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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.
The pandemic unexpectedly transformed how organizations hosted their events and meetings, forcing event planners to quickly pivot and move their meetings to virtual platforms. Similarly, analyzing your event data from many angles can lead to a major impact on revenue. Year over year, is it increasing or decreasing?
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). Elizabeth Stice at Current offers a slant from outside our industry on why membership organizations are worth the effort. AMS selection. Membership benefits. Sponsored content.
They describe revenue-sharing models and offer tips for ensuring a profitable, equitable and peaceful partnership. What do you lose by making your organization more transparent? But is your organization up to the challenge? You don’t have to be an ASAE member to attend this consultant-organized event. Awards program.
As a nonprofit, it’s a good idea to have a variety of revenue sources to fund your missions. And if you’re looking for support for a specific project or position within your organization, you may have grant writing. One source can be grants.
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.
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). Lori Zoss Kraska of Growth Owl is always researching and uncovering new approaches to sponsorship. AMS selection. More info/register. More info/register.
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. More info/register.
Learning revenue. After the mass transition to remote work, I wondered how people were interacting and building relationships with co-workers, especially in organizations where leaders didnt make that a priority. How hard does your organization sell this aspect of your events? Makes sense to me! Remote workplace culture.
As you strategize for the future, consider a few add-on tools to help you amplify the impact of your online community and strengthen your ability to meet the personalized needs of your members while driving association revenue, among other business objectives like recruitment and advocacy. Strategic content delivery.
While the process can be tedious, compiling nonprofit financial statements allows your organization to evaluate its financial standing and stay accountable to stakeholders. To get you up to speed, well review the basics of this report, why its important, and how to interpret it so your organization can maximize this data.
The weekly list of free educational events and resources for the association community The health of an organization is directly proportional to the speed at which truth travels within it. Matt Locke at Attention Matters suggests three tactics for making your organization seem like a safe choice. Luke Burgis [A revealing one to ponder.]
On the front-end sales line here at Higher Logic, we often hear organizations are happy with using social media platforms as their main line of communication with and between their members. To decide if your organization needs a more private communication channel than social media, consider these three advantages to owning your data: 1.
What dues rates will maximize both revenue and participation? The low-fi way to answer this is to benchmark against some comparable membership organizations, to see if what you’re offering (by way of benefits) and charging (by way of dues) is within, below, or above the general market. That’s a good one!
Billhighway explains how virtual events can help sponsors and exhibitors achieve their marketing goals —while helping chapters achieve their revenue goals. This series of 15-minute videos cover hot topics and issues related to 501c organization management. It’s what we do: we build organizations and projects that create value.
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. Ethan Mollick thinks the ultimate winners on the AI playing field are organizations that create grimoires.
The same can be said for your organization, as it is making plans for its next association management software (AMS). Read our blog to begin preparing your organization for new technology today. To meet the technological needs of your organization and build your expert selection team, consider the following tips: 1.
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. This series of 15-minute videos cover hot topics and issues related to 501c organization management. PPN Idea Exchange: Improve Chances Companies Will Sponsor Your Organization. CAE credit.
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. Location: Alexandria VA. Location: Alexandria VA.
They especially get in the way when you’re leading up a project, so thankfully WBT Systems suggests 11 catalysts for cross-departmental collaboration. Check out this 15-minute web series covering hot topics and issues related to 501c organization management. Organizer: ASAE Greater Washington / National Capital Community.
As part of that sense of urgency, Younger says, associations should consider whether their process for identifying, nominating, and seating board members serves the organization is the most effective one. It absolutely makes sense that the board is the lead on defining the strategic direction and the mission of the organization.
Competing against niche professional organizations, membership and conference revenue has “slowed to a trickle.” The organization’s outgoing treasurer describes the financial situation as “dire.” Host: Professionals for Association Revenue Wed 10/11 at 11 a.m. Association deathwatch. CMP credit. More info/register.
Her third round of grants in less than a year, Scott wrote that grant recipients were “286 high-impact organizations in categories and communities that have been historically underfunded and overlooked.” Organizations that received a grant from Scott varied in size, but the majority have annual revenues in the $1 million to $5 million range.
Many members are struggling financially because they’ve been laid off, had their budget cut, or suffered revenue losses. EDT – Member ROI Simplified: Safeguarding Your Organization’s Future. The most important method for safeguarding your organization’s future is to research, embrace, and maximize your Member ROI.
They’re looking for a 501(c)(3) organization whose powerful mission could impact more people more deeply if it had marketing and branding help. Carolyn Shomali of Professionals for Association Revenue explains what associations can learn about audience engagement from the most popular podcasts today. Seems like a good place to start.
Non-dues revenue. If you’re a podcast listener, check out Association RevUP from Professionals for Association Revenue. Come prepared to share your organization’s plan on how to keep political discussions civil at work. More info/register. Fri 9/27 at 4 p.m. Are political discussions prohibited? Location: Washington DC.
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?
Their journey offers a playbook for any organization wrestling with the complexities of digital transformation. AIIMs evolutionfrom its roots as the National Microfilm Association in 1943 to its current incarnationmirrors the broader shifts in technologys role within organizations. million in annual revenue with just 21 employees.
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. Quick hits.
This workshop will arm you with tactical strategies that will help you to negotiate and defend your organization in this evolving market. This series of 15-minute videos cover hot topics and issues related to 501c organization management. Revenue and Pricing Strategies for Virtual Events. 1 CMP credit. Mon 7/13 at 1 p.m.
Wes Trochlil at Effective Database Management describes the benefit of belonging to an AMS users group : you can “tap tens if not hundreds of other organizations that are using the same or similar software.” If your association has a website redesign project on the horizon, there’s no need to ask for RFP samples on ASAE Collaborate.
They explain how to develop a content strategy, know when it’s time for a redesign, decrease costs and increase revenue. AI Basics for Today’s Business Leaders Learn about AI, its capabilities, potential impact on your organization, latest developments in AI technology and how they can benefit your organization. Print magazines.
. – Consistent Messaging for Nonprofits (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! What are the primary challenges you encounter when measuring success?
Alina Cooper, Director of Project Management, Event Garde. Geared for conference organizers and event planners, this collaborative workshop gives conference professionals practical tips and experience, especially when moving an event online. Organizer: Better Meetings. Lori Ely, Chief Revenue Officer, Results Direct | RD Mobile.
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.
As a membership organization, member dues are core to your organization’s overall financial success. and relying on a single revenue stream is too risky. This is where non-dues revenue comes into play. You need options, and those options mean investing in revenue streams that aren’t reliant on your members’ annual dues.
Everyone knows getting buy-in for a new project can be frustrating. You’ll likely face questions and concerns even after you present your team with details on how an online community can improve acquisition, retention, and revenue. Being prepared for those concerns will help you address them and move your project forward.
Fri 11/13 at 10 a.m.* – Member ROI Simplified: Safeguarding Your Organization’s Future. The most important method for safeguarding your organization’s future is to research, embrace, and maximize your Member ROI. This series of 15- to 20-minute videos cover hot topics and issues related to 501c organization management.
It’s “a planning method that helps people and organizations figure out how to create their preferred future.” He says, “Consider the data, and its tremendous value to the organization, before you commit to another [event] platform.”. This series of 15-minute videos cover hot topics and issues related to 501c organization management.
Impexium describes three crucial principles that most associations and vendors overlook during an AMS implementation —things that will make your project much more difficult. Katherine Matthews, CAE, talks to Alexandra Mouw, CAE, about the National Council of Architectural Registration Boards’ journey to becoming a data-driven organization.
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?
Lee Gimpel of Better Meetings is calling out virtual conference organizers for giving the label “networking opportunities” to five types of experiences that don’t deliver on the networking promise , including the ubiquitous chat box. Virtual conference networking. Quick hits. Host: Fridays@4. Mon 6/21 at 1 p.m. every Monday. .
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