What is MaxmentPro Group (MPROG) purpose?
MPROG purpose is to signup 50+ local homepro business members from your assigned city so your business can generate 100+ referral clients or $100K+ referral business yearly.
Why referrals?
- 65% of new business comes from referrals – New York Times
- 92% of respondents trusted referrals from people they knew – Nielsen
- People are 4 times more likely to buy when referred by a friend – Nielsen
- The lifetime value of a referred customer is 25% higher than that of other customers - Chief Marketer & Wharton School of Business
How to get more referrals?
One of the best ways to get more referrals is to offer great service and to become a MaxmentPro Group (MPROG) member for your city on Facebook.
Once you become an exclusive MPROG member for your city, you will be able to get referrals from 50+ other complimentary non-competing members.
How much referral business should you expect to get from your 50 members local Chapter?
According to BNI®—one of the largest business referral network franchise companies in the world—in 2020—it's 288,000 members in 10,000+ chapters generated 12M+ referrals & $18.6B total referral business.
It means, on average, it had about 28 members per Chapter and each member generated about 41 referrals or $62,000 referral business ( $18B/288,000 = $62,000).
Because there are so many variables that can affect how much referral income your business may generate, there is NO GUARANTEE how much referral business you may get from your Chapter. You may get a $0 referral business.
Below are just rough estimates based upon BNI's above stated numbers.
- A Chapter with 28 members has potential to generate 40+ referrals or $62,000 per year referral business for each of its members.
- A Chapter with 50 members has potential to generate 100+ referrals or $100,000+ per year referral business for each of its members.
- A Chapter with 100 members has potential to generate 200+ referrals or $200,000 per year referral business for each of its members.
Once we will have our own numbers from various MPro Groups running 12 months or longer, we will use our own numbers...
To generate $100K from your group, after joining the group, you'll need to do the followings:
- Help your group admin to signup & maintain 50+ members, so each member should be able to generate, on average, $100K+ yearly business.
- Provide a great service. (It should be 4 or 5-star service). Without great service, you'll not get any referrals.
- Whenever opportunity arises, refer business to other referral partners within the group.
- Daily: Spend 10 minutes daily to connect with one referral partner on MAG-local on Facebook and try to understand his or her business better. And, if you can, try to answer any questions that other members may ask or just try to be helpful & supportive.
- (Optional) Weekly: Spend 10 minutes weekly to connect with one referral partner via phone. The goal of the call is NOT to sell but to know your referral partner at a deeper level using FORD—Family, Occupation, Recreation, Dreams—method.
- Quarterly: If your group admin arranges quarterly social gatherings, try to attend them because these face to face events will create strong bond between you & other members. (Note: Expense for this quarterly social networking meetings should be shared among group members)
- Yearly: If your group admin arranges one or more yearly social gatherings (such as Christmas, 4th of July, etc), , try to attend them because these face to face events will create strong bond between you & other members. .
What are the key benefits of MPROG?
- You should be able to generate $100K+ yearly referral business from other referral partners.
- You'll become part of a business referral group at no upfront cost. You only pay 5% when any referral generated by our network converts or closes.
- Maxment's 'no upfront cost marketing' business model helps each Group to add 50+ biz members fast.
- Each member from your Group markets the entire group of 50+ complimentary businesses whenever they do work or make a marketing call on a homeowner or business.
- Other members act as your unpaid sales team.
- Unlike your past clients, where they are giving you a favor, the relationship between Group members is reciprocal. In most cases, you'll get more referrals from 50 members in your Chapter than from your top 50 clients.
- Due to a perpetual nature of home services work, one referral can lead to many more referrals. For example, if you refer business to a real estate agent, after the closing, the homeowner will also need services of many other pros.
- As a member, you also become part of other two national referral groups and may also get referrals & support from upto 2000 other biz members (within your own niche/category) and from upto 100,000 other biz members (from 50+ niches) from 2000+ other cities.
- You will be able to get mentorship & support from other successful business members in your local and national groups.