How to start Association Management Service?
This small business ideas you can start from home and makes profitable business. This article gives you idea about how to do this business? What is the requirement for the business? Who is your customer? How much capital is required to start a business? for business and other business aspects.
Association Management Service
Start up cost: $2,000–$9,000
Potential earnings: $20,000–$50,000
Typical fees: Monthly retainers of $1,000–$5,000 are not uncommon (directly dependent upon the association’s size)
Advertising: Network with professional and trade associations, advertise in related publications, link to your own Web site from the Web sites you manage for your client associations
Qualifications: Good organizational, writing, marketing, communication, and motivation skills; an eye for detail; possibly management or administrative experience
Equipment needed: Cell phone (with or without hands-free accessories), computer with Internet access and Web-hosting capabilities, phone, fax, copier, business cards, letterhead, supplies
Staff required: No
Hidden costs: Membership in associations, subscriptions to related publications, Web server space to host your clients’ Web sites
What You Do
From the Association for Association Management (yes, there really is an association for everyone) to the Association for Children for Enforcement of Support, most organizations need help in managing their operations. Especially well suited to a management service are groups too big to rely solely on volunteers but not big enough to justify hiring someone to do it on a full-time basis. Your services for each client may vary, but may include maintaining membership lists, publishing a newsletter, mailing out information about the organization, keeping records,
collecting dues, and handling meetings, events, and fundraising activities. Not only can you work for an existing organization, you could also start an association of your own if you base it on your own profession or something else with which you have personal experience.
What You Need
Office and computer equipment are your biggest expenses (about $2,000). You may be able to get the organization(s) you represent to pay for some supplies (but don’t rely on this when creating your business plan). Charge a monthly retainer of $1,000–$5,000 for your services to make sure you cover all of your expenses. Since
many of these associations work with volunteers, they may try to take advantage of your expertise too. Don’t let them.
Keys to Success
Association management provides a great variety of duties and an opportunity to interact with interesting people. You will also get opportunities to learn about an array of topics at meetings and conventions. Th is is a great opportunity for those with philanthropic tendencies. To continually “wow” your association clients with
top-notch management services that include Web site design and management as well as e-messaging campaigns to solicit members or donations, partner with some excellent Web designers who know how to stretch small dollars into huge returns on an attractive and fully functional Web site. Helping your clients to retain longtime members while adding new ones is your biggest challenge.