Prepaid Legal Services Inc. - Identity Theft Shield - Review
By: Jim Green
Submitted: 2009-12-12 16:03:22 | Word Count: 583
In this piece we take a look at one of the top network marketing companies in the US, Prepaid Legal Services, Inc. We evaluate the company and one of their leading products and also offer some suggestions for current associates or those evaluating this company in an effort to beat the recession with a home-based business.
Prepaid Legal is a publicly traded company, having been started in 1972, as the Sportsman's Motor Club. Harland C Stonecipher was faced with substantial legal expenses due to a motor vehicle accident and understood firsthand the necessity for a plan "covering" others facing comparable situations. The Prepaid Legal concept is similar to an indemnity plan, covering the often large unexpected expenses encountered in using a lawyer.
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Now, Prepaid Legal Services Inc. is listed at MLMRankings.com as the #28 Percentile Ranking MLM corporation in Internet popularity. Lately its popularity ranking increased by 69.5%, which was the second fastest gain among all MLM companies. We advise that you go to the site for present ranking listings. In selecting a good home based opportunity it can be of benefit to be an establlished, trendy "brand."
Recently, Prepaid Legal introduced a product known as Identity Theft Shield. This product is designed to meet the mounting needs of individuals to prevent stolen identities. It is now generally suggested that every individual systematically look at their credit report. With Identity Theft Shield, you obtain immediate notices if any new accounts are opened in your name or if derogatory notations are added to your credit report.
Identity Theft Shield was awarded a 3 Star rating by NextAdvisor.com. Quite a few similar products were rated higher, including TrustedID, LifeLock, and IdentityGuard which all garnered 5 Star ratings. These top products all take more pro-active steps to prevent ID theft. Identity Theft Shield takes no pre-emptive action other than to warn you of changes.
Prepaid Legal Services Inc. is a well known and popular network marketing business with an established product niche. It is therefore an adequate selection for many in starting their own home business venture. Although there is no product similar to its core services, its newer Identity Theft Shield product appears to face significant marketplace challenge.
Finally, we have suggestions about the best leverage of PrePaid Legal Services Inc. as a home-based business mechanism. Similar to any network marketing or MLM company, a referral-based methodology is recommended. Those familiar with MLM already have been given the guidance of building an inventory of friends and family in your "warm market" and then to contact them about the business opportunity or products. This timeless advice is still valuable, however further marketing sources are usually needed once the initial list has been exhausted. Additional strategies often include purchasing leads and other forms of advertising, in addition to working to increase "warm market" contacts.
To enhance these strategies we encourage, train and empower associates from many MLM companies in "attraction marketing" and advertising online. The idea is to leverage proven systems from internet marketing for MLM businesses. Two distinct methods which we have found great success with and recommend include online content marketing, and video marketing.
In this piece we take a look at one of the top network marketing companies in the US, Prepaid Legal Services, Inc. We evaluate the company and one of their leading products and also offer some suggestions for current associates or those evaluating this company in an effort to beat the recession with a home-based business.