| The History Of Prepaid Legal Services: | | | | technique has exploded it's recruiting numbers across |
| Prepaid Legal Services, Inc. is a network marketing | | | | North America. With that said, they have recently |
| company that focuses on marketing legal | | | | instituted online presentation, lead capture pages and |
| membership plans to middle America. The plans | | | | webinars for reps that want to leverage the internet |
| provide for legal service benefits, including unlimited | | | | to build their business. |
| attorney consultation, letter writing, document | | | | What Are The Pros And Cons? |
| preparation and review, will preparation, traffic | | | | Prepaid Legal has many attractive features if you're |
| violation defense, automobile-related criminal charges | | | | looking for a network marketing company to partner |
| defense and a general trial defense. Basically, they | | | | with. It's leaders are great at teaching and promoting |
| allow customers to have access to legal | | | | the fundamentals of building a network marketing |
| representation and attornies for a FRACTION of | | | | business. The techniques that are taught are pretty |
| what it would cost outside of the membership. | | | | simple and effective, assuming you don't mind |
| Prepaid Legal Services, Inc. started in 1973 by Harland | | | | approaching your warm market. Another attractive |
| Stonecipher. The flagship product is the Life Events | | | | feature is, if you are uncomfortable at giving |
| Plan and currently there are more than 1.5 million | | | | presentations, there are a ton of tools, resources |
| members in North America. A few years ago, the | | | | and systems you can use to recruit people into your |
| Identity Theft feature was added to the | | | | business. Another feature that might interest you if |
| membership giving the membership more benefits. | | | | you are looking at Prepaid Legal as a business |
| The strength of the Prepaid Legal concept is that it is | | | | opportunity is that there is a significant income you |
| marketing a unique service that people from every | | | | can generate just from marketing the service and |
| economic status can benefit from. It virtually doesn't | | | | acquiring customers. In short, Prepaid Legal is a great |
| have any real competition in the traditional business | | | | vehicle for the average person to come on board |
| arena or the network marketing industry. | | | | and see some success. |
| Leadership And Training | | | | One disadvantage (if you want to call it that) that |
| Prepaid Legal Services is led by some of the most | | | | Prepaid Legal has is the potential for a rep to receive |
| dynamic and documented leaders in the network | | | | a chargeback. This means that if a customer cancels |
| marketing industry. Besides founder Harland | | | | their membership within the first 12 months, the rep |
| Stonecipher, the corporate team contains many | | | | will incur a commission chargeback, due to the |
| seasoned MLM veterans like Jeff Olson and co-CEOs | | | | customer falling off the books. Personally, I don't |
| Randy Harp and Mark Brown. On top of that, there | | | | really see this as a disadvantage because all |
| are many seasoned veterans that sit on the Board | | | | businesses, traditional or MLM, have some sort of |
| of Directors. One example is current Board member, | | | | chargeback feature when commission is paid on a |
| Stephen R. Hague, A 35-year veteran of the | | | | customer that cancels, ex. life insurance. |
| insurance industry, Hague has served as Chairman | | | | In closing, Prepaid Legal Services, Inc. is an |
| and CEO of several insurance companies. Hague | | | | established company that is marketing a service in a |
| replaced former Board member, John Addison, | | | | groundfloor industry. Besides having a quality service |
| co-CEO of Primerica, when Addison resigned in 2003. | | | | and a strong pay plan, the fact that people who |
| Prepaid Legal mainly focuses on building a business | | | | have no interest in MLM will still buy and keep the |
| using offline building methods like contacting your | | | | service is a major factor you need to be aware of if |
| warm market and handing out company DVDs to | | | | you want to build a large customer base that will pay |
| sharp people you come across. This "DVD-Exposure" | | | | you residuals for decades to come. |