Prepaid Legal Review - What are they selling? Prepaid Legal offers several legal plans they have a family plan, a business plan, and even an identity theft shield.
The most important things to recognize in regards to the product is how you and your eventual downline will market the product.
PPL offers a quality marketable product, however it can be easily misinterpreted because of the name "Prepaid".
While they offer several free services such as a will, limited contract review, phone consultations, and more.
The legal plan is not insurance and customers are not prepaying for unlimited legal representation.
Having a Pre Paid Legal plan is a proactive approach to legal protection and offers a discount when certain representation is needed.
The product component of this review is simply to give you an overview of what to consider prior to becoming a customer or joining as a distributor.
For the exact details on the product specifics contact an able Pre-Paid Legal representative.
Prepaid Legal Review - The Company and Leadership Pre-Paid Legal was founded by Harland Stonecipher and has been operating since 1972.
In January of 2011 the company has agree to go from being a publicly traded company to a private one.
This deal is expected to be complete by July of 2011.
While the company once leveraged the fact that they were a publicly traded company, being private also has many benefits to the company and distributors.
PPL with out questions has a strong foundation of corporate and field leaders that have driven this company to a half a billion dollar business.
Prepaid Legal Review - The Compensation, Show Me the Money! The most exciting feature to Pre-Paid Legal's compensation plan is next day pay.
PPL offers the ability to receive commission by direct deposit every 24 hours.
Overall PPL offers a lucrative compensation plan that has substantial upfront bonuses based upon the contract term chosen when the service is sold.
This term also has in impacts when residual income begins.
An important component of Prepaid Legal's compensation plan is that residual income is not paid out immediately, however residual income on products sales is a component of the compensation plan.
This compensation review would not be complete without mentioning another important element of the PPL compensation plan the "chargeback".
Because the company offers an upfront commission a portion of that upfront commission may be recovered by the company if the service is cancelled within a specific time period.
All that being said the company offers a fair and marketable compensation plan that has proven to pay distributors that are serious about building their Prepaid Legal business.
What Does It Take To Succeed in PPL? Prepaid Legal has proven to be a solid company, with great corporate and field leaders.
They have a rich culture and proven track record within the Network Marketing Industry.
Yet the facts are clear, even though PPL has great leaders, a lucrative compensation plan, and a marketable product none of that has any bearing on your success.
Prepaid Legal is first and foremost a Network Marketing company; therefore your success is completely based on your ability to sponsor quality distributors into your business.
Therefore you must be able to connect with and close a high number of people into your Prepaid Legal business.
Since your success hinges entirely on your ability to market and generate quality leads.
I highly recommend anyone interested in creating a substantial income in Prepaid Legal Services implement a proven Attraction Marketing System.
This system must allow you to brand yourself as a leader, teach and allow you to generate leads, as well as help you generate income from the individuals interested in an opportunity but don't want to join you're Prepaid Legal business or use it as a tool.
If you tie this online Attraction Marketing System and branding with a solid strategy Prepaid Legal could be a life changing opportunity.