Pre Paid Legal Opportunity

The Basics

Prepaid legal is essentially an Multi-Level Marketing (MLM) opportunity that allows the independant distributor to sell pre packaged legal services. The company also markets identity theft programs along with packages for businesses. The company has been around since 1969 and is traded on the NYSE under the ticker symbol PPD.

Watch the Pre-Paid Legal Video on Becoming a Distributor

How to Make Money

Although some distributors just sell the services, the true money is in building a network of people that are building more networks of people. At that point you will make overrides and you can easily make 6 figures. There is a large group of distributors that make over one million dollars a year from their residuals.

Another way to make money is in the straight sale. When a cusomter signs up for a one month membership, the distributor gets an advance that is as much as 6 times the monthly fee. Then each year the distributor is given another residual for existing customers that stay on. If you sale 50 memberships a month, then you can be making up to $200 per $29 membership. For business memberships you can make almost $500 for each one sold.

Getting Paid

Distributors can choose to get paid by check or direct deposit. The best quirk of this program is the daily direct deposit. If someone signs up through your online portal that comes with your membership, then you get the full commission in your bank the next day.

Summary

Being a lawyer myself, I think the business opportunity is pretty sound since I used to bill out at over $450 an hour.