PrePaid Legal Inc – A Legit Business Opportunity Or Another Pyramid?
PrePaid legal services Inc is an MLM undertaking that provides specific legal services for a fixed monthly fee to its subscribers. This article aims to explore the income opportunity offered by the MLM and see how profitable it is.
The Service
Why does anyone need legal insurance? The same reason why you’d need health 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. 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 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 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. In addition to legal insurance, the company also offers a monitoring system to prevent identity theft.
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.
- 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.
- 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. 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.











