BNI is the world’s largest word-of-mouth referrals organisation. Each week, BNI members meet with their local group and exchange business referrals. When BNI members see a business opportunity for a particular member, they will qualify the prospect to ensure that they have interest in doing business with the member.
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Does BNI really work?
The official BNI website reports that “last year, members of BNI passed millions of referrals that generated billions of dollars of business for each other.” They also share a couple of interesting “facts”: FACT: 98% of businesses rely on referrals to gain new business.
How do you get BNI to work for you?
Here are the top 10 tips to help you get the most out of your membership at your BNI chapter.
1) Arrive early.
2) Be there.
3) Invite your own guests.
4) Pay attention to other members’ 60-second infomercials.
5) Sell to your members sphere,…not just to the members.
What are the benefits of BNI?
Benefits of Joining BNI
Members make more money through increased referrals.
Increased exposure to quality professionals and their extended networks that can help you grow your business through referrals.
Your fellow BNI Chapter members are your virtual sales force. …
Seat Exclusivity.
6) Follow up on referrals.
How much is BNI joining?
It costs about $400-600 per year to join a BNI chapter (plus the cost of meals/coffees). Overall your expenses could run upwards of $800/year with food and transportation costs factored in. Many people feel that the cost is offset by the referrals and relationships generated through the organization.
What can I expect at a BNI meeting?
There’ll be an education slot which talks about some of the elements of being in BNI, a round of 60-second pitches, a 10-minute presentation and the passing of referrals. In a decent chapter (not “group”, mind you) it’ll all rattle along. It can leave you in a bit of a daze.
How do BNI franchisees make money?
They get a % of the fees paid by the members of all the different chapters in their area, and they pass a % of the membership fees upwards to the management above them, presumably ultimately to the US. So yes, BNI is a business that people make money from.
Is BNI Multi Level Marketing?
BNI is not a Multi-Level Marketing organization, but many people in MLMs are BNI members. Members of reputable MLMs are definitely welcome in BNI, as long as they market only the company’s products or services.
How long does a BNI meeting last?
Only one person from each profession or classification is permitted to join a Chapter of BNI. Membership Committees of each Chapter have final authority relating to classification conflicts. Members must represent their primary occupation, not a part-time business. The weekly meetings last for 90 minutes.