It’s the topic that never seems to tire: non-dues revenue.
How can we generate more?
How can we improve upon the initiatives we’re already executing?
What new tactics and ideas should we try?
While we could go on and on and on about non-dues revenue ideas, today, we wanted to focus on just one: financial technology.
What do you mean by financial technology?
If you have members who sell products and/or services for a living (for example, a spa owner or a plumber), they need to be able to conduct fast, reliable, and secure payment processing transactions.
Enter financial technology, or “FinTech” for short. Most companies NEED some kind of financial technology in place to run transactions and, well, their business!
Ok, but how does that overlap with my organization (and impact non-dues revenue)?
Your organization strives to provide your members with value, right? Well one way you can do that is by partnering with a FinTech company (or FinTech provider, rather), and offering that FinTech to your members.
With that FinTech solution, your members could…
- Accept mobile payments from their customers
- Create an online shopping cart on their website (that will also allow for sales via Facebook and Instagram)
- Track and adjust sales, pull reports, manage inventory, etc. via Tablets, Virtual Terminals, Point of Sales Systems, and Software Integrations
Now here’s what’s in it for you: By partnering with a FinTech provider, you’d be entered into a revenue-share agreement, so every time one of your members chooses to utilize that FinTech solution, your organization would receive a portion of that sale. (And if you have a lot of members choosing to use it, well, that’s a lot of extra non-dues revenue!)
How much does it cost to partner with a FinTech solution?
Here’s what’s really cool: It wouldn’t cost you anything to partner with a FinTech provider. Once you partner with them, they would then market their products to your members - so you wouldn’t even have to do the marketing! And then as the sales come in, so would the non-dues revenue.
If a partnership like this is something you think your organization could really benefit from, we highly encourage you to take a look at Payscape, a financial technology provider and our preferred payment processor. In fact, we’ve extended our own partnership with Payscape, so you can now take advantage of the Payscape Affiliate Partner Program and reap the benefits listed above!
Want to know more about Payscape’s Affiliate Partner Program! Just click the link below!