One of the leading, most established and thriving MLM companies in the last forty years has been Prepaid Legal. I’m going to discuss the pros and cons of this home business opportunity in this review.
Who is Prepaid Legal?
Their headquarters is slightly southeast of Ada, Oklahoma. In 1969, a man named Harland C. Stonecipher, their founder and CEO was involved in a car accident that left hime with some hefty legal bills. They started disbursing their plans through network marketing in 1983. Pre-Paid Legal went public on the NASDAQ National Market System in 1984, two years soon after moved to the American Stock Exchange and in 1999 moved to the New York Stock Exchange.
A variety of legal protection services and identity theft programs are the most well known plans that they offer as well as having a business opportunity on hand for people looking for supplemental income by becoming an associate to re-sell their services and recruit other associates. These plans provide preventive legal services, which consist of telephone consultation on unlimited personal legal issues, document and contract review, and will preparation. Including over 1.5 million members, as mentioned before, they are one of the biggest, most successful network marketing companies in existence today.
What does it cost?
It is $ 26 or less per month, a somewhat inexpensive price to become a member and purchase one of their plans and it just costs $ 72 or $ 49 to become an associate depending on what level somebody wants to come in at and this is reasonably cheap compared to starting a business opportunity with other MLM companies. Members can pick up the telephone anytime and call experienced, top of the line attorneys anytime. Peace of mind is one of the best things Prepaid Legal offers their members. Knowing that you are legally represented and that you are in no danger of having your identity stolen or misused.
The Compensation Plan
So how do you make money with the Prepaid Legal business opportunity? This is one of the more vigorous compensation plans in the MLM industry. You get paid each day when you personally acquire customers to purchase their services. You also get paid substantially when you bring on people to become a prepaid legal associate. You are paid a year in advance and this is how associates can make thousands of dollars and attain Director status in the system within their first few weeks or months.
Most Prepaid Legal uplines still encourage their associates to exercise marketing techniques that were the solitary means to go about shaping a MLM opportunity before the internet was a factor. They will have you lead with your warm market, i.e. friends, family, co-workers, to shape your business. They also instruct their reps to practice the 3 foot rule. This is when you are supposed to speak to everyone within 3 feet of you about the Prepaid Legal services and opportunity. These methods still work for some types of people but not for everyone (very few in fact) and this is why the majority of folks in the industry struggle to develop the results that they are really looking for.
The fact is, you can no question make TONS of money with Prepaid Legal if you know how to market efficiently. Trying to put together a six-figure income on your warm market and strangers is more than simply a tough sell – it can be downright frustrating, not to mention exceedingly ineffective and more than likely not going to happen. Chasing individuals trying to convince and sell them on the legitimacy of your product and business opportunity is a great deal less fun and rewarding than speaking to individuals that have already expressed a direct interest in what you have to offer.
You would just need to refine your marketing skills. What if I told you that there is a technique where you can market yourself and generate endless, free leads each day in a way that individuals will be seeking you out ready to go in with you in your Prepaid Legal business? If you know how to leverage the internet it absolutely does work. With the right training you can get in front of millions of folks each day that are already searching for what you have to propose.
In closing, I would say that starting and developing a Prepaid Legal home business will be extremely lucrative if you know how to market effectively but like any business, success will be determined by the skill-set of you as a marketer.
It is exceptionally important when you decide to join Prepaid Legal and start your business opportunity with them that you get involved with the right team. This opportunity will permit you to generate strong residual income, however – you still need a step by step system, training, and team support to show you how you can advertise your business over the internet and become a very successful professional in this industry.
This system will show you how you can generate limitless leads, sponsor 20-50 reps into your downline per month, and create 14 additional income streams that other teams in the company do not have access to.
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