How to start Association Management Services Business

How to start Association Management Services Business

How to start Association Management Services Business

Start-up cost for Association Management Services Business : 20,000–90,000 Inr
Potential earnings : 2,00,000–5,00,000 Inr
Typical fees: Monthly retainers of 1,000–5,000 Inr. 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
Websites 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,
Staff required : No
Hidden costs : Membership in associations, subscriptions to related
publications, Web server space to host your clients’ Web sites.

Consider : Start Apartment Preparation Services

What You Do to start Association Management Services business :
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 to start Association Management Services business :
Office and computer equipment are your biggest expenses (about 50,000 Inr ). 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
10,000 –50,000 Inr 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 for Association Management Services business :
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.

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