For many associations, the challenge of diversifying revenue beyond membership dues remains a top priority. While dues traditionally form the financial foundation, providing access to core benefits, today's dynamic landscape demands a more robust approach. More than 65% of associations cite generating non-dues revenue as their biggest challenge.
However, one of the most underutilized, yet potentially lucrative, revenue opportunities lies within learning and certification programs. With the U.S. continuing education market projected to reach $93 billion by 2028, and the microcredential market experiencing rapid growth, associations that strategically leverage learning programs are unlocking significant revenue growth while simultaneously enhancing member engagement and value. Simply put, associations that thrive are those that master the art of generating robust income beyond membership fees.
In this blog, we will explore five key steps to leverage learning to increase non-dues revenue.
To help associations crack the learning revenue code, we have created a 5-step framework.
Before you can grow non-dues revenue, you need to assess where your revenue is coming from today. Key questions to ask include:
Setting clear benchmarks will help establish realistic growth goals and guide your strategy.
Once you know where you stand financially, the next step is to assess what you’re offering within your learning programs. This is where many organizations get stuck as they don’t have a clear audit process for their learning programs.
Evaluate your existing learning offerings to identify gaps and opportunities. Consider:
Understanding where your programs excel (and where they fall short) will help refine your strategy.
Not all learning programs are created equal. To prioritize the right initiatives, use the TRI Framework:
Let’s say you have five ideas for growing learning revenue. Instead of guessing which one to pursue, you score each option based on Time, Resources, and Impact. The sweet spot? Low effort, high revenue potential.
The TRI Framework helps you prioritize smartly, ensuring you focus on the programs that maximize value.
Once you’ve identified the most valuable opportunities, the next step is turning them into structured, high-impact learning programs.
Once you’ve identified the right opportunities, it’s time to take action and begin to optimize your programs. When building a successful learning program you should focus on these key elements:
The fifth and final step is to measure the impact and strive for continuous program optimization. Important metrics to track include:
Want to learn more about how to transform your association’s learning programs into a revenue-generating powerhouse? BenchPrep can help. Request a demo today.