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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.
Similarly, analyzing your event data from many angles can lead to a major impact on revenue. Situation : We’ve looked at the trend analysis and it indicates that we are not projecting to make our registration goal. In our previous blog posts on retention and product value , we illustrated how data isn’t one dimensional.
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.
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.
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.
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. Awards program. Location: Washington DC. . Wed 11/20 at 10 a.m.
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). Lead Marvels helps you make a case for a new revenue stream at your associationsponsored content. AMS selection. Again, are you offering and promoting this aspect of membership?
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.
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. 1 CAE credit.
This category includes accounts payable, accrued expenses, and deferred revenue, which youll record when your nonprofit has received payment but has not yet delivered the associated goods or services. Youll categorize them similarly to assets: Current liabilities. Short-term obligations youll pay within the next year are current liabilities.
In 2025, Congress is likely to consider new tax increases on association revenue, such as membership dues, sponsorships, investment income and educational program revenue. Learn how this initiative liberated teams to channel their energies toward higher-value projects. Luke Burgis [A revealing one to ponder.] Tax reform threat.
Economic Uncertainty Economic growth or slowdowns during an election year can significantly impact project demand, revenueprojections, and financial stability in construction, real estate, and community association management industries.
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.
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.
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. Dues revenue is the lifeblood of most associations and in a blink-of-an-eye the other major revenue centers (like meetings and events) vanished into thin air. The future for event planners.
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. Host: UST Education Speaker: Jay S.
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. Host: Professionals for Association Revenue Wed 9/6 at 11 a.m. –Oprah Winfrey Online programs. 1 CAE credit.
They especially get in the way when you’re leading up a project, so thankfully WBT Systems suggests 11 catalysts for cross-departmental collaboration. Not only can you use digital marketing to grow your revenue but also your brand awareness, event attendance, and open doors to new opportunities. More info/register. Tue 12/10 at 3 p.m.
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.
Many organizations are sitting on reserves that might be better deployed to pursue innovation projects, Younger says, especially at a time when associations are feeling pressed to identify new revenue streams. Among the questions a board and CEO might ask itself is whether its current approach to risk is too conservative.
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.
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.
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?
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. Host: Professionals for Association Revenue Wed 9/27 at 1 p.m. Website RFPs. More info/register.
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.
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.
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. Terry Brown, VP of Project Services, Protech.
They explain how to develop a content strategy, know when it’s time for a redesign, decrease costs and increase revenue. Project Success Is Up to You: Taking Your Project to the Next Level I get it. You have a full-time job, and doing systems projects isn’t it. Print magazines. Generation Z. Host: WorkerBee.TV
Non-dues revenue. If you’re a podcast listener, check out Association RevUP from Professionals for Association Revenue. 2nd Annual Data Analytics Network Data Science Fair (Arlington VA) We are recruiting data nerds to talk about their coolest project. Location: Washington DC. More info/register. to 6:30 p.m. 1 CAE credit.
million in annual revenue with just 21 employees. Cross-functional, project-based teams allowed AIIM to be nimble, leveraging the best skills across the organization without rigid silos. In an era where digital disruption is the norm, not the exception, their story is a powerful reminder: Transformation isnt a one-time project.
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. Presenters: VMAE CEO and AVMA Director of Special Projects, Ralph Johnson. More info/register. Host: DC-Metro Association-Nonprofit Tech Network.
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. Pietranton, Ph.D.,
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.
Revenue and Pricing Strategies for Virtual Events. Learn how to maximize revenue for your digital event, craft compelling offers, price digital events, communicate value to attendees, and create compelling sponsorship packages. Rae Malcham, Senior Technical Project Manager, Hubb. Tue 7/14 at 12 p.m. 1 CMP credit. Host: Hubb.
Impexium describes three crucial principles that most associations and vendors overlook during an AMS implementation —things that will make your project much more difficult. Get a better understanding of when it’s time to build, refresh, or sunset programs to support revenue growth. AMS implementation. Credit card processors.
You just need to respect your chapters’ needs and empower chapter leaders – whether they’re volunteers or paid staff – to take initiative on projects that benefit both your association and chapters’ more localized members. Generate Revenue through Digital Advertising.
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.
Pair his post with this one from Northstar Meetings Group: 17 ideas for incorporating revenue-generating opportunities into your online meetings, conferences and webcasts. Explore strategies for generating revenue through sponsorships, partnership and other sales opportunities through virtual events. 1 CMP credit. Wed 5/6 at 12 p.m.
Information about your team’s project management methods and tools being used – i.e. where to find project task lists or communication threads in Asana, Basecamp, Slack, etc. Some important reports that come to the top of my head include: Revenue reports. Revenue Share Agreements. Non-Disclosure Agreements.
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.
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. Tommy Goodwin (moderator), Project Management Institute.
Too late, and you risk overwhelming your employees and dropping the ball on important projects, including delivering value and engaging your audience. In the beginning, one or two people may be able to manage all these projects, but they will likely become strapped for resources as demand grows. Your Logins Have Plateaued.
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