For many looking into joining a network marketing opportunity, the most difficult part of deciding whether to jump in or not is evaluating the compensation plan. Network marketing compensation plans seem to be purposefully confusing. Determining exactly how you are going to rise to the top ranks of a company can be a true challenge. Pre-Paid Legal is no different. The company's compensation plan, listed on their site, could be confusing for many.
The Basics of the Pre-Paid Legal Compensation Plan
First, let's take a look at the basics of the plan. For clients, the Pre-Paid Legal plan costs about $26, although it can be less if clients don't choose to get full coverage. For clients, this is a recurring, monthly payment.
Because the payment is recurring that equals a much bigger commission for network marketers. In fact, the commission on a small $26 per month package can range from $50 to $182.50, depending on your level in the company.
Reaching the Highest Levels in the Pre-Paid Legal Compensation Plan
Next, let's discuss the different levels of the company. Everyone starts out at a basic Junior Associate level, and can rise through the 5 ranks to get to the Executive Director level. One can rise through the ranks by building out their three "legs". A leg is essentially an organization that is underneath you, or a group of people that work beneath you in their own organization. Your goal should be to assist those legs in growing their own organizations and helping to boost overall sales. Once you have a Director (the fourth level) in each leg, and a total of 75 sales in each leg, you have reached the coveted Executive Director level. There are a few other ways to attain that level, but that's the most straightforward.
As stated, the Pre-Paid Legal compensation plan can be tough to decipher. But it's not the only tough thing about network marketing.
Finding Success With Pre-Paid Legal
In order to be successful in a company like Pre-Paid Legal, it's important to understand the innerworkings of network marketing. Learning how to drive traffic to an opt-in page, generate your own warm leads, and use the telephone as a powerful tool are all important in building your own business.
Many new representatives make the mistake of selling directly to their friends and family. This tactic is proven to be fairly unsuccessful for a number of reasons, but mostly because the market dries up quickly. With the power of the internet at your fingertips, it could be far more beneficial to learn how to harness that power to your advantage, and increase your downline exponentially.
To learn more about building a successful business with Pre-Paid Legal, check out Pre-Paid Legal Wealth.
About the Author:
Joshua Fuson is a professional marketer, and has participated in the generation of over $14 million dollars in the direct-marketing industry in the past 4 years alone. To find out more about Josh, click here. |