Referral organization makes headway, generates over P71-M in revenues

Referral organization makes headway, generates over P71-M in revenues

A 37 year old business group -  BNI or Business Network International is the world’s largest business referral organization with over 284,000 members; 10,640 chapters and $19.2 billion in member-generated business in the last 12 months.

One of its chapters in the Philippines has generated significant revenues from May 2021 until August 2022 despite the uncertainty brought about by the Covid-19 pandemic on the Philippine economy, a remarkable P71-M total revenue between 32 members.

 BNI RISE, a newly launched chapter in BNI Philippines - Taguig Region, reported last week August 10, 2022 that it generated P71.02 million in TYCFB or “Thank You For Closed Business,” a BNI term for actual revenues collected through a referral from another member during the 15-month period. With 32 members, BNI RISE had 2,490 passed on referrals over the same period.

 This tight knit young group has elevated their businesses to a whole new playing field by committing to provide referrals to each other by introducing their businesses to a new market every single week at their Wednesday business meetings. Talk about productive meetings.

 One of the key core principle of this group is its passion of Giver’s Gain, allowing one member be introduced in another member’s business network as a preferred and vetted organization/service provider or supplier of their respective field.

 The group allows exclusive marketing rights to one industry per chapter. Making each other the “top of mind” supplier of that particular business category/trade/profession.

 BNI Global counterparts also provides networking opportunities via Zoom Webinars with other countries allowing some of the businesses to introduced to its worldwide presence in 76 countries. Unlocking an abundance of business opportunities for the chapters.

 BNI Global is based in Charlotte, North Carolina, USA. BNI Philippines currently has 1,380 members and recorded P2.9 billion in member-generated revenues in the last 12 months.