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Regular pricing reviews will keep your association ahead of competitors, alert you to missing revenue opportunities, and ensure you dont lose relevance with your members. If your associations pricing stays stagnant, you risk losing relevance and revenue. What is a pricing committee? Why are regular pricing reviews essential?
If you’re an association professional who is responsible for business development, exhibitor sales, non-dues revenue programs, or any other revenue growth roles outside of membership sales, please complete this survey , which should take less than ten minutes of your time. AMS selection. Association finances. More info/register.
Membership committees. Is it difficult to find members to serve on your membership committee? MemberSuite discusses the challenges faced by staff in charge of membership committees and suggests ways you can make improvements by revamping (or retiring) your membership committee. A terrific idea to steal! 1 CMP credit. .
As hard as this is to hear, given what’s happened in associations this year (canceled meetings, revenue down, staff layoffs), it’s unlikely we’ve seen the bottom yet, and it’s likely we won’t see it for another 12-18 months. Ouch, I know. What you did yesterday won’t work today.
While the way you align your proposed member community with your executives’ goals will vary by association, five of the most common priorities you might find in the strategic plan include new member acquisition, member engagement and retention, non-dues revenue growth, advocacy and legislation, and maintaining relevance. Objection 1: Price.
Most of us know that membership software is designed to make association processes easier and more automated, but did you know that your AMS could earn your association essential non-dues revenue? Let’s take a look at some of the options for turning your existing database and website into a finely-tuned engine for driving revenue.
For instance, the CFA Institute runs a free online program called Investment Foundations that is designed to help people who aren’t Certified Financial Analysts understand what’s involved in being a CFA and why the certification, which is expensive in time and cost and is difficult to earn, is worth investing in.
One difference this year: “For the first time in the survey’s history, the challenge of generating non-dues revenue topped all other obstacles faced by associations.” That explains the interest in communities like Non-Dues-A-Palooza and Professionals for Association Revenue. Eliminate the Executive Committee! More info/register.
On Thursday (9/26), ASAE is hosting a webinar about a possible existential threat to associations: legislators who want to apply the 21% corporate tax rate to the non-donation net revenue of tax-exempt organizations, like associations. Non-dues revenue. AI for associations. Need to sharpen your knowledge about AI? 1 CAE credit.
Their post describes four ways your association can leverage event and learning data to increase attendance, select content, improve programs and grow revenue. Dr. Michael Tatonetti, CAE, explains how to overcome your colleagues’ (or leadership’s) fear of raising sponsorship prices —an argument that gets into goals, costs and value.
If you feel like you’ve been seeing more press about microcredentials lately, it’s because researchers see growing support from employers and learners, and higher education sees the potential for revenue and renewed relevance. Get a better understanding of when it’s time to build, refresh, or sunset programs to support revenue growth.
That’s the question the Professionals for Association Revenue asked several association executives and consultants. I love the idea from Jay Ablondi of the Massachusetts Medical Society about sponsors being resident experts for boards and committees—a natural role for experienced industry partners. Self-mastery. 1 CAE credit. . –
Lunch costs are on your own. Lunch costs are on your own. How to Generate Revenue for Advocacy Efforts Learn about strategies and best practices for generating revenue for association advocacy efforts. Each month, we’re planning a pop-up lunch in various locations around the U.S. on the same day. Location: Chicago IL.
When developing a new educational program, WBT Systems suggests using a learning strategy canvas because it helps staff, volunteer SMEs, committee members, and others stay aligned during planning discussions and reminds everyone involved where you’re going and how you will get there. Education program development. Membership formulas.
Complimentary registration and a stipend of $5,000 will be provided to the awardee’s organization to cover the cost of travel, lodging and incidentals. Non-dues revenue incubator. Three association execs will get help fleshing out the contours of a new non-dues revenue program and bringing it to life. Obsolete chapter systems.
We assist in strategic planning, recommending pricing policies for dues, conferences, and programs to maximize revenue streams and enhance financial resilience. Our seasoned financial management professionals develop and manage these critical relationships with direction from the association’s Treasurer, Finance Committee, and Board.
I recently had the good fortune to tour several Detroit sites with her as a committee chair for the aforementioned event. But when specifically asked during a recent NACEDA prep session, leaders added travel, opportunity costs, value proposition and marketing to their list of challenges.
They were great sources of revenue for… the printing company. It involves the Executive Director, AOA staff, and membership committee connecting with new members in a very intentional way. Electronic versions of membership kits are easily updated and incur no printing or mailing costs.
However, it is easy to sometimes lose track on just how much it costs to recruit one new member as opposed to retaining one when renewal time comes around. Before your next ROI presentation, make sure you have a solid focus on how much it costs to acquire new members vs. keep your current members. Pretty logical statement, right?
That’s on us, says Jay Cost at The Dispatch. Common Errors in Nonprofit Revenue Recognition and How to Avoid Them Learn about the most common issues with nonprofit revenue recognition, including accounting, presentation, and disclosure issues and errors that are commonly missed by nonprofits. 1 CAE credit. More info/register.
They’re making millions of dollars in revenue, so they’re doing something right, for example, knowing how to validate an online course idea. Speaking of money, run the numbers so you know how much it will cost to develop and run a pilot program and the course itself. How much do they cost? No demand, no students.
Networking Discussion: Best Practices for Diversifying Revenue Join your Fridays@4 colleagues for an open discussion about your best practices or challenges in diversifying revenue. Mastering the Art of the Win-Back: Strategies to Reconnect with Lapsed Members Are you looking to re-energize your community and boost dues revenue?
Host: ASAE Young Professionals Committee Speakers: Genevieve Borello, CAE, MPA Wed 6/12 at 1 p.m. Charting the Course Beyond Membership: The Essential Role of Non-dues Revenue in Association Success Learn how associations can strategically leverage non-dues revenue opportunities to ensure financial stability and long-term success.
Associations are giving everyone a voice like never before, using open APIs to enable grassroots voting, smarter committees and stronger online community. Association Revenue: Plan Your Work, Work Your Plan. To meet the challenge, our associations must meet the critical task of upskilling our teams and improving our revenue strategies.
For example, leverage advocacy resources of the entire value chain to reduce compliance costs. The association wants to remain nimble to take full advantage of any new opportunities help reduce costs or to support top line growth for the industry they serve. What’s different today? 3 Association Radical Transformation Strategies.
Following the company purchase, new owners use concrete strategies that improve operations, products, revenues, and market position. Volunteer Leadership – Inviting new owners to participate on the Board of Directors (with a potential pathway to the Officer level) or to participate in key Association committees.
That’s why your first task is to form a Business Continuity Committee with one or more representatives from each relevant department. The committee will elect the leader of the Business Continuity Plan , as well as the leader for the Disaster Recovery Plan. The committee should meet on a regular and consistent basis.
While sexual harassment typically involves employees, actions by volunteers, including officers, directors, and committee members, also may cause problems. How Much Does an AMS Really Cost? Learn about pricing confusion, what you can expect to pay for an AMS, and how you can keep costs down. 1 CAE credit. 1 CAE credit.
WBT Systems shares the story of the Texas Restaurant Association (TRA) whose compliance training programs delivered a 465% increase in revenue in the last six months of 2021. Non-dues revenue. This leads to bids with huge cost disparities because of massive amounts of guesswork. CAE credits. More info/register. Thu 3/3 at 3 p.m.
. – Playing To Your Members’ Strengths – Forming Association CommitteesCommittees play a vital role in steering associations towards efficiently achieving goals. Learn how you can accomplish your organization’s needs through well-established and productive committees. More info/register. CAE credit. 1 CAE credit.
As the cost of a college degree rises and the perception of its value falls, credentialing programs are receiving a lot of positive press. Your credentialing committee and subcommittees must ensure that credential holders possess the skills, knowledge and standards associated with the credentialing program.
He also addresses unconscious bias and privilege: “We need to see and acknowledge the costs and missed opportunities that the biases at work in our personal, professional, and societal lives impose before we can address them.” Get tips on how to cut costs and negotiate better amenities (i.e. Well worth a read and reflection.
Your non-dues revenue doesn’t have to suffer when you move to virtual. – ASAE Key Consultants Committee Weekly Virtual Forum. During the month of April, ASAE’s Key Consultants Committee will convene a weekly virtual forum for all association consultants. Virtual event sponsorships. 1 CAE credit. More info/register.
Consensus-based problem-solving groups, like boards and committees, are highly susceptible to groupthink. Presenters: Christopher Corr, President and Founder, Cost Wellness LLC. Partnership + Innovation = Non-Dues Revenue Success: New Solutions to Non-Dues Revenue Challenges. Groupthink. CAE credits. More info/register.
On the evidence, the new normal will be abnormal: 78 percent of respondents said that their association would face an overall revenue decline and at least 70 percent of respondents said that they will reduce discretionary spending, reduce domestic travel, and tap reserves to cover financial shortfalls.
They’re still grappling with committees, committee assignments, and selections.” There’s increasing pressure to get it right. The COVID-19 pandemic hasn’t reduced overall volunteer engagement: According to the report, the number of volunteers has increased or stayed stable through the past three years.
Following introductions and an outline of the day’s learning outcomes, I shared four big ideas that represent the importance of education to our organizations: Meetings represent a significant and increasing proportion of association revenue. cost savings). Board/committee meetings. Better serve clients/members. Deliver content.
Fri 6/21 at 12 p.m.* – How to Accelerate Non-Dues Revenue Growth: Proven Sales Tactics for Association Professionals Sales comes with the territory if your job includes attracting sponsors, exhibitors, or advertisers for your association. . I’m happy to feature it as long as it’s not too product-centric. 1 CMP credit. More info/register.
Without a basic knowledge of APIs, you could also cost your association a lot of time and money. Trade show costs. Danica Tormohlen at the Trade Show News Network writes about The Exhibitor Advocate’s 2022 Material Handling and Labor Study , which provides benchmarks for trade show labor and materials handling costs in 16 cities.
Temper your revenue projections. 2: Revenue Diversification. During the pandemic, many associations were caught short when they had to cancel or transform their major revenue generator —the annual meeting or trade show—and didn’t have a worthy virtual alternative for sponsors and exhibitors. 3: Membership Tiers and Pricing.
Printed programs have long been a staple of association conferences, but with rising costs and a desire to go green and digital, some groups are eliminating them entirely. You could also put together a volunteer committee whose members could provide feedback. The cost savings from eliminating the book will probably be tempting.
You add a huge revenue opportunity. Someone else gets the ad revenue. Why send members and prospects somewhere else when you could be bringing that traffic – and potential ad revenue – to your own site? Ads are a great way to increase your organization’s revenue if you have control of the platform. The problem?
To make MMS work for its needs, an association would have to supplement it with other software—increasing the actual cost. AMS handles committee management, email communication and marketing, certification management, eCommerce, financial management (invoices, payments, ledger entries), reporting , and more. They can’t.
But with the possible upside there is also the potential for an association to lose critical revenue from these events. These could include changing the pace of meetings, adopting ad hoc emergency committees to deal with COVID-19, and enacting continuity plans to address the potential for illness to befall key leaders. MANAGE COSTS.
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