Starting out slow is one key to enrollment success

Everyone wants instant results. That's why people check their smart phones 30+ times a day, or drive 10 miles/hour (or more) over the speed limit, or get frustrated when getting a Latte and they have to wait for an extra 4 minutes for the person in front of them to get their custom order. I would say that it's time to slow down. Why? When waiting for a Latte, or driving fast may get you results more quickly, you are also not committing to getting a degree that will take years, and cost tens of thousands of dollars.

So, what can you do? I would propose that there are three basic types of people out there. The first are ready to move forward, They have made the decision to complete their degree, or get an advanced degree and it's all a matter of picking the best school for them! Second, are those that have flirted with the idea of going back to school but haven't decided on committing the time and energy needed to get a degree. This is a harder sell and is filled with people with MANY reasons not to go back to school. Third are those prospects who have NO interest in going back to school. The time, effort and money don't seem to meet their needs.

So, what can you do about group two? My guess is that there are two approaches to this group. The first is to mail them, email them, see if you can give them a reason to go back to school through the long process of beating down their defenses until they block you, or register. The second, and I think the best way, is to offer an incremental step for them to get back to school. Beyond the cost of getting a degree, you will have family, job responsibilities, lifestyle/recreation conflicts. Until most of these are analyzed and resolved, the prospect will have a great deal of difficulty in returning to school.

So, how do we do an incremental prospecting program? Start small, offer a low cost entry level class for them to take so they get used to being on campus. Make it easy for them to return to school, make the credits apply to their ultimate degree and see what happens. Think about this for a minute. You're a retailer looking to attract new customers and you sell $2,000 televisions. Do you push the $2,000 system up front? Maybe you do one time, but the best way is to offer a smaller item first, maybe a $75 pair of ear buds. then the next sale is a $250 clock/radio/alarm. From there you increase the offers to something in the $1,000 range and finally their prospect is ready to buy the $2,000 TV.

The point is, you get them used to the fact of buying, going to school. And over time, up sell them to getting their degree. Instead of them committing to a $40,000 degree program, they are committing to a $1,500 class that can lead to the full degree. Quit thinking about what the institution needs (I know, that's hard to do), but rather, think about what your prospect is thinking and what their needs are.

Start small, one step at a time, and ultimately you will have full classrooms. In the mean time, you will have new students to "sell" on the idea of coming back and completing their degree.

For more information or to visit our website go to www.marketmappingplus.com/education. or write david@marketmappingplus.com.

What medium works best for different Adult Prospects?

I find this an interesting topic. When I started Market Mapping plus back in 1990, one of my mantras over all these years has been "Track response". Why? If you don't track where your prospects and students are coming from, how do you know where to allocate resources?

Yes, 26 years later I keep asking clients "what gives you the best response?" and they have no idea. The opportunities for spending your marketing dollars are expanding significantly. In the past, you had direct mail (postal) as one of the only and primary methods of advertising. Since then the market has expanded to include Billboards, Facebook, Instagram, Snapchat, Twitter, the CAS Devices (like the Amazon Echo) which are new technologies that dilute your marketing budget. But how do you decide which method to fund?

I had a client many years ago who hired me to evaluate their Adult Student marketing program. I evaluated all of the methods of advertising, told them to start keycoding ads/direct mail pieces to identify where a lead came from. After the first quarter of testing this new coding system I had a meeting with the VP of Enrollment Management and asked him which methods were the most effective? He gave me his top 3. Of his top 3, there were zero leads from the top two. The #1 method of advertising was direct mail postal postcards. Marriage mail and newspaper insert programs generated nothing in terms of response. So they reallocated their budget to become more effective in their marketing efforts.

The ultimate question is "How do we track all of these marketing programs?". The key is integrating some method of knowing where a lead came from. For printed marketing materials a user code to identify the source of the lead, and in some cases, the source of the name. Where did it come from? What list? For Facebook, Snapchat, Instagram, Twitter use a unique code to identify where a lead got motivated to contact you and enroll.

There is an easier way to track campaign success. For every Adult Student who enrolls, give them a short survey. Ask them what got them to enroll to get their degree. This is the best and easiest method of finding out what's working.

If you need help setting up a quality tracking program give me a call. David Fant, Market Mapping plus Inc. at 616-956-7129, or write me at david@marketmappingplus.com.

What makes a strong offer?

The first questions is, what is an offer? We all know the answer to that so I won't go to the Dictionary to give you the formal definition of an offer. Yes, is the word "offer" the right word? The offer states what you would like someone to do. Whether you are selling toothpaste, a car, a college education the offer creates the groundwork for a prospective student to decide to move forward and actually buy.

Remember the offer is the first step in the sales process. Your goal is to get people to buy, not browse and "kick the tires" so to speak. So the offer has to have some serious incentive to get someone to move forward. Let's look at a couple of examples.

You are selling a tube of toothpaste for $2.95/tube but the offer is $.50 off the retail price. The savings is 17%. Not an insignificant savings.

You are going to buy a car, It's retail value is $15,000, you offer a $1,500 discount plus a trade-in guarantee of $1,000 for a total savings of $2,500. The savings for this offer is 16.6%.

Now, you send out a mailer, offering a student a degree completion offer with a total projected cost of $20,000 and you offer to waive the application fee (estimated at $75). The total savings for this offer is .37%. Pretty pathetic when you compare your offer to offers people see every day in the overall marketplace.

People have come to expect something for their investment. Whether it's toothpaste, a car, or an education. I find, that most Higher Education institutions don't recognize the fact that to attract more students (note, I did not say prospects) they have to give them something that they consider valuable! And keep in mind, that doesn't have to be money. Meeting the needs of a busy family, a tiring job, a busy work schedule and around hobbies and other areas that conflict with them completing their degree can be more valuable than a cash outlay. However, it's YOUR job to translate the intangible benefits of your institution into a strong offer.

One negative example comes to mind. I have a good friend, single mother, child under the age of 10, who was working on completing her degree. She registered for a class, started taking it, and due to a work/child scheduling problem missed two classes. When she returned to class after her mini crisis she was told by the professor, she had been dropped. She knew, going in, that she was only allowed one absence/semester. Now, this may have been a totally unreasonable professor (by the way, it was a required class) yet, had the institution had a resource to help her work through that issue this could have been a huge offer to make. We have an office to help you with a flexible schedule. Had this institution done that she would have remained in school or that class she would have felt wonderful. As it was, she finished her other class, dropped out and completed her degree at another local institution.

On the other hand, a positive example. A Midwest University wanted to increase enrollment to their degree completion program. After three email deployments, 75,000 each they ended with 112 new REGISTERED students. How? They offered each of them a $1,000 scholarship, no strings attached. It's the offer and how you communicate the offer to your client that makes the difference.

My recommendation is, don't think institutionally, think like a prospective student. What do they want and from there, create the best offer possible. The offer is what get's them to buy.

Why prospect three times a year, when potential students are looking for degree information on a daily basis?

My past 23 years has taught me a few interesting things about Universities. First, and foremost they are "traditional" in their approach to marketing. They think that there are two key semesters per year, and one summer session (by and large). So, they market three times a year. Yet, prospects are a fickle bunch. They go on line, research for information and want to make a decision when THEY are ready, [...more] not when you advertise to them. So, the question becomes, how do we reach prospects when they are doing their immediate search, OR, as close as possible to the time when they are doing their research.

As most advertising articles will tell you, customers frequently select an item based on their last impression. What I am saying is, when presented with a number of options to buy from a given company/institution, the one that last contacted them (or, in the case of Higher Education was the first) is the one they choose. Degree program offerings, cost, location are all factors, but when you get right down to it, if you have the right program, at the right price in the right place, you will capture them as a student simply because YOU were the one to contact them.

Let's say there are 20 different institutions of higher education in your market area. Prospects are confused, curious as to which one is best for them, and yet, the one that is responsive, contacts them first, follows up with good information in a timely manner will likely win. So, how do you do that?

Change your mindset from marketing three times a year, to marketing monthly, weekly and if possible daily! Imagine one week after searching for a degree program in business, a prospect gets an e-mail from your institution offering them a free consultation (for not only the student, but their family as well), give them a counselor that is uniquely theirs to contact, invite them to visit a class, whatever you are able to offer to get them moving forward. They expressed interest in completing their degree or getting an advance degree only 4 days ago. Now your message goes out, offering to help! Kind of like setting up a school Concierge program.

We do the e-mail campaign, you get the response in a timely manner. Change how you think about marketing. Focus on what the prospect wants TODAY. A quick reply to their search. Market Mapping plus LLC can make that happen. Contact us today for a quote and to discuss how to implement a program that targets your best audience in a timely way.

When did you last talk to one of your adult students?

When did you last talk to one of your adult students?

This is an interesting question that often goes unanswered. Why? Most of us are sitting in our offices, toiling away at each daily project given to us by our boss, a department head or some other project that is critical for our institution's success. We know there are adult education classes on campus (or on a nearby campus) and we know that there are students in those classes (after all, we in Marketing were instrumental in getting them there) yet, we rarely if EVER go talk to them! The excuses are many. "These are night classes, I have to be somewhere." or "What can they tell me? What would I ask them?" or maybe "I don't get paid any extra to stay late and track down these classes, talk to the professor, get permission to talk to a few of the students either before or after class, what a hassle!"

Well, let me tell you, you are missing a fabulous opportunity for some primary market research. Research that will answer any of the following questions:

·         Why did you decide to get your degree from XYZ University?

·         Was cost an issue to you?

·         Who influenced you in your decision to attend our school?

·         Have you had a good experience while attending classes here?

·         What were your expectations when you first started and what are they today?

·         Is there anything specific that you can tell me that made our institution stand out in your mind when looking for a (degree completion, advanced degree) program?

Imagine what you could do with all of that information! Say a majority of the students reference location as a key motivator. If there are a few students who have that point of view, I guarantee there are others who have the same issue. What if they say "fear" was a roadblock to going back to school. Fear of failing. Fear that they will be the oldest person in the class. Fear of not having enough time for work, class, family and hobbies. Ask them how they conquered their fear. Learn from them.

As with direct marketing, each mailing is a new test. What are you testing? If you don't know the answers to the above questions (and those are the tip of the iceberg) you have NO idea how to market your institution. Ask, learn, grow, test new ideas. That's what direct marketing is all about. The ability to test new ideas, new thoughts, new markets. But without a sound basis for the testing you're just wasting dollars and time.

Focus on learning as much as you can about your audience, not only demographically but also psychographically. Get out of your office. Walk around campus, set up a routine EACH semester to visit at least three different adult education classes and talk to the students. If you feel up to it and have the budget (ok, stop laughing now) invite a class to dinner on marketing. A small investment in a few meals will reap huge rewards with marketing success.

Contact David@marketmappingplus.com for more information on how to identify and reach your target markets.

Have realistic expectations.

Expectations!

What is it about marketers and marketing that makes us suddenly think we are the exception to the rule. What I mean is, we market our University in a way that we ourselves would never respond to. This may be a bit of a stretch, but let me offer a story to help explain my position.

You're sitting in your home either reading the mail, or scrolling through e-mails. There in front of you is an offer from a local car dealership (one you know well). The marketing piece goes on to explain that you can purchase a brand new car, with great features, mileage, styling for only $28,500. You, of course, have been thinking about a new car so you head to the dealership, walk in, tell the salesman you'd like one of their cars and put down your check for $28,500.

Interestingly enough, I doubt any of you would do this. You research the car, IS IT your style? Does it get good gas mileage? What is the repair history on the vehicle? Will it suit your family either in size or comfort? So you research,  check to make sure that THIS is the car for you.

Now, let's fast forward to marketing your University. You prepare what you think is the perfect e-mail campaign, or postal campaign, You drop one message and expect people to flock to your door eager to plunk down $28,500 in tuition for an institution they may know of, but actually know nothing about. How do students actually make a choice as to what school to attend. Either to complete a degree or to get an advanced degree. They do exactly what you would expect them to do. They research, look at who attends your institution, what graduates have done, how much will it cost, will it fit in the family schedule or lifestyle.

There was a time when the expectation was that you needed three contacts before someone was willing to make a buying decision. Yet, most Universities market once, maybe twice and expect prospective students to sign up and attend. Today, the rule of thumb is more around 20 impressions. Now, don't get me wrong, but reality is more than 3, less than 20 for most people. But this includes all forms of impressions. Radio, television, billboards, web surfing, direct mail, e-mail, personal referrals, LinkedIn, Face Book to name a few. All of these give the prospect some idea as to what your institution is all about. So, why do schools constantly do a single, or two marketing campaigns, get few if any responses and then dub "direct mail", "e-mail" a failure? In fact, it's not a failure, you simply didn't give the prospect enough information or time to make an informed decision.

As with buying a car, students need to focus on their needs. For example, if a student is concerned about going back to school they may be asking themselves "Can I do it?". You should offer them a free course to take as a warm up. A course that WILL apply to their degree! You invest in them, they will invest in you. It's in a way, a two month free trial. It's time that schools focus on what it really takes to sell someone on attending their institution. Information, frequent contacts and understanding that THEY are the most important person attending your institution. Give them a free class, one that will get them used to coming on campus, sitting in class and I will bet they will keep coming back.

Ideas from a Graduate Admissions Marketing Conference

I recently attended the Stamats Graduate Admissions Marketing Conference as one of their Corporate Sponsors. This was an enlightening conference that was filled with tips, techniques and ideas for targeting, reaching and communicating with graduate program prospects. Some of the most important ideas that I heard revolved around Web Analytics and the need for better, consistant tracking of your website, e-mails and social media.

HiPPO's- What they are and how do you deal with them?

One of the first items that struck me was the term HiPPO. NO, not an African animal, but a HiPPO is defined as the Highest Paid Person's Opinion. What this means is that when putting marketing plans together, the HiPPO will wield their power, not from knowledge but from their position of power. Whether it be the President, a Board member, a Dean, all of these people will influence your marketing decisions based on their perceptions, not based on fact. The most effective way to deflect a HiPPO is to develop quality analytics. Facts ALWAYS will take the power away from any detractor or power pusher since your facts trump anyone's opinion.

Hits- No, not the Soprano's or Elton John

This was an interesting topic. We always hear about how many "hits" your website has. Yet, most of us don't realize just what a "hit" is. Basically, if you have a home page with 14 graphics and text in it, when a visitor arrives, each picture will download. Suddenly you have 14 hits, yet, only one visitor. If 5 people visit you will then have 70 "hits". Not exactly what you wanted to know. You think you're doing great, but only had in reality 5 visitors.

When tracking website performance look at VISITORS, not hits. How many visitors did you have, how long did they stay on your website? What pages did they navigate to or did they abandon the site immediately. These are the telling statistics that you need to understand in order to build a case against your resident HiPPO.

Lifetime Value of a Student.

This was an interesting topic. I have used Lifetime Value of a Customer for many years with my retail and non-profit clients. Whenever I attempted to apply this idea to higher education I arrived at the conclusion that the lifetime value was while students are in school. Once they graduate, there is no value of a student. Boy, was I wrong! In reality while your student is attending your school, they have a great deal of value. But on graduation, that value changes from active student to Alumni. They join as an alumni, contribute to annual campaigns (I do this myself to the University of Minnesota), they create bequests and corporate giving programs. All events that can be quantified, evaluated and used to determine the true lifetime value of a student. 

Google Analytics

There is nothing more powerful than being able to see results as they happen on the web. You send out an e-mail campaign, you will se a jump in web results. Send our Direct Mail, see a spike in visitors. You will see where people are coming from, or where they are going. You can determine if people are spending time on your website, only to abandon it when something isn't there or doesn't work. We have a local Community College with many broken links. My wife has been looking into this school, yet, whenever she tries to find more information she tends to find a broken link. Analytics can help you identify these problems but they require you to actively look at what is going on with your site.

Remember, knowledge is power. The more facts you can bring to the table, the more effective you will be in deflecting your HiPPO's and that Dean who feels his course with 5 students should be on the home page. Google analytics has become easier to use, and much more effective in what it tracks. Take a few minutes to learn how to make it work. I know I will be doing that for MY firm.

I have other thoughts and they will follow shortly. These are some of the key ideas that I observed over the 2 day conference. If you have any questions or need any information about how Market Mapping Plus can help you effectively reach YOUR target audience, just let me know.