Is Prepaid Legal Really a Moneymaker Or Just Another Pyramid?

So, let's discuss Prepaid Legal and whether or notyears, they promote a lot of the same old
it is a scam. Let's examine the businesstactics. You start the recruiting process with your
opportunity, the company, and whether or notwarm market, namely family and friends. They
you can actually make money with them.also suggest what is called the '3 Feet Rule',
Prepaid Legal has been around for almost 40meaning anyone within 3 feet of you is a
years and was started by Harland Stonecipher asprospect that you should share the opportunity
a result of the legal fees he incurred after a carwith.
accident that was no fault of his own. Though heIs there anything wrong with this? Well, in some
had auto, health and life insurance, he was lackingcases, the answer is a resounding "Yes!"
any kind of 'insurance' in the event that he was aReason being, just because someone is your
victim of a legislative battle. Hence... Prepaid Legalcousin or best friend, or just because someone at
was born.Starbucks looks like a 'business' type, that does
The company has agreements with top A/Vnot mean they want to start their own home
rated law firms in all 50 United States and Canadabased business in Prepaid Legal.
for the sole purpose of providing the members ofThere is a misconception among most new
the company with unlimited legal consultation onassociates that just because they enjoy the
personal and business matters. The law firms getcompany and have had success with it that is
paid quite handsomely on a monthly basis for theirgoing to translate into everybody else wanting to
legal services (with some firms getting ado the same. This is just not true.
guaranteed rate of over $1,000,000 per month) -The truth of the matter is that not everybody is
regardless of how many clients they handle. Sobuilt to start their own home based business, nor
the incentive for the law firms to service Prepaiddoes everybody on the planet have the desire to
Legal members to the best of their ability is quitedo so. And if you are chasing people that don't
tremendous.have the mental and physical drive to start a
Prepaid Legal membership plans include servicesbusiness, you are going to be met with great
for IRS audit defense, trial defense, motor vehicledisappointment and a whole lot of wasted time.
defense, preventive legal services, small businessThe proper way to build your Prepaid Legal
services, commercial truck driver services, legalbusiness is to market yourself and your
representation for law officers and more.organization so that you're only speaking with
Now that we've talked about what the companyqualified individuals who are looking for an
is all about, in the immortal words of Jerryopportunity to start with the company. These are
Maguire's Rod Tidwell, "Show me the Money!"the prospects you want and using technology
Which brings us to the point of whether or not(particularly the internet) is the most effect and
there's any money to be made with Prepaidefficient way of doing this.
Legal?Now, there is nothing wrong with speaking to
They are now one of the largest networkpeople who you know are sharp and driven
marketing companies around with over 1.6 milliongo-getters, but relying exclusively on that will
members. As in other network marketinghinder the growth of your Prepaid Legal business
companies, you can build a down line of associatescompared to the hyper growth you can
and receive compensation based on their efforts.experience when you utilize the internet.
You can also receive commissions from otherAnd quite frankly, once your Prepaid Legal
avenues, such a group membership and smallbusiness starts to grow, the income truly is
business plan sales.phenomenal.
Since they have been established for close to 40And that's the truth.