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

by on Feb.19, 2010, under Uncategorized

PrePaid Legal Services Review

PrePaid legal services Inc is a network marketing company that offers certain legal services to customers for a subscription fee. This article aims to explore the income opportunity offered by the MLM and see how profitable it is.

Product

Why does anyone need legal insurance? The same reason why you’d need health or life insurance! Everyone’s accountable to the law and we can never predict when we may need the services 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. Issues such as divorce, drugs related cases and major criminal problems are not covered, but members can use the services of a lawyer for such issues at a discounted rate.

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 launched this company as an MLM venture to offer members legal help for a fixed monthly rate as well access to lawyers whenever they required. 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?

-    Legal insurance is relatively new as compared to other kinds of insurance. This should make it easier for you to sell the product.
-    This is an MLM that pays well. Payment’s made as soon as forms are submitted.
-    This is a service that will be helpful for everyone. There should be many takers for this service if marketed the right way.


Distributor Problems

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. The internet offers a host of avenues such as social networks and articles where you could promote your business effectively.

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