Prepaid Legal Business Opportunity Review

Before we begin, yes there are already numerous Prepaid Legal business opportunity reviews all over the Internet. This is the reason why I’ve decided to write this for you in order filter all biased opinions and give you a “balanced” review instead.

At least for your sake, it will be less confusing. Yet you will still be at a higher level of understanding about the Prepaid Legal business opportunity. As we continue on there are three section to this report. Each represents a unique overview numbered just for your convenience.

1) How Prepaid Legal Services Got Started?

We go back to 1972. A gentleman by the name of Harland Stonecipher (a life insurance salesperson), had a serious car accident that changed his life. Stonecipher found out that he was insured for his car and medical expenses but not for his legal expenses of several thousand dollars.

He thought why not have legal insurance and that marked the very beginning of the “seed” of the Prepaid Legal business opportunity. In 1979 Prepaid Legal became a public corporation when its stock was traded on the NASDAQ exchange. You now see a company which offers legal expense reimbursement services selling plans through independent associates.

2) Selling Legal Plans

As a matter of fact the Prepaid Legal business opportunity means you will be selling plans often described as legal insurance plans. A typical plan provides your customers with certain specific legal services at no cost. Plus, reduced rates for other services in exchange for a membership fee, premium, or some other sort of prepayment.

You have the chance to offer individual or family plans, employee benefits plans and business plans. Individuals and families join for a minimal monthly or annual fee, usually through a credit card company. If you take a look at their website (the official Prepaid Legal business opportunity page), you will see that a minimal fee of $49 is all it takes to be a prepaid legal independent associate.

3) Your Compensation Potential And Weakness

With your Prepaid Legal business opportunity you will get the chance to earn a direct, linear and leveraged income. You’re paid an advanced commission of $69 to over $250 every time you help enroll someone into the Prepaid Legal business opportunity. You initially start off as a Certified Field Trainee.

You should know by now that the Prepaid Legal compensation plan is focused on a network marketing concept. This is why your great wealth arrives when you have targeted prospects who are also willing to work the system with you. You will need to a good marketing strategy to do this.

Your Ultimate Strategy

If you are considering to save some money on legal expenses, the Prepaid Legal business opportunity is a nice fit to your interest. However, you still need a good marketing plan to do it successfully. Your first step is to invest in a good online marketing package for your income advancement.