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When was the last time your association considered its pricing strategy? Without a comprehensive approach to pricing, your organization might run the risk of leaving money on the table or alienating long-term members with drastic changes and sticker shock. Why should associations use pricing discounts? Boosting cash flow.
When was the last time your association evaluated its pricing strategy? Without routine pricing reviews, your association could be leaving profit, and member satisfaction, on the table. If your associations pricing stays stagnant, you risk losing relevance and revenue. Why are regular pricing reviews essential?
Are you looking for strategies to drive revenue to your association? Rather than reducing product costs and increasing sales, you could reconsider your organization’s pricing strategy. Choosing the right pricing strategy for your association’s services and products can offer powerful results. What are our costs?
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.
Introduction Is your association looking for new non-dues revenue ideas? With a learning management system (LMS) your association can prioritize non-dues revenue while boosting learner engagement and streamlining staff processes. Here are eight non-dues revenue ideas for your LMS: 1. There’s the rub: great content. Learn more.
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.
Are you creating new eLearning courses to provide value to members and bring in revenue for your association’s learning business? If so, you’ve probably encountered the challenge of how to price those courses. Pricing them too high may deter members from investing. 5 eLearning Pricing Models for Your Courses.
In this guide, well explore four tips for ensuring your small businesss events succeed and bring you great results. Instead of just making the reservation, you might pay for transportation from your office to the event and cover the price of everyones drinks. Lets begin! Identify goals for the event. Hosting any event is challenging.
Is pricing too low? Is your program effective at increasing non-dues revenue ? Click rates, referrals, and revenue generated by past sponsors can be compelling for those who are on the fence about working with you. Set Prices Carefully. Set your prices deliberately, based on the perceived value of each package.
We already know that not only does eLearning provide a valuable member service , leading to higher member retention rates, it can also generate an important additional source of non-dues revenue. Non-Dues Revenue Potential of Digital Badges for Associations. Value of Digital Badges for Association Members.
In my experience, most large conferences this year are realizing about 80 percent of their 2019 revenue performance. For some of the major annual meetings we’re tracking, sponsorship revenue has been a bright spot when compared to exhibit revenue performance. Pricing methodologies for sponsorship vary greatly.
For most associations, membership dues represent the single largest source of revenue. So, what can your association do to retain, and even grow, membership dues revenue? Some tips: Explain in clear, simple terms how your association makes a difference for your industry or profession. Want more revenuetips?
Virtual event tips. Although written for event platform Hopin users, many of these virtual event tips apply to any platform, for example, developing an attendee video guide and holding screen. Quick hits before we get to the list of this week’s free education: 12 tips that actually help with Zoom fatigue. 1 CMP credit.
Learn tips for asking the right questions, new ways to use the tools, including data analysis, and what could be in store over the next 12 months and beyond. Non-Dues Revenue Remix Many associations rely on traditional revenue streamsannual events, government funding, and member dues. More info/register. More info/register.
Expert Tip: The best learning management systems will also help you increase non-dues revenue by selling some of your online courses or certification materials. You can set prices for courses individually, or base them on membership tier.
Eighty percent of your future revenue will come from 20 percent of your existing customers , according to Gartner. Unfortunately, getting customers to buy more has always been a challenge – that’spart of why only 20 percent of customers will make up the majority of your future revenue. Expert Tip: Be judicious about this.
Virtual conference pricing. The changes made by the American Society for Nutrition to their pricing model are worth noting. The Global Journey: Cultural Tips To Help You Soar. – Revenue Success from Scratch: One Association’s Story. Host: Professionals for Association Revenue. Quick hits. 1 CMP credit.
Within the Path platform you have many different options: Differentiating pricing based on someone’s status within the organization (e.g. The post Tips for Monetizing Your Webinars appeared first on Blue Sky eLearn. Why would someone pay for your webinar? member vs. non-member).
Are you looking for tried and true methods to maximize your association revenue? There are myriad options on how to increase profits, however, leveraging successful strategies at your organization guarantees increased revenue and delivers value to the member experience. . Try out these four proven revenue boosters ?at
72% of organizations dont offer online sponsorships for virtual events, costing non-dues revenue and valuable partner opportunities. Read on for helpful tips on effectively selling and incorporating sponsorships at your continuing education webinars and live event streams. If so, youre not alone! Lead opportunities.
Plus, events are one of the ways that your association can raise non-dues revenue. . Here are 5 tips to help you maximize your impact and make sure your event is the event of the year: Picking the Right Association Management Software. There’s a lot riding on your association’s next event, so how can you get the most out of it? .
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.
Events play a key role in engaging your members, generating revenue, and achieving organizational goals. Want more tips on how to evaluate event tech providers? Start by identifying the specific goals you want to achieve, such as increasing member engagement, driving more revenue from events , or helping members earn CE credits.
They warn, “We are already paying the price in greater risk aversion among writers, artists, and journalists who fear for their livelihoods if they depart from the consensus, or even lack sufficient zeal in agreement.” .* – Contract Strategies for the Evolving Marketplace; Winning Contract Strategies – Tips for Success.
Are you looking for new ideas to increase association revenue? Your association can increase revenue by boosting its efforts in volunteer recruitment and engagement. Read on to learn how to mobilize your event volunteers and help your association increase events revenue to reach its financial goals. . Well, search no further.
Fact: 50% of association revenue is generated from non-dues sources. Check out these 3 things you can do today to increase non-dues revenue using technology you probably already have: JOB POSTING SERVICES. Consider offering this benefit to non-members at a premium price. Streamline Non-Dues Revenue, to get 10 ideas.
Carolyn Shomali of Professionals for Association Revenue explains what associations can learn about audience engagement from the most popular podcasts today. Get actionable tips on how to tackle the challenges and goals of your association to achieve success. Seems like a good place to start. Lessons from the podcast world.
Virtual conference pricing. Quick hits before we get to the list of next week’s free education: 40 one-sentence newsletter tips. Maximizing Revenue through Smart Pricing Strategies. WBT Systems shares the advice of two association execs who launched a certification during the pandemic. Can I get an amen?! Josh Spector ).
When pricing your association’s training offerings, it is important to assess their value, and then price accordingly. Assuming the former, it’s important that you revise and re-set course pricing on a regular basis particularly at the start of a new venture into online learning.
Teri Carden is cooking up a phenomenal-sounding digital experience for anyone interested in increasing their non-dues revenue. Meeting planners can now have translations into many languages for less than the price of hiring even a single human interpreter. Hear about content tips and strategies your organization should execute.
How vital is non-dues revenue for your association? In 1953, more than 95% of revenue for professional associations came from membership dues. Over the last few decades, the biggest driver of non-dues revenue has been technological advancements. For many, it is quite substantial. Coupons and discount codes.
The weekly list of free educational events and resources for the association community… Virtual conference pricing. WBT Systems describes the different factors you need to consider when pricing a virtual conference , and right at the top they say, “Your virtual conference should not be free.”. Virtual conference FOMO.
Quick hits before we get to the list of this week’s free education: Tips for safer Zoom meetings—plus one of the best Zoom gallery views I’ve seen. Learn tips for attending to participants’ personal and emotional well-being during virtual meetings. Hear tips for nurturing client, partner and team relationships in a time of uncertainty.
Meetings Today talked to event planners about revenue diversification, in-person vs. virtual attendee engagement, and managing your mindset. 5 virtual conference pricing strategies. Discover tips and methods to help your speaker make that transition and present with impact online. The future for event planners. Good question.
Many members are struggling financially because they’ve been laid off, had their budget cut, or suffered revenue losses. Association websites compete with for-profits, media, and other associations for eyeballs, mindshare and even revenue. From Virtual Events to Real Revenue. – Top Tips for Choosing a CMS.
Online community platforms helped many associations thrive despite the devastating impact the pandemic had on non-dues revenue streams. The Global Journey: Cultural Tips To Help You Soar. – Revenue Success from Scratch: One Association’s Story. . – Reawakening Online Communities for a Greater Digital Experience.
Dr. Michael Tatonetti of Pricing for Associations suggests guidelines and questions for focus groups that will help you determine the real value of your association’s product. exam preparations, eligibility, exam content outline, study strategies, practice questions, tips, and advice, etc.) More info/register. 1 CAE credit.
For example, an annual event publication could be your biggest print run of the year – and a huge opportunity for revenue growth and boosting member knowledge. Increase non-dues revenue. For example, the Massachusetts Society of CPAs (MSPCA) increased their non-dues revenue by $14,000 when they leveraged community advertising.
The weekly list of free educational events and resources for the association community… Chapter non-dues revenue. The post describes Carrie’s consultative approach to sales, including tips for websites, prospect outreach, relationship building, and feedback gathering. 7-day communications challenge. Tue 9/3 at 12 p.m. 1 CMP credit.
If you manage non-dues revenue programs, you’ve got to understand Unrelated Business Income Tax (UBIT) —or your association will eventually pay the price (taxes plus penalties and interest). Hat tip to Bruce Rosenthal for sharing this on ASAE Collaborate. . More info/register. More info/register. Elliott Co., 1 CAE credit.
Tips for Choosing Your Next AMS. Hear tips to understanding which AMS capabilities are right for your organization, advice on the vendor selection process—key themes and questions to ask, an overview of pricing in the AMS marketplace in 2020, and pros and cons of off-the-shelf solutions vs. flexible, configurable platforms.
Twitter tips. Price Elasticity Uncovered: Insights from Data How often are price increase/decrease decisions based on opinion and fear, hampering an association’s ability to extract maximum value from our products because we’re afraid of customer attrition? . I’m still tweeting. Host: ASAE Tue 2/13 at 12 p.m.
It includes questions about the impact of the pandemic on strategy, pricing, etc. If you’re interested in how much emphasis other organizations will put on areas ranging from blended learning to microlearning to combating downward price pressure, this is data you will find valuable. Raising sponsorship prices. Amen, brother.
TopClass LMS shares lots of tips on increasing the value (and price) of your webinars. Host: Professionals for Association Revenue Thu 11/30 at 11 a.m. – Your contributions will help identify common pitfalls, communication gaps, and processes that challenge the association community. Association webinars. Mentoring programs.
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