MaxmentPro City Group for Realtor - Detail

Note: Mpro City Group for Realtor will be active once Mpro Realtors will have 2,000 Realtors from 2,000 cities.

What is MaxmentPro City Group (Mpro Local)?

Mpro City Group is a business referral group for your city. Once group reaches 50 members, on average, it generates $100,000 per year referral business for each member on a 5% pay per sale basis without any upfront cost.

 

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

  • On average, a 50-member local business referral group generates $100K+ per year referral business — BNI

 

How to get more referrals?

  • Offer great service

  • Become a MaxmentPro Local Group member for your city on Facebook so once your group has 50 members, your business can 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 $62,000 referral business ( $18B/288,000 = $62,000). Below are just rough estimates based upon BNI's above stated numbers on its website.

  • A Chapter with 28 members has potential to generate $62,000 per year referral business for each of its members.

  • A Chapter with 50 members has potential to generate $100,000+ per year referral business for each of its members.

 

To generate $100K from your group, after joining the group, you'll need to do the followings:

  1. Provide a great service. (It should be 4 or 5-star service). Without great service, you'll not get any referrals.

  2. Whenever opportunity arises, refer business to other referral partners within the group.

  3. Daily: Spend 5 minutes daily to connect with one referral partner on Facebook & ask her this simple question: how can you can help? Also try to be helpful & supportive to other members.

  4. (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 business at a deeper level. Just ask this simple question: how can you can help? Alternately, you can also use FORD method—Family, Occupation, Recreation, Dreams to build a friendship.

  5. (Optional) Quarterly: If your group admin arranges quarterly social offline 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)

  6. (Optional) Yearly: If your group admin arranges one or more yearly social offline 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 biz members. 

What are the key benefits of Mpro Local Group?

  • Once your group has 50+ members, 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 Local Group to add 50+ biz members fast.

  • Each member from your Local 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 local group  than from your top 50 past clients.

  • Due to a perpetual nature of home services work, one referral can lead to many more referrals. For example, as a real estate agent, after the closing, if you refer business to another pro, the homeowner may also need services of many other pros.

  • As a local group member, you'll be able to list your business for your city on Maxmentpro directory. This will make easier for other group members to refer your business as a trusted business to their clients.

  • 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 (from members in 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.

  • You'll able to build a life long friendship with other local biz members in your group.

 

Disclaimer: On average, a 50-member group generates $100K per year business for each member. But, 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 local referral group. In rare case, you may get a $0 referral business.