Pre Paid Legal Inc – A Legit Home Business Or Another Pyramid?

Written by Me MLM-er on November 24th, 2009

PrePaid legal services Inc is a network marketing company that offers certain legal services to customers for a subscription fee. In this article, let’s see the business aspect of this MLM Company and check out the potential to earn as PrePaid legal associate.

Product

Legal insurance is as important as medical 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. As a member, you get free legal help for drawing wills, research work, real estate assistance, traffic issues and small trial work. This service doesn’t include major legal matters such as divorce, child custody and criminal cases; however, you could get up to 25% discount on such cases.

A Look At PrePaid Legal Inc

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 launched this company as an MLM venture to offer members legal help for a fixed monthly rate as well access to lawyers whenever they required. Now, Prepaid legal is established in 50 states and in Canada. Another offering from this company is a monitoring system to protect members from identity theft, a crime that’s on the increase.

Problems? Is PrePaid Legal Inc A Scam?

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 Pre Paid 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.
- The market for this service is receptive because of its usefulness.

Distributor Problems

There are no prospects to earn in this business by just following established techniques of traditional network marketing firms mechanically. 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.

Promoting Your PrePaid Legal Business

Find a way to promote this service well and you’ll be astounded at the rate of business that comes in. Your target market needn’t be just people you know; get a bigger market through the world wide world on the internet. With innovative tools such as facebook and article marketing, you’re sure to divert a lot of attention to your business.

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