What is BNI and how it works?
What is BNI and how it works?
BNI stands for Business Networking International. It is the world’s leading business referral organization with nearly 285,000 members in 10,500 chapters worldwide. BNI operates a network of franchises in different territories.
How much does joining BNI cost?
The investment to join BNI consists of an application fee and a participation fee: Application Fee: $199. Participation Fees: $599 for a one year membership, or $1,148 for a two year membership.
What is the purpose of BNI?
BNI is a business and professional networking organization that allows one representative from each profession to join. The sole purpose of the group is to give its members more business. It’s based on the concept that what goes around comes around.
Are BNI groups worth it?
If you are a very busy person, the ten hours on average that you spend at the BNI may not be worth it since it will be several months before you will see a return. The BNI works well for those with traditional small businesses—plumbers, accountants, pest exterminators, or other small service providers.
What are the 7 core values of BNI?
Core Values
- Givers Gain® Be willing to give first, before you expect to gain.
- Traditions + Innovation. We honor our traditions and look to a brighter future fueled by innovation, optimism, and excitement.
- Building Relationships.
- Lifelong Learning.
- Accountability.
- Positive Attitude.
- Recognition.
Who runs BNI?
Dr. Ivan Misner is the Founder & Chief Visionary Officer of BNI, the world’s largest business networking organization. Founded in 1985 the organization now has over 9,800 chapters throughout every populated continent of the world.
How much does it cost to start a BNI chapter?
BNI Global Franchise Costs & Fees
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $45,000 | $45,000 |
| Orientation and Conference and Travel Expenses | $2,000 | $4,000 |
| Training Fees | $2,200 | $3,400 |
| Professional Fees | $2,000 | $10,000 |
How do I invest in BNI?
If you wish to participate in BNI you may complete an application and submit it to the chapter you wish to join, along with payment. A new member application is reviewed by the chapter’s Membership Committee, or the Chapter Director Consultant if the chapter is just forming.
Where do BNI fees go?
BNI California Capital Region is a service and support company that facilitates the creation of referral networking chapters in order to increase business and profits for our members. The cost of membership pays for the structure, training, and administration of the BNI system.
How do you make money in BNI?
BNI franchisees make money by maximizing the number of chapters within their region and maximizing the number of members within each chapter. Each BNI member pays annual dues and this recurring revenue is an important advantage of the BNI franchise model.
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