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1©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 1
The VOI of Membership is Greater than the ROI
2©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 2
Cathi Hight• President of Hight Performance Group• The member retention specialist• Developer of the Member Retention Kit• National instructor for the U.S. Chamber’s
Institute for Organization Management• Previous VP of Operations for the Chamber of
Commerce of Hawaii• Serves on Austin Chamber’s Member Relations
Council• Immediate Past-President of the Boulder Area
Human Resource Association (BAHRA)• Is a member of the:
Association Chamber of Commerce Executives (ACCE)American Society of Association Executives (ASAE)Texas Society of Association Executives (TSAE)Austin Human Resource Management Association (AHRMA)Greater Austin Chamber
3©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 3
Session Objectives
• Discover the power of VOI and why it means more than ROI ever will
• Identify the top 12 VOI benefits associatons deliver to members
• Consider how to leverage your VOI to communicate the value of membership
• Explore how to develop a VOI campaign to recruit and retain more members
4©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 4
The Challenge of Communicating Membership Value
• Members feel you communicate too much
• Members don’t open e-mails or read what you write
• Members don’t respond to opportunities or access benefits
• Members complain that they don’t receive value
• Benefits don’t resonate with prospects
5©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 5
Why Communication Fails• People don’t care about you
until they know “What’s in it for Me?”
• People use selective listening due to over-stimuli, lack of perceived relevance and distractions
• If people have to work to translate what you mean, they tune out
6©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 6
The “So What?” Factor• Key Takeaways from the book:
– We have fallen into the trap of selling what we think is important
– We sell features and not benefits that really matter to our audience
– We use MY language and not our that of customers’ or prospects’
– We don’t answer the “So What?” question and people stop listening
7©2015 Hight Performance Group The VOI of Membership is Greater than the ROI
What Matters Most?Common Interests and Needs
Support a thriving local economyEducation, transportation, talent attraction, job creationPromote the local area and region
Influence a business-friendly environmentDevelop relationships with policy and regulatory decision-makersCreate a positive sentiment toward business
Develop a skilled existing workforceSkills development on current and emerging needsLeadership development for younger talent and succession plans
Provide support to growing enterprisesLocal and global visibility, advertising and marketing opportunities Cost savings, experts and mentors, and strategic connections
Create opportunities to build a local networkNetworking and events at no or low cost to schmoozeWelcome newcomers and start up businesses seeking connections
8©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 8
Community Investors• Sustainable, thriving economy• Long-term vision for the area• Business-friendly environment• Support sustainability for all• Do the right thing (civic-minded)
Community Builders• Sustainable, thriving economy• Business-friendly environment• Community involvement for brand• Execute corporate initiatives• Workforce development
Business Investors• Lower operational costs, regulations • Advertising and marketing to drive
traffic and sales w/out involvement• Attract and retain skilled staff• Access to experts, best practices
Business Builder• Just-in-time marketing (leads=sales)• Pay by showing up• ROI with limited $ investment• Exposure, connections• Personal visibility
Member Profile Matrix—The 4 TypesGet Something Done Through You
Get Something for Their Business
I N V
E S
T E
D I N
V O L V E D
9©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 9
The Role of Value Propositions• What’s a “value proposition” for associations?
A clear and succinct statement on the benefits of membership.
• Two types of value propositions
° General: Targeted for large audience (one size fits all)° Unique: Targeted for specific group/person (benefits are
specific to a group/person’s interests/needs.)
10©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 10
Characteristics of Strong Value Propositions
• It must be about what matters most to the audience
• The “what” or feature is clearly stated• The benefit or “what do I get as a
result?” is spelled out• The language is mine, not yours, and
translation is not needed
11©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 11
“So What?” is All About Benefits, Not Features
Association Features1. We hold a Meet the Legislators
forum each fall.2. We offer 4 different networking
events a month. Our After Hours Mixer alone draws over 150 people each month!
3. We hold a Business Expo each spring to promote our members.
4. We offer discounts for office supplies, shipping, and utilities.
So What? Benefits1. Get face-to-face with representatives at
the Meet the Legislators forum each fall and tell them how issues directly impact your business.
2. With 4 different networking events each month, you can access over 400 prospects for free or low cost to market what you offer! (BAH = 150 contacts @ $15!)
3. Our spring Business Expo attracts 4,000 prospects and high visibility for your business.
4. We increase your profits by saving you money on everyday business costs.
12©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 12
General Value Propositions
• Are intended to serve a broad audience
• Are core benefits of the Association
• All members would value the benefits
• State the General Value1. What are the 3 key or
primary issues most businesses face?
2. What are the 3 things you do to address these issues?
3. State the issues and value you deliver in common business language.
13©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 13
Format to Create General Value Propositions
Easy format for 45 second messages:1. Do you know how. . .?2. We. .
Other general value propositions:
We monitor actions by local and national policymakers and weigh in on issues that impact your business so you can grow and be profitable.
We work on attracting new employers to the area and help existing businesses expand and grow. This creates more jobs and increased prosperity for our community.
State the General Value1. What are the 3 key or
primary issues the majority of your audience faces?
2. What are the 3 things that you do to address these issues?
3. State the issues and value that you deliver in language common to your audience.
14©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 14
Create Unique or Targeted Value Propositions
• Are intended to serve a specific audience or person
• Are specific benefits of the Association
• Only certain members would value the benefits
State the Unique Value1. What are the 3 key or
primary issues a specific type of member faces?
2. What are the 3 things you do to address these issues?
3. State the issues and value you delivers in language common to this audience.
15©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 15
Examples of Unique Value Propositions
Do you know how costly it is for small, independent restaurants to advertise and promote specials on a consistent basis?
The Texas Restaurant Association offers low-cost advertising on our web site and in our directory to help downtown Austin restaurants reach over 2,000 people a month and generate traffic to the downtown area.
Do you know how hard it is for small manufacturers to train their staff and stay on top of all the new regulations?
The NAM offers timely, low-cost training made available by our generous sponsors so your staff can get the skills and information they need to do their jobs and comply with new regulations.
16©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 16
Move from ROI to VOI to Communicate Value
ROI is about the bottom line
Value = $ invested – Hard Costs
Make the shift to VOI (Value on I______) where “I” is more than Investment
Value = Perceived Business/Personal Benefits
that go beyond Hard Costs
17©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 17
Membership is All about the Value of I_________
• Investment: Direct return for dues/non-dues (sometimes)• Information: Unique sources, timely and for members only• Initiatives/Issues: Taking positions/ lead on what matters• Influence: Ability to persuade and affect outcomes• Impact: Direct result of initiatives, positive consequences• Introductions: Access to mentors, customers, peers• Interaction: Positive experiences, quality of conversations• Innovation: Cutting-edge ideas, opportunities, technology• Instruction: New skills or applications learned• Intelligence: New awareness, understanding, knowledge• Insights: Lessons learned, breakthroughs• Integration: Ability to implement ideas into business
18©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 18
Strategies to Move from ROI to VOI
19©2015 Hight Performance Group The VOI of Membership is Greater than the ROI
• Discover members and non-members’ challenges, interests and perceptionso Surveys
o Interviews
o Quick Polls
o Phone Calls
o Focus Groups
#1: Know What Keeps PeopleUp at Night
20©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 20
• Which sources of information from us do you value the most and why?
• Describe one initiative we led and how it positively impacted your business.
• What value do you receive from interacting with other members?
• How have we helped you to develop relationships with others in the industry/area?
• Describe something new you learned as a result of one of our educational opportunities and how it helped you or your business.
• What new ideas or perspectives did you learn about from other members that have been integrated into your business?
• What one thing do you value the most from your relationship with _____?
#2: Discover Your VOI
21©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 21
# 3: Let Members Tell Your Story
• Interview “champion” members and showcase their businesses (use Flip video cameras)
• Showcase video and print testimonials on your website, newsletters, directory, etc. (ex. http://www.boulderchamber.com/)
• Ask VOI questions on social media platforms and allow members to comment
• Use the “So What?” language members provide and mirror it
• Create a FAQ on member benefits and feature responses from members who use those benefits
22©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 22
# 4: Develop a VOI Campaign to Recruit and Retain Members
• Review existing marketing collateral (web pages, brochures, flyers) and evaluate if messages answer the “So What?” questions or has strong VOI benefits
• Rewrite marketing messages in language that makes prospects and members say, “I need that,” “Just what I’m looking for, “That’s why I’m a member!”
23©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 23
Steps to Create a VOI Campaign
1. Determine which benefits resonate best with the 4 types of members– Consider specific benefits for each type of member
2. Use VOI statements to communicate your value propositions– Talk to members that represent each of the 4 types of
members and collect a testimonial that speaks to a VOI benefit they value
– Use their “language” so it will resonate with their peers– Post video clips on your website, YouTube and social
media sites– Use VOI statements in all marketing materials
24©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 24
“Value is validated by a member’s willingness to exchange money or time
for something.” Road to Relevance
Do you communicate what really matters?
25©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 25
Session Summary
• Value propositions sell the real benefits of membership in the eyes and language of members
• Strong propositions are unique to the Association and are focused on benefits that matter most to prospects and members (they answer the “So What?” questions)
• Communicate the Value of I__________ and realize that membership is much more than Investment
• Current members who get the value of membership communicate the messages the best!
26©2015 Hight Performance Group The VOI of Membership is Greater than the ROI 26
• Benchmarking and special projects• Onsite and virtual staff training• Board retreats and strategic planning
sessions• Membership retention plans• Conference presentations and
workshops• Books, webinars and articles on our
web site: www.hightperformance.com
• Contact us at (512) 354-7219 or at [email protected]
To Your Success!