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How Referral Follow-Up Maximizes Your Success in BNI?

The primary reason almost every BNI? Member has for joining this amazing organization is the opportunity for referrals. It?s what we do here at BNI. However, passing a referral is just the first step in the process. It’s important to follow up on referrals to ensure that they are properly taken care of ? and that they result in successful outcomes for all parties involved.

Build Trust & Credibility

Following up on referrals is important for several reasons. First, it helps to build trust and credibility between the referring Member and the recipient. When a referral is passed, the referring Member is putting their reputation on the line by recommending someone to their client or contact. If the referral goes unanswered or unacknowledged, it can reflect poorly on both the referring Member and the recipient. Following up on referrals shows that the referral giver is committed to helping their clients and contacts, and that they take their recommendations seriously.

Ensure Qualification & Fit

Second, following up on referrals can help to ensure that the referral is properly qualified and that the recipient is a good fit for the referral. Not all referrals are created equal, and not all referrals will result in successful outcomes. By following up on referrals, the referral passer can ensure that the recipient has received the referral, that they understand the referral, and that they are the right person to follow up with. This can save time and effort for both parties involved ? and can help to ensure that the referral is a good fit for everyone.

Generate New Business

Third, following up on referrals can help to close the loop and generate new business for both the referring Member and the recipient. When a referral is passed and followed up on successfully, it can lead to new business opportunities for both parties. For the referring Member, it can lead to new referrals from the recipient, as well as increased credibility and trust with their clients and contacts. For the referral recipient, it can lead to new business from the referral, as well as increased visibility and credibility within the BNI network. Best of all, it can lead to a reciprocal relationship where both parties continue to give business to each other in their dynamic power team.

Tips for Effective Referral Follow-Up

So, how can you ensure that you are following up on BNI referrals effectively? Here are a few tips:

  • Make it a priority. Following up on referrals should be a top priority for all BNI Members. Set aside time each week to review your referrals and follow up with the recipients.
  • Be timely. Follow up with referrals as soon as possible after receiving them. This shows that you are actively committed to helping your clients and contacts.
  • Stay in touch. If you don’t hear back from a referral recipient, don’t give up. Follow up with them multiple times, through different channels if necessary (e.g. email, phone, text, in-person).
  • Provide feedback. When following up on referrals, provide feedback to the referring Member ? ideally in a 1-2-1 ? on how the referral was received and whether it resulted in new business. This helps to build trust and credibility within your BNI network. And don?t forget to give a testimonial to thank the referral recipient for a job well done!

When you make follow-up a priority, you maximize the value of your referrals and build strong, lasting relationships within your Chapter.

Want Referrals for Life?? Simply Follow BNI’s 7 Core Values

Maintaining a successful business is a goal that drives us as entrepreneurs and business professionals. But how do we build a business that not only thrives but also attracts a constant stream of referrals? The answer lies in adopting the Core Values of the world’s leading business networking organization. By embracing BNI’s 7 Core Values, you will not only grow your business, but also increase your visibility within your community, making you a magnet for referrals.

1. Givers Gain?

The first Core Value of BNI? is the principle of Givers Gain?. This simple yet powerful philosophy states that by giving business to others, they will want to give business to you. In other words, if you help others succeed, they in turn will be motivated to help you.

To apply this principle, focus on building relationships with other business owners and professionals within your community. Be willing to help, support, and offer your expertise whenever you can. By doing so, you’ll be seen as an asset and people will be more likely to refer business to you. Remember: give unconditionally. It will open new doors and create new referral opportunities.

2. Building Relationships

At the heart of any BNI Member’s success is the importance of building strong, long-lasting relationships. Relationships are the foundation of any successful business, and by fostering genuine connections with others, you will create a network of people who trust and support you.

To build strong relationships, focus on getting to know people on a deeper level. Have meaningful 1-2-1s. Give heartfelt, memorable testimonials. Share your expertise and mentor those new to networking. By being present and active, you’ll demonstrate that you’re committed to creating meaningful connections and growing your network.

3. Lifelong Learning

The third Core Value of BNI is Lifelong Learning. By continuously seeking out new knowledge and staying up to date with the latest industry trends, you’ll be able to offer valuable insights and solutions to your clients and peers.

To practice Lifelong Learning, attend BNI trainings, webinars, and Leadership Team meetings. Follow us on LinkedIn. Subscribe to BNI SuccessNet. Stay current with educational opportunities in your field. Read industry publications and relevant blogs. By investing in your professional development, you’ll become a trusted, go-to expert in your industry, increasing your credibility along with your chances of receiving referrals.

4. Traditions + Innovation

BNI values the importance of balancing traditions with innovation. Respecting tried-and-true methods is essential, but so is being open to new ideas and ways of doing things.

To embody this value, adapt and evolve your business practices as needed. Keep an open mind and be receptive to new technologies, tools, and methods that can help you stay ahead of the competition. By embracing innovation and respecting traditions, you’ll create a business that’s built to last and worthy of attracting referrals.

5. Positive Attitude

A positive attitude can make all the difference in your personal and professional life. By approaching challenges with optimism and resilience, you’ll be more likely to find creative solutions and inspire confidence in those around you. And besides, no one wants to do business with a negative person.

To maintain a positive attitude, practice gratitude, focus on your accomplishments, and surround yourself with like-minded individuals. By doing so, you’ll create an uplifting environment that will not only help you succeed but also attract others who want to be part of your success story. Where better to find these people than in your own BNI Chapter?

6. Accountability

BNI’s sixth Core Value is Accountability, which means being responsible for your actions and following through on your commitments. When you’re accountable, others can trust that you’ll deliver on your promises and that you’ll be there to support them in their time of need.

To demonstrate accountability, establish manageable goals and expectations for yourself, your business, and your BNI membership. Communicate openly and honestly with your clients and referral partners, and always follow through on your commitments. By holding yourself accountable, you’ll build that all-important trust within your Chapter, making your fellow BNI Members more likely to refer business to you.

7. Recognition

The final Core Value of BNI is Recognition. By acknowledging the achievements and contributions of others, you can foster a supportive environment where everyone feels valued and appreciated.

To practice recognition, take the time to celebrate the successes of your clients, colleagues, and fellow BNI Members. Share their accomplishments on social media, write them a sincere thank-you note, or give them a shout-out in your Chapter meeting and on social media. By recognizing the hard work and dedication of others, you’ll create a culture of mutual support, strengthening your relationship and making it more likely for others to refer business to you.

Harness The Power of BNI’s Core Values

By following BNI’s 7 Core Values, you’ll create a powerful foundation for success inside and outside of BNI. Not only will you grow your business and increase your visibility within your community, but you’ll also become a person deserving of referrals for life.

Remember, the key to unlocking a constant stream of referrals is to give without expecting anything in return, build strong relationships, commit to lifelong learning, balance tradition with innovation, maintain a positive attitude, hold yourself accountable, and recognize the achievements of others.

Start implementing BNI’s Core Values today and watch your business soar to new heights!

3 Reasons More Visitors Mean More Value

As a business owner, you know the importance of networking and building strong connections with other professionals. That’s why you joined BNI. But have you considered the impact that visitors can have on your BNI membership? Here are the top 3 reasons why an increase in visitors improves the overall value of your BNI membership:

1. Increased Exposure and Referrals

With more visitors attending meetings, BNI Members have more opportunities to promote their business to potential customers and receive referrals from other Members and visitors.

2. Strengthened Business Growth

Ultimately, the goal of BNI is to help Members grow their businesses. With more visitors attending meetings, Members have access to more resources and opportunities that can help them achieve their business goals and generate new business. By creating a more dynamic community of business professionals, BNI Members can tap into a wider range of skills, knowledge, and contacts that can help them thrive in today’s competitive business landscape.

3. Broadened Category Exclusivity and Complementary Categories

Visitors are the lifeblood of BNI Chapters, as they play a critical role in creating a diverse and inclusive membership that is essential for building a robust referral network. By filling in missing categories and complementary businesses, visitors help to ensure that BNI Chapters are well-rounded and comprehensive, allowing all Members to benefit from a wider range of referrals and opportunities. This not only increases the value of BNI membership, but also makes each Chapter more effective and successful in helping businesses grow and thrive.

Having more visitors attend your BNI Chapter can have a significant impact on the value you receive from your membership. Increased exposure, enhanced networking and referral opportunities, and strengthened business growth are just a few of the benefits you can experience.

Not a BNI Member yet and ready to take your business to the next level? Visit a BNI Chapter today to build valuable connections with entrepreneurs and business professionals and discover the opportunities waiting for you.

Long-Term Business Success Through Personal Connections

In today’s digital age, it’s easy to fall into the trap of relying solely on online marketing and social media to build your business. While these tools can be effective, they cannot replace the power of personal connections when it comes to long-term business success. For Members of BNI®, cultivating personal relationships with other Members is a critical aspect of growing their businesses. The concept of Referrals for Life® is all about taking that value to the next level, by committing to a long-term approach to networking and referral generation. In this post, we’ll explore the importance of personal connections on long-term business success and how BNI Members can leverage those connections for maximum benefit.

Building Long-Term Business Success through Personal Relationships

At its essence, BNI’s philosophy of Givers Gain® means that by giving business to others, you will receive business in return. This philosophy is built on the understanding that networking is not just about making sales, but about building long-term relationships based on trust, respect, and mutual benefit. This is especially true when it comes to generating referrals, which are the lifeblood of many BNI Members’ businesses. When you have a personal relationship with someone, you are more likely to trust them and refer business to them. This trust is built over time, through regular interactions and shared experiences.

Personal connections are a key component of long-term business success. When it comes to networking and building relationships, few organizations are as effective as BNI. BNI provides business owners and professionals with a platform to connect with others in their industry, build relationships, and generate new business opportunities.

From Visitor to Member: Tammy Samuel’s BNI Success Story

Tammy Samuel, a current BNI Member in BNI USA, shares her experience with BNI. She says, “I first heard about BNI through my franchise mentor and every time we spoke, he would ask, ‘Have you joined yet?’ When I finally gave in and went to a meeting, I fell in love with the friendship of the team, the family-like feel, the constant referrals everyone spoke about, and genuine desire to watch everyone be successful. Within the first 3 months of being a Member, the referrals I received paid for my annual membership fee.”

Beyond Referrals: The Additional Benefits of Cultivating Personal Connections

But the value of personal connections extends beyond just generating referrals. When you have a network of trusted colleagues and friends, you have a support system to turn to when you need advice, resources, or just a listening ear. Business can be tough, and it’s essential to have people in your corner who understand what you’re going through and can offer guidance and support.

Personal connections are a key component of long-term business success. By building genuine relationships with others in their Chapter, BNI Members can generate more referrals, establish a support system, and lay the foundation for a thriving business that can last for years or even decades. Referrals for Life® is all about taking a long-term approach to networking and referral generation, and personal connections are a critical part of that approach. So, take the time to get to know your fellow BNI Members and invest in those relationships for the long haul. The rewards will be well worth it.

If you’re not a BNI Member yet, don’t miss your chance! Visit a BNI Chapter today. If you’ve been searching for strategies for business development, you’ve come to the right place! BNI has more than 38 years of experience in entrepreneur networking and education. We can’t wait to meet you!

Join Us for International Networking Week?

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Join Us for International Networking Week?

For the sixteenth consecutive year, BNI? is celebrating International Networking Week?. From February 5th ? February 11th, BNI members from around the world will come together to network, share their success stories, and invite others to experience the benefits of referral marketing.

This exciting weekly event began as a way to help business leaders around the world connect and build their networking skills together within a global entrepreneurship network. Today, International Networking Week? has grown into a world-class week of small business networking activities with Members from more than 75 countries taking part!

Opportunities to Network and Connect

International Networking Week? is an incredible opportunity for BNI Members to expand their network. BNI Chapters are hosting exciting networking events to help Members build strong relationships, generate valuable referrals, and connect with local entrepreneurs and business professionals.

Culturally Diverse Perspectives

One of the best things about International Networking Week? is the chance to connect with BNI members from different industries, countries and cultures. This diversity of perspectives can provide the valuable insights, fresh ideas and new opportunities for growth that only an organization like BNI can. Additionally, International Networking Week? is an opportunity to learn from BNI’s top leaders and trainers, who generously share their wisdom and experience on a variety of topics related to referral networking and business growth.

International Speed Networking ? February 7, 2023

We invite you to participate on Tuesday, February 7th for a day full of International Speed Networking, hosted by experienced BNI leaders around the world. We will host six exclusive sessions ?  7am GMT12pm GMT2pm GMT4pm GMT6pm GMT and  10pm GMT  ?  where you will have the opportunity to build your networks and learn from business leaders around the world. These free business networking events WILL max out to capacity, so make sure to reserve your spot today by clicking on the linked times above. Invite a friend: for the first time we have opened registration to BNI alumni and non-Members!

Referrals for Life Webinar ? February 8, 2023

Join us for the Referrals for Life Webinar on Wednesday, February 8th, at 2pm GMT (9am ET) to set your business up for success in 2023. BNI Chairman and CEO Graham Weihmiller will share 2023 global business trends and predictions. Then, BNI Founder and Chief Visionary Officer Dr. Ivan Misner will discuss the importance and relevance of networking in today’s business landscape. Lastly, a panel of BNI Members will share their success stories showing how BNI provides Referrals for Life. Register here.

International Networking Week? is an incredible week of networking and events that you don’t want to miss. If you’re already a BNI Member, we highly encourage you to take full advantage of the events and opportunities available during International Networking Week?.

If you’re not a BNI member yet, don’t miss your chance! Visit a BNI Chapter or register for the events above. If you?ve been searching for strategies for business development, you?ve come to the right place! BNI has more than 38 years of experience in entrepreneur networking and education. We can?t wait to meet you!

3 Ways to Attract the Customers You Deserve

How to be the go-to problem-solver for your desired target market.

If you’ve yet to read 2020’s, The Connector Effect by Dr. Ivan Misner, Graham Weihmiller and Robert Skrob (or the current podcast it spawned), below is a crash course on all that these networking gurus preach when it comes to corralling the ideal customer.

For starters — and within two minutes, tops — write a response to each of the below questions or requests. Don’t overthink your answers and know that the more you treat this as a lightning-round style exercise, the more you’ll get out of it.

Describe your ideal customer

Many would-be marketers fail because they never define a target client. Instead, they use words like “everybody” or “anybody.” Defining a target market gives referral partners a mental picture of the best customer to refer to you.

Answer the following if your clients are consumers:

  1. Think of a person who is already a great customer for you: what area do they live in?
  2. What is their family status and profession?
  3. How does their household income compare with the average?
  4. What are they planning, bragging or complaining about?

If your clients are other businesses, answer these questions:

  1. Think of a company that is already a great customer for you: What line of business is that customer in?
  2. What’s the approximate size?
  3. Who makes the buying decisions for your product or service?
  4. What’s the problem they are trying to solve when buying your product?

By being specific you are serving your chapter members by giving them a clear idea of your ideal patron. The more detailed you are, the more effective they will be in finding those referrals for you.

What problems are you solving for these assets?

Too many business people talk about their products and services. This sounds self-serving but, in actuality, talking about the problems you solve makes you into a giver who attracts customers.

  1. List at least three problems your good customer has that makes them ideal for your business.
  2. What is the worst thing that could possibly happen to your clients if their problems aren’t solved?
  3. What is the best thing that can happen once their problems are solved?
  4. Do you have success stories to illustrate how you help your customers? (Client testimonials are a great way to give your network a clearer idea of what exactly you deliver and they demonstrate that your group members can trust you to deliver what you promise.)

Perfect your presentation

Now let’s pull the above information into a brief presentation.

Here are the three elements of the perfect business introduction:

  1. State your professional classification.
  2. Tell a brief story about a problem you solved for a customer.
  3. Request a referral – who do you know who is [insert target customer] who suffers from the issue you corrected. Be specific!

Once you learn how to create these presentations for your business, you can use this skill for any club, charity or campaign you lead.

What To Do When Things Go Wrong

My eldest daughter, Ashley, got married earlier this year. The wedding was at a little venue nestled in Southern California near the ocean.

I experienced something during the wedding that is a great lesson for entrepreneurs everywhere. The sign of a good team is when they do their job well when everything around them is going right. The sign of a GREAT team is when they do their job well when something out of their control goes completely wrong – and yet, they find a solution. Finding solutions to unexpected problems is a strength for any business.

A couple hours before my daughter’s wedding, a vehicle took out a transformer in the neighborhood and the venue lost all power. This was a disaster in the making. However, the manager drove to a hardware store, and actually bought several generators which his team hooked up to the venue just in time for the wedding.

While the wedding party was frenetic over the loss of power, the manager and his team remained calm (at least in front of us) and positive that all would be right with the world, and they would take care of this. His confidence in his team, flowed over to the wedding party (including me – the father of the bride who paid for all of this!!!). There is much to be learned from an entrepreneur or manager who can respond to a serious problem while maintaining their composure in the midst of frantic clients during an ensuing crisis.

The venue brought the power back up with the generators they procured. Everything seemed ready to go. The power came on within minutes of the time that the wedding was to start. The guests were in their chairs, the music played for me to escort my daughter down the aisle. Then, everyone stood to see the bride just before I began to turn the corner to escort her to her awaiting groom… and the power went out again!!! I looked to my right and watched a team of people from the venue run to the generators and fix the latest challenge within seconds. And… the power was up once again within a few moments.

With that, the music also started again. The people remained standing. The venue went above and beyond to get all of us to this moment. Now, I had to escort a VERY frenetic bride-to-be down the aisle. Any bride would be frenzied at this point and my beautiful daughter was certainly in that headspace.

So, as I walked her down the aisle (a very long aisle I might add), I did what any father might try to do – make her forget about her nerves. I could feel her arm trembling as we took our first steps. I leaned over and whispered in her ear, “Have you ever wondered why you park on a driveway and drive on a parkway?” That was so obviously a random statement to make at that moment that she looked at me curiously and said, “What?” I replied, “Or, why is that you send cargo by ships and shipments by car?” The shear randomness of these questions started to make her chuckle. So, I went on to say, “why do you think we call them ‘cookies’ when we actually ‘bake’ them?” Now she’s actually laughing and people had to be wondering what the heck I was saying to her to make her

laugh. As we got closer to her groom I ended with one last question, “Why are they called apartments when they are all stuck together?” At this point she was no longer frenetic, and she had a huge smile on her face as I kissed her cheek, told her I love her, and handed her over to her groom. She was beautiful, calm, and very, very happy.

It’s hard enough to do everything right when things are going smoothly. The test of a team’s ability to perform is how they handle things when serious challenges are going on all around them.

The lessons in this story are:

  • Remain calm during a crisis and project that sense of calm to your clients.
  • Believe in your team (which means you need to have a good one).
  • Don’t focus on the problem – focus on the solution.
  • Act quickly to implement that solution.

Oh, and if all of this happens just before you walk your daughter down the aisle to get married, take her mind off the chaos and have some fun. This last bit of advice can actually work in many situations throughout your life and your business.

The View From Your Windshield

There’s a reason why your windshield’s larger than your rearview mirror.  It’s important to have the clearest view possible of where you are going.  As a result, your windshield is substantially larger than your mirrors.  Don’t get me wrong, it’s important to know what’s behind you and to learn from where you’ve been.  However, if all you are looking at is your rearview mirror, it’s because you’re going backwards.  When you do that in life, you are not living in the present and you are not aware of what may be ahead of you.

Sometimes in life we do need to go backwards a little bit.  However, as soon as possible, we need to put that car in Drive and move forward to our intended destination.  To get to that destination, we should have a map or an app to take us where we intend to go. We set our goal and identify the route to reach it.  Sometimes, we have to take an alternate route because of heavy traffic or accidents along the way (both good metaphors for life).  But in either case – you need to have a general idea of where you want to go. 

I know people who work hard, have a fast-paced life, and are always very busy, but they don’t set life goals (and some don’t even set business goals).  From my perspective, most of these people are lost.  They are lost because if you don’t know where you want to end up, going faster won’t get you there quicker.

Windshield wipers are another great metaphor for life.  Sometimes the weather is so bad, you need something to help keep things clear.  Other times, you need even more help than that.  Years ago, I was driving with my family up to our lake house in Big Bear, California.  Suddenly, we hit a patch of fog that was so incredibly thick, I could not see the road in front of me at all!  Worse yet, we were driving up a mountain so I couldn’t see anyplace that was safe to move the car off the road.  So, I rolled down the window and stuck my head out and literally drove ahead looking down at the little white ceramic Botts’ Dots that are on so many highways throughout the country.  [By the way, they are called Botts’ Dots after Elbert Botts who invented them in the 1950’s.]  I drove very, very slowly staying in alignment with the Dots while my wife looked ahead to warn me if she saw the lights of any car ahead of us (thankfully, she didn’t).  After a mile or two, the fog cleared enough for me to roll up my window and simply drive ahead slowly. 

To me, the metaphor for this is that sometimes we may need an assist to get where we are going. It may be our life partner or business teammates or a mentor who helps us see more clearly. The key is – we generally need to continue to move forward (safely – of course) in order to get to where we want to go.  

One last observation – don’t let objects obstruct your view out of your windshield.  There will be people in life that will get in the way of where you are heading.  Don’t let them.  There will be people who want to stop you or keep you from looking forward. Don’t let them do that either. Keep the windshield of your life as uncluttered as you should keep the windshield of your car.

Your rearview mirror is to see what is behind you, what you already passed, and what is in the past.  With the crazy times we live in, it is more important than ever to remember that your windshield is larger than your rearview mirror for a very good reason.  From this moment forward know that it is the view out of your windshield that will take you where you want to go in life. 

Called the “father of modern networking” by CNN, Dr. Ivan Misner is a New York Times bestselling author.  He is also the Founder of BNI (www.bni.com), the world’s largest business networking organization.  His latest book, Infinite Giving, The 7 Principles of Givers Gain® is a book about building a life and business where you don’t have to choose between winning or helping others. 

The Long-Lasting Power of Speed Networking

This success story comes from David A. Krebs, former Vice President of Miami, Florida chapter BNI Results, in which he holds the Residential Mortgages seat.

It only takes 60 minutes to plant the seeds for fruitful results

In July 2020, I took the plunge and attended my first ever BNI Speed Networking event. Impressed by the long attendee list, I was eager to learn more about my fellow BNI’ers, and I had my elevator pitch (“here’s what sets me apart from other residential mortgage brokers”) all ready to go.

Little did I know, attending the networking event that summer afternoon sparked a chain of events that led me to a client referral, Mateo.  I ended up closing, not one, but two mortgage loans for Mateo in January 2021 and August 2021.

However, it wasn’t just about the end results.  Along the way, I met a residential loan officer in another BNI chapter.  Ironically, despite being my counterpart and competitor, we hit it off, and he was the one who referred me to Mateo.

Attend a BNI Speed Networking event whenever you can.  The exciting twists and turns that come afterwards are well worth the 60 minutes.

What do a health consultant, mortgage loan officer, and an Argentinian green card holder have in common?

Since I joined BNI in 2017, I’ve had the pleasure of meeting people from all different walks of life.  It’s one of the things I love most about BNI.

The July 2020 Speed Networking event was no different. 

Even though the event took place via Zoom (due to COVID), the level of intensity and interaction was fierce.  Sitting in my home office in Miami and armed with just a glass of water by my keyboard, I stayed focused and thoroughly enjoyed the adrenaline rush from meeting so many different people in an hour.

“Hello, health consultant.”  In one of my sessions that day, I was paired with Andre, a health consultant and retired firefighter and paramedic based in Sarasota, Florida.  We had a nice conversation, and Andre recommended that I speak with Tom, the residential loan officer in his BNI chapter, to at least talk shop.

“Hello, fellow mortgage loan officer.”  Shortly after the Speed Networking Event, Andre introduced me to Tom via email: 

Tom and David — I have a feeling the two of you will be able to establish a good relationship. You have the best of traits in common.

And, boy, was Andre right!  During my 1-2-1 with Tom, it was clear that he was a veteran in the mortgage industry.  We started our careers around the same time and experienced the same high and low market swings. 

Then, our conversation became more granular.  We shared our respective shop’s sweet spots and weak spots.  Many do not like admitting weaknesses, but there is no shame in admitting, “We don’t do XX types of business well because of YY.” 

Tom had a client named Mateo looking for a loan.  Mateo was the brother-in-law of a strong real estate referral partner of Tom’s, so it was important to take good care of Mateo.  But, Tom did not have a loan program to fit Mateo’s situation (a non-U.S. citizen looking for a foreign national loan to purchase an investment property using little to no income verification). 

I told Tom, “That’s one of my specialty areas. Send him my way.”

“Hello, Argentinian green card holder.”  Later that same day, Tom sent my contact information to Mateo, and Mateo emailed me right away:

David — I was referred to you by Tom. I live part-time in Florida and part-time in Germany. I was born in Argentina and have a green card but my business where I earn most of my income is in Germany. I want to purchase an investment property on the West Coast of Florida.  Tom told me that you may be the guy to talk to with regard to less conventional loans, since I don’t have U.S. tax returns.

That August 2020 email from Mateo was the first of what would eventually be over 700 emails exchanged (with Mateo, the realtors, my team, the lender’s team) regarding his file.

Patience pays off

It took Mateo several months to find the right investment property.  When he finally went under contract to purchase a waterfront condo that allowed short-term rentals, I closed his loan quickly in January 2021.  The loan program I placed him under required no documentation of income and was relatively painless. 

I gave Tom the good news and put in a TYCFB to him.  Tom was pleased that I was able to make Mateo and his brother-in-law happy:

David — That’s fantastic news! Thank you for letting me know – and thanks for taking great care of them! Keep up the great work! 

Seven months later, in August 2021, I took the initiative to help Mateo show income through a profit-and-loss statement and I refinanced Mateo into a more conventional loan at a lower interest rate.  Again, I gave Tom the good news and put in another TYCFB to him.  Tom was pleasantly surprised:

Hi David — Thanks for reaching out – and for taking great care of Mateo!

Start your own Speed Networking journey today

What began with the click of a Zoom button to join a BNI Speed Networking event in July 2020, resulted in a happy client and a happy BNI referral partner.

But the journey doesn’t end here.  I’ll stay in touch with Mateo and help him whenever he’s ready to purchase his next investment property.  I’ll also continue having 1-2-1s with Tom to talk shop and trade new referrals with him.

When it comes to BNI, you never know what’s around the corner.  And you won’t ever know if you don’t venture out.  Take 60 minutes to try a session of BNI Speed Networking.  Small steps can lead to huge results.

To learn more about my loan programs, including foreign national loans, please visit: https://dakmortgage.com/

To connect with me via LinkedIn, please click here.

To schedule a 1-2-1 with me, please click here.

You?re Going to Need a Bigger Boat

In the 1975 hit movie ?Jaws?, Martin Brody, the Police Chief of a small summer resort town in the northeastern United States, utters one of the most quotable lines in film history when he gets his first up-close look at the Great White Shark.  As soon as he sees it, he slowly backs into the wheelhouse and says to Captain Quint, ?You?re going to need a bigger boat.?

This is the prototypical ?Brody Moment?: a shockingly unambiguous realization that the current resources are no longer a viable option to achieve the results you?re looking for. 

I hope to explain how my Brody Moment came about.  However, the most important thing is for you to think about ?your? Brody Moment as you read about mine.  Understanding your Brody Moment can help you think about your motivations and move forward successfully with your entrepreneurial endeavors.

My Brody Moment came at the end of 1985 after I had opened 20 chapters of BNI by accident – without a plan, without even trying. That?s when I realized that I had struck a chord in the business community.

I was a management consultant in Southern California and I needed referrals for my consulting practice. I needed referrals for my own business, and I hoped that I would be able to refer some of my friends. So, I put together a group where we could start passing business to each other.

I had previously gone to networks that were incredibly mercenary, everyone was trying to sell to me. I went to other groups that were totally social, with happy hour and hors d?oeuvres, but there was no business happening at those events.

I wanted something that had a focus on business without being mercenary and was relational but not transactional; something that wasn?t totally social because I wanted that relationship-building aspect that led to business. Therefore, I created a network that I hoped would satisfy those two considerations.

I wanted to merge that focus on business with the relational aspect, and the glue that would hold it together is the principal core value of Givers Gain? – the idea that if I help you and you help me, we will all benefit by working together.

That one networking group led to another and another until there were twenty chapters within 12 months! That first year, I was method-acting my way through the process; I was figuring it out as I went. I was young – 28 years old, and I really thought most businesses had this figured out. The thing is, nobody had it figured out because we don?t teach business networking in colleges and universities anywhere in the world. What I didn?t expect to find was that everyone has this challenge and that was my Brody Moment.

BNI was an example of necessity being the mother of invention and it helped a lot of businesses. At the end of 1985, I figured out that I ?was going to need a bigger boat?. This way of business networking was going to be much larger than I anticipated, so I sat down and created my business plan to scale the company.

In June of 1986, I had a goal in mind. I went to the library to gather information on populations. (Remember, at that time there was no such thing as Google.)
After extensive research and many calculations, I felt that BNI could have 10,000 chapters someday.

Shortly after that, I told a friend that I thought there could be 10,000 groups someday. And he said, ?10,000?? I replied, ?Yeah, I think it?s possible.?
Then he asked me, ?And how many groups do you have now??
I answered, ?30.?
He said, ?And you think you could have 10,000??
?Yes, I think it?s possible,? I replied.
To which he said, ?It?s good to have goals, Ivan.?

Yes, it was a big goal. And every year, near the end of December, I took time to reflect. I had read the E-Myth by Michael E. Gerber early on and used that as a baseline strategy. I looked at what was working well, and what didn?t work at all.
Each year, I adjusted my plan and revisited the small goals that were all striving toward that one big goal of scaling my company into a global enterprise.

In December 2020, we reached it – BNI had grown to more than 10,000 chapters! And we continue to grow, helping BNI members around the world do business through referral marketing.

As a leader, you?ve probably experienced a few Brody Moments over the course of your career, and you?ve probably got a few more coming. What you do as a result, and how fast you do it, can turn a Brody Moment into a defining moment. 

Called the ?father of modern networking? by CNN, Dr. Ivan Misner is a New York Times bestselling author.? He is also the?Founder of BNI (www.bni.com), the world?s largest business networking organization.  His latest book, Infinite Giving, The 7 Principles of Givers Gain? is a book about building a life and business where you don?t have to choose between winning or helping others.

Success Isn’t An Entitlement

Everyone wants some degree of success.  They might want it in different forms, but I’ve never met anyone who didn’t want to be successful in or at something important in their lives.  This is good, because I believe that everyone’s entitled to pursue success; but, success itself is not an entitlement.  

Success is largely determined by our hard work and our choices.  I know many people who work hard but make bad choices.  It’s amazing how many of them think they deserve to be more successful because they feel like they’ve worked so hard.  On the other hand, I don’t know very many, if any, successful people who have made good choices, but didn’t work hard.

Working hard is only the first part of success.  Making good choices is the second part.  It truly takes both to achieve success at whatever you do.

Many years ago, I knew someone who was constantly lamenting her “bad luck”.  She wasn’t happy with the various jobs that she had over the years, her personal life was a shambles, she was almost thirty, hadn’t completed college, and constantly had money problems.  She often blamed situations or other people for the various predicaments that she was in.  However, the glaringly obvious truth was that although she worked fairly hard, she continually made horrible choices.  One day she would complain about money and then the next day she’d buy something totally extravagant and completely unnecessary.  The next week she’d complain about not being able to get a good job while showing up to work an hour late for personal reasons (which happened regularly). 

From time to time she’d talk to me about her issues and I’d point out the choices she made that led to the current problem at hand.  Each time she’d pay lip service to acknowledging the connection, but the truth is she never took ownership for the real problem – her choices.  She once lamented “why me, why me, I deserve better!”  I didn’t offer my opinion on this question, but what I wanted to tell her was that “everyone feels like they ‘deserve better’ at some point in their life – get over it, stop complaining and start really doing something about it.  Work hard and make better choices!”

I’ve had the opportunity during my career to work with tens of thousands of people who have experienced varying degrees of success in their lives.  One of the recurring themes I see with these people is that they plan their work and work their plan. That is, they think through their choices, make the best ones they can with the information they have, and then work hard to carry those choices out. 

As the Founder for an international business, I know that the choices I make are sometimes pretty important to the business.  The decisions I make can impact hundreds of employees, franchise owners, and associates as well as tens of thousands of clients around the world.  Years ago, I was talking to a friend about some tough decisions I had to make and my concerns about them.  He gave me some great advice.  He said, “Not every decision you make has to be a good one.  Just make sure that you make more good ones than bad ones and when you make a bad one – minimize the impact by fixing it quick.”  Wow!  This was great advice.  It’s advice that squarely hits the point about working hard and making good choices.  Not every choice you make has to be on the mark.  However, enough of them do in order for you to get the kind of results you want.  Some of my biggest lessons in business have come from my losses, not my successes.  Generally, neither had much to do with luck but instead, with the choices I made or the commitment I gave to the project.

Not long ago I was talking to someone I’ve known for years about the growth of my business and some other personal goals I’ve recently met and he said, “Man you’re lucky.  It must be nice.”

I responded to him by saying “Yea, I’m lucky, let me tell you the secret to my luck…”

“First, I went to college for ten years.  During that time, I started my own business and worked fifty to sixty hours a week for two decades.  Along the way, I mortgaged my house a couple times for the company and I wrote over a dozen books.  You too, can have this kind of luck.  All you need to do is apply this kind of effort to whatever you do and you can be just as lucky.”

He laughed and said, “Okay, Okay, I get it!!”  Did he really get it?  I don’t think so, because he hasn’t changed his behavior or started making different choices.  If being successful was easy – everyone would have the success they think they deserve.

For most of those 2 decades I mentioned above, I didn’t feel very lucky or incredibly successful.  It took time, effort, hard work, and fairly decent choices before I felt any modicum of success.  The problem is that many people want to go from point A to point Z and bypass all the challenges in between.  They work hard, therefore “deserve” the success they want.

Success is not an entitlement.   It’s not a “right” or a “claim” that we should have.  Oh, people have the right to “pursue” success – but that’s it.  Success is most often earned, not handed over because you are entitled.   I think I was in my thirties before I really, truly, understood and internalized that notion.

Years ago I asked my nine-year old son to quote the “mantra” of success that I had been teaching him.  I said, “Trey, what’s the secret to success?”  He said, in a young boy’s slightly bored sing-song tone – “the secret to success without hard work and good choices is still a secret, Dad.  Can I go out and play now?”

OK, maybe nine is a little young to start the training… but, maybe not.Called the “father of modern networking” by CNN, Dr. Ivan Misner is a New York Times bestselling author.  He is also the Founder & Chief Visionary Officer of BNI (www.bni.com), the world’s largest business networking organization.  His latest book, Infinite Giving, The 7 Principles of Givers Gain® is a book about building a life and business where you don’t have to choose between winning or helping others.

BNI 2021 Year in Review

$18.6 BILLION IN BUSINESS FOR BNI® MEMBERS WORLDWIDE PROVES THE POWER OF WORD-OF-MOUTH NETWORKING

BNI® (Business Network International), the world’s leading business referral organization, today publicly announced that BNI Members worldwide generated over $18.6 billion in revenue in 2021 alone. This revenue occurred via 12.4 million referrals between Members who represent hundreds of professions from financial advisors to photographers to electricians. * BNI Members meet online or in-person every week in over 70 countries to learn about each other’s businesses and to refer valuable new clients through the power of word-of-mouth networking.

BNI Members worldwide generated over $18.6 billion in revenue in 2021 alone via 12.4 million referrals.

BNI, founded in Arcadia, California in 1985, has become the largest and most successful networking organization in the world. For 37 years, BNI has supported businesses through some of the most difficult economic times in the world’s history and has provided a proven system to help its Members grow their businesses. In December 2021 alone, BNI Members worldwide created more than $1.9 billion USD in revenue via over 940,000 qualified business referrals. All this economic growth helps power BNI Member-businesses forward, one word-of-mouth referral at a time.

“Learning how to market my business through weekly presentations and feature presentations has opened my eyes to the possibilities of networking,” says Sue Todd, an independent skincare consultant in Anchorage, Alaska who has been a Member of BNI since 2017. “More than anything, I have enjoyed building a network of professionals that I am confident referring business to, as each has made the same commitment I have to our code of ethics. I am now a go-to person, and it feeds my soul to send business to fellow Members. A third of my own customers are a direct result of BNI.”

In the US each year, on average, BNI Members generate over $50,000 in revenue each via over 30 valuable new client referrals. “BNI Members are the best economic stimulus there is. The valuable referrals they generate for one another will continue generating more opportunities for months and years to come,” says Graham Weihmiller, BNI’s Chairman & CEO. “Congratulations to BNI Members worldwide on the significant business generation done in December and over the last year – great work!”

*This information is based on historical BNI Member self-reported data as of January 7, 2022 and represents collective results from BNI Members worldwide over the last 12 months.

15th Annual International Networking Week

BNI’s 15th Annual International Networking Week (INW) is February 6th to the 12th, 2022. This year is all about introducing visitors to power of networking and the benefits of BNI.

INW 2022 kicks off with a BNI Better Together YouTube Live Event with streams on February 7th, 2022. Members and Visitors will be provided a lifelong learning opportunity to hear Dr. Ivan Misner and Graham Weihmiller discuss their secrets of networking and developing a successful business, providing Members and Visitors with a lifelong learning opportunity.

About International Networking Week®:

International Networking Week® has been a global BNI initiative for an opportunity for members to show appreciation for their valued customers and contacts with the gift of a larger network. The goal of International Networking Week is to celebrate the key role that networking plays in the development and success of businesses across the world. International Networking Week is an annual event that takes place the first full week in February. For more details visit https://internationalnetworkingweek.com/

BNI Celebrates 37 Years of Growth with the Launch of the Better Together Global Campaign

This month BNI celebrates its 37th anniversary of Changing the Way the World Does Business. For 37 years we’ve been helping Members create a better future for themselves and their communities.

It is our 37th consecutive year of growth.  What’s amazing is that for the past 21 months we’ve been operating successfully in one of the most challenging business environments of our lifetime.

The Better Together campaign officially started on Saturday, January 8, 2022. Our new campaign celebrates what we have achieved together these past 37 years and looks to the future with optimism knowing that the BNI Members that were there for us during the most difficult times in our lives, will be there as we emerge in 2022, better than ever.

Our Founder and Chief Visionary Officer Dr. Ivan Misner shares a message to launch our campaign. Click below to watch


The World’s Largest Networking Event, BNI Global Convention 2021

BNI’s 2021 Master Connection Global Convention has transitioned to a 100% virtual event. Join us for The World’s Largest Networking Event

We’ve created a whole new experience in virtual networking. You will have the opportunity to make connections with businesspeople from over 70 countries and earn your certification as a BNI Master Connector. We’ve made it easy and affordable this year so that every BNI Leader and Member can attend

All Tickets are only $29. We’ve also adjusted the convention schedule so that attendees from APAC, EMEA and the Americas can participate in an action-packed day of networking, scheduled conveniently in each of the 3 major regions around the world. We have assembled an outstanding lineup of keynote speakers, each an expert in their respective professions. They will share their experience and insights on topics that will help make you a better businessperson and networker. You can also expect to make connections that generate referrals and revenue by scheduling 121s and participating in group networking events.  

All of this can be enjoyed live from the comfort and convenience of your home or office for just $29. Plus, you can watch and re-watch everything on demand for up to 12 months. This is a must-see event that everyone should attend to strengthen their skills, build relationships, and grow their business.