Top 10 Ways to Choose a Great Network Marketing Opportunity
There are a few network marketing opportunities that are just scams. There are far more that may be well-intentioned, but have a poor track record, for any number of reasons. And some that are amazing opportunities for you & your family. So how do you separate the wheat from the chaff?
Here are ten tips to help you pick the right network marketing opportunity for you…. and why doTERRA is the best opportunity for 2014!
1. Has the company been around for at least 3 years?
If you want the efforts you put in today to pay off for many years in the future, choose a company that has proven that it will be around for the long term. 90% of all network marketing companies FAIL within their first 2 years.
DoTERRA was established in the spring of 2008 by a group of healthcare and business professionals who shared profound personal experiences of the life-enhancing benefits of essential oils They came together with a common vision of bringing a new standard of therapeutic-grade essential oils to the world.
2. Is the company well capitalized?
In other words, does it have the cash that it will need to grow, to maintain a solid infrastructure, to attract talented management, to keep pace with technology — and, of course, to pay your commissions!
dōTERRA’s founding executive leadership team includes seasoned business, marketing, and healthcare professionals of uncommon professional experience and reputation for integrity and performance in the direct selling industry.
The best part – doTERRA is 100% debt free!
News from April 2011: doTERRA announced today that it has accepted an Independent Product Consultant Agreement from Eric Larsen, former CEO of a large global direct selling entity with more than 500,000 independent distributors and 700 employees operating in more than 30 markets. Upon becoming an independent distributor, Eric plans to partner with Justin Harrison, doTERRA’s founding distributor, to form a master distributorship for the company as it prepares for tremendous domestic and international growth.
Also December 15, 2011, was a day of celebration as doTERRA marked its first million-dollar sales day. We received over $1,000,000 in sales in a single day with over 6,000 individual orders, 3,000 of which were processed through our Orem Will Call center.
March 7, 2013, doTERRA broke ground on $60 million corporate headquarters in Utah. Construction on the first phase of the project will begin in April and is anticipated to be complete for occupancy in late summer 2014.
dōTERRA currently employs over 1000 professional and part-time employees and anticipates doubling that number in the next five to ten years. Recently, the Utah Governor’s Office of Economic Development awarded the company a post-performance refundable tax credit based on estimated new state tax revenues of $83 million, new capital investments of $60 million, and 330 new full-time jobs over the next ten years.
3. Does the company offer products or services that are unique?
That is, they’re not readily available elsewhere (especially at a discount) and they’re not just another “me too” product that has loads of competition.
dōTERRA products are sold exclusively through Independent Product Consultants who, working from home, introduce, educate and sell dōTERRA products locally through person-to-person contact and globally through personalized web shopping sites. Also we are the only company that offers the highest scientific grade essential oils – Certified Pure Therapeutic Grade!
dōTERRA’s Certified Pure Therapeutic Grade* essential oils are 100% pure natural aromatic compounds carefully extracted from plants. They do not contain fillers or artificial ingredients that would dilute their active qualities. Proper extraction and quality control methods also ensure that dōTERRA’s Certified Pure Therapeutic Grade essential oils are free of any contaminants such as pesticides or other chemical residues.
New products added each year – from new oils, blends, hair care, skin care and even new supplements / vitamins.
4. Is there a genuine need for the product or service?
You’ve probably heard horror stories about people ending up with a garage full of expensive water filters – the reason that happens is because only other distributors will purchase the product at that price! Your product or service must fill a REAL need at a fair price – and there should be a large untapped market for it. In other words, it MUST provide tremendous value, so the customer is the biggest winner.
With alternative healthcare options in higher demand, there is an obvious need for doTERRA! DoTERRA’s products can assist in preventative care as well as ailment treatments.
When we experience sub-optimal heath conditions, there are many self-care alternatives that can provide safe and effective relief of symptoms and long-term solutions to problems. Reaching for a prescription or over-the-counter drug may not always be the best first alternative to taking care of one’s self when sick. dōTERRA’s therapeutic-grade essential oils and other doTERRA wellness products are formulated to support the body’s own natural ability to keep itself healthy and can be used effectively in combination with traditional and alternative medical practices.
Also products are shipped directly to the customer.. no need to stock up on product for retail.
5. Is the product or service trendy or a fad?
You can’t build long term residual income (i.e., your retirement!) if the product or service only has short term appeal (e.g., beany babies, etc.). Think long term instead. Is the product or service something that your customers will continue to use for a long time?
Staying healthy and having some control over your & your families health, will never go out of style.
6. Can you generate immediate income?
So that you can finance your marketing and expansion efforts from cash flow.
There are two ways for you to earn commissions as you build your home-based dōTERRA business as an Independent Product Consultant. First, you receive retail profits on the purchases of your retail and preferred customers, and second, you receive commissions on the sales of Independent Product Consultants that you personally sponsor and on the sales of the consultants they sponsor.
As an Independent Product Consultant, you will receive the difference between your customers’ retail and preferred customer purchases and your consultant wholesale prices. Your Independent Product Consultant retail profit is 25% of retail sales and 9% of preferred customer sales.
Fast Start Bonus (Paid Weekly)
The Fast Start bonus is designed to provide you, as an enrolling sponsor, immediate rewards for enrolling new IPC’s into your business organization by paying 20% on purchases and sales made within the new IPC’s first 60 days. This bonus is paid weekly and applies three generations deep for the new enrollee’s first 60 days
Power of 3™ Team Bonus (Paid Monthly)
dōTERRA’s Power of 3™ Team Bonus is designed to provide generous bonuses to consultants who properly structure their organizations. There are three stages to this bonus which will be paid out each month as long as the required structure is maintained. From $50-$1500 each month.
Organizational Leadership Bonuses (Paid Monthly and Quarterly)
As you grow your business you will be paid additional bonuses for your organizational leadership activities. dōTERRA provides generous unilevel bonuses of up to 7% down seven levels and beyond in your business organization. There are also company sales pools available to qualified consultant leaders who are paid commissions on 6% of total company commissionable sales volume in each market.
7. Does the marketing system take full advantage of technology?
Not everyone is a sales type, but ANYBODY can plug into a system and tools that do the selling and sorting for you!
DoTERRA has many tools available to help IPC’s (Independent Product Consultants) become successful. From web tools, personal websites as well as personal help from their team. Plus the best way to “sell” doTERRA isn’t to sell it at all… but to share it! When someone who suffers migraines tries doTERRA for relief for the first time… they will be very intrigued to learn more!
8. Is the person who is introducing you to the opportunity committed to YOUR success?
If they are, the company is strong, and the product or service is a winner, (and, of course, you’re willing to learn) you WILL succeed. There’s a big difference between a “sponsor” and a “recruiter.” A sponsor coaches. motivates and trains and a recruiter just signs people up and in most cases, abandons them.
DoTERRA is focused on being a team and I have yet to find an IPC who hasn’t received support from their upline or even other IPC’s who just love to help share their knowledge!
9. Is there a way to build your business part-time without losing your full time income?
The company must have automated systems that can do the heavy lifting (i.e., selling and sorting) for you so that you can use your limited time efficiently.
Absolutely! DoTERRA can be shared at your pace… but trust me.. as you learn and use the products, its VERY hard NOT to want to share them with others. They are amazing!
10. Will you have FUN?
Although this may not be an element of your current JOB, we think it’s important! You should have a lot of fun with your business partners while you work together to build a long term business and your financial army.
Well, I certainly find it fun (and very fulfilling) to be able to help those with healthcare alternatives. I’ve seen miraculous healings and heard heart wrenching testimonies of how doTERRA has changed lives.
So there you have it — ten criteria for selecting a superior network marketing opportunity. Of course, even with a great company, there’s no such thing as a free lunch. You WILL have to work! But, with the right opportunity (unlike your job), it won’t have to be forever!
Right now average monthly commission for a Silver level IPC in doTERRA has risen significantly over the last year (2011). In recent months our monthly average commission payment to a Silver level IPC is about $2,000/month. The average monthly commission in recent months for a Gold level distributor has risen to over $4,000. Even Premier level IPC’s average income is a significant $750 or so per month. These are not guaranteed amounts, but simply real averages that doTERRA is currently paying across the board. Some will make more and some less depending on the age and size of their organizational structure.
If you’re interested in learning more regarding doTERRA: