Online twist for Prepaid Legal reps

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 10, 2009 -- The Fraud Discovery Institute Inc. (FDI) recently reported that Pre-Paid Legal Services Inc. (PPD) (NYSE:PPD) third-quarter numbers reveal 85 percent of PPD's sales force quits or fails to make even one sale annually; 2 percent of the sales force makes 10 or more sales annually.

According to FDI co-founder Barry Minkow, "The 2009 third-quarter data released today by Pre-Paid Legal Services further confirm the analyses our expert Robert Fitzpatrick has presented over a two-year period - that of a pyramid selling scheme in ultimate decline."

However, PPD reported that newly recruited Associates as a proportion of total Members at the end for the third quarter of 2009 grew from 8 percent in 3Q08 to 10 percent.

Online Business Coach Sandeep Nath attributes this dichotomy to the increasing reliance of PPD reps on online business systems. “As more reps learn online business techniques – such as those taught at www.ArriveAtSuccess.com – recruitment goes through the roof and retention improves. PPD reps get multiple sources of income online to fund their primary business building endeavors. This is an exciting trend a sure strategy for PPD’s leadership to benefit from.”

Previous analyses have noted that PPD is unique in the legal services industry for its extraordinary cancellation rates, traditionally viewed as a result of misleading or over-hyped sales.

PPD tracks cancellation with an arcane and obscure "membership persistency rate" which blends both attrition and recruitment. This measure declined in 3Q09 from 73.5 percent to 72.6 percent for the 12-month period.

Expectedly, the online business system at www.ArriveAtSuccess.com will turn this around as well.

More information can be found online at http://www.ArriveAtSuccess.com?t=fprppl

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