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The benefits of being a BNI member...
BNI provides a structured, supportive, business
environment in which local business people can
get together to network, learn valuable new marketing
skills and develop the strong personal relationships
that lead to trust and the consequent generation
of significant business for each other.
Before
we discuss the benefits of being a member of
BNI, the largest organisation of it’s
type in the world, first let’s consider
two other alternatives to generating business.
The Cold Call
To get your business known you could rely on mass
advertising, print say 1,000 or 2,000 leaflets
for targeted distribution or door-to-door leafleting,
you could also buy advertising space in a periodical,
some national publications charge up to £1,000
for a half page colour advert, an additional
cost to consider with this is employing the services
of an expensive graphic designer to produce your
advert.
After
all this effort, how do you know if the customers
you’re attracting really know all
there is to know about your product or service?
True you will attract business and at the same
time you will also attract people who want a product
you don’t carry or a service you don’t
provide.
The
Yellow Pages
To place an advert in the Yellow Pages costs about
the same as membership of BNI. Being listed in
the yellow pages is great, your business is categorised
and people can find you easily if they know the
alphabet. But why should they chose to call you,
they still are none the wiser about you although
they know what service you provide.
Business
Through Referral
Here’s a fact that most people in business
today are well aware of. It’s much better
to do business with people who trust you. The referred
lead is typically a much better prospect than someone
you’ve never met or spoken with before, someone
with whom you have nothing or no one in common.
The referred prospect, experienced business professionals
agree:
- Is easier to close
- Has far fewer complaints
- Is more loyal
- Remains a client longer
- Is more trusting
Professionals also like referrals because they
bring in customers at little or no cost. Cold
calling, (which almost everyone hates) wastes
an enormous amount of time for the few sales
it eventually closes. Advertising, even when
narrowly focussed on specific markets, is still
relatively inefficient. But a single referral
can bring a chain reaction of business, as
one satisfied customer tells others, who in
turn tell still others.
BNI
is the most successful business referral organisation
in the world, there are currently over 2,000 chapters
in operation with more than 40,000 members; members
of BNI last year passed over 1,700,000 referrals
which translated into over £403 million worth
of business.
BNI and Education
BNI also host a number of training events and functions
to educate their members so they can gain more
business. Two principle workshops run by BNI
are:
- Presentation skills workshop
- For
you to hone your presentation skills and network
with BNI members from a variety of chapters
- Referral skills workshops
- If
you’re worried
about giving referrals
to other members
this workshop will teach
you to listen for a need
during your normal working
week and how to introduce
other members of your chapter.
Members
Day’s
Coaching and training in business is a very expensive
sport in many circles. I personally know a coach
that charges £250 per hour for his advice
and whilst I don’t dispute his professionalism
or the results he achieves for his clients, within
BNI the cost of attending a one day event to
get up to the minute business advice is £30 – which
includes food and drink.
Just
a few of the subjects covered are:
- Choosing
your next customer
- Increase profit by caring for your team
- Looking after your new customers
- Top ten ways to get more business from your
membership
Success Net
To summarise all the training BNI members receive
a quarterly newsletter which covers chapters
across the country and is filled with advice
and business testimonials from members.
Social
Days
Business would be pretty dull if we didn’t
have some fun now and again. Being part of BNI
means you enjoy subsidised prices on functions
organised within the chapter. Just a few of the
recent events have been:
- A
dinner dance
- Go Kart racing
- Murder mystery dinner
- Horse racing at Fontwel
This
isn’t for me - I can’t stand up
and do a presentation, I get too nervous.
It’s OK to be nervous, myself and many others
in the room also felt the same way when we became
members. It’s a fact
that people are more afraid of public speaking
than they are of death by fire. The point here
is that repetition breeds confidence and I’d
much rather stand up and tell people about my business
and see it succeed, than tell no one and see it
fail.
Well
this all sounds pretty good but I don’t
want to get up early once a week to be here. Why
do these meetings have to start so early?
Commitment to building relationships is a key philosophy
to BNI and we only want the most dedicated professionals
to become part of this chapter and it’s continuing
growth. The simple reason the meeting starts at
7 is this - if you’re serious about your
business, you’ll be serious about seeing
it grow, and if you’re serious about seeing
it grow, you’ll be here at 07:00!
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