Boardroom Magazine’s Post

Associations must embrace for-profit strategies for financial sustainability as membership dues continue to decline. Moving beyond traditional revenue streams, associations are now exploring new business models including tracking sales cycles, encouraging staff to act as brand ambassadors, and using current data to tell the organization's story. Learn more about how cultural and organizational shifts increase revenue in our recent blog by Yes& Senior Account Manager, Lisa Daniel: https://hubs.ly/Q02CjS-g0

📈New report by McKinley Advisors on "Membership Reset: Delivering on the Promise of Membership"! Explore strategies to combat the decline in #association memberships, align your #membership with your mission, and boost engagement. Read the full report now ⤵

The Art of #Association Benefits: 3 Key Questions Association executives have had an eye on declining membership as a whole over the past 10 years. Do you have this concern? Have you attempted to offer member benefits yet not many members caught the beneficial offering? Here are 3 crucial questions to open up a pretty vital conversation for your association's future - 1) Has your membership changed, turned-over over the past 3-5-10 years? 2) What are your members thinking today? How do the added benefits meet their needs now, giving them hope for tomorrow? Is your organization relevant to it's membership this year? 3) When is it time to incorporate a "High Touch" and "High Tech (Digital)" approach to communicating with your members? How do you do this now, and what are you thinking for the future? BONUS: Do you have a short list of 'partners' who are part to the member benefits portfolio of exclusive benefits? Who win when the organization wins, and when the member wins? What does this win-win-win look like? Large #associationexecutives and financial committee #boardmembers let's talk about #affinitybenefitplans

Interesting whitepaper by Belinda Moore on modern #Association #membership models adapting to new expectations and digital transformation.

Association strategy isn't set in stone—it's always changing. To succeed, associations need to keep adapting. Understand and use these key steps to make sure you're heading in the right direction for the long run. Here's a simple, 7-step guide to association strategy: 1.) Set Clear Goals and Objectives The foundation of any successful strategy is clear, achievable goals. Associations need to identify what they want to accomplish. 2.) Engage Members Members are the lifeblood of any association. Engaging them effectively is crucial for both retention and recruitment. Understanding member needs, preferences, and feedback is key. 3.) Ensure Financial Stability Without financial stability, an association’s goals remain unattainable. Diversifying revenue streams, effective budget management, and financial planning are essential. 4.) Advocate Effectively Associations often need to advocate on behalf of their members. Developing a strong, clear voice on relevant issues is crucial. 5.) Embrace Technology In today’s digital age, associations must leverage technology to streamline operations, engage members, and enhance their reach. 6.) Keep Learning The most successful associations are those that continuously learn and adapt. Keeping abreast of industry trends, member needs, and technological advancements is vital. 7.) Build Strategic Partnerships Forming strategic partnerships can amplify an association’s reach and resources. Collaboration can be a powerful tool for achieving goals. Want to make sure your organization stays strong in the future? Check out our Strategy Page or reach out to us! bit.ly/BRMschedule #AssociationStrategy #SuccessJourney #Associations #AssociationChat

Latest Business Services Updates by Latest Business Offers. Title: Online Business Directory | The Trusted Business Community Link: https://lnkd.in/e9HZv_3d Welcome To The Trusted Business Community, Where Reputations Meet Expectation Here at The Trusted Business Community Association we offer equal opportunities for all small business owners. Our policies create a level playing field for SME’s to work together as a collective force, highlighting the importance of collaboration through inclusion for all. We offer a safe environment promoting standards of engagement in a trusted and business like fashion, that is comfortable for everyone. We do not tolerate undesirable behavior, both towards another member or a client and have strict policies in place to handle such issues. Our Founder Sean Hewitt recognises the need for standards and safety for everyone from within the association. Having successfully completed a course on the understanding of domestic abuse in and around the workplace, when engaging with us at the association, you can do so with confidence in the knowledge that our members are of the highest priority in all areas of the support we offer! Becoming an affiliated or accredited member, gives your business the consumer confidence in your brand through the badge of trust you receive upon successfully being accepted following our membership process. Placing your branded logo alongside our badge on marketing campaigns unifies your brand as an organisation that consumers can recognise as ‘Trusted’, meaning your credibility is shown where it should be, with those who wish to use your services! #smallbusinessassociation #smallbusinesssupport #business #businesses #networkmarketing #connectivity #businessgrowth #businesssupport #sme #businessdirectory

We all know retention is the lifeblood of a thriving association, but how do you achieve it? We cracked the code, revealing 3 clear and evidence-based strategies for best-in-class membership retention: Go Big on the First Two Renewals: Retaining your newest members sets the stage for long-term loyalty. Our research shows each renewal significantly increases the likelihood they'll stay on board long-term. Watch the 90-Day Clock: New members engaged in the first 3 months are far more likely to renew. Seize this window to deliver on your value proposition and keep them hooked. Focus on High-Impact Engagement: Not all engagement is equal! Our research shows specific activities have a much bigger impact on renewals. Identify these "super sticky" engagements and promote them to your members. Dive deeper into our research in this article https://buff.ly/3MNYTBb #sequenceconsulting #association #membershipgrowth #associationgrowth #strategy

📊 Did you know? Since the 1950s, #association membership revenue has dropped dramatically. McKinley Advisors's report reveals how to reverse this trend with actionable insights and success stories. Check it out🔍 : https://lnkd.in/dcrYbacJ

Developing a forward-thinking strategy is key to staying relevant and thriving in a changing landscape. This Associations Now article outlines how associations can plan for the future by embracing innovation, building strong member relationships, and staying adaptable. Read more here: https://ow.ly/BLUI50Twj3K Is your association focused on long-term success? The AOE team can assist in developing and implementing a strategic plan for your organization, positioning it for greater success now and in the future. Reach out today: https://lnkd.in/g657n8pV #AssociationInnovation #FuturePlanning #MemberEngagement #Adaptability #StrategicPlanning #LongTermSuccess

Our latest blog is now live! 🔗 Link in the comments! #MembershipAssociation "With the support of their members, association leaders are at the forefront of their organisations, seeking new ways to add value to their membership and adapt to ever changing industry landscapes."