Is There a Pre-Paid Legal Pyramid Scheme?
Pre-Paid Legal is a network marketing company that has faced a lot of criticism in the news over the past decade. At the same time, though, the company has provided steady income to thousands of independent representatives (network marketers) who have built empires around the Pre-Paid Legal service offerings.
The biggest question for network marketers is whether this is a legitimate company to work for. Are the rumors true - is there a Pre-Paid Legal pyramid scheme? Or are they simply rumors? And can network marketers truly make money in this type of opportunity?
Legality of the Pre-Paid Legal Pyramid Scheme
First, let's discuss the issue of legality. Pre-Paid Legal has been involved in a number of court cases since its founding in 1972, but the pendulum has swung both ways in terms of wins, losses, and settlements. At the moment, the company complies with laws in both the United States and Canada.
A current investigation concerning a recent merger between MidOcean Partners (a New York based equity firm) and the company is underway, because some believe that the stakeholders of Pre-Paid Legal weren't treated fairly in the buyout. However, this has not affected independent representatives or clients of Pre-Paid Legal.
In both 2007 and 2008, the company was listed in Forbes 200 Best Companies to Work For.
The Bottom Line on the Pre-Paid Legal Pyramid Scheme
Ultimately, the company isn't operating a pyramid scheme. They're completely legal and legitimate, and there are a lot of successful reps who can prove it. So the question, now, for new network marketers, is, "Can I be successful with this company?"
The answer really depends on the individual. A lot of reps fail early on because they believe that success will be easy. They also think that they can simply tap into their warm market of family and friends, and become successful by selling and recruiting in their neighborhood. But this is a far cry from the truth.
How to Be Successful with Pre-Paid Legal
Since we've determined that there is no Pre-Paid Legal pyramid scheme, how can network marketers find success with the company? First of all, it's important for new reps to learn the best methods before they start.
Experts in the field have offered their extensive services (oftentimes for free) to new network marketers hoping to break into the business. It's possible to grow your downlines by multiple people per day by learning how to leverage the phone and internet. Identifying the best ways to reach your target market and generate warm leads is a huge part of finding success with a company like Pre-Paid Legal, and luckily there are many people who can help you get to the level you'd like to be with a company like this.
To learn more about building a successful business with Pre-Paid Legal, check out Pre-Paid Legal Wealth.
The biggest question for network marketers is whether this is a legitimate company to work for. Are the rumors true - is there a Pre-Paid Legal pyramid scheme? Or are they simply rumors? And can network marketers truly make money in this type of opportunity?
Legality of the Pre-Paid Legal Pyramid Scheme
First, let's discuss the issue of legality. Pre-Paid Legal has been involved in a number of court cases since its founding in 1972, but the pendulum has swung both ways in terms of wins, losses, and settlements. At the moment, the company complies with laws in both the United States and Canada.
A current investigation concerning a recent merger between MidOcean Partners (a New York based equity firm) and the company is underway, because some believe that the stakeholders of Pre-Paid Legal weren't treated fairly in the buyout. However, this has not affected independent representatives or clients of Pre-Paid Legal.
In both 2007 and 2008, the company was listed in Forbes 200 Best Companies to Work For.
The Bottom Line on the Pre-Paid Legal Pyramid Scheme
Ultimately, the company isn't operating a pyramid scheme. They're completely legal and legitimate, and there are a lot of successful reps who can prove it. So the question, now, for new network marketers, is, "Can I be successful with this company?"
The answer really depends on the individual. A lot of reps fail early on because they believe that success will be easy. They also think that they can simply tap into their warm market of family and friends, and become successful by selling and recruiting in their neighborhood. But this is a far cry from the truth.
How to Be Successful with Pre-Paid Legal
Since we've determined that there is no Pre-Paid Legal pyramid scheme, how can network marketers find success with the company? First of all, it's important for new reps to learn the best methods before they start.
Experts in the field have offered their extensive services (oftentimes for free) to new network marketers hoping to break into the business. It's possible to grow your downlines by multiple people per day by learning how to leverage the phone and internet. Identifying the best ways to reach your target market and generate warm leads is a huge part of finding success with a company like Pre-Paid Legal, and luckily there are many people who can help you get to the level you'd like to be with a company like this.
To learn more about building a successful business with Pre-Paid Legal, check out Pre-Paid Legal Wealth.
Source...