Like many network marketing companies, Pre-Paid Legal has a compensation plan that seems to be written in another language. It’s a bit hard to understand at first glance, but this is a decoded version of the complex plan. The goal for any network marketer considering joining a new opportunity should be to first fully understand the company’s compensation plan and determine if an opportunity to make money actually exists.
The Basics of the Prepaid Legal Compensation Plan
The basic package offered by Pre-Paid Legal costs $26 per month for the end user. With this, they receive a myriad types of assistance with legal matters, ranging from moving traffic violations to wills and estate planning.
For selling this basic membership, reps earn between $50 and $182.50, depending on what level you are at in the company. This number seems pretty high for a simple $26 bundle sale, but the key is that it’s a recurring payment. Instead of a one-time payment, these customers pay each month, creating a huge profit for both the company and the reps.
There are five levels of “associates” in the Legal Prepaid compensation plan. First, there’s the Junior Associate (who makes just $50 on a basic $26 plan). Ranks rise to Associate, Senior Associate, Manager, Director and Executive Director, who earns the highest level of $182.50 on the sale of the basic package.
To reach this highest level of Executive Director, you must have 3 different “legs” or groups of representatives under you. Within each of these groups, you must have a total of 75 sales and at least one Director in the group. These sales can be split: you can personally make all 75 sales, or you can use 25 sales from other members in your “legs” that contain at least one Director.
The idea, as with every network marketing opportunity, is that the more people you recruit, the more active each stage becomes as more and more people are recruited. Being able to build your downline to large numbers (in the thousands) is crucial to reaching the highest levels of the company and creating real, passive, and residual income for you and your family.
How to Get to the Higher Levels of the Prepaid Legal Compensation Plan
To achieve this level of success, reps will need to understand how to harness the power of the Internet to reach thousands of other reps and potential customers. This is the key, because you cannot achieve success simply by having family and friends participate.
It’s not hard to learn the skills to build your downline. With the help of experts, it’s possible to learn the keys to making great phone introductions and connections, creating a great subscription page on your website, and generating leads that make it easy to build your business every step of the way.