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When was the last time your association evaluated its pricingstrategy? Without routine pricing reviews, your association could be leaving profit, and member satisfaction, on the table. If your associationspricing stays stagnant, you risk losing relevance and revenue. What is a pricing committee?
Reading Time: 3 minutes How to Get Membership Pricing Right Ever wondered how to nail membership pricing? Think about “The Price is Right” game show. Prices matter, but they can be tricky to pin down. Likewise, associationpricing often feels like a guessing game.
In addition, as Joe makes clear in the quote above, without the ability to grow the dominant revenue stream through changes in pricing, associations are typically left with only two options: increase membership numbers substantially or reduce costs significantly, both of which are usually much easier said than done.
Additionally, you could suggest a “freemium” community membership for potential members to showcase the value of joining your association. Download our eBook, Maximize AssociationValue with Engagement , for the full list of ways a community builds your association’s member acquisition and member engagement efforts.
In terms of the “next practices” for association eLearning, we think the greatest potential lies in digital badges , as a means of increasing both the value of education programs for members and the capacity for eLearning to generate non-dues revenue for associations. Value of Digital Badges for Association Members.
Free membership might be a big win, or it can be a potentially risky strategy that can anger members or devalue membership. For example, some associations have a tough time converting free first-year members to paying members because there is the expectation that membership is free. The real value of associations for members.
Reading Time: 3 minutes Make Your Membership An Offer They Can't Refuse Are your members finding your membership value proposition irresistible? Well, if you ask association members why they choose not to renew, you’ll find that two out of three of them point to a lack of perceived value for the price they pay.
For trade associations, institutional members might expect value in the form of internal educational resources they can share with their staff on community forums. However, decision-making strategies and implementations are still mixed between “gut feeling” and “data – driven.” . Data D riven . Prescriptive .
How to use employee input to develop more effective values statements. Also: why you should constantly rethink strategies to keep up with the transient economy. Most associations have values statements. Keep pace: If you feel like your association is lagging behind, it might be time to re-strategize.
Associations have to keep up technologically or risk having members go elsewhere for information and question the associationvalue proposition. Associations should discuss the potential ROI they are likely to receive before purchasing any new technology. This will give a great overview of what others are doing.
Is your association’svalue proposition as strong as it could be? Are your governance, operations, and culture aligned to support strategy? Because Association These are weird. Some associations believe only they can produce content. So I have an answer for that. International who did this.
Did the local association need to better market the return-on-investment more effectively? Maybe, in fact, the product was simply over-priced. Maybe there just WASNT $431 in associationvalue once the MLS incentive was removed from the equation. “Thats not true in the case of our association.
In fact, our perceptions of value are becoming more sophisticated. Some experts define value as quality + price. There’s a new definition for value. Value is one part solution, another part story, another part experience. Related: Association trend watch: member experiences.
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