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Nondues revenue isnt new, but associations need for that revenue is. For years, associations have viewed nondues revenue as a bonus, but with revenue from memberships declining and the demand for engaging member experiences rising, nondues revenue is now less of a bonus and more of a necessity.
If youre embarking on an AMS project, start your research by reviewing 108 Ideaspaces list of issues to consider when selecting an association management system (AMS) , such as reporting, security, API, technology partners, access control, cost of ownership, vendor stability, and the ability to expand software capabilities as your needs change.
. | Richard Whiddington, Artnet A recent survey found an eagerness among associations to use AI and other options to bolster their education programs, but theyre uncertain about cost and implementation. Non-Dues Revenue Remix Many associations rely on traditional revenue streamsannual events, government funding, and member dues.
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. Why are regular pricing reviews essential? Here are four key factors: 1.
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. 1 CAE credit.
Host: Higher Logic Speakers: Christin Berry, CAE, VP, Business Analytics & Data Services, ASAE: The Center for Association Leadership David Jovel, Sales Engineering Director, Higher Logic Fri 2/21 at 3 p.m. Host: UST Education Speaker: Austin Campbell, Leadership Doctor Tue 2/25 at 12 p.m. 1 CAE credit. More info/register.
They go into detail on items that belong on your list: reporting, security, API, technology partners, access control, cost of ownership, vendor stability, and the ability to expand software capabilities as your needs change. Lead Marvels helps you make a case for a new revenue stream at your associationsponsored content. 1 CAE credit.
From housing costs to deregulation and tariffs, finance teams may need to adapt to evolving conditions. Economic Uncertainty Economic growth or slowdowns during an election year can significantly impact project demand, revenue projections, and financial stability in construction, real estate, and community association management industries.
The resulting data will help you prioritize resources and guide conversations with your leadership. They go into detail on the items that belong on your list: reporting, security, API, technology partners, access control, cost of ownership, vendor stability, and the ability to expand software capabilities as your needs change.
Billhighway explains how virtual events can help sponsors and exhibitors achieve their marketing goals —while helping chapters achieve their revenue goals. The goals they discuss are thought leadership, meeting leads and decision-makers, product showcasing and brand awareness. Creating Your Association Leadership Path.
However, whether increasing non-dues revenue or new member recruitment, it’s just as important that your organization follows through with these goals. Delegate tasks across leadership. Non-dues revenue capabilities: Offset the cost of purchasing your AMS by choosing one that allows you to collect non-dues revenue through it.
Non-dues revenue. If you’re a podcast listener, check out Association RevUP from Professionals for Association Revenue. Beyond Events: Building a High Value Sponsorship Program Hear about strategies for creating a year-round sponsorship program that replaces one-off event income with revenue gains that you can count on.
While asking for what you and your team need to be successful may be unfamiliar to high-achieving event pros, no team can succeed without informed leadership support. Will associations embrace asynchronous events to help manage the revenue, spend and work load? The post The High Cost of Hybrid appeared first on Velvet Chainsaw.
This opportunity is for association professionals who are responsible for reporting analytics to leadership, Boards of Directors, and other stakeholders, to come together in a free-flowing environment to share their lunchtime and discuss, this month, member engagement scoring. [Note from DR: I’ll see you there!]. Tue 12/3 at 12 p.m.
Instead, you need to align your new online community with the mission and priorities of your association's leadership. Your organization needs to bring in new members to meet revenue goals, and often, this includes increasing the young member base. Growing Non-Dues Revenue. New Member Acquisition. Be the industry leader.
The data reveals important insights into disparities in leadership, funding, and support. Two new fact sheets from Candid, produced in partnership with ABFE , offer a snapshot of nonprofits with Black CEOs and majority Black leadership. where 42% of the adult population is Black but only 22% of nonprofit CEOs are.
Matchbox Virtual Media asks for your participation in a survey that explores how the use of online experiences by associations for membership engagement, education, revenue growth, and other purposes has evolved in recent times. Leadership & Learning: The Best Leaders Ask the Best Questions: Because Who Needs All the Answers Anyway?
WBT Systems describes how associations can support women professionals by providing professional development, leadership training and networking opportunities, and educating employers about eliminating workplace challenges. Non-dues revenue. PAR explains why a business development strategy is vital to association revenue health.
In todays technology-driven world, associations that fail to modernize risk losing relevance, members, and revenue. Lost Revenue: A lack of engagement impacts renewals, event participation, and other revenue streams. The Costs of Inefficiency: Wasted Resources: Time and money are consumed by outdated workflows.
We'll look at stats in each of these categories: Online Community Costs and Return on Investment (ROI). Online Community Costs and Return on Investment (ROI). As communities age, the cost per member decreases dramatically – dropping significantly after year three. Lower support costs (48%). Lower support costs.
Non-dues revenue. Patti Callahan at Association Analytics describes a data-empowered method for thinking outside the traditional non-dues revenue box and shares examples from associations that are leading the way. Membership app. More info/register. Host: Sidecar Speaker: Thomas Altman, Co-Founder, Tasio Tue 6/18 at 12 p.m.
From The Leader Network’s research, which surveyed hundreds of community professionals, they found 49 percent of communities generate revenue (29 percent of those realize a revenue of over $1 million). And, importantly, 36 percent of all revenue generating communities connect that revenue to customer retention.
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.
A report on some new leadership research out of the Stanford Graduate School of Business ends on a sobering note. The implication is that the culture needs improvement, and O’Reilly points to some notable examples of companies that have had dysfunctional, narcissistic leadership, like Theranos and Uber.
. – Useful, Free & Low-Cost Tools, Software, and Services for Your Nonprofit. What software tools and services are available to nonprofits at low or no cost that are worth using? How do you judge when a tool really is low cost, as opposed to one that will end up costing you time and effort? Tue 12/10 at 3 p.m.
The risks of staying stagnant are high associations that dont adapt to technological advancements risk membership declines, revenue losses, and diminished influence. The Cost of Inaction : Declining Member Engagement : Members who dont feel connected to their associations are less likely to renew or participate in events.
It will also explore which business functions are leading the way, how leadership is supporting AI efforts, and how policies are affecting adoption. Building Your 2024 Video Strategy: A Guide for Associations To acquire and retain your membership and drive non-dues revenue, you need to include member-driven video in your strategy.
” The answer to that question is at the heart of leadership challenges, disengagement, and employee retention. Three data questions association leadership should ask today for a stronger tomorrow are: Is our data regularly scrutinized? How Association Marketers Are Using Digital To Grow Member Engagement & Revenue.
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.
Hear about the funding-first approach to budget building and how prioritizing budgeting for revenue and support on the front-end of the budget building process helps with funding assessments and aligning and scaling programs, activities, and operations to available funding. And often they can offer their services for little or no cost to you.
Join us for the January DC Swap as, discuss what communications skills the C-suite seeks when building a leadership team, and the communications competencies you need for continued success in your association career. Host: ASAE Greater Washington / National Capital Community. – Expert Cost-Saving Tips: Budgeting in the New Normal.
Meetings Today talked to event planners about revenue diversification, in-person vs. virtual attendee engagement, and managing your mindset. Dues revenue is the lifeblood of most associations and in a blink-of-an-eye the other major revenue centers (like meetings and events) vanished into thin air. The future for event planners.
You can increase non-dues revenue with an online store, deliver benefits with user-generated content, and engage members with discussion forums and blog posts. Convincing your leadership team that an online community is the best way to provide value to members can be a challenge - especially if they’re unfamiliar with the concept.
WBT Systems offers the wisdom of Stoic philosophers like Marcus Aurelius and Seneca on topics pertaining to life inside and outside of associations, such as lifelong learning, change management, leadership, making the best of crappy situations and living in the now. Board Leadership ( Chatting with Agnes & Cecilia).
The side effects of this change are: A loss of traditional revenue generated by membership dues. An increase in the cost of providing programs and services as membership numbers and dollars decline. The loss of leadership vital to the health of the organization. They need leadership in all areas of their business.
The weekly list of free educational events and resources for the association community… Chapter non-dues revenue. They start by reviewing the benefits of a well-crafted print magazine—in case you need to make a case to your leadership team. 7-day communications challenge. More info/register. 1 CMP credit. . More info/register.
That’s the question the Professionals for Association Revenue asked several association executives and consultants. Jamie Notter, Propel ) Five ways thought leadership content drives higher search rankings. Sponsorships. How can associations provide corporate partners with valuable access to their member communities ? 1 CAE credit.
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. 1 CAE credit.
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.
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.
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.
Here are some great dashboard thought starters, based on leadership roles: . Revenues and expenses. How much revenue is coming in compared to costs,” will be the focus of a CFO dashboard, says Zullo. A CFO will be looking for quantifiable metrics around what is driving revenue and where are the costs.
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.
Association professionals who are responsible for reporting analytics to leadership, boards of directors, and other stakeholders come together in a free-flowing environment to share their lunchtime and discuss data analytics topics. Tips to Extend Your Event’s Reach and Revenue. Host: Association Data Analytics Brown Bag (virtual).
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