Chances are if you're reading this review, you're most likely looking for information on DoTerra. Maybe you're thinking about joining the company as one of their Advocates or perhaps you're already an Advocate and you're searching the Internet for ways to build DoTerra online. Whatever the case might be, look no further. In this third party DoTerra review, I'll cover the essential information you need before signing up. While I'll cover the company and products for you, this review will be more on the actual business opportunity. Now before proceeding, I do want to disclose that I am not a DoTerra Advocate, nor am I affiliated with them in any way, so you could rest assure that you'll be getting an unbiased DoTerra review.
Who Is DoTerra?
So first things first, let's go into the company itself. DoTerra is a company that sells Health and Wellness products through a Network Marketing business model. It's core product line revolves around therapeutic-grade essential oils. In addition to essential oils, the company also has weight loss products, supplements, personal care products and skin care products in its product line. DoTerra was founded in 2008 and is based out of Pleasant Grove, Utah. The founding team and corporate staff come with very impressive backgrounds and the company definitely looks prepared for future growth. From a business perspective, since the company is in the Health and Wellness Industry it's positioned in front of the Baby Boomers which almost guarantees growth. Just in the US market alone, $1 out of every $6 spent by consumers is spent on healthcare so being in the Health space is huge. I also want to note that DoTerra is a debt-free company with no outside funding, which makes it very solid and stable. No outside funding also means that every decision made for the company is made from inside the company, and made with distributors in mind. One other important thing I noticed when looking into DoTerra is that company-wide, they have a customer retention rate of 65%, while the Industry average is 13%. This is critical to note if you're thinking about building a residual income because without customer retention, you'll never build the long-term residuals that every talks about in Network Marketing.
How Do You Make Money In DoTerra?
The DoTerra compensation plan gives it's Advocates, or distributors, a few ways to get paid. The first way is through Retail Sales, which can generate up to 25% commissions on the product someone personally sells. The second way is through Fast Start Bonuses, which the company pays out weekly. The way it works is like so: for everyone you personally sponsor, you earn 20% on their PV for their first 60 days, for everyone on your 2nd level, you earn 10% on their PV for their first 60 days and for everyone on your 3rd level, you earn 5% on their PV for their first 60 days. The third way to get paid is the Power of 3 Bonus. Basically, the company will pay you an additional $1,800 per month for having a structure that consists of you getting 3 active distributors, they get 3 active distributors, and then they get 3 active distributors... for a total of 39 active distributors. The key to unlocking this Bonus is you have to have your organization positioned in the right structure. The fourth way to earn income is through the Unilevel Commissions (this is where Residual Income is made). You'll earn up to 7% on the volume inside of your first 7 levels in your organization. So as distributors and customers order and re-order product every month, you'll earn an on-going commission on that volume. The cool thing is that DoTerra pays bigger percentages on the levels furthest from you, which are typically the levels with the most volume. Last but not least, the company also pays Leadership Bonus Pools for top producers. Overall the compensation plan is very lucrative and the retention factor the company has makes it a solid vehicle to build passive income. With that said, I do recommend that you review the official Compensation Plan document for yourself so you know exactly how it works.
Should You Join DoTerra?
Only you could answer that. If Health and Wellness products resonate with you, then DoTerra might just be what you're looking for. The company is solid, the products are high quality and the compensation plan is very generous. In addition to that, the customer retention rate is very high which gives you a good chance to build residual income. Because of these things, it should be a guarantee that you'll succeed if you join the company, right? Well, not exactly. While it's certainly positives to have those things in place, they really have very little to do with your personal success. Ultimately, your success depends on your ability to personally sponsor new people on a consistent basis. Sure you could make a few hundred dollars a month retailing product. But if you want to make it to the top of the company and make big income, you need to personally and consistently sponsor new people into your team. In order to do this, it helps to have a way to generate leads on a daily basis. It also helps to brand yourself and position yourself in front of people who are already looking for what you're offering. This is why I recommend Attraction Marketing. If you could combine online Attraction Marketing with solid offline building strategies, there's no telling how prosperous your DoTerra business could be.
Success with your business requires a working knowledge of personal branding and lead generation. Learn to build your DoTerra downline by being a Network Marketing professional both offline and online.
Additional online training to help you Sponsor DoTerra Reps is available with Jaime Soriano at [http://jaimesoriano.net]
Article Source: https://EzineArticles.com/expert/Jaime_Soriano/273194