April 20, 2009 Welcome, and thank you for your interest in BNI Mid-South!
BNI
was started in January 1985 by Ivan R. Misner, Ph.D. BNI provides a positive, supportive, and
structured environment for business people to grow their businesses through
word of mouth marketing. Since 1985, BNI
members have exchanged millions of referrals which have resulted in an excess
of $13.6 billion dollars in business.
In
2008, BNI's 111,000+ members located in 40+ countries, passed over 5.6 million
referrals resulting in more than $2.3 billion U.S. dollars worth of business!
Belonging
to BNI is like having dozens of sales people working for you because all the
other members carry several copies of your business cards around with
them. When they meet someone who could
use your products or service, they hand out your card and recommend your
services.* It's as simple as that!
It's
simple because it's based on the proven concept of "Givers Gain." If I help you, you'll help me and we will
both benefit as a result. Would you like
to increase your business by 20%, 30%, 50% or as much as 100%? You can see results like this! Many have. Some participants have added as
many as 50 new clients in the first 2 years!
BNI's
sole purpose is to provide a structured environment for the development and
exchange of quality business referrals.
If referrals are an important part of your business, then BNI is the
organization for you.
Successful
businesses depend on word of mouth. Word
of mouth advertising is the best advertising there is. BNI provides a structured and supportive
system of giving and receiving business.
It does so by providing an environment in which you will develop
personal relationships with dozens of other qualified business
professionals. By establishing this
"formal" relationship with other people, you will have the
opportunity to substantially increase your business.
For
more information, please contact us by completing the online information
request form.
Below you will find some
additional information which you may find helpful.
April 20, 2009 Visiting a BNI Chapter
The
best way to find out about BNI is to visit a chapter. Visitors may attend chapter meetings twice
ONLY (one chapter twice, or two chapters once each), before they will be asked
to make a decision about joining.
Visitors may NOT promote their business in a chapter where their
business category is represented. It is
not necessary to have an invitation to visit a chapter, however it is best to
contact the president of the chapter prior to the visit. You may also click here to email the BNI Mid-South
Director.
Business
networking requires commitment, not obligation!
The most successful chapters of BNI are comprised of as many as 50
members who are sincerely committed to helping one another through networking.
They are a team.
It
is important for visitors to be aware of the following BNI policies:
• Only
one person from any professional specialty is permitted to join each BNI
chapter.
• An
individual BNI member may represent only one business category.
• Members
represent their primary occupation.
• Attendance
is critical. Chapters conduct weekly 90-minute
business meetings, and all members commit to weekly attendance.
• You
may not join a BNI chapter if you are a current member of another
referral-based networking group.**
April 19, 2009 New Chapters
You should note that some professions
(particularly residential mortgage brokers, realtors, insurance professionals,
and financial advisors) may find it extremely difficult to find a chapter or
forming group with an opening for their business category. If you are interested in starting your own
chapter, please contact the BNI Mid-South Director.
April 19, 2009 Joining a Chapter
An
individual may be a member of one chapter only.
A company may have individuals representing them in several
chapters. Applications are available at
chapter meetings, and members of the chapter will assist with their
completion. A new member application is
reviewed by the chapter's Membership Committee, and the prospective member
notified of the application status as soon as possible. The investment to join BNI is small compared to what most businesses spend on other forms of advertising each year. It is important to note that in addition to annual membership dues, chapters may charge an
additional fee to pay for the space in which the meeting is conducted. These charges are separate, and in addition
to the investment to join BNI, and are at the discretion of individual chapter
management teams.
As
a participant in BNI you are responsible for complying with the policies and guidelines
of the organization.***
April 19, 2009 Where does the money go?
Most
people see only the tip of the iceberg when looking at BNI. For most members, BNI can appear to be just
the weekly meeting with your chapter members, but it is so much more! To begin with, the most valuable questions a
member (or potential member) should ask are.
1.
"Am I getting as much or more business referred to me as other BNI members
in similar categories, and if not, why not?"
2.
"Is the amount of business referred
to me sufficient?" BNI is a private
marketing business. Compared to other
business expenses or forms of advertisement, membership in BNI's marketing
program is not excessively expensive.
One
reason we are asked about the destination of membership fees is that the operation
seems, on the surface, to be very simple and easy. But BNI is not a simple activity. Word-of-mouth marketing is a performance
activity that requires constant vigilance, energy, maintenance, and new growth.
Like so many performance activities, BNI
staff members make the system look easy. BNI is operated by a professional staff who
initially created, and now work to maintain, a user-friendly marketing
system. Take away the BNI infrastructure and staff,
and the service provided through the program will decline rapidly.
BNI
is a service company. All service
organizations have the following expense lines:
Staffing:
The bulk of a service organization's revenue goes toward paying staffing costs.
To hire superlative staff, the
organization has to meet market demands like any other employer
organization. In the case of BNI, we
benefit from the dedication and enthusiasm of our talented and experienced
staff.
Marketing
and Advertising: To survive, all organizations must dedicate a portion of their
budget to marketing and advertising of their name, product, and benefit. This line pays for brochures, this website
(and BNI.com), flyers, publications, public relations, specialty items,
consultants, public seminars, and more.
Administration:
All organizations need a semblance of administration and management in order to
operate smoothly and grow. Most
organizations like to keep their administrative costs streamlined, but all
organizations have administrative needs. Administration includes rent, office supplies,
computers, accounting, and other items or services necessary to conduct
business.
Communications:
Business organizations must communicate with clients, suppliers, colleagues,
advisors, consultants, and the general public. Communication with local, national, and
international organizations is a vital requirement for staying competitive and
includes various networking techniques and strategies. A portion of an overall budget is allocated to
these processes, which include travel, phone, faxes, meetings, etc.
Operational
Overhead: To keep abreast of the times and remain competitive, all
organizations must conduct or pay for research and development of new products,
trends, activities, and strategies. In
the case of a franchise organization, headquarters does most of this work. Hired specialists who consult in specific
project areas might be retained to work on special time-limited areas. One example of BNI research and development
was the development of the Member Success Program.
Training:
As is said by many large multinational organizations, "Our most precious
resource is our people." Investment
in the upgrading and training of staff is crucial to maintaining a competitive
edge in the marketplace and, retaining staff. Training expenses represent a growing cost for
all organizations. A significant portion
of BNI's budget also goes to training BNI Directors, Leadership Team members,
and their committees.
Special
Projects: To stay current and competitive, organizations must look for new
programs to continually offer value and service to their existing clientele,
maintain market share, and to attract new clients. One example of a special project is SuccessNet
Online.
Beyond
this statement about "Where the Money Goes," each member, as an
independent businessperson, must make his or her own decisions about where best
to place revenue against expenses in order to meet business goals and
objectives. Whether a BNI membership is
a favorable expense is an individual business decision and should be made
within the private confines of each businessperson's management team. One method for evaluating one's growth
potential within BNI is to carefully interview other successful members in the
same business category. These contacts
may be arranged through consultation with the BNI Mid-South Director.
*Some
professionals specifically attorneys and certain health care professionals, may
not be permitted to seek direct referrals through in person solicitation
through the use of business cards pursuant to their ethical code. Members of BNI that belong to these
professions are directed to follow their profession's own ethical guidelines.
**A
referral-based networking group is defined as one which requires the following
of its membership:
1.
Members are expected to find business referrals for other members.
2.
Only one person from any professional specialty is permitted to join a
individual group/club/chapter.
*** In the event that
BNI's general rules could potentially violate a professional's ethical code,
the professional's ethics code shall govern.