Do you really Need to Be in a Business Network Group

 

One of my fellow agents asked the following questions by email:

""Hey Mike,

do you think business networking groups work?

Thanks!

-- ""

I replied her back with this email:

""

On Jun 21, 2012, at 5:43 PM, "Mahesh Patel" <maheshpatel23@gmail.com> wrote:

I was with BNI for a year and a half… got leads.. etc  but it takes a lot of time .

If you spend the same time prospecting your own sphere or online you will do more…for sure.

Here is why I quit BNI abruptly

I was talking to a RE manager and told him I am in a BNI group. He asked me why?

I said to build relationships so I can get referrals.

He said Cool!

Then he asked me how many people I know   friends family etc.. that would or could give me referrals or biz if I asked them

I said 100-150

Then he asked me.. how many time do you ask them for referrals or meet…

I said I don’t have time for them all , I ask them here and there..

So he said… If you have 100-150 people you know and you do not have time for them, why do you want to make that group to 200????

SO I quit…and am glad I did.

I have more time now."""

 

Bottom line is: If you have enough of a sphere, you do not need to network for new sphere... work you sphere.."

Cheers. 

Mahesh Mike Patel    Prudential Ca Realty   714.470.8600   mikepatel@sbcglobal.net 

www.MikePatel.com     www.MyAreaHomesForSale.com   Facebook connect!

 

               

 

 

 
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10 Comments on Do you really Need to Be in a Business Network Group

JUN
21
882,282 Points 10 Featured Posts Attended Rain Camp Called Shot Master

Mike, very valid reasons for NOT being a part of BNI - apart from cost associated with it and time commitment.

During the same time, you may prospect your SOI or any other source that would give you quality leads.
7:30pm • #1
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Interesting... One of the reasons I didn't like the idea of this type of group is that you may not think the 1 or more folks in your group are worthy of a referral.. and there is a lot of pressure to make referrals.
7:35pm • #2
390,863 Points 27 Featured Posts Outside Blog Called Shot Master

Mike: Praful sent me and glad he did. That is so true. I've seen more people go to business association functions (and, of course, belong and pay good money for it) and when you ask them what kind of business they get from it, they hesitate to answer. Lots of agents just feel good in a group, have a feeling of belonging, have people to chat to. I'm not that kind of person. I like to go out there and stir things up myself. I want to do things my own way, try new things. Not that they aren't good people, but I just don't have the time.
7:43pm • #3
236,815 Points 2 Featured Posts Called Shot Master
Praful: thanks for the comments, yes networking does take a lot of time. It is good to network to build your sphere, but if you already know a lot of people, it more advantageous to work on them directly...
7:52pm • #4
236,815 Points 2 Featured Posts Called Shot Master
Joan: yes time pressure and you are forced to give referrals, even id some of the guys may not be best suites...
7:56pm • #5
236,815 Points 2 Featured Posts Called Shot Master
Hella, i like the direct approach as well. I go to enough functions to meet people and build my sphere...
7:57pm • #6
1,157,830 Points 38 Featured Posts Localism Sponsor Outside Blog Called Shot Master

 

People get out what they put in 99% of the time in business and if not, they must adapt to changes.
8:33pm • #7
236,815 Points 2 Featured Posts Called Shot Master
Laura: absolutely
8:39pm • #8

It's the people that you personally know which are the best people to refer you. They're the ones that already know and trust you... However, unless you're already overwhelmed with business, more referrals couldn't hurt...
11:27pm • #9
JUN
22
236,815 Points 2 Featured Posts Called Shot Master
Jason: networking is always great, it may become a burden when you have enough people that you know, and you ignore them and yet find new people to get to know you for more referrals... Its like the online leads, If you have so many online leads that you cannot manage and focus on, why sign for another lead generation online system at that time.: Waste of time , money and efforts... Thansk for the comments.
6:22am • #10


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Mahesh Mike Patel - Search Anaheim Homes -For Sale Anaheim Anaheim Hills Ca

Mike Patel

Anaheim Hills, CA

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Prudential California Realty

Address: 181 S Old Springs Rd, Anaheim Hills, CA, 92808

Office Phone: (714) 279-3438

Cell Phone: (714) 470-8600

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We work with both buyers and sellers. Our experience includes Traditional Sales, Short Sales, bank owned sales and investment sales. We have over 15 years of Experience and Results. Certified Short Sales Expert, CDPE



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