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May 04 2012

India and China Market Opportunities Highlighted at ASAE International Conference 2012

 

 

 

 

Two popular sessions focusing on the market potential of India and China drew large audiences of association executives this week at the ASAE International Conference 2012 in Washington DC.  Two of MCI’s senior consultants who live and work in these markets were on hand to present a first hand look at the dynamics and what is needed to succeed as these countries try to close the skills gap needed to compete in a 21st century global marketplace.

India

Tarnbir Kaur, MENA & India Director- Association Management & Consulting, MCI Dubai & Mumbai Offices presented a session entitled “Land of Opportunity and Challenge: Build and Expand Business in India”  spoke how India will soon surpass China to become the largest and youngest market for US association training and education in the next 10-15 years.

Associations considering this emerging market will first need to understand the opportunities and business environment as well as learn the fiscal and legal regulations governing US associations operating in India.  Her presentation offered a concise overview of the market potential, the key initial steps one should take and the biggest challenges to be expected as you expand into India.

Following her session, Tarnbir was interviewed capturing some of the key aspects of her presentation.
Here is her presentation deck.

China

Maria Tong, Senior Account Director, AM&C, MCI China, MCI Group presented a session entitled “Working with the Chinese Government: Pathways to Gaining Market Access & Building Demand.”  Maria shared that Chinese authorities are an essential stakeholder for association success as they determine the volume of success you can achieve based on how they support or restrict your efforts.

One needs to discover the key government agencies in China, their purpose, and why they may be a good partner. She urged the audience to identify what is of foremost interest to the government to continue its growth and development in order to adjust your engagement strategy.

Maria shared more of her thoughts and recommendations from her session in this post session interview.
To view her entire presentation, find it here.

Apr 02 2012

US Associations with Global Interests Growing Faster than Peers

At MCI, we often hear from clients about when in their development they should consider focusing “market building” resources outside the US market to drive better product sales and build market share.  Although we find certain activities like regional events can grow brand and product interest in young markets, having a more 24/7 local presence is required to consolidate and expand growth for those associations who derive at least 15% of their revenues from outside the US.

As we have shared often on this blog as well as through presentations, having good market insight into the regional markets you are targeting is a critical first step in reducing risk, clarifying opportunity, and suggesting the right path forward.

In that spirit, MCI is pleased to introduce a guest blog post from Jay Younger, FASAE, Managing Partner and Chief Consultant at McKinley Advisors.  McKinley recently released their 2012 economic impact study of US associations and we are re-posting the following  with permission from their blog. 

At McKinley, we often talk about the tremendous value of longitudinal research. Indeed, we try to continually remind ourselves (and our clients) that while taking a one-time snapshot of member perception is certainly valuable, expanding the research discipline to track key data over time opens up a whole new window on market intelligence and strategic decision making.

Nowhere can we see this more clearly than in our recently released 2012 Economic Impact on Associations (EIA) Study. Marking the fifth installment in our ongoing benchmarking series, the 2012 EIA study provides a glimpse at the current perceptions within our sector as well as clear illustrations of the type of trend data that becomes so valuable in looking at the impact of changes over time.

The good news we saw emerging in last year’s study is evident again, with an even more optimistic viewpoint for the year ahead. While the overall 5-year net membership trends have dipped due to the impact of the recession, retention remains strong with most associations maintaining or improving their retention rates. Respondents are also looking forward to ramping up new investments and hiring in the near term and, overall, 83% of respondents are very or somewhat optimistic about the year ahead. How is 2012 looking for your association?

The McKinley 2012 EIA Study is posted here.

~ Post by Jay Younger, FASAE, Managing Partner and Chief Consultant

It is worth noting that other studies at McKinley completed in conjunction with the EIA show that organizations with a robust international presence are growing membership and revenue in overseas markets at a faster rate than here in the U.S. This continued success in global markets will undoubtedly have implications in the year ahead as associations continue to prioritize strategies around member engagement and value.

 

Mar 24 2012

Healthcare Associations Use Delegate Building to Boost International Meeting Attendance

No matter where you are in the world, the need to maximize delegate attendance is critical.  The problem is finding methods that can be employed effectively across various regions to ensure maximum results.  This article features the delegate acquisition strategy being used by such organizations as the World Heart Federation and the European League Against Rheumatism for their global congresses.

Targeting Ideal Delegate Composition

Delegate registration revenue typically represents between 30-50% of overall international conference revenues and the presence of a rich, diversified, and qualified base of delegates is critical to the entire success of these events.  The key to effective delegate acquisition is to focus a strategy that targets key stakeholdersand business multiplers in select regions where the need for the content to be presented at the conference is greatest:  corporations, academic institutions, government ministries or agencies, and regional association multipliers.  Concentration on group sales among these can be rewarding.

Each target audience will require its own unique, locally relevant value proposition that can directly impact critical business or institutional outcomes.  This is important to appreciate as many delegates coming to such events are approved to attend and so a clear, tangible set of objectives will be desired.

Process for Turning Prospects into Paid Delegates

Effective International Delegate Acquisition requires a holistic approach to guarantees the process doesn’t simply sell prospects what you have without customization.  So it should not be confused with simple cold calling.  It is a process that requires time for the campaign to work as we outline here.

Stage 1 – Delegate Research by Market

A vital initial step is to conduct a review of the key issues relative to the topics planned to be presented at a conference so as to determine where important connections exist that would suggest where, why and how a conference can be important to delegates from that market.  For instance, understanding the latest trends in a targeted region regarding non-communicable disease and how government, private industry, and others are responding is essential data to uncover for use in the next stage.

Stage 2 – Defining Event USPs from the Delegate Point of View

Taking the data collected in the previous step, conference organizers must craft “unique selling points” designed from the delegates frame of reference.  Too often organizations “broadcast generic benefits” to every prospect.  This can lead to missed opportunities and cause prospects to treat the event with little regard, because they don’t see any links to their immediate needs.  Ultimately,  ensuring a conference promotion can align with the key motivations and buying triggers of prospects and those who make the buying decision must be addressed early.

Stage 3 – Prospect Database Building

Beyond an association’s existing member, customer, or prospect database, it is possible to extend the range and scope of prospecting of new contacts through targeted searches among the desired target audience.  For instance,  within a given target market for a medical meeting an association could locate key organizations and institutions like hospitals, ministries of health, medical journals, pharmaceutical firms, etc  and build a list of key opinion leaders and decision makers (e.g. medical directors of hospitals).  Contact information would be fed into the database for activation.

Also, one should not lose sight of the value of sourcing competing events & conferences and build a list of prospects from past corporate sponsors, partners, regional multipliers, media,  journals, etc.  These organizations can offer good prospecting for your own event.

Stage 4 – Registration Fee Strategy

A powerful and convenient selling point with prospects under delegate building is that you aren’t just selling them a conference but you are offering them an exclusive one-stop-shop service to register, book their accommodations, coordinate their obtaining a visa, and arranging any incidental program registration related to your event (if any).  This is like a concierge service to make the whole experience seamless.

Stage 5 – Direct Sales Campaign

Using a combination of email and telemarketing, promotional copy and scripts are composed based on the previous prospect research.  Contact strategy is designed to capture the prospect’s interest through a combination of a clear and simple presentation of USPs as well as questions designed to engage the prospect while making direct personal connection.  At the prospects requests, you could have on hand printed flyers or the ability to send letters of invitation in instances where requests are made.

However, It has been seen that a direct sales campaign is most effective when operated on a local level with a local strategy. For a lot of countries, the marketing pieces are designed in local languages followed by phone calls or even personal visits to key companies or institutions (e.g. hospitals) that generally are responsible for decision making and sending group of delegates to the conference. The personal connection armed with customized sales materials connecting the value of the event to their business is powerful.

For some target organizations and institutions, it is also worth having two way communication – talking to their local office and their regional or HQ office that might be able to influence the budgets for such activities, which also requires a thorough understanding of these organizations in the local market and what their limitations could be.

Stage 6 – Follow up

On occasion, there may be a need among some targeted prospect segments where pickup isn’t strong to offer special schemes to meet attendance goals.  Also any announcements from the conference HQ with updates on programs or special services or discounts should be built into follow up contact.

Stage 7 -Negotiating & Packaging the Deal

In emerging markets especially, it isn’t customary for decision makers to ask for group discounts.  So you will need to be ready to make such offers if you run into hesitance the the issue could be cost.  This is true especially with government or hospitals.

Another potential barrier is one that often affects pharmaceutical, medical device or biotech firms who many want to sponsor delegates to attend but are barred from doing so according to their country’s laws (e.g. India).  In such cases, you can serve as a go between where you can collect the sponsors funds and then contact the targeted delegate prospects offering a “hosted” invitation as the event organizer.  These firms also prefer the agency approach for handling their own group’s logistics rather than deal with it themselves.  Not having such a service can be a barrier. 

Powerful Results!

In our own experience, in just the last 12 months, MCI’s delegate acquisition centers in Dubai (UAE), Delhi (India), and Beijing (China) have generated over $600,000 in new delegate revenue for association client events.

Consider deploying a Delegate Acquisition Strategy and reduce the barriers to attendance today from your international meetings.

 

 

 

 

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