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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.
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.
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.
Their method anticipates member needs and industry trends, instead of reacting to ideas from SMEs alone. Contribute to industry research by taking Amanda Kaisers New Member Engagement Study survey. Elizabeth Stice at Current offers a slant from outside our industry on why membership organizations are worth the effort.
Insight Guide is conducting research on industry suppliers’ engagement with associations. Fíonta explains why your association’s accounting/finance team must be involved in your AMS project from the start and stay involved through the launch. They also describe finance-related issues that might come up during the project.
They describe revenue-sharing models and offer tips for ensuring a profitable, equitable and peaceful partnership. Our goal remains the same: to work together as vendors and consultants to help associations achieve better outcomes with their technology projects. Engage with industry innovators and thought leaders.
Learning revenue. As AI reshapes industries, associations and nonprofits must navigate a rapidly shifting landscape or risk being left behind. In an industry filled with revenue models, engagement tactics, and membership initiatives, knowing what truly drives success can mean the difference between growth and stagnation.
In 2025, Congress is likely to consider new tax increases on association revenue, such as membership dues, sponsorships, investment income and educational program revenue. Here’s an opportunity for associations to work with industry employers to provide this in-demand training. Tax reform threat. Purchasing decisions.
Election outcomes can influence the regulatory, economic, and policy environment where construction, real estate, and community association management industries operate. Automation helps finance leaders do more with less by reducing repetitive tasks and streamlining processes, helping to keep projects on track.
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). Think Like a Media Company: Unlocking Non-Dues Revenue for Sustainable Association Growth Hear about the imperative need for diversifying revenue streams.
Billhighway explains how virtual events can help sponsors and exhibitors achieve their marketing goals —while helping chapters achieve their revenue goals. This project you’re working on, the new business or offering, what sort of value does it create? It’s what we do: we build organizations and projects that create value.
Meetings Today talked to event planners about revenue diversification, in-person vs. virtual attendee engagement, and managing your mindset. The Society for Industrial and Organizational Psychology shared some of their sponsorship plans for an upcoming virtual conference on Collaborate (sorry, ASAE members only). Good question.
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.
Does your association have a career section for people curious about entering your industry or profession? I love this page from SEMI about the semiconductor industry. 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.”
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. The Community Check-In A weekly community chat on Slack for black professionals working in the events industry.
The weekly list of free educational events and resources for the association community… Industry careers website. 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.
Many members are struggling financially because they’ve been laid off, had their budget cut, or suffered revenue losses. Why there won’t be a meeting industry new normal. (by Association websites compete with for-profits, media, and other associations for eyeballs, mindshare and even revenue. From Virtual Events to Real Revenue.
When something happens that is front-page news or incendiary within their industry or their profession, you don’t have the luxury to noodle on things. They can’t simply send things out to committee and have committees study them for a year or 18 months and come back with recommendations.
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. LMS Demo Days Watch presentations from a limited number of industry partners that offer LMS platforms.
Cimatri is inviting associations to participate in their State of IT Security in the Association Industry survey. The only thing constant in our industry is change. Join a discussion with veteran journalists and industry experts on where the money is likely to go and what it all means for you for the rest of 2020. IT security.
James Young at Product Community shares ten revenue-generating product ideas. Learn how one association used personalized communications to gather data that boosted member retention, non-dues revenue, and year-round member engagement. Are you focusing on the right projects? Should you first focus on tools rather than projects?
They explain how to develop a content strategy, know when it’s time for a redesign, decrease costs and increase revenue. Today, It’s not just your industry-leading info, your subject matter experts and your networking opportunities. Project Success Is Up to You: Taking Your Project to the Next Level I get it.
Non-dues revenue. If you’re a podcast listener, check out Association RevUP from Professionals for Association Revenue. Each episode (25 minutes max) hosted by Carolyn Shomali features association industry professionals discussing an element of association business—culture, sales, partnerships, data, strategy, etc. to 6:30 p.m.
million in annual revenue with just 21 employees. Instead, leaders examined their mission through a new lens, identifying opportunities to evolve alongside the industries they serve. By welcoming a diverse audience, they stayed relevant to evolving industry needs. AIIM didnt shy away from tough questions about its relevance.
If you’re seeing lots of movement in your industry—members losing jobs, employers hiring for new positions—consider hosting a virtual job fair. Quickly, organizations froze salaries and eliminated bonuses and benefits as they hedged against rapidly changing revenue forecasts. Now that the future is here, what’s next? Virtual job fairs.
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. Membership app adoption. AI for associations. More info/register. 1 CAE credit.
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 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. Thu 6/17 at 8 a.m.
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.
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. Host: Cvent.
Your staff is short on time and, with so few employees, you may not have the expertise to take on all the projects you want. All those elements provide a great member experience, which can help increase member acquisition, retention, and revenue. If you have one or more large projects, go to an agency that specializes in video content.
Impexium describes three crucial principles that most associations and vendors overlook during an AMS implementation —things that will make your project much more difficult. EU collaboration and trade, and how associations can move forward as change agents for their industries and professions with an open mind. AMS implementation.
Sure the events industry is upside-down, and, once again, associations are scrambling for new ways to monetize that profound — but sometimes ineffable — quality they bring to their industries. Ecommerce sales are just one of the forms of non-dues revenue associations are gleaning from their AMSs. Yep, some things never change.).
Alina Cooper, Director of Project Management, Event Garde. She’ll be joined by community professionals, industry experts, and global thought leaders to explore a different topic each week. Lori Ely, Chief Revenue Officer, Results Direct | RD Mobile. Find out how COVID-19 impacts diversity, equity and inclusion.
Well, here’s one way to do it, according to WBT Systems: help students and recent graduates learn industry basics and differentiate themselves from the competition with introductory digital badge and credentialing programs. Presenters: Alyssa Peltier, Senior Manager, Industry Solutions, Event Marketing, Cvent. Non-renewing members.
“Meanwhile given the ever-changing COVID crisis, we have not projected figures for 2021. The primary driver of revenue loss in 2020 is reduced volume sales. Weakened NSM pricing has also driven revenue loss. Overall Globex projects pricing will be depressed by -3% in 2020. Highlights – Projection to 2022.
Now that this task has come to the forefront again, learn how to manage a project like this. Boost Membership & Non-dues Revenue in a Virtual World with Open Communities. ExpoChat is a Twitter-based conversation on topics related to the trade show industry. The Future of the Event Industry. More info/register.
The labor shortage America is currently experiencing is the largest issue disrupting supply chains, disrupting every industry and causing every member to rethink how they get the work done. Facilitator: Anuja Miner, Project Management | Association Executive | Membership Executive | Account Director | Fridays@4 Member. Host: Fridays@4.
The HOA industry has been through a year like no other and learned several lessons over the last 12 months. The industry learned news ways to adapt quickly and dramatically to changing business conditions. 5 Lessons the HOA Industry Learned During the Pandemic 1. Another big challenge?
As part of a visit to Pennine Events’ sister company: ‘The Coast to Coast Packhorse’, Pennine Events took the opportunity last week to highlight the urgent pledge for support for the events industry. The response to the letter was warm, and we hope it instigates action that can save thousands of businesses.”. Will we survive this otherwise?
Two-thirds of venues say they will recover to 2019 meeting revenue levels in 2022 or 2023, with Danish and Australian venues predicting the fastest recovery, according to IACC’s annual Meeting Room of the Future Barometer 2022 , which was released today. Collaboration with colleagues is also highly ranked.
If you have members who are influential in your industry or profession, consider putting them to work as ambassadors. Regardless of where your association’s influencers reside, consider if they could serve as an ambassador for your industry or profession. A look at some roles to consider them for. Post your comments below.
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. . Are you focusing on the right projects? 1 CAE credit.
I especially love the last two lessons: track metrics that matter and share guidance with your industry. Their post describes four ways your association can leverage event and learning data to increase attendance, select content, improve programs and grow revenue. Fri 12/4 at 10 a.m.* – Generating Revenue in a COVID World.
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