This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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?
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. However, pricing mistakes can set back your organization’s viability, impacting member satisfaction.
If so, you’ve probably encountered the challenge of how to price those courses. Pricing them too high may deter members from investing. But, pricing them too low will prevent your team from making any meaningful revenue. Pricing Strategy for Training Courses: Subscription vs. One-Time Fee.
Rethinking Event-Based Pricing. One of the most common mistakes I see in pricing eLearning is exclusively applying the old one-time registration model. Before setting pricing, it’s critical to understand your market. Consider these models to price your eLearning right. Embrace Continuous Learning. Understand Your Market.
Having the entire team as members is better for the member organizations, and administering group memberships is easier for the association. So just flipping that equation – dropping the price for individuals and offering them more in the way of benefits – would be counter-productive.
How should I price my event? What you ultimately want is to be able to monetize the event,” said Michael Tatonetti , director of certification and education for the Professional Pricing Society. With that being said, pricing should follow the same concept. . “A The short answer: that’s up to you. . Part 2: Value proposition.
As you research new AMS platforms, consider these four factors to inform an accurate price for your next AMS: 1. There are a ton of factors that go into pricing a home. The same can be said for how the primary investment components influence how you price an AMS.”
How do you price your virtual events? There is a wide variance in how virtual events are priced. If pricing is based on attendance, be sure that pricing is in broad bands of users, so that you do not unnecessarily get saddled with high overage fees. How long has your team been producing virtual events? References?
Form a Data Task Force Climbing the ladder to data-informed success is a team effort, and everyone should have a hand in it. Get everyone involved, create a cross-functional team focused on data innovation. Align the team’s work with organizational goals and consider requesting budget for small proof-of-concept projects.
In other words, a sponsor’s ROI is subjective in nature, making pricing an inexact science. Pricing methodologies for sponsorship vary greatly. If you’re being charged with updating and optimizing the pricing and effectiveness around your conference’s sponsorships, use these five tips to guide you: Leverage competitive intelligence.
When the time comes to introduce new prices at your association, transparency is key. Continue reading to learn how to develop a communication plan and effectively announce pricing changes at your association. . Because association members will bear the brunt of pricing changes, they will need time to adapt to the increase.
It’s time to get more nuanced – focus on what’s bringing the most value to your members and what level of effort (dollars or team resources) it takes to deliver that revenue. Product A’s price point is $1,000 so you only sold 20 units of that product. Plus, your future self/team will thank you.
TopClass LMS shares lots of tips on increasing the value (and price) of your webinars. Your AMS should be the utility player on your membership team. Solve together with other association teams. Your contributions will help identify common pitfalls, communication gaps, and processes that challenge the association community.
Is pricing too low? Set Prices Carefully. Price is often the number one question people have when buying a product or evaluating a sponsorship offer. Set your prices deliberately, based on the perceived value of each package. Offer a range of pricing and commitment choices to give sponsors choices.
To boost employee retention and satisfaction, host employee events like team retreats and team bonding dinners. For instance, lets say youre organizing a team dinner for your employees where youll announce the winner of your Employee of the Month program. Employee events. Recruiting and networking events.
We are extremely excited to welcome David Beckett, Vice President, Business Model & Performance to the Velvet Chainsaw Consulting team! David has over 20 years of experience leading service delivery teams, including for some of our industry’s most innovative events. To me, this is kind of like getting the band back together!
For example, one organization worked with the Nimble AMS team and greatly benefited from a dedicated onboarding phase, that emphasized system familiarization. Implementation teams use risk assessment frameworks to spot potential roadblocks early and develop strategies to avoid them.
Put a price on your content Marcus Sheirdan put it perfectly when he said, “Great content is the best sales tool in the world.” Consider dedicating a team member to monitor industry news and developments and having them report back on items that might prove meaningful to your learners. There’s the rub: great content.
Virtual conference pricing. The changes made by the American Society for Nutrition to their pricing model are worth noting. What Sponsors Want from Your Event and Your Sales Team: Pros and Peers Share. Casey Gale at PCMA Convene writes about two associations that tweaked their plans for a second year of digital events.
Wes Kao shares solid advice for onboarding yourself when you join a new team. 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). New job advice. More info/register. 1 CMP credit.
Protracted Project Timelines An AMS p roject implementation is not a sprint, its a marathon, and a constant predic table pace will ensure your teams stay plugged in to the process and informed of how their staff will leverage the new AMS functionality.
The user support team is accommodating in ensuring our successful implementation of the various parts of the platform.” Price is great, and customer service easy to work with. Source: Capterra ] “It’s a great out-of-the-box solution that does almost everything we need our AMS to do!
But if different groups of members use different benefits in identifiable and trackable ways, yes, tiered pricing is a good way to go. What you do is bundle benefits together in ways that you can support based on member use data, adjust the pricing to be favorable, and market to the right members. And they took us up on it.
How does your pricing work? Event technology pricing models vary from provider to provider, and may be based on the number of users, or the number of events., Some vendors may offer subscription pricing, or charge extra for additional features. What kind of support do you offer, and when is it available?
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.” Revenue and Pricing Strategies for Virtual Events. Teams & Tech: The Secret Sauce for Impactful Virtual Events.
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.
Discover a few straightforward yet powerful strategic processes you can apply right away or implement with your team. You dont need a data science team or new tools to get started. Learn how to raise the energy in your community so your members can get the conversation started. More info/register. Tech Tuesday: MMC+Tech LIVE!
However, it’s important that you understand the parameters of their services, whether they’d be a valuable addition to your team, and how to find the ideal partner for you. This guide will help you decide whether partnering with a consultant is the right move for your association and how to choose the right team member when doing so.
Hear how to define a vibrant community, benchmark community KPIs against your peers and industry standards, connect community engagement to business results to optimize and grow, and evangelize the importance of community and its benefits to your leadership team. More info/register (ASAE members only). Host: ASAE Tue 4/9 at 11 a.m.
Maybe some lower-price items were highly appealing to large groups of donors, but your big-ticket items got little attention, causing your revenue strategy to fall apart. Collaborate with your event planning team to answer these questions: When will the auction happen? Next, recruit a procurement team. Now comes the fun part!
At the most basic level, the number of people using software can affect pricing. Some SaaS platforms base their fees on number of seats, so more employees using the platform means a higher price. More importantly, the size and diversity of your team will affect what you need in terms of usability.
Successful cross-selling provides additional value for clients, and the best cross-sell offers are not only related to the initial solution, but also sold at a lower price point. DropBox’s pricing is a good example. For example, maybe you’ve purchased access for two users, but then your team grows, and you need a third.
View the Webinar Free E-Book Learn about the need for upskilling among real estate finance departments in our free downloadable e-book, "Implementing Digital Upskilling in Real Estate Finance Teams." And that’s very desirable to people right now.”
Meeting planners can now have translations into many languages for less than the price of hiring even a single human interpreter. Learn pricing strategies, risk management tips and how to embrace change for the better. – The Key to Financial Sustainability Is Pricing. Tue 2/9 at 12 p.m. – 1 CMP credit. More info/register.
The Comedy of Team Building: Build Strong Teams Using Lessons from Improv. Performing improv comedy is one of the ultimate team-building experiences. Identify strategic and creative ways to price your education programs. Building an Agile Team to Drive Amazing Customer Experiences. Lunch provided. 1 CAE credit.
If you’re about to embark on implementing a new tool or are struggling with adoption for an existing tool, learn how to develop and accelerate staff adoption of new technologies, make technology implementations successful, and unleash the hidden potential of your teams with effective change management strategies. 1 CAE credit.
By offloading routine tasks to AI, associations can boost productivity and allow their teams to focus on higher-value projects that drive organizational growth. Fear of change : Some teams may resist adopting AI due to concerns over job security or discomfort with new technology.
They start with the benefits of a well-crafted print magazine, just in case you have to make a case to your leadership team. Fri 2/2 at 10 a.m.* – How to Amplify Your Team’s Power with Generative AI Hear about practical, real-world applications of AI to enhance team efficiency and innovation. Generation Z. Paska, Ph.D.,
The exhibitor’s sales team qualifies the leads based on parameters like job title and industry. Luckily, that’s what your team is looking for too. Unfortunately, this can increase the price, which means you might pay extra for features you don’t need. Here’s the moment your exhibitor captures their lead. Qualify the lead.
Simplifying your workflow helps your team focus on making the best event possible. Moreover, make sure that you like the team at the software company that you’ll be working with. Your vendor’s team should be able to troubleshoot technical issues and quickly fix them. We even have a gamification design team!)
Pricing your continuing education courses can be tricky, but important, business. With 2024 quickly approaching, it’s crucial to determine your pricing strategy. We’re here to help you plan your New Year prices. Cost-based pricing Cost-based pricing is straightforward.
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. How to Build a World-Class Remote Team.
I renewed four months late, and my access to benefits had lapsed, and now I’m only getting eight months of benefits, yet I still had to pay full price? What size is your membership team? Why are you sending me renewal notices right away – I haven’t even gotten all your welcome cycle communications yet?
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? . Hear how the speaker’s team developed a price elasticity forecast.
We organize all of the trending information in your field so you don't have to. Join 57,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content