The home business industry has been mired in controversy for the last few decades. Years back folk used unethical practices to get others bought in ponzi scams. People who got in at the start may become hugely well off with very little work, but as time passed the pyramid would finally collapse and people who started at the end would be out of luck. The good news is the govt cracked down on these schemes and they’re now illegal. The MLM industry now has lots of guidelines to make sure firms stay legit and everybody has a fair chance at making money. Sometimes illegal firms do pop up, but are generally fleeting.
You are most likely trying to find a legit way to make a home based income, so you’ll have to learn if there’s a Prepaid Legal scam or not! It is usually best to collect your info from an external source to be certain it’s not a scam. I will let you know here that I am not connected with Prepaid Legal, so I can show you if there is really a Prepaid Legal scam.
First off , what exactly comprises a scam? According to Dictionary.com a scam is:
A deceptive scheme, or a fraud. You will discover a scam in the home biz industry by running one or two easy checks.
How are you able to get a commission?
Any company that gives its associates a proportion of the joining charge they charge new associates, would be considered to be a scam. This ruling is a simple result of the old ponzi operation model, where money was only changing hands when a person wanted a place in the pyramid, but no products got sold. This meant that at the end somebody always lost money and had zero to show! So now a company Needs to be based on product sales and the distributors are really salespeople. You’ll often earn some kind of special bonus on the first sales to a new associate, but an order needs to have happened. Luckily , Prepaid Legal does not share their enrollment fees. So Prepaid Legal is ok on this point.
Another way to have a look for a Prepaid Legal scam is to see if you’ve got to purchase products?
One way that sneaky companies attempted to find a way around the no cash without product purchase barrier for their distributors was to make them buy products themselves. For a period of time members had to make minimum orders in order to receive a check. This practice isn’t just unethical, it is illegal. Each company has to provide some way for you to be accepted for compensation regardless of if you choose not to purchase anything yourself. Often there’s an inducement to buy or go on an autoshipment because it means that you’re going to qualify more easily for payout and is the easiest way to make sure you STAY qualified, or get the most money out of the comp plan. But there should be a level of retail sales that will allow you to be accepted for a check.
In the case of Prepaid Legal, you are not required to make a purchase to participate. They strongly recommend it, and honestly, if you don’t purchase the products and get to like them yourself how does one plan to persuade others to?? At least we will be able to definitely say there isn’t any indication yet of a scam.
Earnings declaration.
The revenue disclosure Has to be there for a company to be covered legally. Its presence is a great indication of how much the company cares about staying legal! Other than it being there. I typically do not worry too much about its contents as statistically 95% of MLMers fail because they treat their business like a spare time pursuit, not a business, and they do not tend to put in consistent steady work until they achieve success. You will find an income disclosure for Prepaid Legal on their website!
So Prepaid Legal Scam? No. Opportunity? Perhaps! As with all MLM companies you’ll only be successful in Prepaid Legal if you have a good system and the right MLM tools in place and coaching on how to market. So many folk in this business quit because they do not know how to get leads and they throw their money away on poor advertising. Do yourself a favour and learn an easy strategy on how to market and. Build a solid home business before you commit to Prepaid Legal!
If there had been a Prepaid Legal Scam the company wouldn’t have survived the test of time as it has , but it needs to advance so as to keep up with the more potent tools for MLM promoting that are generally available today. There is only 1 tool that I know of on the market today that you can use to promote any network marketing company, will supply up-to-date training from top industry leaders in all promoting methods, tried and tested autoresponders, all of the tools obligatory for success, and programs to help you create instant cashflow, and that is My Lead System Pro. It can not only assist in your success in your network marketing business, but provides one tool to provide your team members to ensure they are fully set up for success in their own business.