank, that could even land you in trouble. Most scam companies follow the same techniques of hosting parties, making irrefutable offers and calling people consistently till they relent.
Promoting Your PrePaid Legal Business
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. The internet offers a host of avenues such as social networks and articles where you could promote your business effectively.
