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Let’s take a look at a few ways you can shift challenges into opportunities, keep your association top of mind, and maintain your revenue stream in 2023. Look Beyond Top Line Revenue Most people define success by revenue generated, but in today’s economy, we need to go beyond the numbers. Read more about their story.
Similarly, analyzing your event data from many angles can lead to a major impact on revenue. Situation : We’ve looked at the trend analysis and it indicates that we are not projecting to make our registration goal. For example, in 2020, when everything was remote, did your attendance spike because people could attend virtually?
Have conversations with volunteers and staff about how you can all set an example for others. She also shares examples of companies who built successful products but lost sight of what made them great. Learn how to foster cross-departmental collaboration to create new revenue opportunities. Know what youre up against.
If youre embarking on an AMS project, start your research with 108 Ideaspaces list of issues to consider when selecting an association management system (AMS). Lead Marvels helps you make a case for a new revenue stream at your associationsponsored content. AMS selection. Again, are you offering and promoting this aspect of membership?
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. Attendee value. 1 CAE credit.
This category includes accounts payable, accrued expenses, and deferred revenue, which youll record when your nonprofit has received payment but has not yet delivered the associated goods or services. Youll categorize them similarly to assets: Current liabilities. Short-term obligations youll pay within the next year are current liabilities.
In 2025, Congress is likely to consider new tax increases on association revenue, such as membership dues, sponsorships, investment income and educational program revenue. Enjoy these recognizable examples of technology or optimization causing us to be worse off than we were before. Luke Burgis [A revealing one to ponder.]
A strong, carefully crafted website that gets new visitors and consistently brings loyal supporters back can become of your nonprofit’s most powerful tools for increasing awareness and revenue. As you increase website traffic, you’ll increase donations and fundraising revenue. Why Website Traffic Matters to Nonprofits.
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.
Meetings Today talked to event planners about revenue diversification, in-person vs. virtual attendee engagement, and managing your mindset. Virtual event sponsorship example. 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.
I’m looking for examples for a post I’m writing. 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.
Once again, I’m asking for good examples of association (or association foundation) websites that feature an industry careers section. This page from SEMI about the semiconductor industry is an example of what I mean. In case you missed it, they described Open Space and its advantages, and shared a few association examples in part one.
They especially get in the way when you’re leading up a project, so thankfully WBT Systems suggests 11 catalysts for cross-departmental collaboration. Not only can you use digital marketing to grow your revenue but also your brand awareness, event attendance, and open doors to new opportunities. 1 CMP credit. . More info/register.
Carolyn Shomali of Professionals for Association Revenue explains what associations can learn about audience engagement from the most popular podcasts today. In a recent survey in fact, over 80% of associations said that they are making non-dues revenue a top priority. Seems like a good place to start. Lessons from the podcast world.
Information about your team’s project management methods and tools being used – i.e. where to find project task lists or communication threads in Asana, Basecamp, Slack, etc. Some important reports that come to the top of my head include: Revenue reports. Examples could include: Speaker Agreements.
They explain how to develop a content strategy, know when it’s time for a redesign, decrease costs and increase revenue. Our panel will provide examples of microaggressions they have faced in the workplace. Project Success Is Up to You: Taking Your Project to the Next Level I get it. Print magazines. Generation Z.
When it comes to non-dues sources of revenue, not all are worth the time, energy and effort. Organization leaders need to understand the total value of the revenue source, which means more than the return on investment; it also means looking at how much mission impact is perceived to be achieved by board members, staff, and members. .
Take, for example, the story of one prominent standards body that tired of their AMS and decided to swap it out for a newer, shinier one. Until after four months of trying (it can be a big project with a lot of hidden surprises) they realized that the replacement system had its own warts.
If your association has a website redesign project on the horizon, there’s no need to ask for RFP samples on ASAE Collaborate. You can get everything you need in Brightfind’s RFP template for CMS and website design projects. Host: Professionals for Association Revenue Wed 9/27 at 1 p.m. Website RFPs. More info/register.
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.
Billhighway shares recent examples of different virtual education options offered by chapters around the country, plus tips on how to get your chapter leaders started with virtual education. Bruce Rosenthal gives some examples for how associations can pivot their sponsorship programs to virtual events. Virtual event sponsorships.
Billhighway talked with Peter Houstle of Mariner Management and Christi Beatty of the Associated General Contractors of America (AGC) who are working together on AGC’s chapter benchmarking project. Christi shared lessons learned so far, including five prerequisites for a chapter benchmarking project. Event budgets. Pietranton, Ph.D.,
Facilitator: Anuja Miner, Project Management | Association Executive | Membership Executive | Account Director | Fridays@4 Member. Online community platforms helped many associations thrive despite the devastating impact the pandemic had on non-dues revenue streams. – Revenue Success from Scratch: One Association’s Story.
If you get frustrated, don’t bail on the project. Embarking on an analytics project will naturally result in a focus on data quality and data governance. For example, infographics and other concise visualizations work better than reports for most audiences. Create a process to generate revenue using data. Confidence.
For example, a cheerleading team may aim to raise $1500 with its three-month peer-to-peer fundraising campaign to supplement national competition fees based on its earnings of $1200 the previous year. These figures will allow you to determine your expected net revenue and better project your fundraising results. Delegate tasks.
Staff interviews are a critical element in preparing a business case: you’ll gather information to support your argument and you’ll identify project allies. The brighter future you promise is full of new market opportunities—and new revenue—but don’t assume decision-makers know that. Show them that you’re ready to take on this project.
Building Wagtown: A Passion Project (Radio Free 501c, the podcast of Rogue Tulips Consulting ) Every week Rogue Tulips brings the nonprofit community intriguing guests discussing vital topics affecting nonprofit organizations around the world—and we have fun doing it! . More info/register. 1 CAE credit. More info/register (PAR members only).
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.
Revenue and Pricing Strategies for Virtual Events. Learn how to maximize revenue for your digital event, craft compelling offers, price digital events, communicate value to attendees, and create compelling sponsorship packages. Rae Malcham, Senior Technical Project Manager, Hubb. Tue 7/14 at 12 p.m. 1 CMP credit. 1 CMP credit.
For example, the COO and CFO may focus on ROI, while the CEO and other executives care more about member engagement or industry standing. If you’re not sure who’s been down the same path, ask around to find out who’s in the midst of or who’s just finished a project or initiative that required a budget. Master your presentation.
Project success stories. Sherry Budziak of.orgSource recaps accomplishments and lessons learned by the association execs and tech partners who shared their project stories at Solutions Day. Go on a whirlwind tour of some of our recent projects. Good things happen when you have good relationships with technology partners.
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 also share association examples of effective program elements. Association magazines. Association boards. Member engagement.
Hear about the anatomy of a virtual event and examples of how associations have increased the interactivity of online experiences that will ultimately improve online learning forever. How to Project Leadership and Get Results on Video Conferences. Matt Hughes, Projection AV. Tue 9/22 at 12 p.m. Wed 9/23 at 11 a.m. – Host: CESSE.
Alina Cooper, Director of Project Management, Event Garde. Lori Ely, Chief Revenue Officer, Results Direct | RD Mobile. Now is the time to be flexible, adjust your sales outreach efforts, fine-tune sponsor and customer value and expectations, and discover new revenue streams. More info/register. Host: Event Garde. 1 CAE credit.
Some examples include: Data specific – What data empowers you? An example is how many new members did we acquire last month? Revenue growth driven by improved membership numbers, increased product sales and optimized marketing reach and effectiveness. This will help increase membership and revenue. What limits you?
Here are six practical examples of how AI and predictive analytics technologies can help your organization work smarter and faster. But what are some practical examples of how your association can use AI and predictive analytics? Increase revenue from your professional education program ?by Drive more non-dues revenue ?by
Chapters can continue to generate non-dues revenue by partnering with their sponsors in new ways. Billhighway explains how to help chapters leverage their event and content assets to deliver desperately needed revenue to their bottom line and value to sponsors. Chapter sponsorships. Virtual event sponsors and exhibitors. 1 CAE credit.
Revenue Revamp: 5 Game-Changing Fixes Help Chapters Increase Non-Dues Revenue in 2024 If sponsors, exhibitors, and advertisers believe your chapters can positively impact their bottom lines, chapters will convert more customers with less effort. . – Our panel will provide examples of microaggressions they have faced in the workplace.
Of course, you know they have a good answer, which they share in their latest post along with examples of how two associations use chapter benchmarking data to spark change. Analytics in Action: How to Boost Event Registration Revenue with Data. Benchmarking chapter data. Billhighway asks, “ What’s the point of chapter benchmarking? ”
You’ll come away with specific examples from the team at the International Association of Exhibitions and Events (IAEE) that you can use to inform your own strategy. Once you’ve identified what’s working, you can reinvest, and promote those projects. They then promoted that content to unengaged members with similar profiles.
You’ll choose technology that helps you deliver the best learning experience possible to members and customers, and the maximum revenue to your bottom line. They become the main point of contact with vendors, for example, answering their questions and following up with them to get additional information.
They will appreciate being seen as an educational resource and not just a revenue source. But before you begin your search for potential sponsors, step back and look at your association’s approach to revenue partners. Course materials, for example, content they’ve created or books they agree to purchase for students?
For example, perhaps you want to grow your membership by 50% in the next two years and maintain retention at 75% or more. Revenue and income diversification goals that detail specific profit margin targets, projected or desired growth, and income streams you must support or add.
Establish communication channels You can keep your technology project on track by identifying a backup point of contact to ensure your software selection team stays updated on key project developments. For example, you might want to increase your membership by 300%. Or you’ll want to triple your non-dues revenue.
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