Pre-Paid Legal Inc - A Review Of The Network Marketing Opportunity
Posted Under: Small Business
We can never predict when we’ll need legal help. There have been so many times when we’ve been cheated by cons and needed the advice of lawyers. But most people don’t really approach a lawyer for help unless it’s absolutely necessary because of the high costs and hassles involved. To overcome these problems, PrePaid Legal services Inc was established; through this, members need to pay a fixed amount every month to use free legal assistance for certain issues.
History
The need for PrePaid legal services was identified by its founder Harland C Stonecipher in 1969 when he had to pay heavy compensation for a motor accident. In 1983, PrePaid legal was established as an MLM company to sell its plans through associates. Soon the business expanded to reach fifty states in the US and Canada. However it also had its share of lawsuits from dissatisfied customers as well as representatives.
For a fixed monthly fee of , members get access to legal services for research and documentation work, wills, lawyer consultation and assistance in traffic issues. Though major criminal cases, divorce and child custody are not covered for, members could get a good discount for consultations on such issues. The Firm also offers an identity theft monitoring and restoration service.
The PrePaid Legal Services Associate Program
The fee for joining the business opportunity is . Earn between and 0 for each order you bring in. As in other network marketing businesses, there are lots of bonuses and perks along the way that’ll make you sit up and take notice of the business opportunity. Payment is made as soon as orders are submitted; so there’s no waiting period for commissions. Associates are backed by good support from the company and offered training in promoting the business.
Problems faced by reps
The way the opportunity’s projected, you’d think you could easily earn a five figure salary every month. Even if your personal network is substantial, you have to consider the fact that you can’t make everyone subscribe to the Prepaid legal membership. The challenges faced by reps in this business are:
- Since legal expenses occur rarely, people don’t find the need to subscribe to a paid service that would save them from such infrequent spending.
- The company follows a traditional network marketing setup wherein associates are trained to invite people they know to “parties”. Most customers are fed up with such strategies; this technique is not likely to bring in much business.
- Customers cannot be won over by trying to coax them to subscribe to your product. Pestering them will not help your cause nor get you referrals.
Winning PrePaid Legal Services Strategies
In an MLM setup, your income depends on your promotion techniques. This field has seen extremes in success as well as failure. Interactive marketing of your business through the internet is sure to fetch you good results. Find out tips and tricks of virtual marketing and you’ll be surprised to see the results in your business.
