See My Other Personal Development Works Reviews
This DVD is an amazing resource for anyone considering network marketing or who is trying to share a network marketing opportunity to someone.Β It gives the viewer aΒ solid glance at the history, opportunity, and future of network marketing as a profession.Β Eric Worre has long been regarded as a very skilled trainer in this area, and is highly successful himself.Β Mr Worre is also the author of the highly popular book, Go Pro – see my review of Go Pro here.
Rise of the EntrepreneurΒ (DVD) by Eric Worre
Buy the “Rise of the Entrepreneur” DVD Here
Download my notes here:Β Rise of the Entrepreneur
My Review
This is a great DVD!Β I recommend it to anyone considering network marketing.Β It basically talks about today’s world, the best way to get ahead, entrepreneurism, and a great way to get into entrepreneurism, network marketing.
The video explains network marketing, what it means, where it came from, and were it is going.
Here is what the book says in a nutshell…
Today’s Economic Opportunities
The world is changing very quickly.Β In the past, these changes took thousands of years, and now it happens much quicker.Β We have new variables with technology and globalization that affect how our world is changing.Β Unemployment, debt, and shifting labor force are all elements of how our world is changing.Β You need to create your own economy.
There used to be a promise of a secure career, where you get a prescribed education and have income for life in a ‘safe’ job receiving a steady paycheck.Β This is an illusion, and many people are getting caught in this trap.Β The cost of an education is going up and the value that an education brings is going down.Β You need to take control of your own destiny.
The Entrepreneur Option
The best option for your future is not in the workforce, but to become an entrepreneur.Β This gives you the best opportunity to move up and get out of the mess of employers paying you just enough so you don’t quit.
The benefits of being an entrepreneur are flexible hours, ability to work from home, and to live the lifestyle you want.
However, being an entrepreneur also comes with some difficulties.
- MONEY – You usually need a large influx of capital (money) to get your business going.Β This is more than most people can come up with.
- RISK – An entrepreneur also takes on lots of risk.Β A large percentage of businesses fail within the first year.
- SKILL – You also need lots of skill.Β You need to know something about taxes, legal things, marketing, design, and much more to make a business successful.
Best Path to Entrepreneurism
There is another way to become an entrepreneur without these difficulties: Network Marketing.
- No risk
- No need for education or prerequisite skills
- No need for a large (or any) capital investment
You can start your own business with almost nothing, make money the first week, and grow it bit by bit until you have a million-dollar business.Β You don’t risk loosing anything, and there are no prerequisites for you to get going — you can learn as you earn.
Network Marketing
So, what is network marketing?Β It’s marketing in another way.Β Every company that has something to sell needs to market it: tell people about it and help people buy it.Β A portion of the price of every item will cover the expenses of marketing.
In traditional marketing, those dollars are used to pay for commercials, billboards, signs, and store personnel.
In network marketing, those dollars are paid to individuals who can sell them to people they interact with, their network and the network of those they work with.
Network marketing is completely 100% efficient because no money is spent on marketing until a product is purchased.Β Therefore there is no money wasted on commercial that didn’t work or store personnel that sat around with no one to sell to.
It is primarily used for products that people need to be educated on.Β The company just pays happy fans of the product to sell the product to their friends.
I have put together a fantastic post on Network Marketing using this DVD and other sources.Β You can read more about it here.
Concerns Addressed
Yet, there are people who misunderstand network marketing and may have some concerns about getting involved.
- Only people at the top make money – Anyone who has successfully added people to their network marketing business knows that this is not true.Β With doTERRA, you make money the first day.Β More than 99% of the commission is earned by people working part-time in the business.Β If you stick with it, you can build to a full-time business.
- Pyramid scheme – Pyramid schemes are illegal, they offer no product, add no value to the world, they are nothing more than shifting money around in exchange for unsustainable promises.Β Network marketing isn’t anything like this: there is a product, the commission is merely compensation for selling the product to someone, and the system is fully sustainable and supported by the purchase of the products.Β Losing money in a business venture is a fear many people have probably because they have heard stories about groups of people losing money through the illegal practices of others.Β Understandably, when people don’t know the difference, they are suspicious and weary.Β Let’s educate them.
- Loaded with products – Network marketing has come a long way since the beginning and has developed into a fantastic business model.Β However, there have been many hang-ups along the way.Β In the beginning, companies used to require consultants to purchase large quantities of product to become distributors.Β This was hard for people because not only was it expensive, but if things didn’t work out, they would be stuck with a large quantity of products more than they could personally consume — a waste.Β Now, not only do you not need to have any product on hand, you can return what you don’t want.Β The only purchasing requirement with doTERRA is that you buy 100PV each month.Β This is enough to cover personal usage of the product.Β You will be more successful at selling something you consume personally.
- 99% don’t make money – Actually the inverse is true.Β The great majority of people in network marketing make money.Β They are mostly people who have started out, working part-time, or are building a reliable business.Β You can make money the first week.Β Actually be profitable right from the start.Β This is virtually impossible in any other small business.Β Network marketing rocks!
- Unrealistic Claims from desperate people – Making money with doTERRA network marketing is easy, but it takes time and work.Β Β You can do the math, if you speak to two people a day, and hold a class or two a week, enroll a few people a month, and support those people to help them become lifetime customers, your business will grow, and you will make money.Β The average time to reach the rank of Gold is 27 months.Β At that rank, you will begin to be able to replace your income and work full-time.
Potential Progression and the Future
Network marketing has a lot of potential for opportunities for those getting into entrepreneurism and for those companies looking to market their products to the masses.Β More people become millionaires through network marketing than through any other form of employment.
The network marketing industry has developed quite a bit from where it started in the 90’s.Β Now there are much more sustainable compensation programs and systems.Β They have worked out all the kinks in this business model.
The economics of network marketing are so appealing, that we can expect to see it more and more.Β People being paid for what their worth is very attractive to companies.Β Moreover, people everywhere are looking for opportunities to be their own boss and build their own business without the requirements traditional entrepreneurism.
What to Look For
If you are looking into network marketing, you must look for 4 things:
- Product – is the product one that you can get behind?Β Do you like it? Is there a need for it in the marketplace?
- Company – Is the company run well (conservatively)?Β Is there a good management team?Β Is this a company that you can trust?
- Compensation – Can you be paid quickly?Β Can you develop a reasonable income in a reasonable time?Β What is the current track record for people?
- Support – Is support available?Β Training?Β Online?Β From the company?
I answer all the questions for doTERRA here
- The Right Time & The Right Company
- dΕTERRA Compensation Fundamentals
- dΕTERRA Business Topics
Some red flags you should look for are (1) claims that you can get rich quick with little or no effort, and (2) there is no product, just recruitment.
Advice:
- Get to know the products, customers, business – get in and have some success early on
- Challenges will come (ups and downs) be prepared
- Decide to go professional (see the other work by this author: Go Pro)
- Stick with it; it’s worth it
- It’s not too good to be true; it’s work
- The catch is that some people will think less of you – if you can live with that, this is a great deal for you
Conclusion
I thought this was a great DVD.Β Seeing things in video form have a way of getting the message in in a very engaging way.Β Moreover the video was professionally put together and Eric uses many successful and influential people to tell his message.Β It’s not just him, so it presents a very compelling message.
I recommend this to anyone building a network marketing business.
Rise of the EntrepreneurΒ (DVD) by Eric Worre
Buy the “Rise of the Entrepreneur” DVD Here
See My Other Personal Development Works Reviews
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