| Watch our review of
Pre-Paid Legal |
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| Startup Cost: |
$150 -$1,200 |
| Product Line: |
Legal Services |
| Business Type: |
MLM |
| Lead Generation: |
National Radio |
| Marketing System: |
Online System |
| Annual Income Potential: |
$70K + |
| Est. Annual Cost of Ownership: |
$100 - $2K |
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Overall Bizop |
9.2 |
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Product Line |
9.5 |
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Training |
9.3 |
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Startup Structure |
8.5 |
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Marketing System |
9.1 |
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Back Office |
9.2 |
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eStore |
9.2 |
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Lead Generation |
8.5 |
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Income Potential |
9.2 |
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Cost of Ownership |
9.0 |
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"I'd like to thank my Provider Law Firm from Durham, North Carolina.
My kids were involved in an auto accident that was not their fault. My kids were not seriously hurt,
but the car was totaled. Along with my Provider Attorneys professionalism, expertise, and excellent response time,
they also let me know that they were there to assist me. I'd like to give special thanks to [one attorney]. She was
very concerned about my case. She speaks with power."
-R. Leonard, CA
"I have recently concluded a bankruptcy and I would like to recognize my Attorney for his excellent service.
He was referred by Pre-Paid Legal. He provided outstanding services throughout my case. He was consistently
available when I called with questions and he always kept me informed. I am sending his message in appreciation
of the great service provided by Pre-Paid Legal and [my Attorney]. I thank you all!"
-R. Hillard, CA
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"I would like to mention the work of (my provider attorney). She was prompt and efficient in handling my tax
problem when many others couldn’t. I appreciate the assistance that this service provides."
-G. Sanchioli, PA
DISCLAIMER: Claims and comments made are not supported, endorsed or
verified by Top5BizOps.com.
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Overall BizOp:
Prepaid legal Services is an innovative company that came up with a unique
product and business opportunity. Prepaid legal is similar to an insurance
company except that they have created a network of legal service providers.
Essentially people pay monthly fees, of generally under 30 dollars, 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.
With the legal crazed society we live in, everyone and we mean everyone will need legal services some day. So it would make sense to
build a business that taps into this very lucrative industry.
Product Line: The idea is that if an occasion arises in which you require legal assistance you can contact Prepaid Legal.
In regards to simple matters that need legal review this service can save you lots of money. Generally most attorneys charge outrageous
rates just for their time alone and prepaid legal services work to avoid that.
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, you will see that a minimal fee of $49 is all it takes to be a prepaid legal independent associate.
What sets them apart:
 Only legal services MLM
Product is highly desired by small business
National radio marketing campaign
Very professional low cost service and system |
Marketing System: Pre-Paid Legal has a large national radio campaign that attracts most of its clients and members. This is big advantage for you
as you will build your client base and mlm structure much quicker than with word of mouth alone. Their online system is very sophisticated so you can
know zip, nada, nothing about the law and still build a thriving business helping hundreds of people.
Startup Structure:
Very typical of any other mlm with no surprises. One might think, because this is a service that there would be some differences, but no it is all
the same in the mlm world.
Cost of Ownership: You have the opportunity to participate in a lead generation service. This is a great benefit but it is not cheap. Thus the cost
to build this business can be very low or pretty high. The name of the game is to build your business to a level big enough so it will pay for all the
marketing efforts. So one might think taking advantage of the lead-gen system would be wise, but that depends on your budget.
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