Prepaid Legal Review: Can You Trust This Legal Services Company?

Do you know that you can have unlimited access to over 50 independent local law firms for just about any legal matter?

With Prepaid Legal Services, your family or small business can reach a local law firm to consult about the legal side of your business. You can talk to lawyers about reviewing legal documents, auto and home mortgages, insurance policy claims and many more. If you are subscribed to Prepaid Legal Services, you can get legal assistance by phone for an affordable monthly subscription.

Pre-paid Legal Services Then and Now

Pre-paid Legal Services was founded on August 8, 1972 by Harland C. Stonecipher with headquarters in Ada, Oklahoma. After over three decades, the company now has over 1.5 million active subscribers in the United States and in Canada; providing them with specialized legal services. The company is publicly traded in the New York Stock Exchange so in my mind, there is no doubt they are serious and there is no Prepaid Legal scam.

The company uses multilevel marketing to promote their products and services which can be purchased individually or can also be used by owners of small businesses through payroll deduction.

Prepaid Legal Scam Or Just Sour Distributors?

As with any other businesses, Prepaid Legal Services also had its share of bad publicity. If you look up the company online, you will come across many statements and reviews claiming that there is a Prepaid Legal scam and that many people were allegedly cheated of their hard-earned money. The fact is that the multilevel marketing company gives advance commissions to their distributors in the assumption that the customers will keep their membership for at least a year. However, some customers decide to stop the service after only a few months. Naturally, the commissions will have to be returned to the company. I believe this is where the confusion come from.

The distributors who had to return some commissions to the company are the one claiming that they have been scammed by Prepaid Legal when they are just the one responsible for not building the business properly…

Is Pre-paid Legal Services Currently a Good MLM Business?

Doing research for this Prepaid Legal review, I found some staggering numbers (don’t quote me on those though). As of 2009, the company’s overall profit decreased by 85% and the number of existing distributors decreased by 17.8%. If you look at trends in the multilevel marketing industry, their numbers usually go up in times of financial crisis as more people look for other income streams. Taking this into consideration, you may find Pre-paid Legal declining figures discouraging. With that said, it is important to note that the service they are providing is different from other multilevel marketing companies.

If you think about it, it’s just like any other industry with periods of highs and lows but it doesn’t mean there is a Prepaid Legal scam. And there is no doubt that Pre-paid Legal Services is a legitimate multilevel marketing company that provides invaluable service to those who need it. This is especially true since hiring an attorney for a tax audit or remedying an insurance claim is very expensive.

You need to understand that your success depends on how hard you work on establishing your network and growing your business. Unless you invest time and effort, you won’t be seeing any returns in your investment. You need to widen your reach and leverage all the opportunities available to you.

Going Beyond a Prepaid Legal Review: How Do You Succeed With Prepaid Legal?

If you are seriously considering joining Prepaid Legal and build a successful business, then you must sponsor and train as many distributors as you can so you team can generate more commissions and duplicate fast. Understanding sales and marketing are the basics requirements.

Do you have plan for that? Where can you find all these new distributors? Can you only rely on your warm market? If you are not sure about all these questions and you clearly understand that you are going to run out of friends and family members pretty fast, then you must learn the game.

The answer is pretty simple. Your goal is to find hundreds and hundreds of people and point them to your system, to your business presentation. This is simple but not easy! Most likely, the best way to that is to use an attraction marketing system that will teach you how and allow you to funnel all the traffic to capture pages and training. If the system and marketing funnel are set up properly, it is possible to generate dozens of leads, day after day, 24/7/365 and generate upfront cash-flow for your business while building your team!

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.

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.