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A Third Party DoTerra Review – Is This Essential Oils MLM The Next Big Thing?
Chances are, if you’re reading this review, you’re most likely looking for information about DoTerra. Maybe you’re thinking about joining the company as one of their Advocates or maybe you’re already an Advocate and you’re searching the internet for ways to start DoTerra online. Whatever the case, look no further. In this third-party DoTerra review, I’ll cover the essential information you need before signing up. While I will cover the company and the products, this review will be more about the actual business opportunity. Now, before I go on, I want to disclose that I am not an advocate for DoTerra, nor am I affiliated with them in any way, so you can rest assured that you will receive an unbiased review from DoTerra.
Who is DoTerra?
So, first, let’s go to the company itself. DoTerra is a company that sells health and wellness products through a network marketing business model. Their 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 headquartered in Pleasant Grove, Utah. The founding team and corporate staff have a very impressive background and the company definitely looks poised for future growth. From a business point of view, given that the company is in the Health and Wellness sector, it is positioned in front of the Baby Boomers, which almost guarantees growth. In the US market alone, $1 out of every $6 spent by consumers is spent on healthcare, so being in the healthcare space is huge. I also want to emphasize that DoTerra is a debt-free company with no external funding, which makes it very solid and stable. No external funding also means that all decisions made for the company are made from within the company and are made with the distributors in mind. Another important thing I noticed when looking at DoTerra is that company-wide, they have a customer retention rate of 65%, while the industry average is 13%. This is critical to keep in mind if you’re thinking about generating residual income, because without customer retention, you’ll never build up the long-term residuals talked about in network marketing.
How do you make money on DoTerra?
DoTerra’s compensation plan offers its 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 weekly. Here’s how it works: For everyone you personally sponsor, you earn 20% of their PV for their first 60 days, for everyone in your 2nd tier, you earn 10% of their PV for their first 60 days days and for everyone. at 3rd level you gain 5% of their PV for their first 60 days. The third way you get paid is the Power of 3 bonus. Basically, the company will pay you an extra $1,800 a month to have a structure where you get 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 that you have to have your organization positioned in the right structure. The fourth way to earn income is through Unilevel Commissions (this is where the Residual Income is made). You will earn up to 7% of the volume within the first 7 levels of your organization. So, as distributors and customers order and re-order the product each month, you’ll earn an ongoing commission on that volume. The good thing is that DoTerra pays out larger percentages on the tiers furthest away from you, which tend to be the tiers with the most volume. Last but not least, the company also pays leadership bonus pools to top producers. Overall, the compensation plan is very lucrative and the retention factor the company has makes it a solid vehicle for generating passive income. That said, I recommend that you review the official Compensation Plan document for yourself to find out exactly how it works.
Should you join DoTerra?
Only you can answer that. If health and wellness products resonate with you, then DoTerra may be what you’re looking for. The company is solid, the products are of high quality, and the compensation plan is very generous. In addition to this, the customer retention rate is very high, which gives you a good opportunity to generate residual income. Because of these things, it should be a guarantee that you will be successful if you join the company, right? Well, not exactly. While it’s a positive thing to have these 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 consistently. You could certainly make a few hundred dollars a month with retail products. But if you want to get to the top of the company and earn big money, you have to personally and constantly sponsor new people to your team. 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 are offering. That’s why I recommend Attraction Marketing. If you could combine online attraction marketing with solid offline building strategies, there’s no telling how thriving your DoTerra business could be.
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