Prepaid Legal Services Review - Should You Join Or is it a Scam?

Published: 11th June 2010
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A History Of Prepaid Legal Services, Inc.:

Prepaid Legal Services, Inc is a multilevel marketing company that sells legal membership plans. 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.

Founder, Harland Stonecipher, started Prepaid Legal in the early 70s after noticing an enourmous need in the market place. 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 years ago, the Identity Theft feature was added to the membership giving the membership more benefits. 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. It virtually doesn't have any real competition in the traditional business arena or the network marketing industry.

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. On top of that, there are many seasoned veterans that sit on the 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 replaced former Board member, John Addison, co-CEO of Primerica, when Addison resigned in 2003.

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.

What Are The Pros And Cons Of Prepaid Legal Services, Inc.?

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 attractive feature is, if you are uncomfortable at giving presentations, there are a ton of tools, resources and systems you can use to recruit people into your business. Another feature that might interest you if you are looking at Prepaid Legal as a business opportunity is that there is a significant income you can generate just from marketing the service and acquiring customers. In short, Prepaid Legal is a great vehicle for the average person to come on board and see some success.

One disadvantage, if you want to call it that, that Prepaid Legal has is the possibility for someone to get a commission 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 summary, Prepaid Legal Servcies is a documented corporationthat's selling a product in a ground-floor industry. Besides having a quality service and a strong pay plan, the fact that people who have no interest in MLM will still buy and keep the service is a major factor you need to be aware of if you want to build a large customer base that will pay you residuals for decades to come.

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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