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One of my favorite races, The Walt Disney World Marathon, offered a clever new way to give runners a race experience unlike any other. They partnered with the magazine, Runner's World to offer customized training plans, connections to experts and VIP treatment during the race weekend. Runners also received a private packet pick-up, exclusive pre-race walkout to the race start corrals, books and publications and an invitation for VIP access to a post-race celebration. Only a limited number of spaces are available and I've heard that the offer quickly sells out each year even though runners must pay an additional $300.
Can this approach work in the association world? Absolutely.
The American Academy of Hospice and Palliative Medicine (AAHPM) took a new approach to pricing a highly valued and often sold-out course that prepares individuals for the hospice and palliative medicine board certification exam. Similar to the approach taken by Disney or the airline industry, AAHPM staff created a pricing structure that offered practitioners the opportunity to attend the intensive board review course at a budget-friendly price (coach class) or with additional benefits (first class).
As part of the process, AAHPM staff identified a list of benefits that would provide additional value to attendees and provide a boost in revenue for the organization. In addition to offering member and nonmember prices to attend, AAHPM offered a limited number of "premium seats" for an additional $250. Participants who paid the extra fee received:
- Reserved seating in the "preferred section" (the first five rows of the middle section of the room);
- A special "express" registration line and entrance into the lecture hall;
- A wine and cheese reception with course faculty; and
- A special gift from AAHPM, including two popular AAHPM books (Primer of Palliative Care and the accompanying workbook), an AAHPM pen, mints and a Starbucks gift card.
Excerpted from the new ASAE-Wiley Series book The Art of Membership: How to Attract, Retain, and Cement Member Loyalty, by Sheri Jacobs, CAE. Used with permission of Jossey-Bass Publishers, © 2014. (Available at ASAE Bookstore, Amazon and Barnes and Noble)