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Organizing for Results
Developing a Successful Marketing Organization in
an Industry that’s Resistant to Marketing
Jeffrey Rich | Vice President, Stamats
Explore 4 Key Topics
#AligningExperts
Institutional
Will
Financial
Resources
Organization
&
Processes
Disruption
of
Education
Afternoon Session
#AligningExperts
Media
A Bit About the Speaker
#AligningExperts
Jeffrey Rich
Vice President
Higher Ed
Government
Agency
Corporate
#AligningExperts
Disruption of
Education
#AligningExperts
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
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
Institutional
Will
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
Organization
& Processes
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
Marketing Reports To…
#AligningExperts
To which unit of your institution do you report? n=207
Mostly Centralized Marketing
#AligningExperts
How are the following functions at your institution organized? n=207
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
These Functions Need to Work Together
#AligningExperts
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
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
#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
#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
#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
#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
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
Financial
Resources
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
The Answer – How Much Have You Got?
#AligningExperts
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
Setting Your Budgets
#AligningExperts
Inquiries (X) Conversion Rate (=) Enrolled Students
CPI (X) Required Inquiries (=) Marketing Budget
1,000 (X) 10% (=) 100 Enrolled Students
$115 (X) 1,000 (=) $115,000
CPES (X) Required Enrollments (=) Marketing Budget
$1,500 (X) 100 (=) $115,000
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
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
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
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
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
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
Afternoon Session
Today @ 4:00
How to Become an Effective
Media Planner for Your Institution
#AligningExperts
#AligningExperts
Thank you!
On-Campus Workshops for Marketing Departments, President’s Staffs &
Boards. Look for Upcoming Webinars
Jeffrey Rich | Jeff.Rich@Stamats.com | 319.440.6670
Please complete the session evaluation at: insert web address here

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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
  • 4. A Bit About the Speaker #AligningExperts Jeffrey Rich Vice President Higher Ed Government Agency Corporate
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  • 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
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  • 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
  • 18. Marketing Reports To… #AligningExperts To which unit of your institution do you report? n=207
  • 19. Mostly Centralized Marketing #AligningExperts How are the following functions at your institution organized? n=207
  • 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
  • 21. These Functions Need to Work Together #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
  • 31. The Answer – How Much Have You Got? #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
  • 33. Setting Your Budgets #AligningExperts Inquiries (X) Conversion Rate (=) Enrolled Students CPI (X) Required Inquiries (=) Marketing Budget 1,000 (X) 10% (=) 100 Enrolled Students $115 (X) 1,000 (=) $115,000 CPES (X) Required Enrollments (=) Marketing Budget $1,500 (X) 100 (=) $115,000
  • 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
  • 42. Thank you! On-Campus Workshops for Marketing Departments, President’s Staffs & Boards. Look for Upcoming Webinars Jeffrey Rich | Jeff.Rich@Stamats.com | 319.440.6670 Please complete the session evaluation at: insert web address here