Are You Ready to Weather the Admissions Perfect Storm? Florida Higher Education SummitJeff Kallay, VP Consulting, “Apostle of Authenticity” TargetX
Managing Expectation Overwhelm you with information I don’t have all the answers, you won’t agree with meYou’re educated and smart; take what is relevant to you The Perfect Storm How to weather and thrive Questions and Answers Download PDF at in www.targetx.com/slideshare
Millennials Rebooted Regonize 2nd Cohort. Post Great Recession. Shift from Boomer Helicopter to Xer Stealth. Parents want ROI. Financial Aid knowledge is key! Cut through the hype.Online and In-Person support work in tandem.
GI Generation (’01-’24)Silent Generation (’25-’42) Baby-Boomers (’43-’60) Generation X (’61-’81) Millennials (’82-’00) Homeland or iGen (2000-current)
Boomer Parents GenX ParentsBorn in 1982Graduate College High School Elementary School “New Silent Generation”
“A generation that can sneakily trump boomer X narcissism and millennial entitlement.” Jeff Gordiner, “X Saves the World: How Generation X Got the Shaft but Can Still Keep Everything from Sucking”
About Generation X Born and raised as independent latch-key kids. Sexual Revolution, Watergate, Vietnam, Gay Rights, High Divorce Rate, Recession and Woman’s Movement peppered their youth. Demonized by Hollywood: Rosemary’s Baby,The Exorcist, Taxi Driver, Pretty Baby and The Omen.
About Generation X Playing to win by half expecting to lose. Accepting wide gaps between personal outcomes and sex roles.Proud of their ability to cut through the hype.
About Generation XBecoming cautious in family life and gradually mellowing in personality. Dedicated to starting and maintaining stable families, something their Silent generation parents did not.
“Loan crisis goes to college.” CNN Money.com, May 2010“College loans are the new subprime crisis” New York Times, June 2010 (TargetX’s Trent Gilbert said this in April) “Credit crisis hits student borrowers.” The Boston Globe, April 2010
46%Colleges with Students Stopping Out Impact of Economy on Enrollment, NAICU, October 2009
22%Enrolling Fewer Returning Students Impact of Economy on Enrollment, NAICU, October 2009
29%Smaller Freshman Classes than Expected Impact of Economy on Enrollment, NAICU, May 2010
Meeting Operating Expenses The Common Fund Freezes Paying Off or Pausing Capital Improvements Increased Discount Rate Largest Increase from Employee Benefits Frozen or Cut Professional Development Expenses Staff Reduction
How much of whatschools are offering can be called education?“College should be a cultural journey, an intellectual expedition, a voyage confronting new ideas and information, togetherexpanding and deepening our understanding of ourselves and our world.”
Questions We’re Asking Will students go to school closer to home? Will they “go away” to college? How will you encourage them to visit? How is your financial aid strategy adjusting?Are you prepared to answer cost questions earlier? How well trained are you (recruiters) on aid?
Questions We’re Asking Are you in Growth or Retreat Mode? What are you doing to cut costs? Will you (recruiting staff) travel less?
Traditional Recruiting Undergraduate Recruiting in Junior Year Direct Mail Search Campaigns Letter Series-Based Communication Plans Viewbooks, Roadpieces, Department Brochures Large Open Houses, Info Sessions and Group ToursHigh School/Company Visits & College/Graduate Fairs
Where MostColleges Are Today Special Thanks to Bob McCullough, Case-Western Reserve University
84%Use the College’s Website Most Heavily in their Research Eduventures, 2008
Rethink the Budget Distribution Print vs. Web, On-Campus vs. OffStop the “have to” Activities (hint: start with travel) Avoid the many online marketing fads - calc ROI!Focus on what WILL work - Not what ALWAYS worked Doesn’t necessarily mean additional funding
Takeaway Preference for Electronic Communication Want Details on Cost and Financial AidDesire to Connect with Students and Faculty Use “New” Communication Tools
2. Embrace Authenticity “We are searching to get a grip on what counts for people in their personal and business lives.” Pine and Gilmore’s website authenticitybook.com
InauthenticityThat is the fundamental problemwith advertising: it’s a phoniness generating machine.
InauthenticityThe easiest way to be perceivedas phony is to advertise things you are not.
Rendering Authenticity “Stop saying what your offerings are through advertising and start creating places--permanent or temporary, physical or virtual, fee-based or free--where people can experience what those offerings, as well as your enterprise, actually are.”
1. Know who you areDon’t try to be all things to all people The Ohio State University
2. Say who you are/declare something Draw a line in the sand Baylor University
3. Hop on the Cluetrain (talk with, not at) "Markets are conversations.Markets consist of human beings, not demographic sectors. Conversations among human beings sound human. They are conducted in a human voice. University of Texas American University
4. If you’re afraid to say it, say it“Average Students Thrive Here!”“80% of what I learned happened outside of the classroom.”
5. Keep it real SACAC 2008 Survey of 200+ high school seniors“I believe that imperfections show character. Thats what I was looking for in a college. A school that seemingly has no flaws during a one hour information session (and tour) not only stands out negatively, but it comes off as bland and ordinary.” Read the complete survey results Password: sacac
6. Champion stories (not statistics) St. Edward’s University
3. The Experience IS the Marketing 1. Repelling commodization 2. Charging a premium price 3. Persuading consumers to pay when they never did before 4. Selling “Memories”
“The experience is the marketing.”Arts & Science Group Student Poll 2004
The experience is higher education marketing- 84% use the web most heavily in researching colleges- 71% say the campus visit is the most trusted source of informationEduventures 2007 Survey of 7,867 High school junior and seniors.Reported in The Chronicle of Higher Education “Prospective Students Rely on Campus Visits and Web Sites to Learn About Colleges, Report Says”
Campus Visit in Record #’s In Step with tradition: Campus Tours thriving
It’s all about the experience! Read the New York Times Article
Unique (and Authentic) Read the US News and World Report Article
Tour Guides Matter Read the St. Louis Post Dispatch Article
Campus Tour Go Disney Read the Washington Monthly Magazine
“I visited campus and it felt right!” LA Times Article: On vacation -- at a college campus Read Trent’s blog post
“I visited campus and it felt right!” But most college tour scripts are numbingly similar, and information is not really the point. Students and their families are looking for the ineffable moment when, through some alchemy of atmosphere, setting or vibe, they suddenly know this is the place for them. LA Times Article: On vacation -- at a college campus Read Trent’s blog post
Connect with best fit students Hendrix College
Let go Remember, you’re not in control. Remember, they don’t trust marketers. Remember, they are talking about you anyways. Remember, they want to figure out the truth.Remember, their parents are talking about you too.
Be a change agent!Don’t lead change because it makes sense. Lead change because you believe you must get ahead of an approaching “discontinuity” in order to survive. Jack and Suzy Welch, BusinessWeek, October 2008
Want More? Read Our Blogs: TargetX Blog at www.targetx.com/ithink/
Free on Friday Webcasts Free On Friday Webcasts Watch Past Webcasts
Are You Ready to Weather the Admission Perfect Storm? Florida Higher Education Summit targetx.com/slideshareJeff Kallay, VP Consulting, “Apostle of Authenticity” TargetX email@example.com