Networking

can trades generate business from networking?

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June 5  |  Networking  |   admin

Good question and one that’s not easy to answer. Depends on two factors. How focused are the group in helping someone and how reliable is the person at meeting regularly with the group.

Reliability is a key factor when choosing anyone from the property or automotive trades and if this is a genuine strength of yours, then focus on meeting with a referral group who are focused on generating business for you.

Find a BNI group close to you

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how does a pest controller get business?

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June 5  |  Networking  |   admin

Like every other business the pest control business has a need to get in front of people who want to use their services.  Here, Richard Browning owner of Prevent Pest Control provides an interesting insight into the difference that BNI has made to his business.

Are you leaving money on the table?

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May 25  |  Networking  |   admin

Here Trevor Smith explains how a number of his groups (£1 million pound chapters) are developing the BNI Concept of Power team to a whole new level.

We covered this approach (and a great deal more) with 50 selected BNI members, developing their referral income strategies at the recent power team workshops.

If you missed out please contact your chapter director because what you don’t know and are not doing is costing you money.

 

7 ways Referral Groups Differ from Networking Groups

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May 22  |  Networking  |   admin

Networking events and organisations have an important role to play but given that 95% people don’t make time to follow up in order to build relationships, they have their short comings.

Here is a list of 7 elements that are different in a referral group, the most successful of which is BNI (Business Network International).

1. Networking groups focus on the numbers of people at the event and a Referral group focuses on the referrals passed at the event. BNI actually track the referrals passed and monitor their progress to invoice. They meet weekly in order to establish a follow up routine in order to establish relationships and pass more business.

2. They generally meet early in the morning in order not to eat into a whole morning or afternoon. Members generally get more done before their competitors are out of their bed.

3. BNI provides coaching and training for their members for they know that in developing the collective skills of their members they can achieve more.

4. BNI provides a ‘business like’ structure, focused on creating business opportunities for their members and ‘opening doors’ that otherwise might remain closed. Without the discipline of being held accountable nothing happens, which is why the BNI approach delivers more business.

5. Reputation. BNI has a reputation that attracts business owners who are serious about generating referral business. Their reputation is for experience and longevity. After 26 years one would imagine they have far more collective experience than any organisation just starting out.

6. BNI is Strategic. In order to develop stronger business they promote ‘power teams’ activity (businesses with the same client or target market). 67% of business will come from such strategic partnerships and BNI are particularly experienced in nurturing such relationships.

7. BNI are focused on personal growth. Education co-ordinators ensure that every meeting opens up ideas for ‘working smarter’. Events Coordinators look after the social well being of each group where having fun is an important part of each meeting. Group Mentors nurture the growth of the individual.

Final note. Networking events and organisations including Chambers of Commerce go hand in hand with BNI’s referral marketing system. The meetings are lively, enjoyable and create an energy that the small business owner would derive much support. However, as with everything in life, you will get as much out of it as you put in it. There’s no such thing as a free lunch or even breakfast.