Mar 5
The strength of the 50 year success is also the "Achilles heel" of PrePaid Legal. They adhere to the 50's tradition of marketing to your "warm market". Their idea of building a 6 figure network marketing business on the backs of your friends, family, and associates should have long been retired. PrePaid Legal also uses the old "3 foot" rule. This is where you are supposed to talk to everyone within 3 feet you about your business. Maybe this was a good methodology 50 years ago. Today this would just positions a distributor as a poor, starving salesmen, standing on a street corner, just begging for someone to listen to him. In Conclusion: Legal services are something that everyone uses, and to have these services available to some now is a great marketing tactic. Success in this business, however, will be directly proportional to the skill set the market has. For a marketer who has spent the time, as any good business person should, and learned the "skills of the trade" this could be a very good opportunity. For someone who has no marketing skills, and no ambition to learn those skills, I suggest they just use the services and don't waste their time trying to market the product.Patrick Logan is an internationally respected business coach to Network Marketers and Small Business Owners. To find more about Patrick see [http://www.mlm-masters.info]Success IN MLM's To learn more about developing a significant and profitable Pre-Paid Legal Business see the [http://www.mlm-masters.info/prepaidlegal]PrePaid Legal Insiders Report. Article Source: [http://EzineArticles.com/?PrePaid-Legal---A-Good-Opportunity-Or-a-Great-Con&i...] PrePaid Legal - A Good Opportunity Or a Great Con
PrePaid Legal - A Good Opportunity Or a Great Con
Prepaid Legal Services ranks as one of the most successful network marketing companies. The original company, the Sportsman's Motor Club was founded by Harland Stonecipher in 1972. Today, as Prepaid Legal Services, they offer a variety of legal services, as well as a business opportunity to become an associate and re-sell those services. There are some serious concerns about starting a Prepaid Legal business, and in this article we will take an unbiased look at the pros and cons of developing such a business. Pros: Notwithstanding the criminal side of the law, almost everyone in their lifetime has a need for some legal services. Essentially people pay monthly fees, in exchange for discounts and access to attorneys. Prepaid legal covers legal events such as letters, wills, buying a house or a car, problems with insurance companies, identity theft, and more. PrePaid Legal started selling plans through network marketing in 1983, went public on the NASDAQ in 1984. Two years later moved to the American Stock Exchange. Having these services at your fingertips from a company that has been around for over 50 years can be a very reassuring. Cons:The strength of the 50 year success is also the "Achilles heel" of PrePaid Legal. They adhere to the 50's tradition of marketing to your "warm market". Their idea of building a 6 figure network marketing business on the backs of your friends, family, and associates should have long been retired. PrePaid Legal also uses the old "3 foot" rule. This is where you are supposed to talk to everyone within 3 feet you about your business. Maybe this was a good methodology 50 years ago. Today this would just positions a distributor as a poor, starving salesmen, standing on a street corner, just begging for someone to listen to him. In Conclusion: Legal services are something that everyone uses, and to have these services available to some now is a great marketing tactic. Success in this business, however, will be directly proportional to the skill set the market has. For a marketer who has spent the time, as any good business person should, and learned the "skills of the trade" this could be a very good opportunity. For someone who has no marketing skills, and no ambition to learn those skills, I suggest they just use the services and don't waste their time trying to market the product.Patrick Logan is an internationally respected business coach to Network Marketers and Small Business Owners. To find more about Patrick see [http://www.mlm-masters.info]Success IN MLM's To learn more about developing a significant and profitable Pre-Paid Legal Business see the [http://www.mlm-masters.info/prepaidlegal]PrePaid Legal Insiders Report. Article Source: [http://EzineArticles.com/?PrePaid-Legal---A-Good-Opportunity-Or-a-Great-Con&i...] PrePaid Legal - A Good Opportunity Or a Great Con
