Every day, professionals talk to people and businesses who need help with something they don’t handle or, who can’t afford to hire them. In the past, all you could do was turn them away and wish them good luck. Today, instead of turning them away, many professionals are sharing and then signing them up for a legal plan. The person or business in need gets some help and the professional gets paid a commission.
How To Make Money From People Who Don’t Hire You!
Each week, I’m contacted by people and companies located around the country. They have legal questions and legal needs. They need help but don’t know what to do next.
This happens because of my marketing and branding on social media. My audience is no longer local, it’s global. And with this new global audience comes new ways to help and expand my business services.
This is why I’m sharing this post. To show you how to add the LegalShield service to your weekly business efforts. While I am only licensed in California, this service allows me to build a complimentary business that is nationwide.
It doesn’t take a lot of time. You’re speaking with them anyway. All you have to do is send them to your legal plan web site to get information. When they sign up, they get help and you get paid.
Several companies offer legal plans, but there’s only one that I recommend. It’s called LegalShield, and they are the leader in the industry. A good friend of mine for more than twenty years, David Ward, who’s also a lawyer, has had his family Membership for many years and uses it all the time. I have a plan for my family too.
David and I have both selected to affiliate with LegalShield instead of other companies for several reasons:
- They’ve been in the business over 40 years and are available in all 50 states and 4 Canadian Provinces
- They are an established service with 1.6 million members in 50 states and 4 Canadian provinces
- They offer plans for consumers and small businesses; their plans are also offered as an employee benefit at tens of thousands of companies
- All areas of the law are covered; all legal services are provided to Members for free or at a 25% discount
- Their plan covers the entire family for as little as $20/mo. A small business can get coverage for as little as $49/mo.
- They are the only company with a “closed system” (i.e., not referrals); this allows them to maintain quality control
- Nearly all of their provider law firms are top AV-rated (best in ability and ethics)
- They also offer one of the best identity theft protection plans available
First, Here’s a Bit More Information About the Plans and Coverage
Since David has been doing this much longer than me, let’s use him as an example.
Over the years, David has referred hundreds of people who have signed up for a LegalShield plan, including a lot of professionals. He believes it’s a great value. Even if you don’t want to sell the plans you may want to consider getting a plan to protect your family and law practice just like David and I have. Click here to see what the LegalShield plan membership page looks like. This is the page you would send people and businesses to who need legal help.
Commissions and Passive Income!
How much can you earn doing this? You can earn a few hundred to a few thousand dollars a month on a casual basis, simply by referring people to your LegalShield website. Or, if you put some time and effort into it, you can earn a six-figure income, as David and other professionals have done.
The best part is that commissions are residual–you get paid every year the client renews their Membership. Residual income allows you to build a retirement income. The residual income aspect of this business model is what appealed to me. Although many friends of mine earn a lot of money as professionals, most are not putting away enough cash for retirement. The LegalShield business model will allow them to now do so and build that retirement income.
In David’s first month as a marketing Associate with LegalShield, he signed up a few people and earned an extra $300. No, not a lot of money, but by his fifth month, he was earning an extra $3000 a month on a part time basis. Within a few years David was earning more in his “little side business” than many professionals earn in their full-time job or practice.
David didn’t earn all that money himself, however. He signed up a lot of other professionals who heard what he was doing and wanted to do it, too. The company now pays David a percentage of all the business he signs up (an override). The professionals David signed up signed up other individuals, and professionals, as well as insurance agents and brokers, real estate and mortgage brokers, financial planners, business owners, their clients and personal friends, and as this network grew, so did his income.
We can do the same thing. I’ve already started!
Some professionals want to know if this represents a conflict of interest. My answer is two-fold. First, check with your state association or professional society regarding possible ethical issues. David and I are based here in California and between the two of us, we’ve signed up professionals in over a combined 45 states so the answer will probably be “no conflict” but you must check this for yourself.
The second part of my answer involves a de facto conflict of interest: if you sign people up for a legal plan, they may use the plan instead of hiring you. This may or may not be true. Neither of us have had a problem with this. I’m personally not interested in handling the smaller matters anyway and so I’ve intentionally incorporated this business model into my weekly efforts.
How I’m Sharing The Service
Some professionals only show the LegalShield membership plan to people they otherwise would be turning away. Some show it to their clients after the initial engagement is completed. Some offer it to prospective clients in states or provinces where they aren’t licensed. Other professionals show it to everyone, trusting that their relationship with their clients, the personal touch (that no legal plan attorney can match) will result in the client staying with them for their primary practice area. Their clients use the plan for little things the attorney doesn’t want to handle.
Depending on the client’s needs and circumstances, I’m doing all of the above. The way I look at it, someone is going to sign them up for a plan. It might as well be me.
So, there you have it. You can earn extra income signing up people who don’t hire you, you can earn passive income by signing up people, potential clients and professionals who want to offer these plans to their clients and friends, and you can build a retirement income for yourself.
If you’re interested in getting more information, click here to see what the LegalShield business opportunity associate page looks like. This is the page you send people to who are interested in becoming part of your business team. By the way, if you like what you see, you can use this same link to immediately join me and get started.
If you have questions, contact me. I’ll answer your questions and tell you more about how other professionals and I have built and are building successful LegalShield businesses.
Make each day your masterpiece!
Mitch Jackson, Esq.
P.S. There are many large companies, with household names, and municipalities, school districts, unions, et. al. who offer the membership to their employees in their benefit plans. In addition, several prominent individuals, who use and endorse the LegalShield membership include the former Attorney General of Mississippi, Michael Moore (filed the class action against big tobacco which settled for $200+ billion); Mary Fallin, former Oklahoma Governor and Attorney General, and Mark Shurtleff, former Attorney General of Utah.
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