Failing? In Pre Paid Legal ? Could It Be A Simple Answer?
Lets start with some information about what Pre Paid Legal is? Secondly , lets dive in head first into why most are failing .Pre paid legal offers a great product idea , in which you pay a monthly fee and your able to get legal advice from an attorney. Also with the back end MLM of selling these services to others. This brought them into the industry of MLM. The fees vary but are not expensive for what your getting it usually is about $20-$30 a month. The basic idea is that you have an attorney on retainer by just a phone call. The services they offer vary, from having a trial defense lawyer , IRS legal advice, or just a simple telephone consultation. They have been around in the industry for many years. Spite the complications , and complaints.Complaints varying from that they don’t cover enough to the point of people saying they are being scammed of their money.
Recently, There have been having many complaints. They have also had enough complaints recently that the FTC is getting involved in the situation. Question here is ? Why if there product is so great and so needed in this country , Why are so many people failing with this company?
Pre paid legal is a publicly traded company. Being that they are publicly traded quarterly data is required to be reported. Which makes it know to the public. There were some very disturbing and literally draining facts reported in the 3rd Quarter of 2009. The facts are the facts and they report that roughly 85% of their entire sales force either fails or quits without ever making a sale. Scary ! There is also a slim margin making up 2% of the company that only make about 10 sales per year. Pretty Scary for any company.
But for some reason their sales force isn’t lacking? It’s still strong and very populated, Is still well over a million people in which those are making massive amount of money. Practically on demand? So the real question is? If there are so many people still making loads of money then why isn’t everyone. Actually thats a real simple concept once you understand a little about network marketing.
Why Doesn’t Everyone In Pre Paid Legal Make Money?
First i will also say they are great company just teaching some of the wrong techniques. Now !
It is all in their strategy and the platform that they use. Their primary marketing strategy is a proven way to make money in this industry. But it is a little ‘old school’ if you get what im saying. Network marketing began on these strategies and they are still using them . That is to make a list of all your friends and family and pitch them your product. Some people are being taught the right techniques and some also learned through the school of hard knocks. You are realistically selling something that most of them truly don’t want. You are taught being in Pre Paid Legal thats what works best.They aren’t the only ones using or preaching this technique either. As well as the product or service on the front end. You can also become a sales rep and earn commisions on people you sponsor into the company.
This can be a very effective way of marketing and has been proven to work for many, many years and can still work. For the average person this is usually a very difficult way to make money. It simply does not work for everyone. This is based on your influence and what they call your warm market. From person to person this can be dramtically different. Some people have none of this. This is where the issue begins.
Honestly speaking this doesn’t mean you can’t make money in Pre Paid Legal. Some people have a huge circle of influence and wamr market as some simply don’t have any at all. So what do you do if you have just joined Pre Paid Legal and marketing like this quickly comes to an end for you? Marketing Strategy change like now ? Well if you are wanting to make money. The most innovative and new techniques you will find will be the best marketing strategy you can find. Attracting people to you and your company is what your in dire need of. This is called attraction marketing. You become a leader in your own right and brand yourself as a leader. What you have or have learned becomes an asset to others in achieving their own success. A key to your success is a system that automates this for you . This starts to attract 50-100 leads a day on almost auto-pilot.
People begin to be attracted to you as a person using quality content. They sign up to learn success from you. Are you wondering well how do i do this ? These people sign up your list and become seekers of what you have to offer at any time you choose. Learning list creation and lead generation is how you begin to never run out of people to offer your product , service , Or opportunity too. This list beco
Leave a comment