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GOODMORNING EVERYONE!. We wiLL GET STARTED IN JUST A FEW MINUTES. You may want a pen & pencil. Welcome. By Diamond IPC doTERRA Leader, Jared Winger October 2012 . Did You Know?. 61% of Americans say they would like to be their own boss.
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GOODMORNING EVERYONE! We wiLL GET STARTED IN JUST A FEW MINUTES. You may want a pen & pencil
Welcome By Diamond IPC doTERRA Leader, Jared Winger October 2012
Did You Know? 61% of Americans say they would like to be their own boss. 40% of Americans say only $500 of extra monthly income could dramatically improve their financial situation.
Did You Know? 77% of Americans live their lives paycheck to paycheck. $1.22 – Average amount spent by Americans for every $1 they earn. 62% of Americans who will retire with a yearly income of less than $10,000.
Did You Know? At age 50 - 75% of population has less than $5,000 in the bank for retirement. At age 65 – 45% of Americans depend on relatives. • 30% depend on charities. • 23% are still working (most can’t afford to quit). • Only 2% are self-sustaining.
Did You Know? The Bureau of Labor Statistics also states: Out of 100 people that start working at the age of 25, by the age of 65: • 1 is wealthy. • 4 have enough money to retire. • 63 depend on social security or charity. • 29 are deceased.
Did You Know? • 500,000jobs are being eliminated each year due to technology. (These are jobs that are never coming back.) • The average American has $8,000 in credit card debt. • The average college graduate will work 11 different jobs in 5 different careers during his life. • Retirement planners say anyone under the age of 40 will need at least 2 million saved up for a comfortable middle class retirement. Do you have 2 million sitting around?
Overview • Why dōTERRA? • Compensation Plan • Q&A
What Should I Look For in a Company? • WhoMakes Up the Executive Team? • Track Record, Experience, etc. • What is the Product? • Must be Appealing, Unique, Right Timing, Serve the Masses, etc. • Must Not be a “Luxury” or a “Me Too” • Company Stability? • What’s the point of marketing something if it won’t be around? • Compensation?
What Should I Look For in a Company? • Who Makes Up the Executive Team? • Track Record, Experience, etc. David Stirling Gregory Cook Dr. David Hill, D.C. Robert Young Corey Lindley Emily Wright
Why doTERRA? • Executives have 160 years combined experience. • Debt-Free • They Will Never Sell • They Will Never Go Public • Highest Retention Rate • One of the Fastest Growing Companies in the Industry! • Timing!
Why doTERRA - Timing • There Have Been Approximately 100,000 Direct Sales/MLM Companies. • There are only about 8 “billion dollar” companies. • There hasn’t been a NEWbillion dollar company in 25 years. • The fastest company to ever hit a billion dollars did it in 14 years. • Conservative estimates are that doTERRA will be a billion dollar company by March 2015 • We’re on schedule to become a billion dollar company in half the time!
Why doTERRA - Timing • Growth Calculator • Started April 2008 • March 2009-2010 = 214% (Tripled) • March 2010-2011 = 208% • March 2011-2012 = 198% • March 2012-2013 = 150% • March 2013-2014 = 100% • March 2014-2015 = 50% • $1,057,500,000 (Annual Sales) (Currently at 201%)
Why dōTERRA? - Retention Retention Rates
Value of a New Consultant • The Power of Retention • What amount of commission is paid out is a new IPC worth, from a strictly financial perspective? • Discounted Cash Flow model of average PV revenue stream • MLM Company w/ Low Retention: • Total value to IPC organization: $546 • doTERRA’s65% Retention & Powerful Comp Plan • Total commission payout value to IPC organization: $2,275 (only considers Fast Start & Unilevel payout)
Power of 3 = $50 Monthly 150 pveach
Power of 3 = $250 Monthly
Power of 3 = $1500 Monthly
Compensation Plan Once you have your three leaders (or 4 as decided) you have one focus, and one focus only…… HELP YOUR ‘THREE’ HIT THEIR $1500 BONUS
Compensation Plan • THIS DOES 2 VERY IMPORTANT THINGS…. • It teaches your leaders how to take care of their team and how to focus on their teams’ success, not their own. • It sets you up perfectly to move on to the next levels of the compensation plan.
Income Examples • 1 Level - $59 • 2 Levels - $300 (doubling monthly investment) • 3 Levels - $1,752 • 4 Levels - $2,360 • 5 Levels - $4,547 • 6 Levels - $11,108 • 7 Levels - $34,071
“Must Have” Links & Resources • DoterraEveryday.com– “One Stop Shop” for doTERRA updates, calendar/events, promotions, tips, recognition, etc. • MyDoterra.com – Your Back-Office – setup LRP, enroll customers, view commissions, etc. • DoterraTools.com – Product Detail PDF’s, Images, Forms, etc. • DoterraUniversity.com – Video Training on basics of the business • Essentialoilbusiness.biz – Our team-building site with business tools and tips to grow your team! • EverythingDoterra.com – Google Group & Online Database for ailments, symptoms, oil uses, etc.
Tried Another MLM That Didn’t Work? • Products That Don’t Work • Retention is Low • No System • Lack of Training/Tools • No Team Concept • Too Many Qualifications • Weak Compensation Plan
Come Join Us Thank You Let Us Help YOU Get Started!