PrePaid Legal Services – A Legit Home Business Or Another Pyramid?

PrePaid legal services Inc is an MLM undertaking that offers certain legal services for a fixed monthly fee to its subscribers. In this article, let’s see the business aspect of this MLM Company and check out the potential to earn as PrePaid legal associate.

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. Legal insurance is a means to minimize your legal expenses. 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 founder of Prepaid Legal, Harland C Stonecipher felt the need for such a service when he had to pay a huge compensation for a motor accident. 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?

PrePaid’s image got tarnished when it got into legal problems and dissatisfied customers and affiliates started spreading rumours of 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.

Old affiliates who couldn’t make money turned bitter and started complaining about the company and the MLM hierarchy. However, there are people who’ve made lots of money in this business. You earnings depend on how you market the service.  

Why Should You Join PrePaid Legal Business?

-    Legal insurance is relatively new as compared to other kinds of insurance. This should make it easier for you to sell the product.
-    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

This is not the kind of business that could be sold to customers by strictly following procedures of a typical MLM firm. 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

Find a way to promote this service well and you’ll be astounded at the rate of business that comes in. 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.