If you’ve been around the block at all in network marketing you’ve heard the classic phrase,
“Ignorance on fire is better than knowledge on ice!”
Okay, I agree – to a point.
Here’s the deal. You don’t EVER want to be ignorant about what truly goes on about your business whether its a network marketing business or any other business you’re investing your hard earned money and time into.
Lets say some guy told you that if you just invested $50,000 of your hard earned money into some oil scheme you’ll make triple your money. Then he says you don’t need to fully understand how the money would be invested and exactly HOW and when you’d earn back your investment.
Then he tells you to go recruit some of your friends and family and just let your excitement and enthusiasm compensate for your lack of knowledge.
I see this all the time in network marketing.
For some reason folks think its OK to throw caution to the wind when doing your due diligence investigating an mlm business.
Do yourself a favor. Don’t.
Here’s the problem: You’re doing yourself and your potential business partner a major disservice when you recruit solely on enthusiasm alone.
If your network marketing business collapses your parnters may be PISSED.
But really, you owe it to yourself as an entrepreneur and investor in your own mlm business to ask all the tough questions and thoroughly understand the potential of your network marketing business.
I see newbies and experienced networkers who don’t understand their compensation plan because their friggin sponsor has convinced them that “Oh, they don’t need to understand the comp plan right now. They can learn it along the way.”
Well what if the comp plan sucks? And they learn THAT “along the way”? Also mind you certain comp plans are waaaaay better than others. Some reward well with high upfront retail sales while some reward better on the residual back end.
And some comp plans aren’t worth the paper their printed on.
I also see new ignorantly burning distributors who know nothing about the principals of their business.
They have no CLUE how successful they are, or what businesses they’ve run in the past.
They don’t know what past legal entanglements the principals have been involved in or what current legal issues their current company might be dealing with.
In short anyone who plans to relies solely on ignorant enthusiasm blasting right out of the gate in their new network marketing business may be selling themselves short long term because they haven’t spent enough up front time understanding how viable their mlm business is and how suited they are to work the business.
Do yourself a favor. Ask the right questions before you join a new mlm. Strive for KNOWLEDGE on fire instead of ignorance.