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Below is an in-depth analysis and side-by-side comparison of Referral Institute vs BEI Group including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $21,300 - $25,800 | $77,000 |
Franchise Fee | $8,500 - $10,500 | N/A |
Royalty Fee | 15% | - |
Advertising Fee | - | - |
Year Founded | 1999 | 1995 |
Year Franchised | 2004 | 2002 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | 25% of then-current fee | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
You've heard it before. To grow your business, it isn't necessarily what you know, but who you know that can make all the difference. You can have the best product or service out there, but if no one knows about it, you can't expect your business to grow on its own. That's why it is so important for any business to develop and maintain a strong network of professionals who can help spread the word about its products or services, and refer new customers to the business. At the Referral Institute, we provide the training and tools to help business professionals gain financial success through relationship-based referral marketing. Our Referrals for Life� program is not a numbers game � it is not about spending hours making cold calls, collecting business cards, or developing a huge database of prospective customers. We don't want you to work harder to gain new business�we want you to learn how to work smarter. With the Referrals for Life program, business referrals do not happen by accident. They result from implementing, and then consistently monitoring, a well-organized referral marketing plan. The Referral Institute is an international franchised referral training and consulting company with locations in Australia, Canada, Germany, Ireland, New Zealand, the United Kingdom, Norway, Finland, Denmark, Sweden, France, the Middle East and the United States. At The Referral Institute, we'll teach you how to make all your business relationships become more valuable to you and your business. As a result, you'll not only enjoy an increased quality of life because your business is flourishing, but you will also gain lifelong relationships: Referrals for Life. If you are a motivated business professional serious about moving your business to the next level, don't wait to contact The Referral Institute headquarters near you.
A privately owned, European-based, people skills training organisation helping small- and medium-sized business owners to develop and execute strategic growth and business plans through a system of international, national and local franchised training centres and training specialists. The company specialises in the training of people skills. The training programmes use extensive practise and workshop sessions to focus on the skills and techniques that are necessary to cope with the challenges of business and personal life. We offer two levels of opportunity: National Training Director (NTD) Master Franchise The National Training Director (NTD) is the Master Franchisor of a country or region. The selection, training and support of new Regional Training Centre Franchisees are the key roles of the National Training Director. Another major task is the selling of the BEI training programmes to national and larger regional companies. The ability to sell franchises and lead business owners and entrepreneurs is the key to success in this national position. Regional Training Centre (RTC) Franchise The Owner/Manager of a Regional Training Centre (RTC) represents BEI in his or her regional market. The main task of a Regional Training Centre Manager is the recruiting, training and support of the Marketer/Trainer teams. Each team consists of trainers with various areas of business expertise. This is of prime importance to the growth of the business and the ability to find and serve customers. The second issue of ongoing importance is selling, organising and conducting training.