Networking groups.

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Real Estate Agent with LoFaso Real Estate Services

I am the president of a BNI Networking group. I was curious what other groups members belong to and what your experiences have been. I know it's been a bit slow getting new members to join, I guess because of the cash outlay and time needed. The good thing about BNI is once you're in the group you lock out your competition. Let me know what your thoughts are.

 

Jack

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Ambassador
583,686
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
I have been asked to join a BNI group...but I also could not because of the cash outlay...and the time commitment.....so I just do this....get social online..
Mar 17, 2008 12:37 PM #1
Rainer
51,348
Debra Drummond
RE/MAX Gallery - Plymouth, MI
MichiganMoves Real Estate in SE Michigan

I very involved in a local chamber of commerce. We formed a networking subgroup loosely based on BNI. What we didn't like about BNI was the dues and the early morning meeting time. Our group is free and meets at 9 AM every other week.

Works great for us.

Mar 17, 2008 03:56 PM #2
Rainer
32,082
John Egan
LoFaso Real Estate Services - Brunswick, OH

Debra:

The early morning meetin times are not set in stone. In our area we were the fist lunch group to form and have been going strong for 1 year now. I know the dues are a hindrance to some, but the rules in place make BNI work. Many groups have decided to leave BNI and go out on their own only to dissapear in a short time. One advantage of BNI is the one person from each industry unlike the chamber.

I also know there is not a member in our group who hasn't more than recouped there original investment since they joined the group. We are very strict as to what a referral really is, and do monitor them so everyone knows. The training offered through BNI is excellent and they're there to help you get your group up and running and after that there to help you keep you group growing.

I wish you the best of luck in all your endeavors.

Jack

Mar 17, 2008 11:05 PM #3
Rainer
6,925
Kevin Gyllenblad
Edina Realty Crosslake - Crosslake, MN
Broker - Brainerd Lakes Area

Hello,

We just had our kick off April 1 in Pequot Lakes Minnesota.  When we closed the chapter we had 25 members, when we had our kick off we recruited 23 additional members!  I received a referral for a home on Pelican Lake at the meeting, needless to say I was at there home 3 hours later. I feel there home would sell in today's amrket for $1,275,000.  Powerful group of people networking.

Kevin Gyllenblad

Apr 03, 2008 07:10 AM #4
Rainer
32,082
John Egan
LoFaso Real Estate Services - Brunswick, OH

Kevin

That's awesome, it shows the power of BNI, Givers gain does really work.

 

Jack

Apr 03, 2008 09:38 AM #5
Rainer
41,374
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

John: I joined BNI a couple months ago and I am using the principles I am learning there throughout my business and sharing with others. Our chapter is 28 (really 25 strong) and we are doing a membership push in May. I have three new people I am going to invite and one person I invited did join. I just got my first referral that became a client yesterday.

Cost is a factor, but I figured if I wanted to be successful I had to place myself with like-minded people. They are. 

I will get a third of my new business through BNI. 8-) 

Apr 10, 2008 01:19 AM #6
Anonymous
Tara
Glad things are working out for you. I just finished advanced leadership training, i'm the chapter president, and we're planning a visitors day May 6th. i'm looking to grow our so we can increase referrals . Jack
Apr 10, 2008 02:35 AM #7
Rainer
12,350
Christopher "Chip" King
FAIRCLOUGH REALTORS - Sparta, NJ
ABR, R, QSC, BMF

Hello Jack,

I have recently joined a LeTip group in Rockaway, New Jersey.

It is basically a BNI type of group and I feel that it is going good.. although the number of referrals is small due to the nature of our business.

An interesting note on one referral I received... I was out one day on a hike and the cellphone rang and a gentleman asked me to come and give a listing presentation on his 2.5 million dollar home. The referral came by way of a LeTip memeber's secretary that had seen me in the office and knew me to be an agent in that particular area! The member was not there at the time and she took it upon herself to give out the referral... nice job!

Chip 

May 28, 2008 02:38 AM #8
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