INDUSTRY INSIGHTS YOUR PEERS ARE READING
For non-profits new to social media, guest blogger, Brad Aronson offers 22 social media opportunities to consider. social media MORE
These three things not only cause a lot of stress and can lead to burnout, but also end up costing a lot of money in wasted time and lost productivity. This infographic offers a great summary and breaks it down in dollars how much these time wasters cost us. MORE
How continuous delivery in association software can help offset costly upgrades and risk. Old school software forces customers to wait for big, costly upgrades that are filled with risk. Wouldn’t you prefer software with lower costs, less risk, higher quality and the latest in technology that’s delivered to you automatically throughout the year? Old school software forces customers to wait for big, costly upgrades that are filled with risk. . MORE
Each of those apps cost quite a bit of money, although how much money ranges from several thousand dollars to several million. If you’re considering creating a mobile app for your members, you’re not alone. There are roughly 2.2 MORE
At its most basic level: Revenue per member – Expenses per member = Cost to serve a member Simple, right? "If If membership is $100 a year, and it costs us $60 a year to mail each member our journal, that's our cost to serve, and we bring in $40 a year in revenue per member. What does it cost to recruit and retain each member? What do all services actually cost to provide, in both direct and indirect costs? (Oh Staff costs!) And why does it matter? MORE
She knew that a dues-based organization had to have cost-efficient systems in place in order to provide members with valuable programs and services. Laurie identified costly inefficiencies at the association, including separate systems for managing programs, accounting, and member data. MORE
The campaign was costing them roughly $17 to acquire a new lead – which in this space was considered fairly good. Here’s how it looked: At a cost per lead of $19.07…that The end result was that we reduced their cost per lead from $17.62 Cost per lead. MORE
The post 5 Ways to Find Low-Cost Association Conference Speakers appeared first on GrowthZone. When it comes to finding a conference speaker, associations work with a limited (if any) budget. MORE
Are all those boring, disorganized office meetings costing your association a whole lot of money? The post Report: Pointless Workplace Meetings Costly, Time-Consuming appeared first on Associations Now MORE
As we all know, a sunk cost is a cost that has already been incurred and cannot be recovered. A good example of a sunk cost is the purchase of a new AMS to replace an old system. The cost is sunk. The sunk cost fallacy is the belief that once the money is spent, there is no going back; one must continue down the road you’re on, because after all, if you change directions now, all that money would be wasted. But sunk costs are just that; sunk. MORE
The simple fact is, credit card fees are a cost of doing business. So either you can raise your prices by 3% to 5% to cover the costs, or you can just “eat” the expense as one more bit of overhead. Over the years, and even recently, I’ve had clients tell me they want to discourage their members and customers from paying with a credit card, because of the transaction fees (typically between 3% and 5%). MORE
Free or low-cost solutions are not always bad. At the same time, high-cost solutions are not always good. In some cases, low-cost solutions work just as well as high-cost solutions, and this is good news for cash-strapped associations. MORE
5 Ways User Groups Cut Customer Service Costs and Increase Satisfaction. User groups help your business save money by providing cost-effective self-service tools and better customer support overall. These costs are well worth the investment. MORE
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? ”. There’s not a lot of information out there about this; I’m sure you’ve noticed that most vendors will want to set up a call with you before they give you any substantial information. The main reason for this is that the answer isn’t cut and dry. It depends. Association Management MORE
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? And that’s why the answer to the bottom line question, “ How much does an AMS cost? ,” isn’t necessarily a simple one. The Costs Outside the Price. The same applies to implementation costs and in-house project management. MORE
The report, based on a survey of more than 750 business travelers, makes the case that programs focused on cost over the employee’s productivity and comfort level make the business trips less effective overall. MORE
The post Delivering Super Low-Cost Exceptional Member Experiences appeared first on Smooth The Path. In many situations, customers have very low expectations. It is amazing how many businesses don’t think about customer service. MORE
As an association professional, you understand the importance of volunteers. They’re the ones that help your association function. They help out with events, administrative tasks, strategy on occasion - the list goes on and on. Simply put, they do a lot - and they deserve to be thanked! MORE
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? ”. MORE
Can you manage meeting costs and deliver big on a small budget? Often, your venue contacts will have budget-friendly ideas, having worked with countless other groups also trying to cut costs. Also, determine which cost-saving measures will be felt by the attendee (e.g., MORE
If you're not growing your membership or generating the kind of revenue you want, your website could be a major culprit. In fact, most membership organizations suffer from at least one major website problem. The good news is, fixing these website issues is probably a lot easier than you might think. design website builder Abourahma Lamees MORE
Sunk Costs, Marginal Costs and Economics. Two of these are cost related. Here are some basic definitions from The Economist website : Sunk Costs - When what is done cannot be undone. Sunk costs are costs that have been incurred and cannot be reversed, for example, spending on ADVERTISING or researching a product idea. If potential entrants would have to incur similar costs, which would not be recoverable if the entry failed, they may be scared off. MORE
When you’re losing a nickel here or a dime there, it doesn’t seem like a lot … until you do the math and realize it’s costing you a pretty penny. If you spend $20 on a new card, for example, the cost breaks down like so: $19 goes on your card. At a cost of $2.50 MORE
One of the questions that I am frequently asked is how to calculate membership servicing costs. Here is a real life story on how NOT to calculate the cost to serve a member. He took the entire budget for his organization and divided it by the number of members and determined that the cost to service a member who annually paid $79 in dues was $300 ($3,000,000/10,000 members). So what is the best way to determine the cost to serve a member? MORE
Will higher costs slow down business travelers? The post Study: Business Travel and Its Costs Are on the Rise appeared first on Associations Now Forecasts from a New York University professor predict record increases in both room rates and hotel real estate. MORE
At first glance, open source LMS may seem to have certain advantages over a commercial, purpose-built association LMS – no upfront licensing costs, full control over how the system can be customized, etc. Hidden Costs of an Open Source LMS. MORE
Centered on the topic “ Understanding Meetings Cost in the New Reality ,” we’re combining thought-provoking industry experts and compelling subject matter with our progressive hybrid event model. 3:00pm ET – Understanding Meetings Cost in the New Reality. MORE
Cost of handling NSF checks. The post The Hidden Monetary and Environmental Cost of Invoicing appeared first on GrowthZone. The ugly truth about traditional billing and payment processing is, well, ugly. Invoices sent via mail require more resources than you may realize. MORE
You know exactly why we care about this topic, right? See this infographic from our friends at Good.Co. Figure out how to engage your employees. Buy our book. Or better yet, hire us. ———— ( photo credit ). Cool Infographic Friday Culture That Works MORE
After “ how long will it take ” the other question we most often hear is “how much does a website design project cost?” Well, the short answer is. it depends. Just like building a new house, you can design and build a townhouse, a ranch-style rambler… or a McMansion. MORE
Other notable highlights include an increased interest in social media, which DCI says is finally matching broader consumer trends, and continuing concerns about keeping costs down. The post Survey: Security, Cost Remain Pressure Points for Event Planners appeared first on Associations Now MORE
It may be that the nonprofit world obsesses too much about overhead costs as a measure of success, but DVNF was disastrously mismanaged no matter how you look at it. The post The Cost of a Neglectful Board appeared first on Associations Now MORE
30, 2011 - The High Cost of Governance. Seldom is thought given to the cost of administering policies and programs (or refinements, if you will). ” But nobody has ever replied with a specific dollar figure, cost per member, or ratio of program expenditures to total budget. MORE
Here are some ideas for low-cost event publicity - as requested in our blog reader survey. By focusing on media relations, event calendars, your website, email and social media, even organizations with limited resources can promote events with little or no cost.( read more ). Associations event management event registration events membership nonprofit non-profit nptech public relations publicity MORE
The recently published report from the National Governors Association reaffirms what has been shown [in] research and in practice: When pharmacists are included on the healthcare team, outcomes improve and costs go down,” said NASPA Director of Policy and State Relations Krystalyn K. MORE
Each of those apps cost quite a bit of money, although how much money ranges from several thousand dollars to several million. 4 Factors that Affect the Cost of Your Mobile Event App. Each method includes a different amount of customization and coding, which affects development cost. MORE
But one area communities are particularly effective in is reducing customer support costs -- Gartner found that communities reduce support costs for companies by 50 percent. Do you want to make customer support fun for your customers? And save money for your company? MORE
Try keeping morale up with these free or low-cost ideas: Free coffee is the norm for offices these days. Get even more low-cost (and no cost) proven ideas. The post Low-Cost (& Free) Ways to Improve Staff Morale appeared first on GrowthZone. MORE
For instance, if a cyberattack occurred, there would be costs associated with conducting a cybercrime investigation, making improvements to cybersecurity systems, and paying attorneys. But some costs might be under an association’s radar, and these could be even more monetarily devastating. MORE
Cost Related Topics Socious
DECEMBER 1, 2016
Each of those apps cost quite a bit of money, although how much money ranges from several thousand dollars to several million. If you’re considering creating a mobile app for your members, you’re not alone. There are roughly 2.2
Higher Logic
MARCH 22, 2016
But one area communities are particularly effective in is reducing customer support costs -- Gartner found that communities reduce support costs for companies by 50 percent. Do you want to make customer support fun for your customers? And save money for your company?
Mariner
JANUARY 26, 2016
cost of chapter support?”, easily identify the costs (financial and otherwise), but struggle to. Nearly half of all associations. have components – a catch-all phrase for chapters, special interest. groups and the like – according ASAE’s last benchmarking study.
The Nimble AMS Blog
JANUARY 14, 2019
How continuous delivery in association software can help offset costly upgrades and risk. Old school software forces customers to wait for big, costly upgrades that are filled with risk. Wouldn’t you prefer software with lower costs, less risk, higher quality and the latest in technology that’s delivered to you automatically throughout the year? Old school software forces customers to wait for big, costly upgrades that are filled with risk. .
Membership Marketing
FEBRUARY 7, 2018
One of the questions that I am frequently asked is how to calculate membership servicing costs. Here is a real life story on how NOT to calculate the cost to serve a member. He took the entire budget for his organization and divided it by the number of members and determined that the cost to service a member who annually paid $79 in dues was $300 ($3,000,000/10,000 members). So what is the best way to determine the cost to serve a member?
Associations Now
FEBRUARY 4, 2019
Are all those boring, disorganized office meetings costing your association a whole lot of money? The post Report: Pointless Workplace Meetings Costly, Time-Consuming appeared first on Associations Now
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Vanguard Tech
JANUARY 19, 2016
After “ how long will it take ” the other question we most often hear is “how much does a website design project cost?” Well, the short answer is. it depends. Just like building a new house, you can design and build a townhouse, a ranch-style rambler… or a McMansion.
Smooth The Path
MAY 8, 2018
Free or low-cost solutions are not always bad. At the same time, high-cost solutions are not always good. In some cases, low-cost solutions work just as well as high-cost solutions, and this is good news for cash-strapped associations.
Thanks For Playing
NOVEMBER 20, 2012
At its most basic level: Revenue per member – Expenses per member = Cost to serve a member Simple, right? "If If membership is $100 a year, and it costs us $60 a year to mail each member our journal, that's our cost to serve, and we bring in $40 a year in revenue per member. What does it cost to recruit and retain each member? What do all services actually cost to provide, in both direct and indirect costs? (Oh Staff costs!) And why does it matter?
Associations Now
MAY 31, 2017
The report, based on a survey of more than 750 business travelers, makes the case that programs focused on cost over the employee’s productivity and comfort level make the business trips less effective overall.
Effective Database
APRIL 22, 2016
As we all know, a sunk cost is a cost that has already been incurred and cannot be recovered. A good example of a sunk cost is the purchase of a new AMS to replace an old system. The cost is sunk. The sunk cost fallacy is the belief that once the money is spent, there is no going back; one must continue down the road you’re on, because after all, if you change directions now, all that money would be wasted. But sunk costs are just that; sunk.
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Beth Kanter's Blog
SEPTEMBER 5, 2018
These three things not only cause a lot of stress and can lead to burnout, but also end up costing a lot of money in wasted time and lost productivity. This infographic offers a great summary and breaks it down in dollars how much these time wasters cost us.
Associations Now
MARCH 31, 2015
When you’re losing a nickel here or a dime there, it doesn’t seem like a lot … until you do the math and realize it’s costing you a pretty penny. If you spend $20 on a new card, for example, the cost breaks down like so: $19 goes on your card. At a cost of $2.50
GrowthZone
OCTOBER 30, 2017
The post 5 Ways to Find Low-Cost Association Conference Speakers appeared first on GrowthZone. When it comes to finding a conference speaker, associations work with a limited (if any) budget.
Higher Logic
AUGUST 17, 2017
5 Ways User Groups Cut Customer Service Costs and Increase Satisfaction. User groups help your business save money by providing cost-effective self-service tools and better customer support overall. These costs are well worth the investment.
GrowthZone
MARCH 6, 2018
Cost of handling NSF checks. The post The Hidden Monetary and Environmental Cost of Invoicing appeared first on GrowthZone. The ugly truth about traditional billing and payment processing is, well, ugly. Invoices sent via mail require more resources than you may realize.
GrowthZone
MARCH 29, 2018
She knew that a dues-based organization had to have cost-efficient systems in place in order to provide members with valuable programs and services. Laurie identified costly inefficiencies at the association, including separate systems for managing programs, accounting, and member data.
Aptify
DECEMBER 8, 2017
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? ”. There’s not a lot of information out there about this; I’m sure you’ve noticed that most vendors will want to set up a call with you before they give you any substantial information. The main reason for this is that the answer isn’t cut and dry. It depends. Association Management
Associations Now
OCTOBER 2, 2015
Can you manage meeting costs and deliver big on a small budget? Often, your venue contacts will have budget-friendly ideas, having worked with countless other groups also trying to cut costs. Also, determine which cost-saving measures will be felt by the attendee (e.g.,
Smooth The Path
MARCH 19, 2017
The post Delivering Super Low-Cost Exceptional Member Experiences appeared first on Smooth The Path. In many situations, customers have very low expectations. It is amazing how many businesses don’t think about customer service.
Associations Now
OCTOBER 2, 2018
Other notable highlights include an increased interest in social media, which DCI says is finally matching broader consumer trends, and continuing concerns about keeping costs down. The post Survey: Security, Cost Remain Pressure Points for Event Planners appeared first on Associations Now
MembersClicks
MARCH 23, 2017
As an association professional, you understand the importance of volunteers. They’re the ones that help your association function. They help out with events, administrative tasks, strategy on occasion - the list goes on and on. Simply put, they do a lot - and they deserve to be thanked!
SocialFish
APRIL 3, 2015
You know exactly why we care about this topic, right? See this infographic from our friends at Good.Co. Figure out how to engage your employees. Buy our book. Or better yet, hire us. ———— ( photo credit ). Cool Infographic Friday Culture That Works
Wild Apricot Blog
MAY 4, 2011
Here are some ideas for low-cost event publicity - as requested in our blog reader survey. By focusing on media relations, event calendars, your website, email and social media, even organizations with limited resources can promote events with little or no cost.( read more ). Associations event management event registration events membership nonprofit non-profit nptech public relations publicity
SCD Group
JULY 26, 2016
A Wall Street Journal story (7/23/16) about hidden fees inflating home price s got me to thinking about the hidden fees in the cost members pay to participate in your event. that scale up your costs.
WBT Systems
MARCH 7, 2017
At first glance, open source LMS may seem to have certain advantages over a commercial, purpose-built association LMS – no upfront licensing costs, full control over how the system can be customized, etc. Hidden Costs of an Open Source LMS.
Aptify
DECEMBER 8, 2017
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? ”.
Associations Now
JUNE 23, 2016
For instance, if a cyberattack occurred, there would be costs associated with conducting a cybercrime investigation, making improvements to cybersecurity systems, and paying attorneys. But some costs might be under an association’s radar, and these could be even more monetarily devastating.
BlogClump
FEBRUARY 3, 2011
Sunk Costs, Marginal Costs and Economics. Two of these are cost related. Here are some basic definitions from The Economist website : Sunk Costs - When what is done cannot be undone. Sunk costs are costs that have been incurred and cannot be reversed, for example, spending on ADVERTISING or researching a product idea. If potential entrants would have to incur similar costs, which would not be recoverable if the entry failed, they may be scared off.
Associations Now
JULY 7, 2014
It may be that the nonprofit world obsesses too much about overhead costs as a measure of success, but DVNF was disastrously mismanaged no matter how you look at it. The post The Cost of a Neglectful Board appeared first on Associations Now
Off Stage
JANUARY 30, 2011
30, 2011 - The High Cost of Governance. Seldom is thought given to the cost of administering policies and programs (or refinements, if you will). ” But nobody has ever replied with a specific dollar figure, cost per member, or ratio of program expenditures to total budget.
Associations Now
OCTOBER 6, 2015
Will higher costs slow down business travelers? The post Study: Business Travel and Its Costs Are on the Rise appeared first on Associations Now Forecasts from a New York University professor predict record increases in both room rates and hotel real estate.
GrowthZone
JULY 4, 2017
Try keeping morale up with these free or low-cost ideas: Free coffee is the norm for offices these days. Get even more low-cost (and no cost) proven ideas. The post Low-Cost (& Free) Ways to Improve Staff Morale appeared first on GrowthZone.
Wild Apricot Blog
JULY 20, 2016
If you're not growing your membership or generating the kind of revenue you want, your website could be a major culprit. In fact, most membership organizations suffer from at least one major website problem. The good news is, fixing these website issues is probably a lot easier than you might think. design website builder Abourahma Lamees
SocialFish
MARCH 19, 2015
The campaign was costing them roughly $17 to acquire a new lead – which in this space was considered fairly good. Here’s how it looked: At a cost per lead of $19.07…that The end result was that we reduced their cost per lead from $17.62 Cost per lead.
Associations Now
JANUARY 20, 2015
The recently published report from the National Governors Association reaffirms what has been shown [in] research and in practice: When pharmacists are included on the healthcare team, outcomes improve and costs go down,” said NASPA Director of Policy and State Relations Krystalyn K.
Wild Apricot Blog
JUNE 20, 2012
For non-profits new to social media, guest blogger, Brad Aronson offers 22 social media opportunities to consider. social media
SocialFish
MAY 11, 2012
Centered on the topic “ Understanding Meetings Cost in the New Reality ,” we’re combining thought-provoking industry experts and compelling subject matter with our progressive hybrid event model. 3:00pm ET – Understanding Meetings Cost in the New Reality.
Aptify
DECEMBER 7, 2017
If your organization is in the market for a new Association Management System (AMS), or if you’re comparing different membership software systems, the first question you’re asking is, “ How much does it cost? And that’s why the answer to the bottom line question, “ How much does an AMS cost? ,” isn’t necessarily a simple one. The Costs Outside the Price. The same applies to implementation costs and in-house project management.
Effective Database
DECEMBER 2, 2016
The simple fact is, credit card fees are a cost of doing business. So either you can raise your prices by 3% to 5% to cover the costs, or you can just “eat” the expense as one more bit of overhead. Over the years, and even recently, I’ve had clients tell me they want to discourage their members and customers from paying with a credit card, because of the transaction fees (typically between 3% and 5%).
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