There’s “Riches in Niches”
Every Association has a wide variety of member companies.
There are “Builder” members and “Associate” members. Inside the “Builder” category are dozens of types of companies from custom builders to “spec” builders, small production builders to builders that produce hundreds of homes per year and more.
In the “Associate” category the range is even wider – subcontractors, financial companies, title companies, professional services, media and marketing companies, suppliers and the list goes on and on.
One of the most powerful things you can do to “tap” into these different groups is to “slice and dice” them into as many specific “niches” as possible. Once you have done this you can create programs and non-dues revenue projects designed to have a high value to these specific niches.
Let’s use the financial services group as an example. This group can be easily segmented into several specific niches. Under the umbrella of financial services you will find banks, mortgage companies, leasing companies, credit unions, insurance companies, accounting and bookkeeping services and more.
Each of these sub-categories is a niche. Each niche can and should be looked at as unique with its own set of needs. The companies inside these niches also will feel compelled to respond when you recognize them as a special group and give them special attention.
Here is a really simple way to generate non-dues revenue and provide a valuable benefit to one of your financial niches.
Give your next general membership meeting the theme “Banking on a Healthy Building Industry” or something similar. Create a “package” for “banks only” that includes the following (as applicable):
Special seating at the meeting or function (remember the “secret of the blue tablecloth” from “Renegade Retention Secrets” Vol. 1?)
The ability to bring and hang a company banner at the event
Two tickets to the event
Do not call this a “sponsorship”. Companies tend to believe that when they “sponsor” something they are doing it out of support and it is a favor to the Association. That is often true and isn’t a bad thing. In this case though – you have the “carrot”. This is a great opportunity for BANKS to get exposure, develop relationships and ultimately get new customers and clients!
Now, none of the “benefits” above are unique and most have been offered before in some way, shape or form. But, here is the critical difference – THIS IS FOR BANKS ONLY! No insurance companies, accountants, credit unions or mortgage companies can have this package at this meeting or function.
This is an exclusive offer to an exclusive niche. When offered it has to be clear that this package was created to showcase the “BANKS ONLY” niche. When presented as a special marketing tool for a specific niche the perceived value of the “package” will increase to a very high level.
When you make this type of offer to a niche a few things happen.
First, the niche is made to feel special because you are highlighting them and only them.
Second, knowing that you are highlighting their niche they won’t want to be left out.
Third, by making the same offer to all of the banks (and alerting each bank of this) two powerful emotions come into play – fear and greed. If you are highlighting banks at your event and one bank chooses not to participate they may allow all the other banks to get exposure to your members that they will miss out on – that’s fear. On the greed side, just knowing that if they can impress one or two member companies or develop one new relationship they can get a return on their investment several times over will be appealing.
Finally, recognition is one of the most powerful motivators of all. When the bank management knows that they will get specific recognition by participating in your event the odds of them participating and perceiving a high value will go up.
Using the “niche approach” provides a real benefit to the participants. This is a huge marketing opportunity. Where else can they get this kind of exposure and face-to-face access to a specific set of business people (your members) in a relaxed, yet business atmosphere and be the focus of attention?
This is not a donation! They are not “supporting” the Association by participating. This is a direct marketing opportunity that can be compared in value to any other forms of marketing this niche uses.
The value that you put on the investment is up to you – but here is a recommendation – each business person attending your event is a specific opportunity for the participating banks. Take the average attendance of this type of function or event and multiply it by at least five dollars.
If you have an average of 75 attendees charge at least $375 for each participant. Get five banks and generate $1875. If you have 200 attendees charge $1000 for each participant. Get five banks and generate $5000.
I used banks as an example because it’s really easy to provide value to this niche.
The next meeting or function may feature insurance companies only. Call it “Insuring a Healthy Building Industry” and offer the same package.
Look at all your “niches” and create opportunities for each.
Have a section in your newsletter for “plumbers” and call it “Pipeline to a Healthy Building Industry” and create a special size ad with a special price for “plumbers only”.
Designate one hole at your next golf event the “Money Hole” and let all of your accounting members have their logo on one sign. The possibilities are endless when you break your membership into exclusive niches and brainstorm ways to give them real value.
Steps to Success
1.) Make a list of all of your niches breaking them into as many specific categories as possible.
2.) Make a list of all of your events, publications, meetings and programs.
3.) Decide which niches go best with each of them.
4.) Have your events or membership committee brainstorm “packages” for each niche.
If possible, assign a niche to each committee person to contact about the package or require a committee person to go with a staff person when they share the opportunity. This is a great way to get staff and committees to work together and also creates “courage” to actually get it done.
In closing, remember there is no “arm twisting” to get niches to participate. You have the “carrot”. When you market to a niche it is your responsibility to make sure all members of the niche have a chance to participate. You are simply giving them information so they can make a good decision for there business.
In our office when someone says no, we just say “NEXT”.
Rob Oliver
P.S “Riches in Niches” is one of five non-dues revenue tools feaured in my SPECIAL REPORT – “5 Non-Dues Revenue Secrets”.
To get the complete report sent to you by priority mail for just $77.00 send me an email to
rob@theolivergroupllc.com and type “5 Secrets” in the subject line and include your contact information so we can call you and get payment information.
This report has a 100% No Questions Asked Money Back Guarantee. If you don’t believe you can get at least ten to twenty times your investment back simply send us an email and I will refund your investment and you can keep the special report.
This is just one of several tools that can be implemented easily and cost effectively.
NO QUESTIONS ASKED.
The opportunity to provide a drawing prize and any other tools you can offer
Call the package “Passbook to the Most Powerful, Successful and Influential Business People in the Community”. People like packages -they are easy to understand and place a value on.
A database of the attendees to use as a follow up tool
Their company logo in a “shared” thank you ad in the newsletter before or after the meeting
One handout or flyer at each place setting
Three minutes at the podium to address the guests
Recognition from the podium
Half price tickets for their management and staff
A Comment on Optimism and Attitude from the Front Line
July 28, 2008A Special Message on OPTIMISM and ATTITUDE from the “front lines” – from Kate Oliver – HBA Associate Member
Happy summer to everyone! It is hard to believe that just a couple of months ago we were talking about the rough winter many of you were having around the country and then summer just showed up for all of us to enjoy.
I know that each of you and your Local Associations are busy planning summer BBQ’s, Golf Tournaments (Outings) and other events for your members. I hope that you are enjoying the fact that you are creating excellent situations and opportunities for members to get together and meet each other.
As members ourselves, we look forward to the events that get planned and seeing and talking to other people like us who get up every morning and “try to do what we do better” and “try to figure out how to do more of it”.
Getting an opportunity in our busy week to see other folks that are out “fighting the good fight” is inspiring and I truly appreciate all the Local Association we belong to for making those opportunities available. Your efforts and hard work is applauded!
Rob and I talk throughout our day about Home Builder Associations and what we can do to help them grow their membership, keep the members they have and increase non-dues revenue. Being the “cheerleader” of our team, as well as one who believes wholeheartedly that if you BELIEVE with all your heart in something you will succeed, I decided that Rob should write his article on that subject this week.
But Rob, who is always ten steps ahead of me on his thoughts and being the “informer – educator” type said I should write about the “power of believing” and he would give you another “tool” and hopefully a new way of looking at HOW you do it now.
“I probably won’t add my two cents very often in this weekly newsletter but I was very inspired this week to share some thoughts with you”.
Please understand I am writing to you from a fellow member’s point of view. I hope that I can help you better understand the place you have as a “Non-Profit” Association working with and for “For-Profit” Companies in their drive to succeed in business and support the issues you and they have within the industry.
We have been members of Home Builders Associations for over 15 years. We believe whole-heartedly in the mission and goals of the associations we belong to. But, in the end we belong not only to support the industry but also to meet other companies who want to grow and do business together.
That said and being the optimist that I am in believing that everyone and every business can succeed with the right mind set and goals, it makes me crazy to watch TV and read the paper and hear the media and the government make us feel like with the “state of our economy” every business in the country should just “close up shop” and wait for the end.
Believe it or not your members listen to you and your board and follow your lead.
We hear often now that membership is down and that locals are concentrating on retention. Some associations don’t want to pursue new members because they believe businesses just don’t have the extra money to “support the industry”.
Remember YOU have the carrot!
If you have been to a membership drive training with us you have gotten a dose of the passion Rob and I share on that subject.
I promise you, as we do everyone at our DirectDrive trainings, there are thousands of companies (potential members of your association) who are looking for the marketing tool that your association offers. There are countless companies that understand the value of meeting other serious business people that want to succeed and find consumers who want to buy from them.
They are out there for the asking. YEP – you just have to ask, not beg for support or donations.
I found a quote that I want to share:
Case in point – We were privileged to meet the Helena Building Industry Association in Montana last spring and help them do a membership drive.
They all just put their “I Believe” hats on and got ready to do whatever they needed to do to help their association.
To make a long story short, (although it is an amazing story if you ever want to hear it – email Elaine in Helena) that “little” association in the middle of Montana with 250 members on a Tuesday, ADDED 261 NEW MEMBER COMPANIES IN THE NEXT 48 HOURS. They more then doubled their size and took first place on National Membership Day.
YES – waiting to be asked to join a growing, business-centered and fun association.
If your members succeed – your association will succeed and grow.
Attitude – attitude – attitude will help everyone succeed. I encourage you to take a look at yourself, staff and board members and see if there are small changes that can be made in order to help create a better business environment in your community.
In closing, please remember your association has the “carrot” and if your members succeed your association will succeed and grow. Attitude, even if you have to fake it, will over time help you win – BIG.
Wishing you success in all that you do to make your association great!
Kate O
“It is attitude, not aptitude that determines your altitude” – Zig Ziglar.