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Published byJames Cannon Modified over 9 years ago
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Alternative Revenue Sources
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Agenda Ideas for Generating Additional Revenue That Work for both Non-Profit and For-Profit Groups of All Sizes How to Make Current Revenue Streams Produce Better Results The Secret!
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Ideas We Will Cover Education Program (In-House) DVD’s of In-House Education Classes Business Associate Program Vendor Tables at Monthly Meeting Seminars by National Speakers for Gate and Product Sales National Speaker Product Sales Guest Fees at Monthly Meetings Property Posting Service Investment Opportunity Listings Member Information & Benefits Guide Advertising Newsletter Advertising Annual Conference & Expo Other Types of Product Sales Your Ideas
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In-House Education Program – Why? Offering classes will make your members better investors. Increases the value of your group’s services Attract new members Retain a higher percentage of current members Source of non-dues revenue for your treasury Offer high quality education and information to the members. Supplement training from national speakers
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Reason to Offer In-House Education Student class cost is much less than a home study course. Classes are taught by local experts knowledgeable in the topic. Local instructors are familiar with local laws and issues making the content specific to your area. Student may ask questions and receive specific, immediate answers. Students learn from other student’s questions. Students are able to network with each other during and after the class and build community. Local instructors are available after the class to help students. Classes may qualify for renewal credit hours for licensees. There are NO back of the room book and tape sales.
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Offer What Your Members Want How to Buy Property in Foreclosure Investing in Tax Liens Short Sales LandlordingWholesaling Creative Financing Fix & Flip Lease Options Finding & Researching Deals LLC – Create Your Own Beginner’s Series You can fill in with less popular classes after your program is successful Creative Financing BankruptcyProbate Notes & Mortgages 1031 Exchanges Commercial Property Land
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Education Revenue Classes Priced at Market –Non-Member Prices 20% Higher Offer 4 to 10 Classes a Month Average Attendance 10 to 30 Price Non-member Significantly Higher to Drive Membership –Not Too High to Lose Student
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Education DVD’s Professionally Videoed Education Classes Students that Can’t Attend Classes or Students that Want Access To Material/Instructor 24/7 Price to Student $250 - $400
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Business/Vendor Program The Most Important Benefit to Your Members Except for Education and Meetings –Services Members Need –Qualified to Work with Investors –Discounts or Special Rates for Members Take Care of Your Vendors –Provide High Value Return
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Business/Vendor Program Two Types of Programs – Everyone Welcome – Semi-Exclusive Annual Dues – Charge for Value to Business! Additional Dues for Employees (Discounted) Table at Monthly Meetings – Charge for Value! Sponsorship at Meetings – Charge for Value! Speaking Fees at Meetings –Flat Rate or Per Attendee Fee
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National Speaker Product Sales Yes, You Can Negotiate the Contract –Most Standard Terms are Fair –Product Portion of Boot Camps at Product Split Rate Most Speakers will Listen to Group Leader on Price of Product Promote Speaker’s Topic & Speaker – Aggressively!
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Seminars by National Speakers for Gate and Product Sales Variety – Plan Schedule One Year Out –Market No More than 60 Days Out Marketing is Critical! – Email, Newsletter, Email, Meetings, Email Early Registration Discounts – at Least $20 –Member & Nonmember Prices – at Least $20 Difference Easy to Register –Online, Phone, Online, Fax, Online, Meetings, Online Create Sell-outs –Drives Perceived Value & Early Registration Group Keeps 100% of Gate & Covers All Expenses
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Guest Fees at Monthly Meetings The Debate…. –One Meeting Free or Not? Always Charge a Guest Fee (There is an Exception) –Member Guest Night (Once or Twice a Year) Easy Registration – Online Payments –If No Ecommerce, Phone or Fax, but Get Payment Higher Guest Fee at Door Guest Fee Should Be Based on Your Membership Dues –Create Reason to Join Apply Guest Fee to Membership –Must be Time Sensitive (Night of Meeting)
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Property Posting Service Leverages What You Have Built –Membership Base People Want Access To Include: –Picture –Description –Terms & Price –Contact Information Post to Website – Access for Anyone – Active 30 Days Email Blast to Members Only Members Receive Email (Benefit for Being a Member) Classified in Newsletter Member & Non-Member Pricing –Annual Fee or Per Property Fee –Charge Higher for Realtors?
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Investment Opportunity Listings Leverages What You Have Built –Membership Base People Want Access To Include: –Picture –Description –Terms & Price –Contact Information Post to Website – Access for Anyone – Active One Year Email Blast to Members Once a Month Only Members Receive Email (Benefit for Being a Member) Classified in Newsletter Annual Fee or Setup Charge and Monthly Fee
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Newsletter Advertising Of Course You Sell Ads, But….. Do You Sell the Right to Publish Articles? Consider Selling the Page –Includes an Article and an Ad –Article Must be at least ½ Page –Annual Contract –Exclusive Right to Category Gives You Content for Your Newsletter Every Month
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Member Information & Benefits Guide Advertising Member Guide is a Huge Benefit for Members –Portable Website Increases Perception of Professionalism for Group –Communicates Mission and Ethics –Reinforces Members Buying Decision Make it Attractive Advertising Dollars
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Annual Conference & Expo Sponsorships Exhibit Booths Advertising Ticket Sales Presentation Slot Sales Product Sales Fundraiser for Charity
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Other Product Sales Look for Products that Serve Your Members and Negotiate Rights to Offer –Pre-Paid Legal –LaserShield Security Systems –Software Programs Gift Cards Investment Opportunities –Be Very Careful –Suggest Only Collecting an Advertising Fee Rather than Participating in the Sell of Investment Property
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Your Ideas
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The Secret Tie it all together!
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Business/Vendor Program Dues Dues for Employees Table at Monthly Meeting Article in Newsletter Ad in Newsletter Ad in Member Guide Sponsorship/Booth/Advertising at Annual Conference ______________________________________________________________________Total:__________
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National Speakers Guest Fees at Monthly Meeting Memberships at Monthly Meeting Product Sales at Monthly Meeting Full Day Seminar Gate Product Sales at Full Day –Additional Products Not Sold at Monthly Meeting
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Link it Together Guest Fee Priced to Encourage Membership Member Discounts Priced to Encourage Membership –But, Not to Lose Sales if Person Doesn’t Join Expand Your Service Offering So You Can Offer “Something for Everybody” –Beginning Investor Use Education –Experienced Investors Use Property Posting Service –Everybody Benefits for Conference & Expo Education Program Feeds Content for Conference
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Revenue Breakdown Membership Dues17% Education Program17% Speaker Product Sales30% Vendor Program 6% (Not Including Conference or Advertising) Property & Investment Postings 3% Speaker Gate Receipts 3% Advertising 3% Conference & Expo21% Other 1%
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Measurement System Make it Simple Make it Meaningful Make it Trackable Revenue per Member Profitability of Each Revenue Source
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