Things You Should Know About Legal Shield – Is It A Scam?
Legal Shield is an MLM company that provides legal services to people. The company exclusively provides services through their associates who sign up through their multi-level marketing program.
In this review, we take a closer look at the business opportunity and share things you need to know.
What is Legal Shield?
LegalShield came into existence in 1976 to solve one problem - to provide affordable legal services to people. When you need legal advice, often working with a lawyer can get very expensive and drain your pockets.
In 2011, it was acquired by a company called MidOcean Partners and they named it Legal Shield.
There are a few membership levels to choose from, which come with different perks and services. The number of services you receive is directly proportional to the monthly fee, of course.
With their business opportunity, the members can earn commissions on their referrals and make money with the MLM chain. The services are sold exclusively through associates, and you must get yours through an existing member.
How It Works?
It sports an MLM pyramid structure, and there are two ways with which you can make money with them:
- Selling the product
- Recruiting people
Here's the company's compensation plan for reference. If you sell their products, you're eligible to make 20% commissions (on whole year) but you can lose it all in one go if customers cancel the plan in the first 12 months (for a fact, more than half of the people cancel their memberships).
The services aren't very good and there are hidden fees involved so you must pay extra to get new services which hurts the product's conversion rate.
Recruiting is where the real money is when you get others to promote the product after they sign up under you as an associate. By building a team, you're eligible to earn up to a few percentage of what they make. There are multiple ranks in the system as you would expect.
- Junior Associate
- Senior Associate
- Executive Director
Better 'rank' opens up new income opportunities and your MLM team will widen at the same time. To fancy your chances, you must recruit more people into the system and a certain number of sales.
However, the chances of it working for you are slim because the product doesn't have the best reputation in the world and the refund percentage is higher than what you would like.
Is It A Scam?
Legal Shield can't be considered a pyramid scheme or a scam just because they lack a high quality product. They have a lot of bad reviews and everything, but they do provide legitimate services which a user can consume.
It has been going strong for decades, it definitely is a legit MLM system. If it wasn't, there's no way it would stand the test of time which it has.
That being said, the business opportunity isn't the best you will find and you still need to recruit to make money. Most people hate recruiting, us included. The work to reward ratio isn't the best with network marketing and it's anything but hands off.
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