Is your association looking for new ideas to drive non-dues revenue? Look no further than investing in your continuing education program by leveraging the right technology. With a learning management system (LMS) your association can prioritize non-dues revenue while boosting learner engagement and streamlining staff processes.
Continue reading to learn how to leverage your LMS and discover helpful non-dues revenue ideas for your association.
How associations can leverage an LMS to drive non-dues revenue ideas
With the right learning management system (LMS) at your association, your staff will be empowered to streamline key processes, invest in learning content, and ensure your learners have the tools they need to purchase and complete courses.
Here are eight non-dues revenue ideas for your LMS:
TIP: Choose Path LMS to offer continuous feedback in your learning courses through discussion opportunities, live chats, interactive assessments, polling, quizzing, and more.
TIP: Path LMS simplifies e-commerce by integrating with third-party payment gateways like PayPal, Stripe, PayflowPro, Authorize.net, and Braintree. You can also offer special group access pricing for your content, easily syncing with your association management system.
As a professional association, you’re tasked with providing relevant educational opportunities. If you don’t have your finger on the pulse of industry trends and especially unforeseen developments, your association LMS will look lackluster.
Consider dedicating a team member to monitor industry news and developments and having them report back on items that might prove meaningful to your learners. Not only will your association assume an authoritative position, but you will also engender trust with your attendees by being up to the minute on industry developments.
Establishing your association as an authentic voice of authority is something that can — and should — resonate outside of your member base. Promote your content to all audiences by offering free downloads, and the option for non-members to make content purchases and on-demand downloads for certain materials. Do restrict the majority of your content to members but advertise the amazing content you’ve created by making some of it complimentary to anyone interested in learning more.
Always include some kind of call-to-action with every download or free resource that encourages the learner to share with others on social media. By doing this, you’re putting your association in front of more prospective members, which could potentially increase membership and also boost revenue from additional content sales.
Drive non-dues revenue by increasing sponsorship opportunities at your continuing education program. Try building a sponsorship program, offering different sponsorship formats to your sponsors to position them as thought leaders within your organization. This will help you drive non-dues revenue year-round.
Consider creating a media kit so your sponsors can get to know your continuing education program and your learner audience. Make it easy for sponsors to purchase sponsorships by posting your contact information and details about banner ads, paid social posts, and dedicated emails as options for how sponsors can partner with your organization. These strategies will help your organization drive.
TIP: Path LMS makes it easy for sponsors to get to know your learners with live polling options. Staff can create custom polls and send the results to sponsors, ensuring sponsors gain helpful data and feel like the sponsorship opportunity was worth their time. non-dues revenue through your sponsorships.
Hosting virtual learning opportunities, whether a workshop, lecture, reading, or panel discussion can support another non-dues revenue stream. By sharing these opportunities online, your association can offer opt-ins for both members and non-members, according to a tiered pricing schedule.
Differentiate the price for members and non-members as another way to increase membership. If a non-member is interested in your virtual events and sees a significant difference between member and non-member fees, they might be inclined to pursue a membership. Even if they don’t, you’re positioning your association to leverage non-dues revenue by curating a course catalog that, once recorded and stored on your LMS, can provide a strong and repeatable source of revenue.
TIP: Try offering pricing options that correspond to additional opportunities. For example, a non-member will have to pay for admission or access to a virtual event, like a lecture or presentation. If the event is live, you can include an additional price to participate in a Q&A or small breakout session with the speaker.
Of course, all these non-dues revenue ideas are only as good as the platform supporting them, which is why you need to take a long look at your association’s LMS and determine whether it truly has the technical capabilities to support this variety of profit streams.
Learn more ideas to drive non-dues revenue
Some key factors to consider when evaluating your association’s LMS include scalability, the availability of integrations that support a better customer experience, and flexibility to meet consumer expectations while aligning with your association’s goals and growth. Path LMS makes it easy to manage your continuing education program and utilize the latest non-dues revenue ideas.
Path LMS is used by hundreds of organizations to deliver high-quality online learning, networking events, and conferences. Book a demo today!