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Strategic Thinking: Networking

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Strategic Thinking: Networking
February 10 2021 admin Blog, Chambers, TRC, YGM 0 comments Tags: networking, sponsorships, YGM

In these early months in 2021, we are focusing on strategic thinking. That’s right – strategic thinking, not just strategic planning – though they go hand in hand. You have to be thinking strategically in order to do the important work of the planning for your chamber or organization. All strategic thinking involves questions. We encourage you to grab a notepad and do some thinking with us.

In our last blog post, we went into detail on why strategic thinking is important and how you can utilize it. Today, we are thinking about how we network with our members, especially now during these unusual COVID-19 times.

Networking is built into chamber life – into the life of any organization, really. Members of any organization attend networking events to expand their business contacts, to be seen as a vital component of the organization, and to build their own business. Networking is about building.

What are you building with your networking events? What do you want to build? Do the two answers come together with the actual attendance numbers and engagement of your members or clients?

Networking

What is the one event/program that most chambers have? AfterHours or a similar networking program. It doesn’t matter how your chamber does it. Are you thinking about it? Really thinking about it? Think about your networking programs and ask yourself these questions.

  • What is the real reason your chamber does networking in general?
  • Are you penetrating the percentage of your membership that you desire with this program?
  • Is your networking program segmented?

What is the real reason your chamber does networking in general? Are you penetrating the percentage of your membership that you desire for this program?

Are you trying to engage your members in your programming? Think about the results you want from your networking events. When you do a wrap-up evaluation after an event (you do those, right?), do you look to see if the results are in line with your goals?

If you do networking events to engage your members, are they attending? Whether virtually or in-person? Are you providing what you think is best or have you gotten input from your members?

Whether you recognize it or not, you are getting input from your members. If you have a monthly networking event and the same 20 people attend each month, you are not engaging your members unless your definition of and goal for engagement is to create a small club for certain members.

If you hold in-person events during the middle of the day, and your small business owners aren’t attending even if the programming and educational opportunities are geared toward them, they are telling you the timing isn’t right for them.

During Covid, we have seen many chambers having more engagement from a wider group of members because they are able to connect virtually and not leave the office. Even if your in-person event was only an hour, adding drive time to that could leave a member away from the office for an hour and a half to two hours. Virtual events have streamlined that process, allowing them to engage while also being available to answer a call or email or to respond to a client. These are things that should be included in our planning when it is possible for our events to be primarily in-person again.

Is your networking programming segmented?

Other than your Leadership or Young Professionals programming, do you have segmented events? Or do you simply have one AfterHours and assume it will fit the needs and desires of everyone in your membership.

If you aren’t presenting segmented programming, you are missing opportunities, both to engage your members, to attract a broader range of sponsors, and to charge for some events (we are seeing people willing to pay for viable content). As we have seen with more members engaging in virtual events, we are also seeing that they are specific about what content they engage with on a consistent basis.

Now, while it’s so easy to set up Zoom networking events, begin to think about how you can segment your offerings to best reach the greatest number of your members. Now is the time to experiment and see what works. Look at your membership and see how you could divide it into various networking events, provide those events, and watch who attends. Continue to carve away and hone the events until you are seeing growth in them – growth that mirrors your mission for the program and your goals.

Have you considered:

  • A book club
  • Entrepreneur groups
  • Sweat work groups

Remember that if you hold an event and the outcome doesn’t mirror your objectives, you need to look at the program and see what might have caused the disconnect. Was there a breaking news event in town that affected the group you were targeting? Try again next month and see if your engagement changes. Did people simply not attend? Did they begin the virtual event and then log out early? Reach out to a few members and ask why. Your members are constantly refining their business practices. They will appreciate that you are doing the same.

How Do I Get Rid of AfterHours

This is one of the questions we hear most. AfterHours is a traditional sacred cow of the chamber world. The best way to let AfterHours go is to create other networking opportunities that benefit both your members and the chamber more.

Cash Mobs are a great example of an event that provides both networking and a chance to support local businesses.

A little strategic thinking can help you navigate this process. Putting in the effort in the planning stages and watching how your members respond will allow you to create networking programs that are vibrant, engaging, and well-attended.

When you have programs like that, you will be able to monetize the events – get sponsorships and charge a fee for some of the events. There is no limit to what is possible.

Get ready, get set, go strategic think.

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Taking the Uncertainty out of Sponsorship
October 15 2016 admin Sponsor development, TRC, YGM 0 comments Tags: chamber, sponsorship development, total resource campaign, TRC, YGM

If your chamber is thinking about a sponsorship plan, there isn’t one perfect plan, just like there isn’t one perfect chamber. Your leadership needs to evaluate various types of plans and determine what will work best for your chamber.

There are four types of sponsorship plans:

  1. Per event
  2. Annual bundled program
  3. Sponsorships through tiered memberships
  4. Total resource campaigns.

Once your chamber identifies what type of plan it has or would like to execute, it needs to determine the goals of the plan.

  • Are you looking strictly for financial revenue?
  • Do you want to initiate organizational pride?
  • Are you looking for an increase in awareness for your organization throughout the community?

Next, your chamber will need to determine what inventory will be included in the plan. Items we are seeing trending nationally include:

  • Workforce Development/Education programming and events
  • Women’s initiatives
  • Medical events & First Responder recognition programs

Educational seminars during the lunch hour (aka “Boxed Lunch & Learn” series with attendance cost of $10-25) are being replaced with substantial professional development programs – at least half a day – with at least $100 admission. Chamber leadership programs are being reinvented to include professional development components as business leaders are saying “city field trips” aren’t enough any more.

Selling the Inventory

Once your inventory is established, you have to make certain you can articulate your programs. If you can’t explain it in a very short narrative, you probably won’t be able to sell it because your sponsor won’t be able to sell it to their customer base either.

You also need to be sure you can answer what the program is really worth. Beyond the budget, is the topic relevant and unique, and is the audience popular to the sponsorship.

Think through the real value of each sponsorship, of how a business could market it, of how a business could benefit from it.

If you need help working through the details of sponsorships, contact YGM at ebey@nullygmtrc.com. We will be happy to discuss it with you.

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Looking to Increase Sponsorships
October 09 2016 admin Sponsor development, TRC, YGM 0 comments Tags: ACCE, sponsorship development, TRC, YGM

Be the Change Your Chamber Needs

This summer’s 2016 ACCE Conference in Savannah, Ga., was amazing, and I keep thinking about how sponsorship development was the hot topic. We were delighted that all the sessions on sponsorship were relocated into the overflow room due to such tremendous interest.

I co-presented “Sponsorship Strategy: Organizing for Success” with Loren Traylor of the Birmingham Business Alliance at the ACCE.

The great tennis player Arthur Ashe once said, “Start where you are. Use what you have. Do what you can.” His theory applies to most of life, but especially to sponsorship development.

Define Sponsorships

In creating a sponsorship plan, a chamber must first have sponsorship. Nationally, we are seeing a trend with many nonprofit organizations – from schools to churches to regional charities – using the term “sponsor” for a variety of meanings. This is affecting the corporate landscape and how chambers are able to secure sponsorship dollars.

When YGM trains volunteers all over the country to execute a Total Resource Campaign – just one form of an organized sponsorship plan – many volunteers will express a sense of exhaustion of having to volunteer to go secure another sponsorship.

They will say “we just had to get a sponsor for Sally’s soccer uniform last week” or “Johnny’s Boy Scout troop was just getting sponsors for camp last month.” However, following training and securing an understanding of Chamber sponsorships, they quickly articulate “these are not sponsorships.”

How TRC Sponsorships are Different

What a YGM sponsorship is all about is talking to business contacts about utilizing the chamber for marketing and advertising of their business. Asking business owners about these sponsorships are much different – and often much easier – asks.

An organized sponsorship plan will increase your financial resources, grassroots marketing, and volunteer involvement while providing the chambers with both program and staff development.

The fall is an excellent time to begin planning for your chamber’s future. If you would like to speak with us at YGM about how we can help, you may reach us at ebey@nullygmtrc.com.

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Partnering with chambers for a stronger business tomorrow
August 08 2015 dcrum YGM 0 comments Tags: business, chambers, Online System, volunteer coaching, YGM

There are changes going on here at YGM Total Resource Campaigns. We have a new look to our website, and we are making some updates to how we provide our clients with the materials used throughout each TRC.

What hasn’t changed is our dedication to leading chambers around the country to their most successful sponsorship campaigns to date.

YGM was founded upon the idea that personal service was important, and we continue to base our work ethic around that idea today. Part of what sets YGM apart is that chamber representatives know us individually, and we know them. We work together as a team in order to make their campaigns successful.

We don’t simply hand clients a packet of materials along with some suggestions as to how to proceed.

We provide:

  • training geared toward each chamber’s needs,
  • volunteer coaching, expert advice,
  • materials taken from our proven method, and
  • access to our unique Online System.

More importantly, we are available to each chamber throughout the process. Whenever there is a question, we are never more than a telephone call, text, or email away.

Each time a chamber we partner with succeeds, we succeed. At YGM, we are a team, working together for your success.

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