Start An Association Management Service Business - Business Ideas

Updated: September 15th, 2022
Start An Association Management Service Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting an association management service business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell association management service, or selling association management service online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an association management service business ➜

Key Stats

market size
$242B
starting costs
$11.7K
gross margin
90%
avg product price
$100
time to build
210 days
growth
Organic social media
business model
Subscriptions
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Successful Businesses

Business URL Rank

Association for Supply Chain Management

ascm.org

96,228

Association for Information Systems

aisnet.org

108,435

Tendenci - The Open Source AMS (Association Management Software

tendenci.com

132,825

International Franchise Association

franchise.org

146,516

ASAE

asaecenter.org

164,136

Medical Group Management Association

mgma.com

234,211

Institute for Supply Management

ismworld.org

280,526

RealManage

realmanage.com

477,385

Legal Marketing Association

legalmarketing.org

479,220

HOA Management

hoamanagement.com

539,183

RMA

rmahq.org

590,283

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a association management service business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a association management service business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your association management service business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Cons Description

Crowded Space

Competition is high when it comes to your association management service business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A association management service business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a association management service business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a association management service business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a association management service business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a association management service business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

    Learn more about affiliate program ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Email marketing

    Email marketing is the act of sending a commercial message to a group of people using email.

    Marketing via email is a highly effective strategy used by entrepreneurs to advertise, request business, or to build brand awareness.

    According to Backlinko, shoppers spend more when marketed to through email, compared to those who do not receive email offers.

    Therefore, email marketing is an essential tool that helps entrepreneurs to reach target audience.

    Learn more about email marketing ➜