PrePaid legal services Inc is an MLM undertaking that provides specific 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.
The Service
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. 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.
The Pre Paid Legal Background Story
The founder of Prepaid Legal, Harland C Stonecipher felt the need for such a service when he had to pay a huge compensation for a motor accident. 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. Another offering from this company is a monitoring system to protect members from identity theft, a crime that’s on the increase.
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. However, this company’s definitely not fraudulent. With over 30 years of experience and the backing of shareholders, PrePaid Legal is a strong and legitimate establishment.
Complaints against PrePaid Legal 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 Business?
- It’s easy to market legal insurance since it’s a new product to most people.
- This is an MLM that pays well. Payment’s made as soon as forms are submitted.
- This is a service that will be helpful for everyone. There should be many takers for this service if marketed the right way.
Challenges In selling
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
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.
