As a small business owner in Eugene or Springfield, you’ve likely heard about the power of networking. But have you considered the time commitment involved and how it stacks up against the potential benefits? Let’s dive into this crucial aspect of business growth, with a focus on local options like Oregon Networking Exchange (ONE).
Time: Your Most Valuable Asset
Joining a networking group isn’t just about showing up to meetings. It requires dedication, preparation, and follow-up. Typically, you’re looking at:
- Weekly meetings (1-2 hours)
- Preparation time (30 minutes to 1 hour)
- One-on-one meetings with members (1-2 hours per week)
- Referral follow-ups (varies)
All in, you might spend 3-5 hours per week on networking activities. That’s a significant chunk of time for a busy entrepreneur. But is it worth it?
The Value Proposition
Consider this: according to a study by the Referral Institute, 75% of business owners say word-of-mouth referrals are their primary source of new business. Networking groups like ONE are designed to supercharge these referrals.
Cost Comparison: ONE vs. BNI
While national brands like BNI can cost upwards of $1,000 annually, ONE offers a more budget-friendly option at $450 per year. That’s less than $40 a month for access to a network of local professionals eager to help your business grow.
But remember, the real cost isn’t just money – it’s time. Are you ready to commit those hours each week?
Is It Right for You?
Ask yourself:
- Can I consistently attend weekly meetings?
- Am I willing to build relationships with other members?
- Do I have a clear idea of my ideal referral?
If you answered yes to these questions, a networking group like ONE could be a game-changer for your business.
Curious to learn more? Visit a ONE meeting as a guest. Experience the energy, meet the members, and see if it feels like the right fit for you and your business goals.
Remember, networking is a long-term strategy. It takes time to build trust and relationships. But with the right group and commitment, the returns can be exponential.
ONE’s story is one of perseverance, community, and the belief that success is best when shared. With over 10,000 networking hours logged, $25,000 raised for local charities, and nearly $1 million in business generated, the organization is a shining example of what a dedicated network of professionals can accomplish. Here’s to the next chapter in ONE’s journey—one that promises even more growth, success, and impact.