INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. Here’s how much it costs. Istock_Credit:anyaberkut. 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
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? MORE
” The post Study Reveals Career Cost of Promoting Diversity, For Some appeared first on Associations Now MORE
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? 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
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., ” That’s a great example of indirect costs. 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
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
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
It’s the latest in a string of reports detailing what investigators say is a failure to rein in costs. But the findings from this latest investigation could draw additional attention to conference costs associated with entertainment and lodging. 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
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
Most people at HighRoad have worked in an association in the past. We know how hard it is to get approval for expenditure. Stakeholders, committees, subcommittees; they all have to sign off on it before you can start moving ahead with your project. Association Management 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
Most people at HighRoad have worked in an association in the past. We know how hard it is to get approval for expenditure. Stakeholders, committees, subcommittees; they all have to sign off on it before you can start moving ahead with your project. Association Management 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
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
That said, what if we told you there was a way to offer your members MORE resources at no extra cost to you? Member resources directly equate to member value. The more resources you can provide, the more valuable a membership with your association or chamber of commerce will be. 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
Falling behind on your tech needs slows down your organizational machine and can cost you plenty. And when an organization screws up its tech, this can create massive long-term problems—costing it as much as 46 percent in revenue over a multiyear period, according to the “Full Value. 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
CWT expects meeting suppliers to raise prices worldwide, resulting in increases in daily attendee costs and overall meeting costs. percent), while daily attendee meeting costs may increase up to 5.5 MORE
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. Tweet. 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
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
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., ” That’s a great example of indirect costs.
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. Tweet.
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?
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. Here’s how much it costs. Istock_Credit:anyaberkut.
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.
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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.
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.
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?
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
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.
MembersClicks
MAY 21, 2019
That said, what if we told you there was a way to offer your members MORE resources at no extra cost to you? Member resources directly equate to member value. The more resources you can provide, the more valuable a membership with your association or chamber of commerce will be.
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.,
Associations Now
OCTOBER 18, 2019
Falling behind on your tech needs slows down your organizational machine and can cost you plenty. And when an organization screws up its tech, this can create massive long-term problems—costing it as much as 46 percent in revenue over a multiyear period, according to the “Full Value.
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?
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?
HighRoad Solution
SEPTEMBER 25, 2019
Most people at HighRoad have worked in an association in the past. We know how hard it is to get approval for expenditure. Stakeholders, committees, subcommittees; they all have to sign off on it before you can start moving ahead with your project. Association Management
HighRoad Solution
SEPTEMBER 25, 2019
Most people at HighRoad have worked in an association in the past. We know how hard it is to get approval for expenditure. Stakeholders, committees, subcommittees; they all have to sign off on it before you can start moving ahead with your project. Association Management
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
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
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
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.
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?
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
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.
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.
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
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.
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.
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
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.
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
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.
Associations Now
AUGUST 2, 2013
CWT expects meeting suppliers to raise prices worldwide, resulting in increases in daily attendee costs and overall meeting costs. percent), while daily attendee meeting costs may increase up to 5.5
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!
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.
Associations Now
MARCH 6, 2014
It’s the latest in a string of reports detailing what investigators say is a failure to rein in costs. But the findings from this latest investigation could draw additional attention to conference costs associated with entertainment and lodging.
Associations Now
JULY 23, 2014
” The post Study Reveals Career Cost of Promoting Diversity, For Some appeared first on Associations Now
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