PrePaid Legal Leads – An Overview of Generating PrePaid Legal Leads

Pre-Paid Legal is a company founded in 1972 which provides the everyday person with a variety of legal services for a low monthly fee. The company states that because 71% of American households needed legal assistance in the past 12 months, their services help decrease the costs of expensive legal fees by providing a monthly fee and service guarantee to their clients.

In addition, Pre-Paid Legal offers a network marketing opportunity for those looking to create a home based business.

One of the biggest issues for network marketers is determining where to get leads for their new business. Both seasoned and novice marketers often rely upon friends and family to begin their business, and once their “warm market” is completely tapped, they get frustrated, and oftentimes, quit. This article aims to describe the opportunity with a company like Pre-Paid Legal, and also discuss the various ways that Pre-Paid Legal leads can be obtained by any network marketer.

How Pre-Paid Legal Works

Pre-Paid Legal works much like medical reimbursement plans or HMO’s. “Members” purchase a legal expense plan for around $26 per month, and receive access to legal services. Right now, the company serves about 1.4 million families in North America.

Network marketers can join the opportunity by investing $249 into the company. In return, reps are give sales aids and support, field training, home office support, marketing supplies, and online associate services.

How to Get Pre-Paid Legal Leads

Although joining the opportunity is fairly low-cost, one of the biggest questions that new network marketers end up asking themselves is, “How can I recruit more members into my downline to really make money?”

It’s true that you need to build a deep network of representatives to make this type of opportunity worth your while. But how can you reach these untapped markets of people who wish to be home-based entrepreneurs?

First, it’s important to understand the difference in paid and unpaid leads. Paid leads can be purchased in bulk from lead-generating companies. This can be a good option for extremely busy people with plenty of capital. But the danger of paid leads is that you never know where they came from, or how they were generated. There have been may horror stories of network marketers forking over big bucks for leads, only to learn that those leads weren’t warm, or they had already been tapped several times by network marketers before. That’s simply a waste of time and money.

Getting leads yourself depends on a few things. First is a strong web presence and an understanding of basic SEO and traffic driving. Second is fantastic web design. Once people find your site, getting them to opt-in with a great site design and incredible offer is key. A third element is social media, blogging, and forums. Becoming a part of an online community is a great way to spread word-of-mouth about your opportunity, and reach out to those who are looking for an opportunity like yours.

Ultimately, most newcomers (and even seasoned reps) struggle with lead generation, and it truly is one of the most important aspects of building a successful network marketing business. But it’s possible to learn these skills and build up the techniques necessary to create high quality leads yourself. By leveraging your online presence, you can learn to reach thousands of people each day and add representatives into a profitable downline.

Better Legal Billing: Win Win Client Options

In the old days of legal billing, lawyer’s invoices — usually a single page of elegant letterhead–contained only the phrase, “legal services rendered,” and a hefty dollar amount. No time breakdowns, no list of activities performed or equipment and supplies used–just a final, usually shocking, charge.
But client demands and the evolution of sophisticated billing software have led to more detailed invoices today. Itemized statements have triggered discussion among businesses about whether hourly billing is the best way to be charged for legal services. As the legal profession becomes more competitive and dependent on high quality customer service, lawyers need to embrace alternate billing methods.
Fixed or flat fees, contingency fees, non-refundable retainers with discounted hourly fees, blended hourly fees and variations on those themes are becoming increasingly common. But many law firms have been slow to join this trend — lawyers still perform approximately 95 percent of their corporate legal work on an hourly basis.
What does that mean for your small business? If your company is currently working with a law firm or looking for legal counsel, try requesting alternate billing options. While many law firms rarely initiate different options, they’ll negotiate when brought to the table. If you want something better than the old “bill by the hour” deal, try presenting one of these billing structures:
Project billing for routine issues
If your legal needs include large but repetitive tasks, consider a flat-fee approach, also known as project billing. If you need legal assistance on a large research project involving several repetitive tasks with a fair amount of predictability for cost estimation and time duration, request a dollar cap for predetermined services. Be sure to compare estimated costs at the equivalent hourly rate–a projected cap that far exceeds any likely bill is really no cap at all.
Once you get a project billing estimate, don’t hesitate to shop around. Making an informed decision — shopping around, comparing prices and services with other law firms — is good business sense, especially if you intend to hire a firm for a single project. If you anticipate establishing a long-term relationship, mention this as you’re negotiating a project amount — a firm may provide a better deal if it expects future work from your company.
Results-oriented options
Forget the image of personal injury attorneys taking a third of any verdict or settlement. Consider instead contingency fees — fees based on the outcome of the case and the performance of your counsel. Creative use of contingency fees can create efficiencies in even the most high-level corporate settings. If you retain a lawyer to help your company avoid litigation, couple a reduced hourly rate with a bonus for successfully lowering your litigation outlays.
You also can establish an incentive based on a percentage of money won or saved in trial. If you’re a defendant in a case where the plaintiff has a strong shot at a $1 million settlement, negotiate a flat fee if the case goes to trial, plus a bonus if the plaintiff ends up getting less than $1 million. If you’re a plaintiff and estimate your case is worth between $1 and $2 million, you might negotiate services for a flat fee plus a percentage of any settlement over $1 million.
Contingency fees turn the matter into a shared risk or shared incentive, making the law firm your business partner, not just representation. Contingency fees can work well with both flat fee and reduced hourly fee arrangements. Because a number of variations on the “pay-according-to-success” theme exist, you should ask firms for the options they’re willing to discuss.
Multi-layered tasks
If you’re shopping for a firm for substantial legal work involving a number of legal specialties, consider using blended hourly fees. Rather than each attorney billing at the usual hourly rate, the firm calculates in advance an “average” rate based on the anticipated time each attorney spends on the matter.
The value of this arrangement is twofold–it helps define responsibility in a project and it provides a fair price schedule for the client, who avoids paying a senior partner’s hourly rate for research that should be conducted by a junior associate
Legal “Insurance” Firms without in-house counsel that frequently hire legal services might consider contracting with a firm. In this legal billing option, firms and clients agree to a specific charge per month in exchange for a predetermined set of legal services. The contract fee permits the client to pick up the phone and talk to the attorney without needing to eye the clock. This approach works like a legal insurance policy. It encourages companies to contact their counsel on non-litigation, non-crisis matters, and to save money in the long run by engaging in more preventive legal action.

Just as in business, the impetus for change comes from consumer demand. The sooner businesses take the lead in securing more effectively tailored billing methods from their legal counsel, the sooner they’ll get better, more cost-effective legal assistance.

Investing $1 Million Dollars That You Do Not Have Yet

Why would you want to try and invest $1 million dollars that you do not as yet even have? Is it even legal? If you don’t have $1 million dollars how are you going to invest it anyway? The answers to all these intriguing questions and more can be found in this article, so read on…

First of all to answer the “why”

For the return of course. If you were able to invest $1 million dollars, even a 5% return would equal $50,000 dollars. Getting a 5% return is not exactly a difficult thing, you could simply put the million in a bank for a year and receive that $50,000 profit.

When considering wealth building strategies and your financial goals, a creative approach is sometimes necessary to create the returns we seek and borrowing a million dollars is one way to increase our returns. There is however, a problem. If you did find someone willing to lend you $1 million dollars, they would without a single doubt expect a return for the time frame you have borrowed that million, usually along the lines of what a bank would charge which would be in the single digits percentage.

Clearly if that is the case, we are backed to the wall, because the profit we expected from that million just transferred to the owner of the million leaving us with a futile look on our face. But what if, instead of you borrowing a million in cash, you legally borrowed equity or value.

This would be a different twist on the same concept. Let us say, we look in the local paper and found a riverfront mansion for $1.2 million dollars. You have kept your eye on the upper market for riverfront mansions and have concluded, that this house is being offered for sale cheap. It could easily fetch $1.4 or even $1.6 million because it has a boat harbor and also 20 rooms and well maintained gardens.

This value that you see and the remaining opportunity to collect a further $200,000 to $400,000 dollars on your insight about the true value of the house can be accessed and used to control the property for a short time. By using a legal instrument like an offer to buy.

Simply put, you place a token deposit and explain you have every intention to purchase on behalf of a buyer or friend, it is not their business what the actual arrangement is, all their side needs to know is that they are getting the possible opportunity to sell. You offer them what they are asking for the property and in the contract you may escape the contract if the new buyer decides he doesn’t want the house. In this way you can walk away if you fail to find a buyer at a higher price than the contract price. If you do find a buyer you can do a double close.

This is one way to borrow a million dollars and invest it for a return without actually having a million dollars in the first place.