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The Referral Institute’s vision is to be the world’s leader helping entrepreneurs create Referrals For Life. Creating Referrals For Life means that their clients will be working within communities of like-minded entrepreneurs. In the beginning, the forming members of the Referral Institute were also part of an organization called BNI, Business Network Intl. Directors for BNI develop professional referral groups. Seeing the need for additional referral marketing training, Dr. Ivan Misner began cultivating material that would train business professionals to implement specific procedures on referral based marketing. After a few years of being a “brain trust” many of the participants began developing more customizable material on referral marketing. In 2002, the company name changed from Business Referral Institute to simply Referral Institute. Dr. Ivan Misner partnered with Mike Macedonio and appointed Mike to President in May of 2003.
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Liquid capital required
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$15,000
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Investment
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$28,150 - $30,720
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Franchise fee
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$15,000
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Units in operation
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34
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The capital required to open a unit is $15,000. $28,150 is the minimum that Referral Institute expects its owners will need to invest in a new location. $30,720 is the most that Referral Institute expects its owners will need to invest in a new location. Before you become an owner, you will owe the franchisor a franchise fee of $15,000. Today, the location count for this franchise has reached 34.
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Referral Institute is listed in the Franchise Directory under the Business Services category and the Home Based category. It's also listed in the section for Franchises Under $20,000.
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