
Business
networking requires
commitment.
One element of this commitment is the financial investment to join
BNI. Although the initial investment to join is not
significant, it is a symbol of a company's or an individual's
commitment to embrace the BNI system, and to the other members of
a chapter.
The investment to join
BNI consists of a registration fee, plus a participation fee
as is shown below:
-
Registration
Fee: $100.
-
Participation
Fee:
a. Option 1. $330 for a one year membership,
or
b. Option 2. $510
for a two year membership.
Therefore, the
initial investment to join BNI is $430 for one year or, $610
for two years.
If you wish to participate in
BNI you may complete an application and submit it the
chapter treasurer, along with payment.
An
new member application is reviewed by the chapter's
Membership Committee, or Chapter Director if the chapter is
just forming, and the prospective member notified of the
application status as soon as possible.
It should also
be noted that many chapters levy dues against members in
order to pay for the chapter meeting place. These
charges are separate, and in addition to the investment to
join BNI, and are at the discretion of individual chapter
management teams.
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, member-ship 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 business
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 South West Director.
For more information contact the BNI Arizona office at (602) 788-1606,
send email or complete the
online
information request form.