Prepaid Legal Services, Inc. is a network marketing company that focuses on marketing legal membership plans to middle America. The plans provide for legal service benefits, including unlimited attorney consultation, letter writing, document preparation and review, will preparation, traffic violation defense, automobile-related criminal charges defense and a general trial defense. In a nutshell, Prepaid Legal offers people the opportunity to obtain legal access for a fraction of what it would cost without the membership.
Harland Stonecipher started Prepaid Legal Services, Inc, in 1973. Prepaid Legal's flagship product is the Life Events Plan and currently there are more then 1,500,000 customers in the US and Canada. A few short years ago, an ID Theft Protection feature was added to the membership adding to its value. The power of Prepaid Legal's concept is that it sells a very unique service that people from all walks of life can get value from. They really don't have any real competitors in the traditional business or MLM arena.
Training And Leadership In Prepaid Legal Services, Inc.
Prepaid Legal Services is led by some of the most dynamic and documented leaders in the network marketing industry. Besides founder Harland Stonecipher, the corporate team contains many seasoned MLM veterans like Jeff Olson and co-CEOs Randy Harp and Mark Brown. Also, there are several seasoned veterans that are part of Prepaid Legal's Board of Directors. A good exmaple is Board of Director, Stephen Hague, a 40-year veteran of hte insurance industry, and has serves as CEO of a couple of insurance companies. Hague came on board in 2003 when then-Board of Director John Addison (co-CEO of Primerica) stepped down.
Prepaid Legal Services, Inc. mainly focuses on building a business using offline building methods like contacting your warm market and handing out company DVDs to sharp people you come across. This DVD-approach has caused a major surge in the company's recruting numbers across the US and Canada. With that said, they have recently instituted online presentation, lead capture pages and webinars for reps that want to leverage the internet to build their business.
Now, What Are The Advantages And Disadvantages Of the Prepaid Legal Service Business Opportunity?
Prepaid Legal Services, Inc. has many benefits if you are searching for a home based business opportunity. Prepaid Legal's leaders are very good at teaching and promoting the fundamentals of building a business. The techniques that are taught are pretty simple and effective, assuming you don't mind approaching your warm market. Another benefit is if you're not comfortable at giving presentations, there are a plethora of tools at your disposal such as daily sizzle calls, daily webinars, online presentations and online training videos. Another huge benefit that might catch your eye if you're researching Prepaid Legal's opportunity is that there's a very generous income opportunity just from selling memberships. In short, the Prepaid Legal opportunity is great for the average person to join and make a profit in their first 30 days.
One disadvantage (if you want to call it that) that Prepaid Legal Services has is the potential for a rep to receive a chargeback. This means that if a customer cancels their membership within the first 12 months, the rep will incur a commission chargeback, due to the customer falling off the books. Personally, I don't really see this as a disadvantage because all businesses, traditional or MLM, have some sort of chargeback feature when commission is paid on a customer that cancels, ex. life insurance.
In closing, Prepaid Legal Services, Inc. is an established company that is marketing a service in a groundfloor industry. Besides having a valuable service and a rich comp plan, the fact that customers who have no interest in joining a network marketing business will still buy and hold onto the membership is a huge benefit you need to look at if you're interested in building a customer base that'll pay you on-going residual incoem for years to come.
Author Resource:-
Jaime Soriano wrote this Prepaid Legal Review as a resource for people looking into Prepaid Legal Services. To learn how you can sponsor 20-50 reps into your business each month, visit: Network Marketing Training Secrets
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