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Is your association generating as much non-dues revenue as it needs to, wants to, or has the potential to? One great way to do this is to look to your online education and certification programs – with your Association LearningManagementSystem, generating non-dues revenue is easy!
Are you looking for strategies to increase non-dues revenue? Leveraging your learningmanagementsystem (LMS) to generate non-dues revenue is the perfect way to prioritize your goals throughout the year. Read our blog for 13 tips to utilize your LMS and drive non-dues revenue. You’re not alone!
If you’ve never implemented a LearningManagementSystem (LMS) before then it’s never been a part of your budget before. However, with the expense of an LMS comes online courses and on-demand webinars that can become a part of your non-dues revenue strategy as well as new avenues to acquire sponsorship dollars.
Whether your association is planning to launch new education or certification programs, or revitalize and restructure existing programs, our suggestion for your new year resolution is to invest in association learning technology. Economies of Scale – reduce costs of delivering education programs.
So, beyond your standard questions about event schedule and production cost, what are the other most important questions to ask a virtual events vendor as you investigate their services? In order to cut down on costs, some digital event providers are leveraging free and/or open-source platforms that they do not control and maintain.
While it’s important to generate non-dues revenue , that doesn’t mean you have to charge for every single piece of content you’re putting out there. But before all of that, win their trust by offering them insightful and engaging content at no cost. Resource: 6 Key Features of the Best LearningManagementSystems.
Associations frequently use learningmanagementsystems (LMS) to deliver continuing education content to members. A learningmanagementsystem’s ability to generate non-dues revenue for your association should also play a vital role in your selection. Any type of organization can use an LMS.
Organizations offer a wide variety of professional learning opportunities to their members, employees, and partners which range from online courses and webinars, to regional or annual conferences, to classroom-based learning. How do you ManageLearning at your Events? You might be surprised.
Are you creating new eLearning courses to provide value to members and bring in revenue for your association’s learning business? But, pricing them too low will prevent your team from making any meaningful revenue. Creation Costs: What is the cost of online course development? Where is the middle ground?
and relying on a single revenue stream is too risky. This is where non-dues revenue comes into play. By generating non-dues revenue, you can: Grow your association’s revenue Avoid implementing higher membership dues Diversify your revenue streams. What is Non-Dues Revenue? But remember: no size fits all.
72% of organizations dont offer online sponsorships for virtual events, costing non-dues revenue and valuable partner opportunities. Learn more tips to sell continuing education sponsorships Looking for even more tips to maximize sponsorship revenue through your continuing education program through webinars and events?
That’s where an LMS, or learningmanagementsystem, comes in. An LMS can significantly reduce costs while allowing organizations to create training courses and educational materials at scale. . They can even create new revenue streams that support long-term stability and growth.
LearningManagementSystems – A LMS is the second most popular technology platform. Data – Despite a growing use in technology, less than one-fifth of respondents said they always use data to decide which learning platforms to use for future educational opportunities. Read: Credibility counts.
see targeted demos of learningmanagementsystems aligned to serving organizations that market and sell adult lifelong learning, continuing education, and professional development. How Association Marketers Are Using Digital To Grow Member Engagement & Revenue. More info/register. Tue 10/25 at 2 p.m. –
Non-dues revenue. A survey conducted by the Professionals for Association Revenue (PAR) revealed that 86% of associations said their business development strategy is underperforming or non-existent. PAR explains why a business development strategy is vital to association revenue health. 1 CAE credit. 1 CAE credit.
Many associations are guilty of devaluing online learning courses and webinars as there is typically less administration overhead and no hard costs associated with things like booking a room or organizing lunch, so the event is perceived as creating less of an impact. However this is not the case!
Do you feel like giving your learning platform a heave-ho out the door? As dysfunctional and frustrating as that old learningmanagementsystem (LMS) is, your association still relies upon it. Or, it doesn’t have the functionality to allow your online learning business to grow. But you can’t, not yet anyways.
That easy and “cost-effective” platform or technical solution sounded good at the time, but now you must pay for costly upgrades and patches. Even worse, upgrades have slipped and left the organization with a broken, outdated and unpatched system that will cost twice to fix what it was to implement—this is a bad case of tech debt.
Educational offerings for not just members, but also the public at-large, will be a big revenue drive for associations.” A report from AFCEA International details that increasingly organizations, including associations, are purchasing cloud-based resources and services, such as learningmanagementsystems.
Do you ever daydream about having a new learning platform? Your wish can come true if you know how to make a persuasive case for a new learningmanagementsystem (LMS) to the decision-makers at your association. If allowed, bring some project team members to the presentation, most importantly, your colleague from IT.
In recent years, thousands of entrepreneurs and for- and non-profit organizations started online learning businesses. The learningmanagementsystem (LMS) market has exploded in response. After you add that episode to your queue, check out five podcast episodes that KiKi L’Italien enjoyed recently. LMS selection.
If your current software fails to meet these requirements, or is built on a legacy system , it’s time to consider a new AMS. While the upfront cost for an AMS might be more expensive than you initially expect, in the long run, purchasing new technology will save you money. Therefore, having a flexible IT budget is key.
Want to learn what these experts have to say and questions you should be asking? New Revenue Generation. How directly will the LMS support the creation and delivery of new products or enhance the revenue potential of existing products? Cost Savings. Will your investment lead to productivity increases that decrease costs?
It’s during this time of evaluation that the organization’s learningmanagementsystem (LMS) can come under scrutiny. Similarly, it’s usually at this time of year that associations and other organizations start to review their training requirements and inevitably their delivery of that training.
With the right best practices and a little time, your organization can ensure your continuing education program is a valuable member benefit and a driver of non-dues revenue. Keep learners invested in your learning program. When researching for the best learningmanagementsystem (LMS) here are the top four factors to consider: 1.
By consistently keeping members engaged, you won't just attract and keep more members , you'll have leverage to push through legislative wins, the ability to promote your advocacy agenda, and an increase in event attendance and other types of revenue. Check out our eBook with nine low-cost member engagement strategies for associations.
So, you’ve decided to invest in growing your association’s learning business to provide more value to members and bring in non-dues revenue. This could mean helping your association build its learning business from the ground up or providing guidance for future growth. Assisting with the search for new learning technologies.
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.
They explain how to deliver value to virtual event sponsors—value that will generate more revenue for your association. Key Contract Clauses: A Meeting Planners’ Guide to Cost Containment & Risk Reduction. Review key contract clauses and learn how to defend them to benefit your organization’s bottom-line. More info/register.
Growing Your Association’s Non-Dues Revenue: The Basics The idea that all or most of your association’s revenue should come from membership dues is an outdated, inaccurate assumption. According to ASAE, dues made up only 30% of total revenue for professional associations in 2016, a steep drop from 95.7%
– Live Review This free multi-day, online event allows you to efficiently and effectively see targeted demos of learningmanagementsystems aligned to serving organizations that market and sell adult lifelong learning, continuing education, and professional development. CAE credit. More info/register.
This task is made even harder if your CME learningmanagementsystem ( CME LMS ), the platform that delivers eLearning to your association’s members, fails to support you in the effort. 5 Features to Seek in Your Next LearningManagementSystem. 5 Features to Seek in Your Next LearningManagementSystem.
Association LearningManagementSystem Trade and professional associations that offer educational courses need a tool to facilitate this offering. A learningmanagementsystem (LMS) provides associations with a platform that can present courses to members in a user-friendly, streamlined format.
With the right best practices and a little time, your organization can ensure your continuing education program is a valuable member benefit and a driver of non-dues revenue. Keep learners invested in your learning program. When researching for the best learningmanagementsystem (LMS) here are the top four factors to consider: 1.
Learn about sales materials that work, share ideas and ask questions. Host: Professionals for Association Revenue Facilitator: Sean Soth, Founder and Leadership Advisory Board Chair of Professionals for Association Revenue Wed 2/8 at 11 a.m. Explore alternative revenue streams your association could be leveraging right now.
Cost – Since some members leave due to financial reasons, offer budget-friendly installment payment options. Cost – Since some members leave due to financial reasons, offer budget-friendly installment payment options. Or, create a lower-cost membership tier for those who are in-between jobs. . They have other priorities now.
Presenter: Jennifer Bennett, senior manager of education & training, VolunteerMatch. – How Much Does Membership Software Really Cost? Learn what goes into pricing, how to control the costs of new membership software, and what questions you should ask technology vendors to ensure you get the right AMS fit for your association.
. – How The Pandemic Affected State Tax Policies And What To Expect For The Future State tax revenues were unexpectedly stretched thin in 2020 when the government shut down large parts of the economy to stop the spread of COVID-19. 1 CAE credit. . – 1 CAE credit. Host: ASAE Finance Business Operations Advisory Council Thu 1/26 at 2 p.m.
Meeting Budget and Cost-Savings Strategies. Find out the five key steps to assure measurable cost savings and ROI. Presenter: Robyn Mietkiewicz, senior director of global meeting management, Meeting Sites Resource. More info/register. Host: Hubb. Presenter: Allie Magyar, founder and CEO, Hubb. Wed 1/25 at 1 p.m. 1 CAE credit.
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.
Learn how to identify and use signals throughout the buyer’s journey, create demand using strategies that capture and act on signals, integrate AI to increase marketing and sales impact, and evaluate success using unified metrics across sales and marketing. Customer Success Manager, BenchPrep Thu 8/15 at 2 p.m. More info/register.
There are many aspects you need to consider to ensure the success of your learning business. Your overall learning business strategy and tech tools such as your learningmanagementsystem (LMS) and eCommerce tools work together to deliver content to your learners. per month. iSpring Suite. Absorb Create.
Also: Finding a learningmanagementsystem fit for your organization. I know several #association leaders either developing their own system or trying to customize an out of the box LMS to fit their needs. association #learning [link]. Meeting registration technology is changing. Printed tickets?
Plus, offering members learning opportunities can help boost your association’s revenue. Of course, before you can grow your learning business, you’ll need to get buy-in from your board to obtain the necessary resources. Establish urgency in building your learning business. Be prepared for pushback against costs.
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