Higher ed has survived for hundreds of years without giving an ounce of thought to marketing since competition was stagnant due to the inability of new entrants into their markets. For-profit and online education changed all that. Now, competition is almost limitless, and many schools will go out of business if they don't take marketing seriously. Infusing marketing strategy and talent to differentiate your brand, academic programs and having a daily focus on inquiry generation are now requirements. Here are some tips on how to organize and what to focus on.
A Critique of the Proposed National Education Policy Reform
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Organizing for Results - How to Build an Effective Marketing Function in an Industry That's Resistent to Marketing
1. Organizing for Results
Developing a Successful Marketing Organization in
an Industry that’s Resistant to Marketing
Jeffrey Rich | Vice President, Stamats
2. Explore 4 Key Topics
#AligningExperts
Institutional
Will
Financial
Resources
Organization
&
Processes
Disruption
of
Education
11. Affordability & Access to Funding
• 3% to 5% annual tuition
increases
• Increased housing and meal
costs
• University textbook conspiracy
• Student loans are tougher to
get
• State & Federal Aid is being
challenged
#AligningExperts
12. What’s Disrupting Education
• Breakdown in geographic barriers to
protection
• Brought about by for-profit online
institutions
• Next traditionals go online
• Universities for the first time need
to compete for market share
• Many institutions lacked the
financial & human resources to
compete
• Many lack the understanding of how
to market
• Escalating Costs / Reduced Access to
Funding
• Result – We Buy Students with Ever
Increasing Institutional Aid #AligningExperts
15. Institutional Will
• Understand that We Are A Business &
Must Sustain Ourselves
• Understand that Price Doesn’t Always
Equate to Prestige
• Develop efficiencies in the business
• Develop revenue growth &
diversification strategies
• Overcome internal “Cabals”
• Develop a culture of progressiveness &
innovation
#AligningExperts
17. Organization & Processes
• Centralized or decentralized
• Tuition-dependent or State-
dependent
• Operate in an environment of
academic skepticism or
professional latitude
• Do you have a President who gets
it and a VP who advocates
• Do you have the financial &
human resources to execute
#AligningExperts
20. Roles of Admissions & Marketing
Departments
• Marketing raises awareness of
the institutional brand, schools
and specific programs
• Marketing develops effective
media strategies and
compelling messaging to
generate inquiries
• Admissions cultivates those
inquiries and converts them to
enrolled students
#AligningExperts
22. Let’s Focus on Marketing
• Build an in-house agency
• Completely outsource
• Hybrid
• Marketing strategy?
• Creative talent?
• Media expertise?
• Traffic & production systems?
• Digital & analytics?
#AligningExperts
23. Developing an Effective Marketing Organization
#AligningExperts
President
VP
Marketing
& EM
Marketing
Planning
Creative Web
Public &
Media
Relations
Media
1. PR Director
2. PR Assistant
1. Agency or
Freelancer
1. Traditional UG
2. School of Bus.
3. School of Ed
4. School of H.S.
5. etc..
6. etc..
1. Art Director
2. Copywriter
1. Web Developer
2. Web Developer
• 8 Minimum FTE’s (+VP & Prez
who get it)
• Still need to supplement with
agency or freelance
24. #AligningExperts
President
VP
Marketing
& EM
Marketing
Planning
Creative Web
Public &
Media
Relations
Media
1. PR Director
2. PR Assistant
1. Agency or
Freelancer
1. Traditional UG
2. School of Bus.
3. School of Ed
4. School of H.S.
5. etc..
6. etc..
1. Art Director
2. Copywriter
1. Web Developer
2. Web Developer
You can’t cover
everything. Figure
out what needs
support & what can
survive on its own.
Developing an Effective Marketing Organization
25. #AligningExperts
President
VP
Marketing
& EM
Marketing
Planning
Creative Web
Public &
Media
Relations
Media
1. PR Director
2. PR Assistant
1. Agency or
Freelancer
1. Traditional UG
2. School of Bus.
3. School of Ed
4. School of H.S.
5. etc..
6. etc..
1. Art Director
2. Copywriter
1. Web Developer
2. Web Developer
Do they have the
talent to create
conceptual
advertising?
Developing an Effective Marketing Organization
26. #AligningExperts
President
VP
Marketing
& EM
Marketing
Planning
Creative Web
Public &
Media
Relations
Media
1. PR Director
2. PR Assistant
1. Agency or
Freelancer
1. Traditional UG
2. School of Bus.
3. School of Ed
4. School of H.S.
5. etc..
6. etc..
1. Art Director
2. Copywriter
1. Web Developer
2. Web Developer
Mission Critical.
Should be Handled
In-House
Developing an Effective Marketing Organization
Mission Critical.
Must be Handled In-
House
27. #AligningExperts
President
VP
Marketing
& EM
Marketing
Planning
Creative Web
Public &
Media
Relations
Media
1. PR Director
2. PR Assistant
1. Agency or
Freelancer
1. Traditional UG
2. School of Bus.
3. School of Ed
4. School of H.S.
5. etc..
6. etc..
1. Art Director
2. Copywriter
1. Web Developer
2. Web Developer
Developing an Effective Marketing Organization
Will Address in
Afternoon Session
28. Processes
• Workflow management
– Strategic & Creative Briefs to
define strategy, required
creative assets, messaging,
calls to action, etc..
– Creative asset development &
trafficking system
– Analytics & ROI assessment
– Research/consumer insights,
approval processes,
stakeholder buy-
in/socialization
#AligningExperts
30. Most Often Asked Questions
• How much budget do I need?
• How much budget do I need?
• How much budget do I need?
• How much budget do I need?
#AligningExperts
32. Experience Matters
• Media dollars = Inquiries
• Marketing & media planning are
about determining “best use”
– The way you spend $25K is much
different than how you would spend
$250K
– Defusing your media spend reduces
its effectiveness
– Often better to reduce your breadth
of media
#AligningExperts
34. Cost per Inquiry
#AligningExperts
Do you have a "cost per inquiry"
for nontraditional, adult
Bachelor's degree students?
Base: Responsible for
nontraditional, adult Bachelor
degree programs n=148
Recognizing different costs may apply
to different programs, what is your
estimated average cost per inquiry for
nontraditional, adult Bachelor's degree
students? Base: Respondents stating
they had a cost per inquiry. n=40
35. Cost per Inquiry
#AligningExperts
Do you have a “cost per inquiry”
benchmark for Master’s degree
students? Base: Responsible for
Master’s degree students n=165
Recognizing different costs may apply
to different programs, what is your
estimated average? Is your cost per
inquiry for a Master’s degree student…?
n=29
36. Cost per Enrolled Student (CPES)
#AligningExperts
Do you have a “cost per enrolled
student” for nontraditional,
adult Bachelor’s degree
students? Base: Responsible for
nontraditional, adult Bachelor
degree programs n=150
Recognizing different costs may apply
to different programs, what is your
estimated average cost per enrolled
student for nontraditional, adult
Bachelor’s degree students? Base:
Respondents stating they had a cost per
enrolled student, n=41
37. Cost per Enrolled Student
#AligningExperts
Do you have a “cost per enrolled
student” for Master’s degree
students? Base: Responsible for
Master’s degree students n=165
Recognizing different costs may apply
to different programs, what is your
estimated average? Is your cost per
enrolled Master’s degree student…?
n=29
38. Know Your Metrics - Set Your KPI’s
Act on Metrics
• Conversion from inquiry to application to
enrollment
• Cost per impression
• Cost per click
• Click-thru rate
• Cost per piece
• Cost per name
Manage to KPI’s
• Cost per enrolled student for UG & Grad
• Cost per Inquiry for grad/non-traditional
#AligningExperts
39. Adjustments
• Recognize the difference between
traditional undergraduate & graduate level
marketing
• Understand which programs need
marketing support & which don’t
• Recognize you will get self-generated
inquiries & enrollments
• Use your CPI & CPES metrics to refine the
accuracy of your projections
• Recognize different programs will have
different media formulas
#AligningExperts
40. Afternoon Session
Today @ 4:00
How to Become an Effective
Media Planner for Your Institution
#AligningExperts