ASAE completes study on nondues revenue activities.Although meetings and trade shows generate the largest revenues, the costs are significantly higher than the revenues generated, resulting in a net loss for associations. That is one finding from the ASAE ASAE American Society of Association Executives ASAE American Society of Agricultural Engineers (Society for Engineering in Agricultural, Food, and Biological Systems) ASAE Alkali-Sulfite-Anthraquinone-Ethanol Industry and Market Research Department's recently completed benchmarking publication on association nondues revenue activities. The study was conducted in response to members' need for more information in light of fiscal challenges brought on by September September: see month. 11 and the sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. . The two-volume publication, Generating and Managing Nondues Revenue in Associations: A Benchmarking Guide, provides statistics and includes case studies and advice from experts in the field. Key areas explored include costs, revenue, program management, membership value of offerings, influence of nondues activities on membership recruitment and retention, and more. Among the study's key findings: * Investment income, meetings registrations, and meetings sponsorships are the most common nondues revenue activities for associations. * With the exception of online educational programming, the majority of associations have not implemented online nondues activities such as virtual trade shows, online periodical periodical, a publication that is issued regularly. It is distinguished from the newspaper in format in that its pages are smaller and are usually bound, and it is published at weekly, monthly, quarterly, or other intervals, rather than daily. subscriptions, and other online publications. * The nondues revenue activities that rank the highest in participant satisfaction and influence on member retention are meetings, on-site on-site adj. Done or located at the site, as of a particular activity: on-site monitoring of a production run; an on-site film shoot. education, and credentialing Credentialing is the administrative process for validating the qualifications of licensed professionals, organizational members or organizations, and assessing their background and legitimacy. programs. To order both volumes, contact ASAE's Member Service Center by phone: 202-371-0940 or 888-950-ASAE; or e-mail: service@asaenet.org. Each volume is $125 for ASAE members and $195 for nonmembers. Order both volumes (product AMB-212252) for $200. Volume 1 (product AMB-212250) is available this month and Volume 2 (product AMB-212251) will be available in late fall 2002. |
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