Article Business Development 2 min read
A New Look for Nondues Revenue
Post-pandemic, associations are becoming more entrepreneurial and working with corporate partners in new ways to develop new revenue streams.
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If the COVID-19 pandemic had an upside for associations, it might be that they got more comfortable taking risks.
Teri Carden, creator of Non Dues-a-Palooza, an event series dedicated to nondues revenue ideas, says organizations have been forced to become more entrepreneurial over the past three years. âAssociations that were risk-averse for the most part were forced to take risks,â she said. âIf we look at the new programming or new nondues revenue programs, a lot of them look and act like small businesses.â
And as in any small business, Carden says, the process at an association begins with some market analysis. For example, in 2021 the Advanced Practitioner Society for Hematology and Oncology began exploring product and program ideas that would serve members while also promoting the associationâs status and bottom line.
âWe were asking, âWhat are the skills of our members?ââ said APSHO Executive Director Wendy Vogel. ââWhat do our members have to offer thatâs unique to them and could be something that could provide revenue for the society?ââ The association soon came up with an endorsement program called the APSHO Seal of Acceptance, where educational or informational materials are submitted by companies and formally approved (or rejected) for the seal.
Seal-of-approval programs arenât uncommon in the association world, though it was more complicated in APSHOâs case because of the range of disciplines the association supports. The organization has assembled what it calls a âseal teamâ from various backgrounds to look at submitted materials and establish standards for assessment. âThis is not a pay-for-play kind of thing,â Vogel said. âWe are very serious about contributing to the good of our patients.â
In its first year, the program generated $80,000 for APSHO. The only hiccup, in fact, was that APSHO underestimated what participants were willing to pay to submit materials for seal consideration. âThe sales team said, âThis is much more valuable than what you think,ââ Vogel said. âAnd we havenât had anybody blink at the price tag.â
Looking for Intel
Corporate partners have always been a mainstay of association nondues revenue. But companies arenât just looking for traditional sponsorship and endorsement opportunities anymore. Increasingly, Carden says, they want access to the deep wells of information that associations hold about their niche membership groups. Theyâre also eager to learn more about how associations have established and promoted diversity, equity, and inclusion initiatives within their organizationsâand bring that education to the corporate office.
âThe big brands in the U.S. are looking to associations for market research,â Carden said. âAssociations already have the eyeballs of the industry, so they see it as a quick jump where they can get intel, and theyâre willing to pay big bucks for that market research.â
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