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Business Networking International Review - Review on BNI

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Business Networking International also referred to as BNI was founded by business consultant Ivan Misner in 1985. The organization forms referral networking groups worldwide. These groups meet every week and the objective to go to and become a member inside a BNI group is to improve your referral business.

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Benefits

There are lots of benefits to joining a BNI networking chapter or other networking group. The number one reason anyone joins a networking group is to gain referrals and increase business. The larger your network could be the more business you're going to create. Another great advantage of networking is the knowledge and details you will receive from other professionals in a variety of different fields. Your speaking in public skills will also improve with more experience.

Drawbacks

There are several strict things that members in BNI have to abide by. Some of these rules include: Only 1 member from each profession or industry are aloud in a BNI Chapter. You are only aloud to miss two meetings annually. Members of a designated chapter usually are not aloud to visit other chapters. This is what's called cross chapter networking.

Costs and Start-up

BNI recruits companies to start chapter networking groups within their community. The presidents receive training to start out and run a networking group. The president of the new chapter turns into a free membership for your first year of the group starting. The president position is rotated yearly through an election process. Obama does not receive any compensation for running the viewers. The membership cost for BNI members is $330 having an additional first year registration fee of $100.

Conclusion

BNI has been a very successful business model for countless years and seems to be effective for small business owners to create referrals. The only real problem that we see with BNI is the inability to pay the presidents that run and manage the audience. The presidents do a large amount of work soliciting and recruiting potential members on the group. They are benefiting for his or her business, however this takes a great deal of time away from them actually running their business.

There are lots of competitive business networking groups out their and BNI should be the largest networking organization available. I would make sure to research diligently and pick the right networking group for yourself.

There is a new business networking organization that's looking to revolutionize the networking arena. The Biz Society is founded on a social networking platform and pays their presidents 20% of all membership. This organization allows service repair shop professional to start a bunch in their area. They provide them the tools and instruction on the way to start and run a successful group.

Last updated 476 days ago by internationalnetworking