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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.
The post Modernize These 7 Processes to Increase Member Engagement appeared first on Higher Logic. See if your association could modernize the way you’re doing things in key areas to increase member engagement, save staff time, and earn more revenue. Out with the old and in with the new!
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.
Video conferencing and virtual events have never been more important to business as it is now - especially for associations who need to keep members engaged and revenues high. Once you start thinking creatively, you can use all that content you prepped for your event to keep members engaged and increase revenue.
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.
There are still however many unknowns related to events, and particularly for associations who rely heavily on this non-dues revenue source, there continues to be concern and angst with regards to revenue goals. Perhaps it’s time to consider plan B, C, and D…
When you consider how to save time and increase revenue for your growing association, payment processing might not be the first thing you think […] How the right payment processing tools can save time and increase revenue for your association appeared first on NetForum Association Management Software.
They describe revenue-sharing models and offer tips for ensuring a profitable, equitable and peaceful partnership. Their advice covers the program structure, application/nomination process, judge selection and judging criteria. Hear Glover’s story of success, failure, recovery, and his proven Fail Forward Process. 1 CAE credit.
Impexium explains how to increase your association’s sponsorship revenue with a new relationship-based and expertise-focused approach to corporate partners. She shares three questions to help you declutter your media and other non-dues revenue products before adding anything new. Membership value. Association media. Host: rasa.io
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.
Education revenue. D2L describes the four factors to consider when developing a revenue strategy for your association’s education programs and five models for monetizing those programs. Take away actionable strategies to boost sponsorship revenue and create lasting partnerships. More info/register. . 1 CAE credit. 1 CAE credit.
Their 4-step process for planning and managing an awards program will help you map out a plan for success. Karine Desbant at MCI describes how their client associations are generating new revenue streams and growing membership by repurposing content. Find out which common tools you may already have to help automate some of the process.
Regular pricing reviews will keep your association ahead of competitors, alert you to missing revenue opportunities, and ensure you dont lose relevance with your members. If your associations pricing stays stagnant, you risk losing relevance and revenue. Why are regular pricing reviews essential? Here are four key factors: 1.
Snapsight explains how to use AI tools to turn session content into resources that generate revenue and engagement. Hear from successful salespeople who will share how they leverage this data to prioritize lead follow-up, have more valuable conversations and more effectively convert those prospects into meetings, pipeline and revenue.
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. Illuminating. RFP for an AMS. 1 CAE credit.
In 2025, Congress is likely to consider new tax increases on association revenue, such as membership dues, sponsorships, investment income and educational program revenue. AI is Transforming Processes Here’s How to Get in Front of It Hot Take: Theres a systematic way to change your processes. Tax reform threat.
Learning revenue. 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. Makes sense to me! They also explain how associations have adjusted their business models to monetize learning programs. 1 CAE credit.
Are you looking for strategies to drive revenue to your association? Consider these questions to get to the heart of creating your pricing goals: What are our primary revenue goals? Per transaction, processing fees can cost your organization approximately 2-3%. Some organizations consider surcharges to make up these fees.
While the process can be tedious, compiling nonprofit financial statements allows your organization to evaluate its financial standing and stay accountable to stakeholders. Potential scenarios that would cause lower net assets but not indicate a treacherous financial situation include major projects, seasonality, and high deferred revenue.
Sales operations refers to the unit, role, activities and processes within a sales organization that support, enable, and drive front line sales teams to sell better, faster, and more efficiently. Sales Operations Process. Process and Performance. Optimization and Implementation of Sales Process. What is Sales Operations?
Glownet, the global leader in event technology solutions, is proud to introduce its newest feature, Marketplace, designed to empower event promoters and their vendors by providing unparalleled control over sales and revenue management.
Meetings Today talked to event planners about revenue diversification, in-person vs. virtual attendee engagement, and managing your mindset. We’re in unchartered territories and not only will our budgets look different moving forward, our budgeting processes likely will as well. The future for event planners. Good question. CAE credit.
Ask your questions regarding strategies, best practices, and tactics across the full event marketing funnel (from leads to revenue) and expand your role beyond execution to designing experiences that deliver on business objectives by understanding how event marketing works. See how the process works in action through a case study.
Non-dues revenue. If you’re a podcast listener, check out Association RevUP from Professionals for Association Revenue. Beyond Events: Building a High Value Sponsorship Program Hear about strategies for creating a year-round sponsorship program that replaces one-off event income with revenue gains that you can count on.
Billhighway explains how virtual events can help sponsors and exhibitors achieve their marketing goals —while helping chapters achieve their revenue goals. Learn how to proactively communicate during the event process with leaders and key stakeholders, and leverage technology to centralize information for the entire organization.
For your association’s member businesses, this may mean mastering new emerging technologies in your industry or even hitting specific success metrics within their own internal processes. However, whether increasing non-dues revenue or new member recruitment, it’s just as important that your organization follows through with these goals.
One governance expert shares what that process looks like. Associations have been pressed to respond to a pandemic, inflation, workforce shortages, and a quick-acting White House thats undone a lot of business-as-usual processes. If theres one word that summarizes what association governance requires now, its that.
While we continue to monitor developments , here are some resources on how nonprofits can mitigate potential impacts: Diversifying nonprofit revenue streams Diversifying revenue streamsincluding with government grants so youre not dependent on one unsustainable source is not a new idea but perhaps a more urgent one.
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. Affordable membership. Chapter bright spots.
In todays technology-driven world, associations that fail to modernize risk losing relevance, members, and revenue. Lost Revenue: A lack of engagement impacts renewals, event participation, and other revenue streams. Improved Operational Efficiency: Streamline processes and reallocate resources strategically.
Other important priorities included improving the efficiency of business processes, attracting new members, growing revenue, and improving efficiencies through automation. Begin this scaling process by training your staff and stakeholders on your AMS whenever you can.
I attend a lot of webinars and conferences about non-dues revenue, including Non Dues-A-Palooza. I realized recently that hardly anyone is talking about AMS (association management system) as a revenue generator ; this makes no sense to me! Yes, nearly every association uses their AMS to manage and process dues payments.
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. Hear about ten (or more!) CAE credit. 1 CAE credit.
Summer 24 The Nimble AMS Summer 24 product release offered new advancements for your staff including Nimble Intelligence, to enhance standard reporting capabilities, growing revenue, driving member engagement, and exceeding your goals. The Summer 24 release streamlined crucial processes, saving both your staff and members’ time.
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. Product ideas. He doesn’t think of them as visionary, but some of them are new to me. 1 CAE credit.
They cover the planning process, elements of an RFP, factors to keep in mind when selecting an AMS partner, and advice from technology consultants at Achurch Consulting, DelCor, Effective Database Management, and Ellipsis Partners. . RFP for an AMS. 1 CAE credit. More info/register. 1 CAE credit. 1 CAE credit. More info/register.
Non-dues revenue. Patti Callahan at Association Analytics describes a data-empowered method for thinking outside the traditional non-dues revenue box and shares examples from associations that are leading the way. Mapping the Cookie Crumbs: A Hands-On Approach to Process Mapping Learn about the fundamentals of process mapping.
Competing against niche professional organizations, membership and conference revenue has “slowed to a trickle.” Expert Series: Be the Association Hero: Increasing 2024 Non-Dues Revenue Hear about key strategies that will help you drive more non-dues revenue and build a true career growth destination for your members in 2024 and beyond.
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.
Through a flexible planning process, Associations energize their Boards to do big things : Focus and unite on data. Once the process is complete, Associations regularly: Report to members on alignment with the metrics and KPIs that help them overcome uncertainty and succeed. Grew annual revenue from $300,000 to $12 million.
. – Top Trends to Increase Non-Dues Revenue and Membership Dues in 2021. Learn the current trends to retain your existing membership dues and examples of how associations are effectively increasing non-dues revenue in 2020. Driving Revenue with Contextual Engagement and Marketing. More info/register. Host: HighRoad Solutions.
The Round 1 application process for the 2024 Mighty Big Grant is open through April 30 and takes no more than 5 minutes to complete. Carolyn Shomali of Professionals for Association Revenue explains what associations can learn about audience engagement from the most popular podcasts today. AI vs human interactions. Blue ocean strategy.
Events play a key role in engaging your members, generating revenue, and achieving organizational goals. By asking event tech vendors the right questions, you can confidently navigate the process and make an informed decision. Events offer a valuable opportunity to drive non-dues revenue for your association. Get the Guide 1.
Associations usually rely on corporate marketing budgets for sponsorship revenue. Learn about the types of technology needed for associations looking to retain, engage or grow membership and revenue programming. Hear how you can use partnerships in three strategic ways beyond events to grow revenues, while better serving your members.
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