This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Without routine pricing reviews, your association could be leaving profit, and member satisfaction, on the table. 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. Why are regular pricing reviews essential?
In this post, well walk through how to build a solid annual budget, from historical analysis to flexible forecasting, tailored to the unique revenue streams and expenses of associations. Estimate Revenue Streams List Be sure to describe in detail the common revenue sources for your specific organization. events, publications) 4.
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 Learning Management System, generating non-dues revenue is easy! Extend your Reach to a Wider Audience.
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.
Impexium explains how to increase your association’s sponsorship revenue with a new relationship-based and expertise-focused approach to corporate partners. She shares three questions to help you declutter your media and other non-dues revenue products before adding anything new. Membership value. Association media. 1 CAE credit.
Mark Athitakis at Associations Now brings a promising idea to the association world: the critical reviewer. If youre embarking on an AMS project, start your research with a review of 108 Ideaspaces list of issues to consider when selecting an association management system (AMS). Devils advocate. 1 CAE credit. More info/register.
As associations take on the pressures of the economy and increasing member demands, it becomes vital to identify and implement non-dues revenue opportunities to help ensure financial health. Many associations already use a variety of programs to generate non-dues revenue, among the most common being: Annual Sponsorships.
Can also update your website at no cost every 3 years!” Source: Capterra ] Want to review GrowthZone? By combining robust AMS features with a vibrant community hub, GrowthZone empowers associations to increase membership, boost revenue, and deepen member engagement. Click here. For more information, visit growthzone.com.
Taking a strategic approach to driving non-dues revenue might seem challenging. Read on for proven techniques and technolog ies that will help you boost your non-dues revenue in no time. . Driving non-dues revenue is critically important to your association’s long-term success. Strategies for driving non-dues revenue.
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.
Billhighway explains how virtual events can help sponsors and exhibitors achieve their marketing goals —while helping chapters achieve their revenue goals. Review the six critical stages for your risk-management playbook. How Much Does an AMS Really Cost? Virtual event sponsors/exhibitors. Virtual conference success stories.
We’ve seen reductions in revenue from all sources, including giving, grants, services, and events. To ensure financial resilience, associations are taking quick, decisive and creative actions to expand outside their traditional revenue streams. A Quick-Turn, Cost-Effective Initiative. Great Results and Long-Term Value.
Total dues and non-dues revenue for historical data set. Total cost to service a member over historical data period. This includes salary and cost of membership departments, publication, and marketing and promotional advertising costs. Step 2: Find the Average Cost Per Member. Average lifetime of membership.
Association Briefings explains how podcasts benefit associations and their audience, provides tips for starting an association podcast , and reviews the planning process and issues to consider before you dive in. Ron Friedman, Harvard Business Review ). Live Review. Live Review. Member gatherings. More info/register.
The rankings are determined by many factors, including available exhibit space, nearby hotel rooms, average hotel cost, travel time from the nearest international airport to the convention center, the number of daily flights, and local risk factors — including the prevalence of Covid-19. Live Review of FOUR Association Websites.
Nilofer Merchant, Harvard Business Review ). 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? – Strategic Revenue Growth: Thinking Beyond Members and Sponsors. Let them prove it.
Neil Pasricha, Harvard Business Review ). Hear about 20+ helpful freemium, low-cost, and game-changing solutions out there to make your job easier—tools that can automate your workday and make connecting online easier. Tips to Extend Your Event’s Reach and Revenue. I bet you didn’t even know I was gone. James Green, Quartz ).
That’s especially true for associations with declining dues revenue. Taking some time to brainstorm with members provides them a stimulating engagement opportunity and could generate ideas for contributing additional nondues revenue to your organization’s bottom line. Supplemental Education. Podcasting.
Last month, we asked our readers: What are your most valuable sources of non-dues revenue? It’s not surprising that this group was cited as the most valuable source of non-dues revenue by half of our poll’s participants. Government sources of non-dues revenue were deemed the most valuable by 17 percent of poll respondents.
In this MIT Technology Review article , he said, “What they wrote was remarkable, and remarkably consistent.”. Christine Exley and Judd Kessler, Harvard Business Review ). That easy and “cost-effective” platform or technical solution sounded good at the time, but now you must pay for costly upgrades and patches. 1 CAE credit.
In this high-level workshop, attendees will review key contract clauses, negotiations tips and strategies on how to get to “YES” and review variables that help influence a hotels decision to accept your business. Revenue and Pricing Strategies for Virtual Events. 1 CMP credit. More info/register (fee for MPI non-members).
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. Association magazines. 7-day communications challenge. More info/register. 1 CMP credit.
Too early, and you’re shouldering additional cost before it’s warranted. Some platforms even offer integrations with third-party data analysis and business intelligence tools to help you connect engagement to results like satisfaction, retention and revenue. Review your metrics to find the source of the problem and find ways to fix it.
Each class features a live review of real association marketing collateral, along with recommendations for improvement. And often they can offer their services for little or no cost to you. Learn about the economic aspects of practice test preparation, examining costs, market trends, and the impact of technological advancements.
Cut Customer Service Costs (And Increase Satisfaction). This can cut costs and boost customer satisfaction. Industry research shows that it costs five times more to acquire a new customer than to keep an old one, making customer retention a major goal for businesses. Increase Upsell, Cross-Sell, and Add-On Revenue.
In many cases, annual conventions and trade shows represent the most significant revenue-generating opportunities of the year for associations. These special events are of the utmost importance to any association that relies on this revenue stream. What is event cancellation insurance? Types of coverage. Event insurance rates.
Their guide covers configuring software for abstract submission and peer review, issuing the call for papers, designing the conference program, and more. Competing against niche professional organizations, membership and conference revenue has “slowed to a trickle.” Host: Professionals for Association Revenue Wed 10/11 at 11 a.m.
Start by reviewing each of your strategic goals and identifying the key metrics you can use to measure progress against those goals. And while it’s important for you to track and report on all of them, it isn’t feasible to regularly review them all. Examples could include quality, cost, growth, and member experience.
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. Host: Professionals for Association Revenue Speaker: Vern Schellenger, President and CEO of Contacts Count Wed 1/24 at 12 p.m. Wed 1/24 at 2 p.m.
This includes creating an annual operating budget , a document that breaks down your organization’s revenue, or the money you’ll bring in, and expenses, or the money going out to cover your costs, for each fiscal year. Since you’ve already identified many of your organization’s expenses, start by outlining and categorizing those costs.
Your team likely plans and launches multiple fundraisers throughout each year to bring in enough revenue to fund the various initiatives associated with furthering your mission. Let’s break down the two sides of an operating budget—revenue and expenses—in more detail.
Harvard Business Review recently highlighted this same trend in looking at “ super consumers.” innovation membership whitepaper Associations Now Harvard Business Review Shelly Alcorn' In other words, they’ll be a drain on your association’s resources. They aren’t going to buy more, are they?
Their guide covers configuring software for abstract submission and peer review, issuing the call for papers, designing the conference program, and more. That’s on us, says Jay Cost at The Dispatch. Year in Review (Data Analytics Network) Join association professionals for peer-led discussions on topics related to data and analytics.
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.
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. . – More info/register.
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. by William Deresiewicz, Persuasion Word and language nerds, this one’s for you. by Wilfred M. 1 CAE credit.
Another belated book review - or, to be more precise, a timely review of a book it took me way too long to read. WOM generates more revenue (not least of which because it doesnt generate much in the way of costs). Labels: Andy Sernovitz , book review , Marketing. Why Are We Still Doing Annual Performance Reviews?
If you offer learning or membership subscriptions, clear your Harvard Business Review cookies and read this article by Nir Eyal. That’s the question the Professionals for Association Revenue asked several association executives and consultants. Subscriptions. Sponsorships. 1 CAE credit. . – 1 CAE credit. More info/register.
TopClass LMS describes the advantages of credentialing exam study groups for candidates and associations, such as boosting pass rates, introducing people to your other programs, and generating new 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.
Processes, policies and traditions are all areas of concern when it comes to DEI, but this meaty read, The Manager’s Guide to Inclusive Leadership — Small Habits That Make a Big Impact from First Round Review, describes small behavioral steps leaders can take to create a more inclusive workplace. Bruce Feiler, Harvard Business Review ).
And don’t forget the cost of staff time, and the fact that you can’t create change with 5% of this person’s time, and 10% of that’s person’s time – someone will need to take primary responsibility, and that person will likely need to shift some of her other responsibilities to someone else to make that happen.
No more struggling over retention, lifetime value, acquisition cost, or other need-to-know numbers. At Harvard Business Review, Marc Zao-Sanders says the capability and much of the value of a company is a function of the collective skills of its workforce, which is why you need to know how to identify lifelong learners when you’re hiring.
McClay, The Paris Review You never grow old at the table My fish market recommended this satisfying recipe: pan-seared blueline tilefish with mushrooms, asparagus, and onions. These ideas can also be used when reviewing the comprehensive member onboarding processes and campaigns that your organization has set up. IYKYK) | by B.
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. Host: Review My AMS. CAE credits.
We organize all of the trending information in your field so you don't have to. Join 57,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content