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re: Any experiences with a BNI group?
Posted on 10/26/17 at 9:34 am to PlatinumAlloy
Posted on 10/26/17 at 9:34 am to PlatinumAlloy
I'm in a BNI chapter for over 7 yrs, its about building relationship, our chapter has about 35 members, they are your additional sales team, our chapter passed slightly over 2 million in closed business, other chapter's passed over 3 million. I generate about 30% more business from outside referrals they pass to me. if you want to know more about it, send me your email address, 
2
Posted on 10/26/17 at 9:34 am to Tiger Prawn
I am an insurance producer-so I do see the value of it, but most groups already have insurance people in them.
Posted on 10/26/17 at 9:38 am to lsu tigerdog
quote:
I'm in a BNI chapter for over 7 yrs, its about building relationship, our chapter has about 35 members
You in the Premier Chapter?
Posted on 10/26/17 at 9:41 am to lsu tigerdog
I'm in one. Got in this group before it was an official group because we didn't have enough members yet. I actually didn't think it would help me much as the actual people in my 'networking circle' of people in that group (lenders/realtors) were already large sources of business for me. And that was one reason I joined - to basically lock down business I had already. Which I am ok with. I do have a competitor in here and wanted to box them out. I picked up another steady source of business in the group in my primary practice area.
I've also picked up several referrals (~1-2 a month) in other areas of practice that make it worth it to me. The weekly meetings are not bad as ours are in the AM and just down the street from my office. It also doesn't hurt that I knew half of the membership prior to BNI and several are actually lifelong friends.
I've also picked up several referrals (~1-2 a month) in other areas of practice that make it worth it to me. The weekly meetings are not bad as ours are in the AM and just down the street from my office. It also doesn't hurt that I knew half of the membership prior to BNI and several are actually lifelong friends.
This post was edited on 10/26/17 at 9:43 am
Posted on 10/26/17 at 9:52 am to PlatinumAlloy
It all depends on what business you're in, and if you join a good group. I was a banker, and BNI was an absolute waste of time for me. They have a rule that you can only sell one line of business in a group. As a banker I sold loans, mortgages, insurance, investments... So if there was an investment guy, insurance guy, and mortgage guy in the group I was left with selling checking accounts which I made very little money off of.
But, if you're in a line of business where you can partner up with another member, you can do pretty well. For example, my group had an interior designer and flooring guy in it. The designer would bring the flooring guy into all her projects. They did well.
If you join a BNI group, you're on the hook for weekly meetings. And if you get suckered into being an officer, its going to feel like a second job you don't get paid for. And I fricking hated doing presentations at the meetings. You can only talk about checking products so many times before you start contemplating suicide.
But, if you're in a line of business where you can partner up with another member, you can do pretty well. For example, my group had an interior designer and flooring guy in it. The designer would bring the flooring guy into all her projects. They did well.
If you join a BNI group, you're on the hook for weekly meetings. And if you get suckered into being an officer, its going to feel like a second job you don't get paid for. And I fricking hated doing presentations at the meetings. You can only talk about checking products so many times before you start contemplating suicide.
This post was edited on 10/26/17 at 9:58 am
Posted on 10/26/17 at 10:07 am to Ben Hur
quote:
The one I attended had two attorneys, but 99% of the referrals went to one of them.
They must've specialized in different legal fields because my understanding is that BNI chapters won't accept a new member if they already have an existing member who sells/provides the same service. I was a guest at a group that had 2 insurance agents (one for life insurance, other for homeowner/auto) and 2 attorneys (one injury attorney, one real estate/title attorney).
Posted on 10/26/17 at 10:47 am to PlatinumAlloy
One of my co-workers is in one, and I've been several times as his "sub".
I get the value of having a professional network.
Where I struggle with, is in bringing referrals to everyone else. I have a hard enough time doing my own business development. And I have some clients and professional friends that I already refer. I'm not going to refer everyone to the loan officer in my group if the loan officer sucks, just because they are in my group.
I get the value of having a professional network.
Where I struggle with, is in bringing referrals to everyone else. I have a hard enough time doing my own business development. And I have some clients and professional friends that I already refer. I'm not going to refer everyone to the loan officer in my group if the loan officer sucks, just because they are in my group.
Posted on 10/26/17 at 10:54 am to PlatinumAlloy
I was brought to one of these meeting and felt like I was thrown in the lion catch. Had no idea what I was going to, was just told free lunch 
Posted on 10/26/17 at 11:01 am to Giantkiller
quote:
It's so housewives can learn how to force thrive, it works, and Rodan + Fields bullshite to all their Facebook friends.
Most networking groups do not allow multi level marketing sales reps, such as R&F, to join and become members.
Posted on 10/26/17 at 11:16 am to PlatinumAlloy
quote:
Any experiences with a BNI group?
When I was in it, the real estate agent, insurance broker and mortgage loan officer all seemed to do well with referrals.
Everyone else, not so much.
Posted on 10/26/17 at 11:19 am to yellowfin
same I could see the benefit of going if you're a one and done type transaction business for the referrals but other than that it seemed like a giant waste of time.
Plus I generally hate people that go all in on these types of organizations and are obnoxious as shite about it, which this chapter seemed to have tons of.
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