Pre Paid Legal Under the Hood – Good Deal?
There are two sides to the pre paid legal services scam story. First we have got the legal services aspect to consider and also , the business proposition side to consider. Let us take them one at a time.
Pre Paid Legal Services Scam
Pre-Paid Legal Services Inc is a publicly traded company (NYSE:PPL) that has been providing subscription-based legal plans and services since 1972. Today, the company serves over 1.5 million clients in the U.S. And Canada.
For $26 or less each month, families and home business owners have direct phone access to a local law firm to get guidance and recommend. Legal assistence is provided for nearly every thing you can imagine including document review when purchasing a house or an auto, setting up a will, handling Problems with insurance company claims, handling identity theft issues and more . Much more . Diverse riders are also available including a legal shield rider, home busines rider, and even a corporate record keeping option.
So you’ve got to ask? Here’s a publicly-traded company serving over 1.5 customers. If the legal services they supply were not on the up and up, if they did not work with high reputation legal corporations, they company would have been compelled to close their door a long, long time ago. Instead, they have been alive and well for over 38 years! Scam. Crime. Worthless? Most unlikely.
Pre Paid Legal Scam
Now let’s have a look at the business venture.
According to the Media Moogle site which gives a variety of PrePaid Legal info inclduing articles, court actions, complaints, pyramid scheme accusations, and more… The company profits reduced 8% in 2009 but , in the same time period, the quantity of new sales distributors enrolled reduced 17.8%. Which is odd, actually , because when most network marketing firms basically see a significant increase in their distritorship base during bad business times. Because when times get coarse, people frequently start to look for techniques to make extra money and a good M.L.M opportunity the preferred selection of many [**].
Of course in ANY internet marketing opportunity you’ll have a miniscule proportion of the active distributors who make a significant living. Most will never make a time. It’s just the way in which it is. A few will make millions, plenty will make the best living, and most will fail to supply a decent profit. That has nothing whatsoever to do with the supposed pre paid legal scam claims. It’s a reasonable business which has beaten the test to time for over thirty years!
That being said, as you may or may not know, I also own one of the most popular Multi Level Marketing leads sites online . So over time we have worked with hundreds of distributors from nearly every social marketing opportunity in the world and a lot of the feedback I’ve received over time is the attrition rate for pre-paid legal services is pretty steep. And when you’re making an attempt to build a business suffering from a high attrition rate – it’s like making an attempt to fill a bucket full of water that has got a leak at the bottom. If you can fill it faster than it is dripping – you’ll show a profit. The challenge is you can’t STOP actively filling the bucket!
sounds correct?
So if you’re seriously considering beginning our own business, you can enthusiastically discount all of the pre paid legal services scam claims. They’re fraudulent. It is a good, stable, well-regarded company with a proven past record.
But before you jump in with both feet you actually need to pause and consider precisely how you may promote and grow your new business. What’s your selling plan? How does one mean to publicize and promote the legal services ( to get new clients ) and the business venture?
The best way to start is to contact all your family, buddies, co-workers, business colleagues and local business owners. This will keep your costs down and, if approached correctly, you net a few good clients and perhaps a few good business builders. But what are you going to do when you exhaust your warm market?
Listen – most of the people fail to build a rewarding internet promotion business because they never actually sat down and figured out a technique to regularly pitch the product, service or opportunity, cost effectively, over an extended period. And new leads, new prospects, new clients and a steady stream of new business builders is the name of the game.
So the first thing you should do before starting any new business is to determine exactly how you intend to market and promote the business.
Reilly Micheals exposes the pre paid legal scam for what it really is and show you how to take any business to the next level fast.
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