[CW] Attention: Life Members ARRL

[sbjohnston at aol.com]

Some organizations start offering life memberships or subscriptions when they are in need of an immediate cash infusion.  Other more prudent outfits (maybe ARRL) start doing so when their calculations show that the money they receive for the life membership up-front will earn them more than the cost of servicing the individuals' membership/subscription over the long-term.  
For example, investing the life membership money for John Smith should produce more income than it would cost to support that member for XX years.  No need to be "losing money" unless your cost growth expectations turn out to be out of whack relative to investment growth.

Don't forget that the members/subscribers take a risk too.  Think of all the people who bought a lifetime subscription to 73 Magazine, for example, and then it went entirely out of business.  I don't know if Ham Radio or CQ Magazine offered lifetime subscriptions but they're both gone too with no recourse.


Steve WD8DAS   

sbjohnston at aol.com   
http://www.wd8das.net/   http://af4k-crystals.com/   
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    On Wednesday, April 3, 2024 at 04:55:33 PM HST, Radio KH6O <radio.kh6o at gmail.com> wrote:  
 
 The problem with life membership (for me, both NRA and ARRL) is that it's a one-time payment, and after X years, that organization loses money on that lifer. No company/corporation/business can continue to exist once its expenses exceed revenue. 
Can you imagine if I'd purchased an ARRL life-membership back in the 1970s -- I think it was maybe $75. The League would have been losing money on me after just a decade.
Jeff KH6O______________________________________________________________
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