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Cost Related Topics 
Velvet Chainsaw
MARCH 15, 2021
It is becoming evident that the additional cost of in-person safety protocols will be primarily the responsibility of the event organizer. Between diminished revenue, additional costs for in-person events and platform/content capture expense, the pressure on event leaders is significant.
GrowthZone
MAY 31, 2022
There are different strategic models when it comes to attracting new customers, and while some may cost you money, it is money well spent. Your member acquisition cost is the total monetary cost associated with recruiting a new member. Member Acquisition Cost= $385.
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PROPEL
NOVEMBER 27, 2021
The range of coaching costs is huge, mostly because the definition of “coaching” varies a lot. As I explained in this post, there are different types of coaching.
Moery Company
MAY 14, 2019
Can the person in charge of member recruitment tell you how much it costs to join your association? And, not knowing the “cost of membership” puts folks selling association membership at a major disadvantage. The cost is based on your dues revenue and it often seems these figures are generated in a secretly disclosed location – plugged it into some kind of formula and kicked back out to you. Here’s how much it costs. Istock_Credit:anyaberkut.
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Does the thought of having to calculate retention, churn, or the cost of acquiring a new member make your head hurt? If so, this cheatsheet is a lifesaver.
Aptify
APRIL 26, 2022
What are the costs you can’t avoid when implementing a new membership management software? Here are 4 unavoidable costs of member management software implementation. In addition, some systems offer different license types that cost different amounts.
GrowthZone
APRIL 16, 2019
Indirect costs are costs that are not directly accountable to something (e.g., In a recent blog post, Wes Trochlil of Effective Database Management addressed direct costs vs. indirect costs regarding association management software. The direct costs are clear—the amount spent on the software itself. The indirect costs, however, can quickly add up. His client’s experience is the very definition of indirect costs. Tweet.
AssociationTrends
JANUARY 21, 2022
You know your data is bad, but do you know how much it is REALLY costing you? Download this whitepaper and learn how to: Calculate how much dirty data is currently costing your association, and how much it will continue costing as time passes without clean-up.
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 million apps in the Google Play store and close to 2 million in the Apple App Store. Association Conference Management Mobile Strategy Event App
Higher Logic
DECEMBER 14, 2021
The post “No Decision” is Still a Decision – What Does it Cost You? Could it be costing you more than you realize? The post “No Decision” is Still a Decision – What Does it Cost You? appeared first on Higher Logic. Have you put off a decision lately?
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The need for online learning is greater than ever having the right LMS is absolutely crucial. Quickly, easily, and cost-effectively decide which Learning Management System is right for you with this 12-step guide from LMS implementation experts.
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Nimble AMS
FEBRUARY 2, 2022
But as if the pain and cost of major upgrades weren’t enough to make you cringe, what do you do when your AMS vendor tells you that you must move to their latest product version by a particular deadline? . How much will it cost? .
Ungrated
SEPTEMBER 2, 2021
Many community associations conduct regular reserve studies or use other means of projecting the cost of long-term maintenance and repair. The post Costly concerns: Addressing long-term maintenance and repair appeared first on Ungated: Community Associations Institute Blog.
ePly
FEBRUARY 3, 2021
But, a potential attendee asking a tight-fisted manager to release funds without clearly outlining the costs and benefits will get questioned very quickly – so help get your audience to your event by providing an attendance justification letter template.
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?
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If you want to know how to get ahead of the game and avoid the common mishaps in selling your eLearning courses, you’ve come to the right place! Lambda Solutions has identified the most common and costly challenges faced by eLearning providers today.
Association Adviser
JANUARY 29, 2020
The post The Cost of Innovation: Champagne Tastes But a Beer Pocketbook? Innovation's necessary to advance your association, but it can be expensive. Here are options for achieving champagne-level success with a beer pocketbook.
Effective Database
APRIL 11, 2019
When considering the costs of your current data management system(s), you need to consider both direct costs (how much you pay to actually use the software) and indirect costs (e.g., In many cases, indirect costs far outweigh the direct costs of software, but are often unseen or ignored. ” That’s a great example of indirect costs. That “cheap” or free software might have much higher indirect costs than you realize
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. 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. However, before we jump into customization and coding costs it’s important to review the other factors will have a large influence on your event app’s price.
HighRoad Solution
FEBRUARY 16, 2021
Thanks to the hit Netflix series, “Tidying Up,” people across the world have been “Marie-Kondo-ing” their homes and offices in order to start fresh.
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When searching for a new AMS, be sure to account for possible hidden fees and additional charges that can turn into an expensive mistake. Download the worksheet to help you uncover, calculate and compare the true total cost of ownership of your next AMS. Download now!
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. And reducing support cost is a top three reason 30 percent of companies start a community, according to the in CMX and Leader Networks Keys to Community Readiness and Growth study. Do you want to make customer support fun for your customers? And save money for your company?
Wild Apricot
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
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. 2006, two research undertakings by Mariner and Whorton and by the ASAE. Component Section Council sought to answer the question “are chapters. worth the effort – do they have a defensible ROI?” 10 years and a much different.
Ungrated
FEBRUARY 25, 2021
Higher operating expenses and unanticipated costs due to the ongoing global crisis pose challenges to association budget projections, reserves planning, and maintenance requirements. How is your community managing costs stemming from the COVID-19 pandemic? By Karen Martinez.
GrowthZone
APRIL 23, 2019
The post 10 Ways E-Billing Increases Efficiency and Lowers Costs appeared first on GrowthZone. Tweet How much time (and money!) does your association staff still spend on tedious billing, payment processing, and manual accounting tasks? Electronic billing enables staff to streamline their day-to-day tasks, increasing efficiency. ADVANTAGES OF ELECTRONIC BILLING. For Associations: SAVES TIME & MONEY. No need to mail invoices, process individual payments, and cash checks. RETENTION.
Membersuite
NOVEMBER 11, 2019
And customized software, no matter its label, has costs. Read the post to learn 7 hidden costs of a pseudo-SaaS AMS A pseudo-SaaS AMS requires developers to "branch off" the core code to create a customized version for you. Guess who pays for that?
ReviewAMS
JUNE 2, 2020
Guest post by Sigmund VanDamme, Membership Software Evangelist, Community Brands When you consider moving to a new association management software (AMS) system for the first time, or changing the one you have, one of the first questions you’re likely to ask is, “How much does it cost?”.
ReviewAMS
MAY 15, 2020
Guest post by Sigmund VanDamme, Membership Software Evangelist, Community Brands What is the true cost of purchasing, owning, and maintaining an association management software (AMS) system?
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. Help your board, volunteers, and staff understand that the high-cost solutions do not always yield a better return. Sometimes the thoughtfully implemented low-cost or free solution works perfectly well too!
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. The challenge, though, is that a talented speaker is a key to increasing attendance and engaging members. Get more tips to engage members with our on-demand webinar: Engaging the Disengaged Member with Shari Pash.
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.
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 The post The Hidden Costs of Inefficiency appeared first on Associations Now
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?
Nimble AMS
JULY 28, 2020
Determining how much your next association management software (AMS) system will cost you can be a tricky thing. Many of the costs are predictable if you know what to look for. It’s important to be wary of any AMS vendor offering a lower than average software or per-user cost.
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. The report found that business travelers in cost-conscious programs took 22 percent fewer effective trips than their counterparts and were 13 percent more likely to be interested in a new job.
Wild Apricot
JUNE 20, 2012
For non-profits new to social media, guest blogger, Brad Aronson offers 22 social media opportunities to consider. social media
Wild Apricot
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
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. You spend time and money on: Paper (invoices & envelopes). Bank slips, receipts, and deposit notes. Ink cartridges. Printers, postage machines, copiers (plus power and maintenance).
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