MLM News Flash: NY Based Private Equity Firm To Acquire Pre-Paid Legal Services In $650M Deal

Pre-Paid Legal

Pre-Paid Legal Services Inc., will be acquired by Mid-Ocean Partners, a NY Based Private Equity Firm by the end of July 2011.

Pre-Paid Legal Services Inc, which offers legal services for a monthly fee, agreed to sell itself to private equity firm MidOcean Partners for $650 million in cash.

The offer price of $66.50 a share represents a 9 percent premium to Pre-Paid’s Friday close of $60.26.

Pre-Paid Legal said its board unanimously approved the agreement with MidOcean on Sunday and that the transaction is expected to close on July 31.

Pre-Paid had said in October that it was evaluating a $592 million buyout offer from an unnamed private equity firm. The company has been considering merger and acquisition offers for several months.

Shares of the Ada, Oklahoma-based company closed at $65.84 on Monday on the New York Stock Exchange.

“We are excited to have MidOcean involved in our efforts to increase the awareness of our consumer and small business services,” said Harland C. Stonecipher, Pre-Paid founder and chairman. “Our entire team is excited about the future prospects of our company and continues to believe, as does MidOcean, that our products offer tremendous value.”

Pre-Paid sells subscriptions to a limited package of legal services through a multilevel marketing network of independent agents. Those salespeople earn commissions on their sales, and the sales of others they recruit.

The transaction is expected to be complete by July 31.

Pre-Paid Legal’s 2010 4th Quarter & Year-End Results

During the 4th quarter of 2010, Pre-Paid’s new sales associates enrolled decreased 54.3% to 28,160 from the 61,623 enrolled in the 4th quarter of 2009 and new memberships produced decreased 20.8% to 117,472 during the 2010 quarter compared to 148,248 for the 2009 quarter.

For the year 2010, new sales associates enrolled decreased 25.6% to 138,442 compared to 186,064 enrolled during 2009 while new memberships produced were 502,982, a decrease of 11.5% from 568,095. Active memberships decreased 4.8% during 2010 from 1,547,585 to 1,473,237. From the 3rd quarter of 2010 to the 4th quarter of 2010, active memberships decreased by 19,896 memberships.

SOURCE Pre-Paid Legal Services, Inc.

Several leaders in the MLM Community are predicting that within 2-3 years Pre-Paid Legal will no longer be a multilevel network marketing company. Only time will tell.


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About The Author:

Rose Mis is the author of “Dead Blogs Don’t Lie ~ 7 Secrets To A Wildly Popular High Traffic Blog” and the editor and publisher of The Frugal Networker Newsletter. She is the creator and Executive Chef of the internet’s only Award Winning Attraction Marketing Training Kitchen. Rose is a top MLM / Network Marketing blogger and regularly blogs at thatMLMbeat.com. You are invited to stop by the Kitchen anytime you have any questions about blogging, marketing or mindset. Rose is here to help you get the results you are looking for as quickly and cost effectively as possible.

Blog: RoseMis.com Forum: MLM News

MLM News Report: MLM Numbers Are Up and Ty Tribble Found A New MLM Home

Ted Nuyten the founder of Business For Home blog reported today that Glen Jensen and Agel may have put there differences aside. I sure hope this is the true. Having looked at the lawsuit it would not help the distributors, Agel or Mr. Glen Jensen.

Here is Ted’s report!

Ted also reported some interesting numbers from My Shopping Genie. This is a company I have concerns on and have listed as a High-Risk direct selling company. But this report is truly eye-opening.

Vemma Re-Opens the Vemma Lounge at the Phoenix Suns Arena.

Read the full report here!

The Latest Direct Selling Numbers Are In: The DSA (Direct Sales Association) have given us great insight into our profession.

http://dsa.org/research/industry-statistics/

http://dsa.org/research/industry-statistics/

MLM Weekly News: MLM and AAA Join Forces, Usana Donates $11 Million and Meet Lisa Jimenez, Dondi Scumaci and Jillian Middleton

Youngevity Mineral Makeup

Gerry Nehra

“Mr. Speaker, I rise today to draw members’ attention to an industry that touches the
lives of many of our constituents: direct selling. Direct selling provides flexible and
convenient earnings and opportunities for over 900,000 of our constituents, 91% of
whom are women. Direct selling in Canada generates $2.2 billion in sales, almost $800
million in personal income and contributes almost $1 billion in taxes.
Direct selling companies give back to their communities, contributing almost $8 million
in charitable causes and that does not include the millions in contributions that individual
direct sellers make every year.
I encourage members to learn more about this dynamic and important industry at a
reception this evening with the Direct Sellers Association of Canada at the Government
Conference Centre.”

Lisa Jimenez

Kozy Toez

Dondi Scumaci

Face Biz Pro

Jillian Middleton

Troy Dooly’s MLM News In Review: This Week We Focus On The International MLM and Direct Selling Arena

This last week 21Ten launched and is already making some pretty big news. Although, the parent company has a 26 year history, and 21Ten is run by Richard Brooke, all of us wondered if Life Shotz would be a product folks would buy. Well I think we all know the answer now. Take a look at the testimonials on this new product. And watch for my own personal testimonial coming soon. All you have to do is Rip. Shake. Live!

Evolv Health is another company which launched this month. Talk about excitement from the field! Without a doubt Evolv Health and especially Trey White came on strong in the direct selling profession, attracting some pretty well known MLM Pros. And, as you can guess where there is excitement, there will be hype, controversy and success. Here is one of the newest videos to be produced by Garrett & Sylvia McGrath, founders of Team Inspirit.

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Ted Nuyten founder of Business For Home has just released his research on the top 20 direct selling businesses for 2011. (Read More)

Vemma Brand Partner, Ruth Elliott Wins Stevie® Award in 7th Annual Stevie Awards for Women

Pat Davis is leading a band of women entrepreneurs unlike those you may have heard of from other direct selling companies. Watch the fun the women of Passion Parties had at this years convention.

[flv]http://passionparties.com/media/flv/Highlight_Edit.flv[/flv]

Now the above is a little off the beaten path. And in doing research for an upcoming series titled “Secrets Men Keep” I ran across another site (non-profit) for women.

The mission of Christian Nymphos is to teach married women to walk in sexual freedom with their husbands, so they will be able to reach out and help free the women in their lives.

Weekly MLM News In Review: Which Company Changed Their Name, and Which Ones Are Making Traditional News?

Weekly MLM News In Review:

Which Company Changed Their Name, and Which Ones Are Making Traditional News?

[youtube]http://www.youtube.com/watch?v=_dOxs17jcek[/youtube]



21TEN Joins International Stars For Andre Agassi’s Gala Event And Fundraiser
NFL ALUMNI ASSOCIATION And REVOLUCION WORLD WIDE ANNOUNCE PARTNERSHIP AGREEMENT
Vemma® Brand Partner Ruth Elliott Named as Finalist in 7th Annual Stevie® Awards for Women in Business
Vemma’s Second Annual Campaign Raises $40,000 to Benefit Children’s Miracle Network

Online MLM Success – Developing Quality Connections and Relationships

Of all the necessary skills for achieving success in MLM and network marketing, perhaps the most important is taking time to develop quality connections and relationships with other people.

I’m not talking just about prospecting and getting to know people you’ve identified as current MLM leads for your opportunity. This is certainly part of the big picture, but just a part. The more people you meet and connect with who AREN’T immediate prospects for your business, the more prospects you’ll have for your business long term. Does this make sense?

When you look at entrepreneurs who have achieved success in MLM, you’ll find they all have one thing in common. They are sociable and enjoy meeting and working with others.

One very successful MLM leader that I know once said “your success in this business is directly proportional to the number of people in your contact manager, and the quality of your relationship with those people”. His message is clear. The size of your personal network will be a prime indicator of your success in MLM and network marketing.

You might be thinking…

But what if I do everything online? What if I don’t have a big network of friends, and choose to market my MLM business through advertising and attraction marketing? Can’t I do that?

Of course you can! Here is an important point. What you want to focus on is developing as many connections and relationships with people as you can. Let’s say you put an ad out there that brings 250 visitors to your blog or website. Let’s say that 10% of them (25 visitors) decide to fill out a short form on your site and opt in for more information about you and your business. What’s next?

You already started to develop a relationship when they visited your site. It’s a pretty good bet that those 25 people saw something about you, or what you’re doing, that they liked. Step one accomplished.

Next, you’ll want to have an opt-in form on your site with some sort of free report or ebook as an incentive to sign up for your mailing list. You want to have an autoresponder loaded up with enough follow-up messages to last a few months (assuming they go out once a week or so).

What happens now with your prospects who don’t sign up or express an interest right away? Hopefully, your follow-up messages will include personal success stories as well as insight into how you build your business. Perhaps a little bit about your day to day life and the lifestyle you’re enjoying or seeking with your business. All of this will help continue building a relationship and connection with your prospects long after their initial visit to your site.

When  you have some great news to share about your opportunity (perhaps a hot new product has been introduced), send a broadcast out to all your leads. When you come across valuable tips or information about achieving lifestyle and prosperity with a home business, share it with your list. Share your successes and stress to your prospects how they can do the same thing.

Remember, circumstances change. Prospects who are cold today might be red hot leads in six months.

Take care of your MLM leads. You want to connect with them and help them think of you as different. So many people follow up very aggressively with their leads, frequently hammering them with sales pitches and solicitations and nothing more. Be different. Provide some material in your followup that is entertaining, enlightening, and educational. Show people that you offer value. You will be remembered, respected, and rewarded well!

MLM Blogging – Here’s A Simple Way To Build Your Optin List

List Building Give Away Events

I have no idea why it took me so long to participate in a List Building Give Away Event, and after the seeing the optins fly in to my blogging list, I will be sure to ALWAYS participate in the future. I literally TRIPLED my MLM Blog list in one week by contributing to Stephanie Mulac’s “Ultimate Blogging Giveaway”.

What is a List Building Give Away Event?

A Give Away event is a list building STRATEGY that has become extremely popular with online marketers over the past few years. Depending on the theme of the event, it is possible to find HUNDREDS of other niche specific online maketers gathering to use the event to add more people to their optin subscriber base. The thought process behind this is very simple. Give away your best content for FREE, and you add highly targeted subscribers to your list.

The process is very simple. You join as a contributor, provide a free gift to the event, usually an eBook (this is what I offered), a piece of software or some other type of down-loadable digital product. You create a squeeze page with an optin subscription form on it. People fill in the form and join your list in exchange for the free gift. You can even participate in one of these give away events if you don’t have your own product. Many times the host of the give away will be able to provide you with a suitable product to give away, allowing you to build your own list and giving someone else’s product alot of exposure in exchange for the right to give it away as a gift.

Giveaway events come in a myriad of sizes and on a wide variety of topics. They are held throughout the entire year. To find possible events to join,  all you have to do is a quick search online for “giveaway JV” or “giveaway event” and you will get a listing of sites that are hosting giveaway events.

Things You Need To Know Before Joining A Give Away Event

I highly recommend that you sign up for a couple of these events BEFORE you decide to contribute a product. This is what I did so that I could learn how to become a quality contributor.

I learned how the process works. I was able to download some free products that interested me and (this is a big one) I joined the lists of other marketers so that I could study how they set up their giveaway system.  This is a great way to snoop on your competition (nothing beats market research and  intelligence).  It’s also a great way to see what kinds of products other people are giving away and you just might be able to get your hands on some relevant products that you could use to build your own list.

If you are not sure how to setup your own marketing funnel, pay attention to what the more experienced marketers are doing. They will send you a number of followup emails;  thanking you, offering you additional free training and free gifts. They will also try to lure you into their sales funnel with a valuable, low cost offer.  Pay attention to what these people are doing,  because they are very effective in converting subscribers from these give away events into paying customers :-).

But Rose, There Are No MLM Give Away Events

True … But, I want you to consider this:  as MLM Bloggers, we don’t blog about MLM all of the time. Most MLM Blogs that I read have exceptional content focused on:

  • Leadership
  • Social Media
  • Internet Marketing
  • Facebook Marketing
  • How To Use Twitter
  • PPC Strategies
  • Video Marketing
  • Prospecting – Cold Market, Warm Market
  • Mindset and Personal Growth
  • Product Reviews

You probably have enough content already written through your MLM blog posts so that you could create an amazing give away product for any of those niches. Or, if you are anything like me, you have 2 or 3 half written e-Books sitting on your computer that would only take a few days to finish. When you find a give away that interests you, check to see how much content you already have written focusing on that topic and create a product with it. This is a great way to repurpose your content, get it distributed in a big way and build your opt in list.

Here is what I did. I heard that Stephanie Mulac was running the “Ultimate Blogging Event Give Away” during the middle of August. I investigated the event and decided that it was worth contributing to (I have participated in a few of Stephanie’s events before and they are great).  I took my e-Book, “Dead Blogs Don’t Lie”, tweaked some of the information in it, signed myself up as a contributor, paid a really small upgrade fee to get my product featured, created an optin page and a thank you page on my MLM Blog, submitted my e-Book and promoted the event to my list and did a writeup about the event on my blog.

Here are my results. 671 new optins to my blogging list. Over 300 new connections on Facebook and Twitter. A dozen or so people have already emailed me with comments and questions about the material that I cover in the e-Book. Time invested in participating in this event, about 3 hours. Not to mention, my Alexa ranking has gone down by 10,000, I have added OVER 100 new subscribers to my MLM Blog readership and my bounce rate has dropped from 17.64% to 3.8%  – that is a REALLY SICK bounce rate btw 🙂 !

Here are my future plans. My goal with participating in this give away event is to ultimately convert the people on my blogging list into long term customers. So, I have a lot of additional blogging information that I am sending to them for FREE as part of my followup. I also have some great affiliate products that I am recommending to them sprinkled in those followup emails. I know that if I treat my new subscribers right by giving them so much value I blow their minds, I will have created MORE raving fans of what I do and life long customers that cannot imagine doing business with anyone else when they need the services that I offer.

I hope that you received some real value from this post! Be sure to leave your questions, comments and suggestions in the comments area. And take a minute to share this post with YOUR Tribe!! If you are interested in participating in a Give Away Event and need some help getting started, please let me know and I will give you a hand.

About The Author –
Rose Mis is the author of “Dead Blogs Don’t Lie ~ 7 Secrets To A Wildly Popular High Traffic Blog”. I am also the Executive Chef (aka Chief Cook and Bottle Washer 😉 ) of the Attraction Marketing Training Kitchen. You are invited to stop by the Kitchen anytime you have any questions about blogging and marketing YOU with your blog !

Blog: RoseMis.com Forum: MLM Blogging

MLM Weekly News: Monavie Germany, Vemma, MLM Ethics, Inc 500 Fastest Growing MLM Companies, Mazu Gold, ComF5, My Video Talk

[youtube]http://www.youtube.com/watch?v=cXqnLusndU0[/youtube]

Dondi Scumaci

Dondi Scumaci and Bob Burg are my sponsors this week. Author of Designed for Success: The 10 Commandments for Women in the Workplace, Ready, Set…Grow! and Career Moves.

Bob Burg

Bob Burg co-wrote the best selling Go Giver series, and is known as the “E.F. Hutten” of Direct Selling.

On October 7th Dondi is hosting Bob at his Endless Referrlas Live Seminar in San Antonio, Texas.

Click Here to register.

MonaVie

MonaVie rumors were flying this week, when my good friend Ted Nuyten, founder of Business For Home broke a story about MonaVie’s compensation plan found against Germany laws. MonaVie was quick to respond and set the record straight. You can read the whole story here!

Vemma Nutritional Company

Vemma Nutritional Company announced some of the internationally acclaimed keynote speakers for their national conference in 2011. They also announced the theme for next years continued growth… “The Power of WHY!”

Dr. Oz and Dr. Roizen will be two of the keynote speakers. Also Darren Hardy, publisher of Success Magazine and author, will also be one of the special keynote speakers next year.

On more thing I am happy about when it comes to Vemma is the fact BK Boreyko continues to walk his talk. Vemma just inked a new deal with the Presbyterian Hospital in Charlotte, North Carolina to provide underprivileged children  through their Community Care Cruiser, with Vemma Next for children. Click here to read all about it.

Ambit Energy distributors should be proud. It is the hard work of the distributors that made this happen!!! Click the image above to read the whole story!

When the media is telling folks, that American are not buying products and are hording their money, Scentsy has proven them wrong. Once again the distributors did not listen to all the dull, negative media and went out and built their business, winning the #1 spot in Inc 500 for Consumer Products. Chick the image above to read the full story.

Whit the regulators looking hard at the MLM travel sector, the distributors of WorldVentures did not let that keep them from building their business. And once again, while the press is telling us how bad the economy is, WorldVentures is growing. Click the image above to read the full report.

The MLM Wireless niche has been crazy. But instead of focusing on just one small aspect of their business 5Linx expanded into other communication and security products, and the distributors didn’t listen to all the crap the media was putting out about a down economy and rocked the house. Click the image above and read the whole story.

Stream Energy is the #1 MLM Energy company in the world, with revenues of over $80 million dollars. Although, their growth has slowed compared to Ambit, I have a feeling they are just preparing for the next surge as they start to enter into additional markets. Click the images above for the whole story.

Network Marketing Moms, BE FEARLESS!

We Are Women. We Know We Are Powerful! We can bring a life into the world, we can run a household, we can raise and nurture little people, we can build a business and we can put our mark on the world….We Should Be FEARLESS In Our Pursuit of Life. Yet, often times we are not.

Why? How could this be the case when we do so much and are capable of so much?

This week, my biggest challenge has been my two year old. Miss Adelina….Oh how I love her so….She is stubborn, she knows what she wants, and she does whatever she can to get it(all things I know I will respect in her as a young woman). She has challenged me everyday this week because my older daughter is back in school and I am trying to get back on a routine. Naturally, Adelina has a problem with this.

Now, because I love Adelina, I have tried nurturing her and negotiating with her. Basically, I have been the nice loving mom. That is until I knew she would never listen to me until I put my foot down and decided to be ‘Fearless’. Nap time has been the hardest, tears were shed on her part. But you know what, my fearlessness equaled getting done what needed to be done.

Yes, this is a silly and simple example that all of us moms have dealt with at some point. But it made me think about how fearless I am being in all aspects of my life. Us Network Marketing Moms know exactly what has to get done. We know what our kids need, the house needs, spouse needs and the business needs. Just as I knew what needed to be done with my daughter. Do we always do what needs to be done though?

I think it is our kind nature that keeps us from being aggressive enough. We are also effected by the fact that our ‘Mom’ role changes our mindset to putting ourselves last, and not fully believing in our strength. We loose a little bit of our self worth and belief in our power.

We Have To Change That!! We are the most important!! We are the team leader. Our team wants our guidance, so we should never be meek in delivering it. When we are meek, our home, family and business suffers.

What areas are you struggling with right now? Why are you struggling with them? Be Honest…Chances are, You’re Not Being Fearless Enough!! 99% of the time we know exactly what has to get done. The fault is in our execution(or lack there of). When don’t bring or whole game to the table, we are choosing not to be Fearless.

Whether you are struggling with talking to prospects, leading your team or completing projects…chances are you are just not giving it your all. You Know What Needs to Be Done and What It Takes to Do It….So Do It!

It’s human nature to come up with excuses for why we didn’t follow through. Sadly, as moms, we always have the perfect excuse…Our Kids. Because no one can argue that kids don’t come first, right? They do, but that doesn’t mean they are an excuse. They need to be our reason for putting 100% of our heart in the game 100% of the time.

Being a Fearless Network Marketing Mom means that you talk to prospects with the confidence that ‘you know you have what they need’. You lead your team with every bit of your strength, knowledge and heart. You take care of your family all the while knowing that they are depending on you to guide them and show them the best path.

There is NOTHING More Powerful than a Fearless Woman. Period. We have the gift of feminine sensitivity, beauty and tremendous strength all wrapped up in one(It’s just a fact men! ;))

Tap into Your Strength. Tap into Your Power.

BE FEARLESS!!

Commit to just one week of Total Fearlessness. I guarantee you will see You Life Change.

Believing in Your Success,

Danielle Zack

P.S. If you enjoyed this post, Don’t Be Greedy! 😉 Share it with your friends and followers by using the buttons at the top of the post.

About the Author:

Danielle Zack is a full time MLM Mom and blogger. Her mission is to empower Moms to create a successful MLM business and a fulfilling life.

Blog: DanielleZack.com Forum: MLM Moms

MLM Weekely News Review: Yoli, The Tools Network, XanGo, Aisle 19, Lennon Ledbetter, Forever Green, and Vemma

This has been a great week in the Direct Selling, MLM arena. Things are rocking along as we move into the end of Summer. XanGo made a huge announcement, Vemma wins some fantastic awards, Jim Moore launches The Tools Network, and Yoli’s “Fun” is taking the industry by storm!

[youtube]http://www.youtube.com/watch?v=5a-I_KhJocc[/youtube]

Yoli

[youtube]http://www.youtube.com/watch?v=rN4lfRnpsds[/youtube]

A Tribute To a Leading Lady

Carole Moore

“Aug 5th will be 6 months.

. . . I have been scanning pictures to make a slide show. Boy what a life we have had 34 years together living, loving, working, side by side every day. The World of Network Marketing has given us this freedom and income to do most everything we ever wanted: To live our lives in a style most people could only imagine or understand not having a job. . . This life is so very short so with that: When in doubt, show up early. Think less. Feel more. Ask Once. Give thanks often. Expect the best. Appreciate everything. Never give up. Make it fun. It’s ok to Regroup or Yield. Smile lots. Always order dessert. And live as if you are inevitable. REMEMBER thoughts become things. Pick the best ones!

Your Friend ~ Jim Moore”

Vemma – BK Boreyko announced on Facebook Thursday that Vemma had won the ACE Awards for Top 50 Arizona Companies and for being one of the Fastest Growing companies!

Forever Green – Ron Williams launched this company in 2005 with a mission to change the world one child at a time. Over the last five years he has never wavered from this goal. Here is one small accomplishment that is living proof of his commitment to this goal.

XanGo – This week XanGo issued a Press Release announcing Amway legionary leader Lennon Ledbetter has joined the company.

Amway Legend Lennon Ledbetter Joins XanGo