subject: Pre-Paid Legal Review - Fact or Fiction? [print this page] Pre-Paid Legal Review - Fact or Fiction? Pre-Paid Legal Review - Fact or Fiction?
There are 2 sides to the pre paid legal services scam story. First we've got the legal services side to consider and also , the business opportunity side to consider. Let's take them one at a time.
Pre Paid Legal Services Scam
Pre-Paid Legal Services Inc is a public traded company (NYSE:PPL) that has been providing subscription-based legal plans and services since 1972. Today, the company serves over 1.5 million purchasers 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 obtain information and commend. Legal assistence is provided for virtually every thing you can imagine including document review when purchasing a house or an auto, setting up a will, handling Problems with insurance corporation claims, coping with ID theft issues and more . Much more . Various riders are also available including a legal shield rider, home busines rider, and even a company record keeping option.
So you have got to ask yourself? Here's a publicly-traded company serving over 1.5 clients. 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 made to close their door a long, long while ago. Instead, they have been well for over 38 years! Scam. Fraud. Worthless? Impossible.
Pre Paid Legal Scam
Now let's take a look at the business proposition.
According to the Media Moogle site which gives a spread of PrePaid Legal info inclduing articles, lawsuits, grouses, ponzi operation accusations, and more... The company profits decreased 8% in 2009 during the same time period, the quantity of new sales distributors enrolled reduced 17.8%. Which is wierd, in actual fact because when most social marketing businesses actually see a serious increase in their distritorship base during bad commercial times. Because when times get rough, folks often begin to look for methods to make extra cash and a good Multi-Level Marketing opportunity the preferred selection of many [**].
Of course in ANY internet marketing opportunity you'll have a miniscule share of the active distributors who make a serious living. Most will never make a time. It is just the way in which it is. One or two will make millions, plenty will make the best living, and most will fail to provide a profit. Which has nothing at all to do with the so-called pre paid legal scam claims. It's a workable business that has passed the test to time for over three decades!
That being said, as you might or might not know, I also own one of the hottest Multi Level Marketing leads sites online . So over time we have worked with lots of distributors from nearly every social marketing opportunity on the planet and the majority of the feedback I have received over the years is the attrition rate for pre-paid legal services is pretty steep. And when you're attempting to build a business going through a high attrition rate - it is like trying to fill a bucket full of water that's got a leak at the bottom. If you can fill it quicker than it is leaking - you'll show a profit. The challenge is you can't STOP actively filling the bucket!
sounds correct?
So if you're seriously considering starting our own business, you can enthusiastically discount all the pre paid legal services scam claims. They are bogus. It is a good, stable, well-respected company with a proven past record.
However, before you jump in with both feet you actually need to pause to consider precisely how you will promote and grow your new business. What is your promoting plan? How does one mean to publicize and plug the legal services ( to get new customers ) and the business venture?
The right way to start is to contact all your family, buddies, work mates, colleagues and local business owners. This will keep your expenses down and, if approached properly, you net 1 or 2 good clients and maybe 1 or 2 good business builders. But what are you intending to do when you exhaust your warm market?
Listen - the general public fail to build a rewarding internet promotion business because they never truly sat down and worked out a technique to consistently promote the product, service or opportunity, cost effectively, over an extended period. And new leads, new prospects, new purchasers and a regular flow 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.
