More Related Content Similar to School Market Research (20) More from Iterative Path (10) School Market Research1. Messaging and Branding For A Private School Marketing Research and Recommendations www.IterativePath.com Copyright © 2008 IterativePath.com 2. Our Client Is A Reputed Private School Offers Early Child Care and Elementary Programs Follows Modified Montessori Method of Teaching Selective Admission Process Well Trained Teachers North of $4 million in annual revenues Copyright © 2008 IterativePath.com 3. Our Client Has High Churn Rate and Low Conversion Rate Parents are not transferring their children from Early Child Care to Elementary Parents who visit and get admitted choose not to join Copyright © 2008 IterativePath.com 5. We Mapped These To Specific Questions Parents View on Child Education Where they seek information? Copyright © 2008 IterativePath.com How they make School choices? 6. We Targeted Current Parents, Ex-Parents and Other area Parents Focus Groups with Current Parents & Interviews with Ex-Parents Online Survey of all the Strata Identified Copyright © 2008 IterativePath.com 7. We Identified Major Themes From Our Exploratory Research I don't have an agenda for my child at all… I don't want to be moving schools every year either I don't want my child to be subject to the whims of [public school] politics My kid is in pre-school and you [a school director] are using the H-word ? I thought it [Montessori] was a cult Copyright © 2008 IterativePath.com 8. We Analyzed The Data With Three Techniques Histograms Factor Analysis Regression Analysis 9. Less than 15% Think Private Schools Are Not Expensive Given 70% have an income of greater than 50K, this should be of concern with slowing economy What is it that's going to make parents feel this is $20,000 a year better? 11. Word of Mouth Wins Among Information Sources My Pediatrician recommended this school and we have been very happy Copyright © 2008 IterativePath.com 12. More than 80% Say They Are Satisfied With And Will Recommend Their Current School Caveat : There could be a difference between behavior and attitude Difficult to cause churn away from competitors. Churn in our client school could be to public schools Copyright © 2008 IterativePath.com 13. Four Key Factors That Describe Views on Education Decided on Private Schools Thinking about College Value for Fees Paid Seek Diverse Environment Copyright © 2008 IterativePath.com 15. Montessori Name Is Not A Factor People who know about Montessori have positive impressions Copyright © 2008 IterativePath.com 16. Key Recommendations For The Decision Problems Focus on Academic Excellence and Financial Aid in Messaging Convert your current customers into your marketers Do not actively push Montessori methods You cannot serve all segments! Copyright © 2008 IterativePath.com 17. Our Recommendations May Be Implemented By These Methods Target early – Offer free parenting classes at school to parents of 1-2 year olds Offer aggressive financial aid to parents switching to public school Offer multiple-children incentives – without leaving money on the table Enable word-of-mouth marketing with Bring-A-Friend and Free-Childcare events at the campus Copyright © 2008 IterativePath.com 18. Need More Information? Want to hire us ? Contact us at www.IterativePath.com Copyright © 2008 IterativePath.com