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Improving the Bottom Line with Non-Dues Revenue. The following is a guest blog post from Chad Slager, Director of Sales for Directory Solutions. There was a great planning article posted in ASAE several years ago – and still very fitting today – that spoke to the business planning involved in creating non-dues revenue programs.
Networking and Expert Directory Access. Online networking , like connecting through an online community or looking up experts in a directory, is also a valuable benefit. Member directories help people find peers in their area and build relationships. You can set prices for courses individually, or base them on membership tier.
Membership fees provide extra revenue to reinvest back into your mission, and you can give members exclusive perks that reinforce their commitment. In exchange for this loyal, recurring support, associations offer members benefits like exclusive experiences, invitations, discounts, and even free items. billion by 2032.
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.
Your association can also realize increased non-dues revenue by using an LMS to deliver and promote engaging content in a streamlined course catalog. Solution: Leverage community engagement platforms to provide member directories for easier networking and various spaces for discussions. Jones, CAE, Chief Revenue Officer Mark L.
Thankfully, there are varied approaches to increase non-dues revenue (NDR) from member communication. Whatever the approach, the common principle in practice is: The more value your communication programs can provide to BOTH members and advertisers, the better positioned your association is to earn higher non-dues revenue.
Host: Impexium MC: Donna Gandt, Chief Revenue Officer, Impexium & Billhighway Tue 12/12 at 10:30 a.m. – Find out how printed directories and data management are related. . Learn about the process of planning, executing, and optimizing member-generated video campaigns to achieve revenue-based outcomes. 1 CAE credit.
Discounted registration. Associations with members-only events can offer earlier registration times, larger discounts, and higher-value merchandise to attendees at higher membership tiers or who have been members for a longer time than others. Invitations to special events. Free merchandise. Hotel or transportation vouchers.
SMEs save your staff time and readily offer a wealth of industry information, accelerating your learning program goals and generating association revenue. Consider offering discounts on association membership, pay SMEs for their time and reimburse travel costs, and offer continuing education credit when they develop content.
When you rely on member dues as a significant revenue source, free membership sounds scary. Let’s say your association has a varied menu of web resources, an online member directory, or a rich archive of content—and it’s all stuck behind a paywall. As the old adage goes, “The best things in life are free.” Free preview weekend.
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. Find out how printed directories and data management are related. .
We also produce a Georgia Manufacturing Directory. I was surprised that a directory had never been produced, so we made one and it became a best-seller on Amazon. They get instant access to all of our events at a discount and a 100 word company listing in the Directory. AA: Where does your revenue come from?
Member discounts, online meetings, directories, and medical or retirement benefits were added programs respondents mentioned. We handle the marketing and communication, so it’s a high ROI for the businesses and members.” ” [ON-DEMAND] “Networking Events of the Future” with Amanda Kaiser ».
Non Dues Revenue and Affinity Programs for Members. So here is a quick list of possible non-dues revenue and affinity products that I have put together to get your thinking going. Directory Sales. Books, directories, periodicals. Hotel Discounts. Overnight Shipping Discounts. Rental Car Discounts.
When you rely on member dues as a significant revenue source, free membership sounds scary. Let’s say your association has a varied menu of web resources, an online member directory, or a rich archive of content—and it’s all stuck behind a paywall. As the old adage goes, “The best things in life are free.” Free preview weekend.
Online membership directory. Discounted or free industry publications or resources. This kind of job board is valuable for both members and job seekers, of course, but it’s yet another potential revenue stream for your organization as well. Online membership directory. A directory boosts your organization’s reputation.
Online membership directory. Discounted or free industry publications or resources. This kind of job board is valuable for both members and job seekers, of course, but it’s yet another potential revenue stream for your organization as well. Online membership directory. A directory boosts your organization’s reputation.
Entries were organized by category — based on the chamber’s annual revenue — and entry type: campaigns, digital content, websites, and print and electronic publications. Extra shoutout to South Shore Chamber of Commerce and Zionsville Chamber of Commerce who were named as Best in Show within their total annual revenue category.
Some popular member benefits include: Networking opportunities Access to exclusive events Member spotlights and awards Coupons and discounts Job boards Mentorship programs If you’re looking to give your benefits package a makeover, send out a survey to your members to find out about their interests and pain points! Engage, engage, engage!
We hope you will learn from these user stories and how you can grow member value, increase productivity, and boost revenue while using GrowthZone’s software solutions. The expanded member directory and advertising option for members has provided additional value for our partner members and made their Chamber membership more valuable.
While both of these systems are designed to collect, store, and analyze data, CRMs are primarily used to learn more about customers and create stronger relationships with them with the goal of boosting revenue. Managing finances is a pain point for many associations, especially when there are revenue streams from multiple sources (e.g.,
Moments of economic turbulence provide the unique opportunity to start new businesses, launch disruptive new products, and strengthen customer loyalty – often at a discount,” writes Andrew J. Offer greater member advertising discounts. Razeghi , professor at Northwestern University’s Kellogg School of Management.
Set up a Membership Directory on Your Commerce Website. A member directory is the most common way to promote your members to the community. Member directories are usually one of the most visited pages on a chamber of commerce website. It also allows businesses to connect and search for each other. Everyone loves food.
The fair share model provides membership pricing based around the member company’s: Number of employees Revenue Size Other factors. Application fee waived Discounted mailing list/mailing labels Complimentary conference room rental (certain dates or times could be excluded depending on tier). Fair share model. Investor membership model.
This could include: Discussion forums Membership directories Event calendars and registration Job boards Industry research and reports Through a personal login, membership websites allow organizations to provide additional benefits to dues-paying members. For example: Clubs bring together groups based on geographic areas and/or interests.
Relationships are at the core of all associations and chambers of commerce, paving the way for essential revenue that maintains their long-term success. Some of the key reasons to invest in this software include: Revenue maximization. Your members might not renew on time (or at all) if they don’t get an auto-renewal notice.
Relationships are at the core of all associations and chambers of commerce, paving the way for essential revenue that maintains their long-term success. Some of the key reasons to invest in this software include: Revenue maximization. Your members might not renew on time (or at all) if they don’t get an auto-renewal notice.
Here are a few, along with some tips that might save you money: The Foundation Directory lists thousands of foundations. GrantStation costs around $200/year but regularly offers discounts. I normally recommend no more than 1/3 of your organization’s revenue is from grant funding. Diversification of funding is best.
Membership level: Your CRM should apply badges, special permissions, or discounts based on membership level when members make online purchases. Users can explore the robust member directory to identify and connect with members for personal or professional networking opportunities. Event management. Payment processing.
In this guide, we’ll cover the following three common challenges faced by learning businesses: Decreasing Learner Engagement Low Non-Dues Revenue High Administrative Burden. Challenge: Low Non-Dues Revenue. A steady stream of additional non-dues revenue is essential for your association to thrive year over year.
MC Professional is perfect for member-based organizations where individuals are your members and revenue and increasing member relationships are your priorities. MemberClicks combines user-friendly but powerful tools to boost membership value and increase revenue with a platform of integrated solutions.
To offer these services, your chamber needs a steady stream of revenue, and this is where membership fees come into play. This model provides a concentrated renewal push, set times for new member onboarding, and a consistent revenue influx. This is also referred to as non-dues revenue.
The Event Tech Group mobile app solutions provide multiple opportunities for you to build revenue and for sponsors to build brand awareness. This overview will outline the powerful revenue generating opportunities available through both our year-round and event app mobile solutions. Sponsors will pay a premium for exclusivity.
The Event Tech Group mobile app solutions provide multiple opportunities for you to build revenue and for sponsors to build brand awareness. This overview will outline the powerful revenue generating opportunities available through both our year-round and event app mobile solutions. Sponsors will pay a premium for exclusivity.
Typically, this software includes features like membership directories, billing and payment processing, online community capabilities, reporting, event management, and marketing tools. You can think of this software as a database for all member data as well as financial, statistical, and business information.
Customize your communications strategies and automate online benefits like discounts and registration perks. Generate additional non-dues revenue with integrated advertising opportunities that attract new sponsors interested in connecting with your community. Easy-to-use member directory. Program management tools.
• Purchase a book or directory (13%). Dues Discount. (4). Non-Dues Revenue. (1). . • Participate in their public social network (13%). • Participate in their young professional program (8%). • Upgrade their membership to a higher level (12%). • Acquire or maintain a certification (22%). Economics.
We cant simply eliminate what may be our largest source of revenue and still do business the same way we always have. What do you do about revenue streams being shared in a national/state/regional association structure? We connect with our peers in ways that make the membership directory a thing of the past.
We hope you enjoy (and can relate to) hearing from our customers and how they are reaping the benefits of using GrowthZone’s software solutions to grow member value, increase productivity, and boost revenue. Using ChamberMaster has not only increased our revenue, but it has also improved our member involvement.
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