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 Free Legal Documents and Contracts. 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!