Neighborhood associations are critical to enhancing community life, offering a unique opportunity to foster local-scale investments or programming that directly benefits the neighborhood. Beyond traditional funding methods, there are untapped revenue streams that could significantly boost your association’s ability to serve your neighborhood.
Revenue streams you might not have considered
- Membership Dues: By enhancing membership value (see “related article”), you can attract more members and justify higher dues, increasing your revenue base.
- Advertising: Leverage your association’s communication channels for local business advertisements (i.e., print, digital, other).
- Business Sponsorships: Partner with local businesses for event sponsorships or neighborhood projects. Offset costs for the programming to ensure all proceeds go to your cause.
- Events: Organize community events that generate revenue through ticket sales, concessions, and more. These events also lend themselves to a healthy amount of small donations as a thank-you or recognition to the association. Make donating easy!
- Merchandise: Sell neighborhood association branded merchandise as a way to boost spirit and revenue.
- Public Grants: Apply for grants aimed at neighborhood/community development and improvement projects.
How neighbor.exchange can help
Our platform is designed to streamline the management of these revenue streams, from tracking membership dues to promoting events and sponsorships. By utilizing neighbor.exchange, associations can effectively manage and grow their funding sources, ensuring a sustainable cycle of reinvestment in their neighborhood and community.
Need a website to support ways to unlock new revenue? Visit the neighbor.exchange site for a demo now!
