Every creative has at some point had to balance the uncertainty of inconsistent income with the freedom from a 9-5 necessary to pursue their passion. Especially in a gig economy, like the modern COVID-19 landscape, gigs and side hustles have become an essential way to put together income for the laid-off, furloughed or under-employed.
Enter referral programs. They are totally ubiquitous. Google’s G-Suite has one. Dropbox has got one. BIGtoken has a brand new one with new rewards. One of the most lucrative, and oldest referral program is via online legal service, Legal Shield.
About Legal Shield
Legal Shield has been around since 2011, when it was re-branded from a previous entity called Pre-Paid Legal Services (née 1976), which was the first company to offer pre-paid legal plans in the US. According to Wikipedia:
LegalShield develops and markets pre-paid legal service plans through a network of more than 6,900 independent provider attorneys across the U.S. and Canada. The company also markets an identity theft monitoring and restoration service through its partnership with Kroll Inc. The company’s membership plans are sold as employee benefits and directly through its multi-level marketing division.
For the legal plan and ID shield, the monthly subscription is about $50
So, like a typical referral program, associates are paid not only for the subscriptions they sell, but also for the subscriptions sold by associates they’ve recruited. This creates a network of revenue generation, such that higher level associates are just as much team managers as they are salesmen.
We spoke with a Legal Shield Associate
Legal Shield Associate and former Merrill Lynch advisor, Hash Patel, offered up his perspective on how using a program like this can free your time up to pursue your passions.
“In the entertainment industry, you need NDAs, phones, contract, I set all of that up through Legal Shield. This [affiliate program] lets me work from my phone or laptop, any day, no matter where I am. Sometimes I wake up to notifications on my phone saying ‘You’ve got $1,000’ from the sales team that I manage.”
How much do Legal Shield referrals pay?
Commissions for recruiting associates and clients increase the further you go up the associate hierarchy. Whereas a relatively new associate makes $60 for signing up someone to a $50 monthly plan, an Executive Director ,with an already massive network, can make $280 for that same sign up. The full hierarchy, as featured in the Make Money Webinar is below.
For more, here’s Hash’s appearance in our Make Money Online webinar. Full webinar is linked below.
And here’s the full webinar.
Full Transcript
Hash Patel is a former currency trader
with merrill lynch and a financial
adviser he has been able to find some
freedom in his life to be an entertainer
and actor writer and a comedian mostly
due to a service called LegalShield
which is an online law firm that has its
own referral program how you doing – I’m
doing great Russ thanks for having me on
today yeah thanks for coming here can
you give us a sense of how you
incorporate LegalShield into your life
and how its given you the freedom to
pursue your you know your passions well
it’s a great product so I love using it
and as you know in the entertainment
industry you need NDA’s and forms and
contracts I get all that through
LegalShield have to worry about finding
a lawyer and it’ll be the freedom to do
acting comedy right do whatever I can do
you know how those schedules can be just
erratic so this I can work from my phone
or my laptop wherever I’m at and it
doesn’t matter where I am and time or
day and you know we’re in UK and we’re
also in Canada so time zones are not a
problem as well that’s great
so on this next slide we had this
referral structure that Legal Shield has
and there are different rankings based
on how many people you’ve signed up for
the service can you give us just a quick
sense of how that works no uh when you
come in as an associate your first sale
you’d be selling the product and you
know the top total would be forty nine
ninety so let’s say fifty bucks and your
first mission would be $60 so after that
if you do a couple and you rank up to
each level as you can see you’ll be
getting $120 for selling something for
50 140 you don’t ask you to see there on
the slides and it just keeps increasing
for doing the same job when you pay hash
when you say selling something for 50
you mean that the subscription service
for people who use Legal Shield is about
50 bucks a month is that how it works
that would be for the legal plan and
also the ID shield which monitors your
social media your bank accounts and your
credit cards and all that kind of stuff
so your identity theft protection
basically gotcha so it sounds like a
very useful service and a bunch of
different
filling your legal needs and if you’re
selling it you get these levels of
commissions so that’s interesting
so I mean what
to get to these top tiers what do you
need to generate in terms of people and
the amount of subscriptions that you’re
selling based on two things one the
amount of memberships that you do I
think in the first level it’s a three
memberships and one associate so you
also bring in a team member you’re
starting to build your own Empire so
you’ve been building people underneath
you to advance and you can’t advance
unless you help your team also advance
so it’s kind of one of those things
where you’re like oh you’re just gonna
make money off me
yes I will make money but you’ll while
you’re making $120 per sale I’d be
making make me 20 so sometimes I wake up
and I look at my phone I have
notifications that been directly
deposited into my account and they’re
like oh you’ve got $1,000 $2,000 $7,000
from my team working though it’s I was
helping each other out
so you’re basically a sales manager
except that you’re working remotely and
you’re doing it on a schedule of
whenever you feel like exactly like that
so it’s great I love that super
compelling that’s great any final
comments about Legal Shield and how you
found it affecting your life and your
you know the type of people that you
look forward to recruit for Legal Shield
well we look forward to anyone really
like there’s a great story about a
mailman who was just going around you
know he’s doing his mail route all the
time and then he found Legal Shield this
guy is worth 20 million dollars now
imagine that if you’re a mailman and you
found this and you just you gotta have
the hunger and some motivation and you
know it depends on how much you want to
make and how little you want to make
it’s up to you really it’s a great way
to change your life