Why Legal Shield?
When you consider Legal Shield as a home based business you must understand that there are a wide variety of service based products that are available to the public via the MLM model. If a person wants to start a MLM business of their own, there will be no shortage of products and services to choose from. However, one product that has been going strong for almost 40 years is a product that offers legal services on a pre-paid basis. The name of the brand was called Prepaid Legal until very recently. Now the product brand is called Legal Shield.
Understanding the Prepaid Legal / Legal Shield Product
The product offers consumers the ability to subscribe to a monthly legal plan of sorts. How it works is that the consumer pays a monthly membership fee in order to belong to the program. When they join, they get a membership card, and they receive a listing of attorneys that are in their state, and in their area. These attorneys have agreed in advance to service Legal Shield members. The types of practices that the attorneys operate varies. However, members will be able to find attorneys who specialize in the most popular types of practices such as divorce, family law, incorporation, etc. The benefits of people becoming members of this company is that they receive deep discounts on their legal services.
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As a matter of fact, members will receive certain services for free. For example, members will be able to receive at least one free phone consultation. They will be able to receive at least one free face to face consultation with the attorney. And, they will be able to receive services such as a free document review. These services might seem trite, but attorneys can charge hundreds of dollars per hour for the same services.
Attorneys who affiliate themselves with this company feel that its worth it to dispense their services at a discount because the sheer number of members who subscribe to this program will make up for any high fees lost on a client. In short, when an attorney affiliates themselves with this program, they will have access to thousands of possible clients who would have never been available before by common advertising means.
Is Legal shield A Good Opportunity Or A Waste Of Time
With regards to whether or not This is a good opportunity, there are pros and cons to consider. On the one hand, legal services is a product that is needed by everyone at one point or another. A person doesn’t have to have something going wrong in their lives to hire an attorney. For example, a person might want to start a business, and they’ll need a lawyer to incorporate themselves. Or, a person might need to draft or update a will. A lawyer will take care of this as well. Then again, with an over 50 percent divorce rate in this country, divorce attorneys will never be out of fashion.
Why Did Prepaid Legal Services Change Their Name To Legal Shield?
The fact is that legal services is a solid product to promote to consumers to sell. It’s for this reason that Legal Shield is a great business opportunity for those who would like to start their own business. On the other hand, there are slight cons. For one thing, when Legal Shield was known previously as Prepaid Legal, there were lots of SEC complaints and investigations. The company changed its name in order to lose the negative reputation that went with the brand. In addition to this, the company transitioned from a public-owned company to a privately owned company. This was done to eliminate the financial transparency that was available before.
So, is it worth it to join as a network marketer? The product is solid. If the marketer doesn’t have issues with marketing this product or with recruiting sales staff for a product with a troubled past, then this opportunity is probably worth it.
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