The NYSE And PrePaid Legal

Probably one of the first things you learned about Pre-Paid Legal Services, Inc is that it is listed on the NYSE.

While it is true that a New York Stock Exchange listing has historically been a globally recognized signal of strength and leadership, we know from recent experiences that not all companies listed on the NYSE are strong OR have good leadership!

Think Enron, AIG, General Motors, Chrysler…and the list goes on and on! Are these all good solid companies with strong leadership? Ahhhh, no! So personally, I no longer give much credence to a NYSE listing.

Strength And Leadership

Is PrePaid a solid company with the right leaders? In my opinion, the answer is an unqualified yes to each question! The real question should be for anyone reviewing Pre-Paid and looking to join their sales force as an independent rep, would be this: Is PPL still a good money-making MLM business opportunity?

A less obvious but maybe more relevant inquiry, would maybe be this:

How hard is it to build a Pre-Paid Legal organization and how do I make money?

Contrary to what anyone tells you, not everyone can do Pre-Paid Legal! You’re better positioned for success in Pre-Paid if you have some background in sales & marketing. A sales background is a definite advantage particularly in marketing the PPL group and small business plans! Without some selling experience, perhaps building a downline team is the best course of action, and even that can have its difficulties!

For years now Pre-Paid has stated that they will shortly be a household name and that millions upon millions of Americans will own a legal expense membership. While the possibility remains, I'm not so sure that it will happen anytime soon. In fact, I'm not sure it will ever happen but it seems to be part of Pre-Paids mantra.

Some due diligence will reveal that both membership sales and new associate enrollments were both down slightly at years end, 2008, according to Yahoo Finance. The number of Pre-Paid legal memberships sold in the U.S. has remained fairly constant at around 1.5 -1.6 million for a number of years now which I believe is indicative of the 'churn' of PPL membership sales. Meaning new sales just offset those that fall off the books which will prevent any sudden boom to membership sales anytime soon!

Personally I think the Pre-Paid Legal product is an excellent product with great value and everyone should own it! Truth is though, it is a tough sell for most reps that do not have the determination and persistance to stay with it long enough for the money to start rolling in!

I also think it's a hard sale since most people live their lives having never felt the need to use an attorney, except for the obvious divorce etc. Therefore they fail to see the value in owning a membership with a monthly fee attached that provides them with access to an attorney for a variety of resons!

So the question remains, Is Pre-Paid Legal A Good Opportunity Or An MLM Company Whose Time Has Come And Gone?

Actually I believe PPL is a great company with an equally good business opportunity for individuals possessing the traits that would make them successful at whatever company they chose to align themselves with.

Are there other MLM companies with business opportunities that are easier and more fun to do than PPL and potentially offer greater income possibilities? I would have to say "Absolutely!"

Check back often or better yet, subscribe to one of my RSS feeds to get my reviews of those other companies!

About The Author:

About the Author:
Dan lives in Tucson, Arizona with his wife, Laura and uses Attraction Marketing techniques from MLM Lead System Pro to grow their MLM business online. To see how easy it is to have your own Attraction Marketing System online, visit Dan And Laura's Viral Marketing Webpage Seeing is believing!

Article Stars: http://articlestars.com

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated