Know More About Prepaid Legal Services and Its Marketability

The idea of the home business has only been strengthened with the growth of the internet and the online marketing environment. The only issue in regards to starting an online home business is in finding a demand that needs to be met online and then efficiently marketing that demand to increase your sales.

For those individuals who are not looking to design their own business and are instead interested in making money off of a system that already exists and has proven to be successful, then prepaid legal services is for you. The industry of law is in its highest demand in history as courts are overwhelmed by the multiple legal issues individuals are turning to the court to resolve.

Every person will one day require some form of legal support and realizing this will allow an individual the understanding of the solutions offered by it. The monthly affordable payments associated with a prepaid legal plan are highly preferred in comparison to the thousands of dollars an individual would pay for an attorneys services only once.

The opportunity to make money in the prepaid legal services environment arises with the ability to make commission based on the individuals you sign up to receive this fantastic service. It offer a large variety of legal services including preventative legal service, motor vehicle service, trial defense service, tax audit service, legal shield, as well as twenty-five percent off any service that is not included in the original services. The marketability of the it is high because it is a system that is ideal of any individuals current or future legal situations.

Selling a service to individuals may not be for everyone, although every individual does wish to attain the rewards available in the prepaid legal industry and now this is possible. The prepaid legal services plan has combined with the Blast Off system of online shopping. The Blast Off system is designed to provide shopping opportunities to individuals who desire to save money when shopping on the internet. This is a free service offered by Blast Off making it marketability very simple since it requires no investment from members that you sign up.

As the marketer you will make a commission from the purchases the individuals you signed up make through the Blast Off system. To even future boost your advantages, if one of your members decide to utilize the it offered on the Blast Off website you still receive the commission as if you sold it yourself. So now as a online marketer for prepaid legal services you are making commissions on the sales made through Blast Off in addition to the commission made with prepaid legal with little to no effort on your part.

What You Should Know About Commission Agreements

Many new businesses and start-ups find themselves discussing the legalities of a commission agreement but what exactly is it? What should you know before signing and how can you make a commission agreement work in your favour?

A Commission Agreement is a legal agreement between two parties where an Introducer brings clients to a business. The relationship benefits both parties because the Introducer is paid a Commission for introducing clients and the business (supplier) has the opportunity to increase sales. The agreement sets out how both parties will benefit from this arrangement.

A Commission Agreement is in some ways an agency agreement, where the Introducer is independent but acts on behalf of the Supplier. The Introducer cannot sign contracts on the Supplier’s behalf and does not sell their products or services. The relationship is purely about making the introduction and once this has happened the Supplier takes over the client relationship and makes the sale.

It basically sets out the nature of the relationship between the Introducer and Supplier and clearly states the rights and obligations of both parties. Under this Commission Agreement the Introducer is only paid once the new client enters into a contract with the Supplier. It is favoured as it allows flexibility in how Commission will be calculated, which is generally based on the income that the Supplier receives from the new client during a specified period of time, known as the Introduction Period.

It will cover introductions made when the agreement was in force even if the contract is later terminated. This means that Commission cannot be reneged on, which protects the Introducer. The Agreement also ensures that payments are only made to the Introducer on income that is actually received by the Supplier, which protects the Supplier in the event that they do not receive any or all of money due.

When written in plain English, it provides for a complete statement of the limits of the Introducer’s authority and sets a boundary between the two parties so that the Supplier avoids any unexpected obligations under the arrangements. It also makes clear what the Introducer’s authority will be when marketing to potential clients, e.g. within a certain sector or geographical area. This avoids situations where the Introducer oversteps their authority and also prevents competition with the Supplier’s own sales or marketing initiatives.

Many legal firms will supply a template for Commission Agreements, when choosing this avenue for your own ensure that it complies with the latest legislation. This includes the Bribery Act of 2010.

Prepaid Legal Business Opportunity – A Third Party Assessment

If you’re looking at the Prepaid Legal business opportunity, or indeed any MLM, it is important to get some knowledge on where the company came from, what it is doing today, and whether or not it might be a good fit for you.

Company
The Prepaid Legal business opportunity was started by Harland C. Stonecipher after an accident in 1969 left him with large legal bills. The idea was to create the piece of mind for the members that if anything should happen they already have legal advice to hand. Prepaid Legal began using the MLM marketing model in 1983, and has been one of the leaders of the MLM industry ever since. They market solely through network marketing, and today have over 1.5 million members in the U.S. and Canada.

Products
Prepaid Legal offers legal service plans utilizing a large network of law firms across North America. The plans typically offer free legal consultation, document preparation, will preparation, and defence for various auto related charges. They have also more recently added identity protection as a possible added bonus in their membership packages. While these products can be incredibly valuable, and have no doubt helped many people, not everyone who buys a membership would if there were not an opportunity attached. It is important to consider if this industry and these products are something you can get really excited about before joining the company. It can be somewhat similar to selling insurance packages in that you are simply selling piece of mind.

Prepaid Legal Business Opportunity
Prepaid Legal uses a direct sales compensation model. So when you make a sale, you get a commission. They pay daily, which is something they are particularly proud of, and you get advanced commissions. When you sell a membership for $26 a month you get a commission between $25 and $182.50 depending on what level of qualification you have, this represents the commission you would receive on the membership for the entire year. The downside of instant commissions paid in advance is if your memberships get cancelled within the first year, the company will initiate a chargeback and you will have to give back any advanced commissions that you didn’t earn. Remember with this type of MLM opportunity the more people you recruit, the more money you make as you also make percentages based on the sales that are happening within your organization.

The downside of this opportunity is that it is a little bit outdated. They recommend talking to friends and family, and primarily promote selling the plans and the business on a face to face basis. While this did work well when the company first started, this method of advertising will make you fail, and fast. You need to be able to leverage your time and efforts using the internet and the tools that are available to marketers today. If you don’t have a strong marketing plan, and you aren’t using the power of the internet you are unlikely to recruit people into your business, as they will join a company that is more up-to-date and can help them learn to build an online business empire. With all the options out there today, you need to be able to offer a clear, easy, and efficient way to market for your recruits.