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This is Chris Redgrave for Zions Bank Speaking on Business.
As we begin a new year, many people are looking for ways to be healthier. A growing health and beauty trend is essential oils. They're natural, chemical-free alternatives to everything from traditional cosmetics to potentially toxic fragrances, not to mention they can soothe muscle aches and pains, help digestion issues, kill germs and increase concentration, according to Healthy Living.
An up and coming player in the essential oils industry is DoTerra International, headquartered in Orem. DoTerra means "gift from the earth." Company president and CEO Dave Stirling says they chose this name because all the founders believe in essential oils, so much so they made personal financial sacrifices to launch the business. See they believe these premium-grade essential oils can be a product for anyone.
They've seen DoTerra Essential Oils used for everything from earaches and fevers to acne, household cleaners and headaches. Not to mention essential oils have been used for mental health concerns like anxiety and depression. Dave says it's been amazing to watch the company grow so quickly, from shipping only to family and friends at its inception in 2008 to an international customer base today with over 800 employees. That's why they're planning to move the corporate headquarters to a brand new campus in Pleasant Grove later this year.
These are 100 percent pure oils with nothing synthetic.... And DoTerra International can also source their oils from all over the world to be vertically integrated with growers as much as possible. Their products are sold person to person, to show how the product is different from competitors. And with half a million active distributors, many are using this as a personal consumption model. They are also proud of their high customer retention rate.
All the partners at DoTerra International were raised on Western medicine ideals, so they understand the skepticism and distrust many people have for essential oils. The only way to handle this concern is through substantiating and validating DoTerra products ....So, they partnered with hospitals and research facilities to validate their product, which their customers love.
For Zions Bank, I'm Chris Redgrave, speaking on business.
DoTerra International 370 W Center St. Orem, UT 84057 801-615-7200 www.doterra.com
