Pre Paid Legal Independent Associate- What You Need To Know Before Joining

Wednesday, February 3rd, 2010 at 9:25 am

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Company Overview

The Prepaid Legal MLM business opportunity ranks among the top 25 business opportunities of the world today. With an expertise of over 40 years behind it, it is no wonder that this is also one of the most trusted MLM opportunities around.

The founder of Prepaid Legal, Harlan Stonecipher, was of the intention of providing a plan for covering legal expenses. The company with this concept, Prepaid Legal, was started in 1969 after Stonecipher was milked dry of his finances after a motor accident suit. This business idea was to provide legal services to people at low costs, promoted through network marketing. The idea clicked, and the company made good progress. It was inducted into NASDAQ in 1984 and into the American Stock Exchange in 1986.

The Services

There are two main kinds of services provided through the Prepaid Legal Company.

Identity Theft Shield – Recently announced, this area provides several services to people who are battling against various identity theft cases. For this particular feature, Prepaid Legal has tied up with Kroll Inc. It was earlier just a commission earner while Kroll Inc discharged most of the services, but today their collaboration has become more mutual.

Basic Legal Plan – Here services are provided for a vast range of general legal requirements. These services are available to individuals as well to groups of people. It even includes employee benefit features which can be put into use by employers immediately after an employee has been confirmed for duty.

The Pros

Consultants with Prepaid Legal can take one of these services or they can take both of them. They can make these available to people they network with. The entire concept of the Prepaid Legal Company revolves around multilevel marketing. The benefits for the buyers are numerous, but the most highlighted benefit is that they are saved from paying hefty legal charges whenever they are in some kind of need. Another area where the benefits are greatly felt is when employees are seeking certain benefits through the legal machinery that is provided to them.

Can You Make Money with Pre Paid Legal

There are different ways to make money out of the Prepaid Legal opportunity. Once a person becomes a consultant, he or she gets a sum between $69 and $250 as an advance commission. The person has to work at explaining the program to other people and get them to become marketers themselves. The idea is to make a great sales presentation (for which tutorials are provided) which explains people how they can make some good money here. This network building mechanism pays the highest amount of money to the consultant as they stand to get commissions when other people join into their network. Essentially, the income comes from direct sales as well as by commissions from the members in the network.

The Marketing Plan

Pre Paid Legal is the type of network marketing company that has been built using offline strategies such as word of mouth, door to door sales, etc. Although it is possible to build Pre Paid online, at the time of its conception there was no such thing as online marketing. I would tell you that if you are afraid to talk to people, it doesn’t matter if you are building online or offline, you will need to get over this feat. You cannot exclude prospecting from your game plan.

Pre Paid Legal is a very demanding MLM opportunity and there are a lot of people in need of the services provided with it. Though the end product is quite benefiting and impressive, it is the work that you have to put in that becomes a big deal. Like any other MLM opportunity, there is much initial work that needs to be put in if there is any residual income to be gained at the end of the day.