Generating Revenue for Your Association
Wondering how to increase non-dues revenue? Elaine Gast highlights methods two Associations used to generate income from Association events. A free cocktail event for affiliates given by the Greater Syracuse Association of REALTORS® brought in $45,000 in sponsorship money. "“During the event, we have information on sponsorship packages lying out on the tables. I make a soft-sell presentation on our two different levels of sponsorship: Platinum at $6,200 and Gold at $2,200. Affiliates can choose from up to 20 packages, offering them different types of exposure at events throughout the year,” Fetyko [of the Greater Syracuse Association explains. For example, an affiliate at the Gold level might sponsor the dinner, drink tickets, or entertainment at the association’s annual gala. For their sponsorship, affiliates get exposure in the association’s membership directory, signage at the annual golf outing, a listing in the event program, and a verbal mention at the gala."
The REALTOR® Rally sponsored by the Greater Las Vegas Association of REALTORS® raised about $40,000 in profit after expenses. A Rally ticket includes education classes, breakfast, lunch, snacks and all-day admission to the exhibit hall.
