Velvet Chainsaw

MARCH 15, 2021

Our clients and leading industry associations (for example, PCMA’s latest glimpse or our industry’s future, the business recovery dashboard ) are turning their attention to future hybrid and face-to-face (f2f) events. Will associations embrace asynchronous events to help manage the revenue, spend and work load? Bottom Line.

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Cost Revenue Team Innovation 106

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. To keep your association’s efforts on the right track and make the most of recruitment spending, track how much it costs to secure new members by calculating your member acquisition cost (MAC).

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Cost Recruiting Recruitment Social Media 78

NXUnite

MARCH 19, 2024

Your team likely plans and launches multiple fundraisers throughout each year to bring in enough revenue to fund the various initiatives associated with furthering your mission. Let’s break down the two sides of an operating budget—revenue and expenses—in more detail.

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Tips Handbook Revenue Guidelines 130

ISAE

SEPTEMBER 14, 2023

Growing Your Association’s Non-Dues Revenue: The Basics The idea that all or most of your association’s revenue should come from membership dues is an outdated, inaccurate assumption. According to ASAE, dues made up only 30% of total revenue for professional associations in 2016, a steep drop from 95.7%

Revenue 52

Revenue Learning Management System Course eBook 52

Freestone

DECEMBER 12, 2023

Are you looking for strategies to increase non-dues revenue? Leveraging your learning management system (LMS) to generate non-dues revenue is the perfect way to prioritize your goals throughout the year. Read our blog for 13 tips to utilize your LMS and drive non-dues revenue. You’re not alone!

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Learning Management System LMS Revenue System 82

MemberClicks

SEPTEMBER 29, 2022

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.

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Revenue Tips Certificate Social Media 98

MemberClicks

JULY 20, 2023

The backbone of your association’s revenue is traditionally based on membership dues. The need to develop revenue options beyond that core model is increasing and associations are looking for new ways to build non-dues revenue. That’s revenue outside of your membership dues. Your members will also be happier!

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Revenue How To Conference Maine 52

NXUnite

MARCH 25, 2024

Revenue , which consists of any funding your organization receives through its various income sources. For example, money spent on donor recognition efforts may be lumped in with fundraising expenses or given its own category. Liabilities , which include everything your nonprofit owes. Fill in the account information.

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Revenue Directory Examples System 130

Association Analytics

APRIL 4, 2022

For example, you may have wanted to ask questions like: “What if we hosted our event for free?”. Tip #3: Find new revenue opportunities. You can still generate revenue but the audience doesn’t pay to attend. For example, because the virtual events were free you probably had a higher attendee count than at your in-person events.

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Cost Revenue Tips Content 321

MemberClicks

DECEMBER 14, 2023

Exclusive content and experiences are an important part of your organization’s offerings, as well as an effective way to generate non-dues revenue. They need to be approached like a business with a revenue model, marketing plan, goals and metrics for success, and the right tools. Examples include Indeed , Monster , and Linkedin.

Revenue 52

Revenue How To Software Press Release 52

Leading Learning

MAY 19, 2022

While the cumulative costs of them makes me second-guess whether the trend in entertainment is a clear winner for consumers, there is one type of subscription I have no reservations about: learning subscriptions. So is non-dues revenue. Was that cumulative cost too high? image by imageproject from Pixabay. I was wrong.

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Revenue Price Course Content 97

AssociationChat

MARCH 29, 2021

Take, for example, the story of one prominent standards body that tired of their AMS and decided to swap it out for a newer, shinier one. So they wrote off the sunk cost and invested their remaining budget in making their unique standards content more widely available to their members and beyond, bolstering ecommerce sales in the process.

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Revenue Colorado System Certificate 83

Higher Logic

DECEMBER 20, 2018

In my household, for example, we’re more likely to buy add-ons like Audible and Amazon music because we know the same level of convenience we get with our Prime membership will exist. The software business model is another example with (historically) limited competition – until now. How does each one of these drive more revenue?

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Software Revenue Communications Team 159

Association Success

SEPTEMBER 5, 2019

When it comes to non-dues sources of revenue, not all are worth the time, energy and effort. Organization leaders need to understand the total value of the revenue source, which means more than the return on investment; it also means looking at how much mission impact is perceived to be achieved by board members, staff, and members. .

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Revenue How To Michigan Directory 99

Achieve

MAY 7, 2024

Diversified sources of revenue offer financial stability and flexibility, but their various nuances can become complicated to properly record. Diversified revenue streams are necessary for financial fortitude, but categorizing them properly in your nonprofit’s books is equally crucial for effective financial management.

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Organization How To Revenue Tennessee 52

NXUnite

NOVEMBER 21, 2023

These resources provide nonprofit professionals, such as yourself, with a lower-cost way to develop their skills and grow professionally. For example, an all-text blog post describing how to apply for Google grants might be difficult to parse. Cost-effective. That’s where educational resources come in. Unstructured content.

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Resources Education Cost Conference 130

Reid All About it

APRIL 5, 2024

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.

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Revenue Price Denver Tools 256

Forj

APRIL 22, 2021

Are you creating new eLearning courses to provide value to members and bring in revenue for your association’s learning business? But, pricing them too low will prevent your team from making any meaningful revenue. Creation Costs: What is the cost of online course development? Where is the middle ground? Developers.

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Price Course LMS Discount 172

Association Adviser

OCTOBER 15, 2018

Most of us know that membership software is designed to make association processes easier and more automated, but did you know that your AMS could earn your association essential non-dues revenue? Let’s take a look at some of the options for turning your existing database and website into a finely-tuned engine for driving revenue.

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Revenue Directory Software Price 65

NXUnite

OCTOBER 6, 2023

Tip 2: Incorporate Revenue-Boost Elements Think about how you’ll generate revenue from your event. Participant registration fees, spectator tickets, sponsorships, and donation appeals are common, base revenue sources, but you’ll want to think broader and find other ways to boost fundraising. Make a list of event costs.

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Tips Revenue Cost Software 130

Velvet Chainsaw

OCTOBER 26, 2023

The bad news is that full year performance for 2023 participation and revenues is expected to be 9.5% For most business event professionals, rebuilding attendance and overall revenue is priority one. Competing Priorities The CEIR index gives us a good view of top-line performance – participation and revenue. below 2019.

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Revenue Cost Innovation Price 106

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. But in all seriousness, when an organization assigns too much cost to serving a member, the calculation can kill a membership program.

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Cost Revenue Analysis Recruiting 49

Associations Now

APRIL 10, 2019

A new report finds small associations want more nondues revenue but haven’t focused on achieving it. Small associations are eager to boost nondues revenue but have little time to devote to the task, finds a new report from Community Brands. They take a revenue share. I think the story is it’s less of a cost,” Gaertner said.

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Revenue Technology Class System 102

NXUnite

JANUARY 9, 2024

Unfortunately, these are problems that can lead to losses in potential fundraising revenue, and finding the right strategies to address these issues can feel like guesswork. For example, some donors may be most comfortable with writing a check or submitting cash to your school. Better understanding of donor preferences.

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Software Revenue Communications Examples 130

Reid All About it

OCTOBER 6, 2023

Once again, I’m asking for good examples of association (or association foundation) websites that feature an industry careers section. This page from SEMI about the semiconductor industry is an example of what I mean. In case you missed it, they described Open Space and its advantages, and shared a few association examples in part one.

Revenue 256

Revenue Certificate Tools Innovation 256

Reid All About it

APRIL 19, 2024

TopClass LMS explains how it works and shares examples of associations doing this now. Andy Crestodina, Orbit Media 101 ways to make and maintain friendships: real examples from life and listeners. Hear about best practices, cutting-edge technology, tips to avoid common pitfalls, and real-world examples. Decline of trust.

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Newsletter Content Social Media Education 250

Association Analytics

FEBRUARY 14, 2022

Some examples include: Data specific – What data empowers you? An example is how many new members did we acquire last month? Revenue growth driven by improved membership numbers, increased product sales and optimized marketing reach and effectiveness. This will help increase membership and revenue. What limits you?

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How To Case Study Cost Revenue 169

Reid All About it

APRIL 12, 2024

They also tell the stories of two association executives who generated more revenue after changing their approach to sponsorship. Learn about planning a vendor showcase and revenue-generating potential. Pricing in a Post-Pandemic World: Maximizing Revenue Learn methods for assessing price sensitivity and willingness to pay.

Revenue 256

Revenue Strategy Price Newsletter 256

Reid All About it

JANUARY 19, 2024

. – Building Your 2024 Video Strategy: A Guide for Associations To acquire and retain your membership and drive non-dues revenue, you need to include member-driven video in your strategy. Hear about video best practices and real-world examples from associations who are already putting these ideas into action. 1 CAE credit.

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Revenue Strategy Member Engagement United States 256

GrowthZone

MAY 10, 2022

To get started, gather your most recent yearly numbers: net revenue paid by members, number of members, and their average membership tenure (AMT). Now, put the calculation to work: Net member-paid revenue ÷ # of members x AMT. The operating costs were $650,000 and the organization’s AMT was 17 years.

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Revenue Cost Project Examples 78

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. ” report [PDF].

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Cost Software Technology System 59

Reid All About it

SEPTEMBER 29, 2023

I’m looking for examples for a post I’m writing. 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.

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Revenue Innovation Education Tools 272

Higher Logic

MAY 29, 2020

Here are five examples of priorities you might find in your association’s strategic plan, along with key points for how community helps. Your organization needs to bring in new members to meet revenue goals, and often, this includes increasing the young member base. Growing Non-Dues Revenue. Example: “X platform is cheap/free.

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Social Media Tools Member Engagement Revenue 254

Spark Consulting

DECEMBER 4, 2020

As hard as this is to hear, given what’s happened in associations this year (canceled meetings, revenue down, staff layoffs), it’s unlikely we’ve seen the bottom yet, and it’s likely we won’t see it for another 12-18 months. Back to the example of an annual conference, unlike six months ago, there are success stories on going virtual.

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Revenue Committee Maine Conference 221

Association Analytics

DECEMBER 15, 2022

Are you using it to increase revenue and lower costs per renewal? You may find that the slight hit to registration revenue is well offset by the longer-term increase in dues and product sales they bring by staying with your association for years to come. But are you truly leveraging that information?

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Analysis Discount Revenue System 169

Velvet Chainsaw

JUNE 15, 2022

In my experience, most large conferences this year are realizing about 80 percent of their 2019 revenue performance. For some of the major annual meetings we’re tracking, sponsorship revenue has been a bright spot when compared to exhibit revenue performance. Cost-plus is the most common method for pricing sponsorship.

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Price Tips Conference Cost 98

Higher Logic

JUNE 17, 2020

For example, in their 2020 report (available below), The CR highlights return on investment (ROI) for communities with an approved operational, measurable strategy, identifying a positive dollar value for both members and organizations. And what does the data show? Change is happening because of communities.

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Cost Report Revenue Products 270