Sometimes it amazes me just how many different ways there are of making money, in particular making money from home. In this PrePaid Legal Review I am going to be taking a closer look at one of the more talked about home based business opportunities.
Firstly I need to say that I am not associated or involved with the business in any way whatsoever, and this PrePaid Legal review is going to be a completely unbiased review based on the company, its products and most importantly its business model.
Right, to start the PrePaid Legal review I am going to take a quick look at the company as a whole. In 1969 Harland Stoneciphe was involved in a motor vehicle accident. He has cover for everything other than the mounting legal fees. This set things in motion and in 1972 PrePaid Legal starts of as “The sportsman’s motor club” offering legal reimbursement to its members. For much of the 70’s there are only three salespeople involved. It was however in the 80’s that John Hail introduced the concept of network marketing to the business and in 1983 the first sales through MLM were introduced. The company was listed on the NASDAQ in 1984 and two years later on the American Stock exchange. In the 90’s the company went through some tough times but through restructuring and sound management in 1999 it moved to the NYSE and within 3 months was listed as the 33rd fastest growing company. Today there are more than 1.5 million members and independent home associates.
I knew very little about the company before doing this PrePaid Legal review, and I must say the simplicity of the product I find quite refreshing. Any good product is based on a need and one need that most Americans have during their lifetime is that of legal services. We also all know that this can be a very costly service. What PrePaid Legal offer is, for $26 a month you get access to good quality legal advice and services.
The business model
This now is the talking point, and this is the Part of the PrePaid Legal review I am sure most people are interested in. To become an associate you need to pay a fee of $249. This entitles you to sales material, field training, the support of your team, and all administrative office support. As an associate you earn money in two ways. First you get paid a commission for selling the PrePaid Legal cover, and second you earn income from people in your team (your downline) selling the plan. This commission is paid on a daily basis.
You know there has been much controversy surrounding the company and far be it for me to make a judgment. Is the MLM opportunity a sound one? I think so. Is it right for everyone? Absolutely not. This PrePaid Legal review cannot fault the company’s business plan. You do however need to understand that it takes effort and commitment to make a success of this, or any home based business