Converge 2014: What's So Relational in Today's Adult Relational Market? - Stewart
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This document discusses relational marketing strategies for adult students. It notes that today's adult student market is highly competitive, so institutions must engage students in a more intentional way by meeting them where they are, learning their individual goals and needs, and providing customized experiences and flexible options. The document advocates treating each student relationally by getting to know their personal situation and staying in regular communication throughout the enrollment process to build strong relationships. It also stresses the importance of tracking enrollment data closely and having a well-managed communication plan to support enrollment goals.
Converge 2014: What's So Relational in Today's Adult Relational Market? - Stewart
- 1. What’s So Relational in Today’s Adult Relational Market?
- 2. Tammy Stewart, M. Ed. Associate Vice President, Concordia University Texas as • 17 Years in Adult Higher Education • Academic, Admissions, and Marketing • Proprietary and Private Non-profit • Vice Chair – CAP • Board Member Texas Women in Higher Education • B.A.-Speech- The University of Texas • M.Ed.- Curriculum and Instruction-CTX • Doctorial Student-Concordia University Chicago
- 3. Background of CTX • Founded in 1926 • Accredited by SACS-COC • 22 undergraduate majors • 5 ADP bachelor degree options • 2 graduate program online, 5 undergraduate • 2 graduate degree options • Student-to-faculty ratio is 18:1 on the main campus • Four remote center locations
- 4. Adult Student Recruitment Past • Plan a program, open the doors • Higher education has barriers that are complicated to navigate • Not a system for access • At their age they will decide for themselves if this is right for them or not • We aren’t really for you, but if you must, please come at night, in the basement, and don’t disturb • Why should we let you come?
- 5. Adult Recruitment Today • Highly competitive market • Due to the busy lives that adults live, higher education is being required to push the limits of convenience and flexibility • Increased competition has led us all to engage adult students in a much more intentional way • Expanded access to higher education • National initiatives to increase the academic credentials of adults across the country • Adult students are taking center stage in the conversation surrounding the crisis in higher education
- 6. Today’s Adult Student • No clear definition – 19–year-old single mom working full-time – 35-year-old widow returning to college full-time – 30-year-old veteran wanting to take advantage of his educational benefits – 42-year-old earning a certificate through the local college for work – 47-year-old professional earning a master’s degree via an evening program – 68-year-old taking classes for personal enrichment
- 7. Relational Marketing • Going for the one person who can enroll today. Not the 100. • Spending time to get to know their goals • Learning information to incorporate into your communication plan (interests, family information, goals • Meet students where they are
- 8. What Does “I am not a number” Really Mean • Coffee with Concordia • Customized Plans of Study • Customized Deliveries • Access to Counselors after Enrollment • Learning preferred communication • Flex time for ACs • Business to Business
- 9. The Nordstrom’s Way Nordstrom’s – A high end department store that was built with the concept of service as its foundation. They sell – clothes, shoes, cosmetics, accessories (things you can buy at a million places) Claim to fame – liberal return policy What really sets them apart - SERVICE
- 10. The Concordia Way • How does this translate at Concordia? • What areas do we know that are problematic that we can do some work on? • Where do our opportunities exist to really wow our students? • How do we get ourselves into the shoes of OUR customers
- 11. Consider Our Students Higher Education is: • A big piece of the American Dream • A path to a better future, better job, better salary, more stability for my family, etc. • A major life goal – something most people have thought about since they were young • A personal goal – one that most people hold somewhere pretty deep in their heart
- 12. Why is This So Important? • Students as consumers • Need for increased enrollment • Focus on retention (SSCs) • Changing expectations in higher education • Cost sensitivity at an all time high • Our students deserve it
- 13. So What Does this Look Like at Your Campus
- 14. Determination of Enrollment Goals • These facts and figures will allow you to leverage for: – Marketing dollars to generate leads – Financially supporting current staff – Hiring of new staff if enrollment goals are met – Expansion of programs – Allocation of physical space
- 15. Determination of Enrollment Goals • If you want to be a part of the conversation regarding enrollment goals, your tracking of data must be spot on, reviewed constantly with your staff, and support your point. • If you are not willing to track this carefully, you will more than likely not have a voice in relation to enrollment goals.
- 16. Managing the Funnel • Non-traditional Funnel • Admission Funnel Meetings – Weekly – Student by student – Conversion rate – The story it tells
- 17. THE FUNNELL • Example Total M.Ed. Fall 2014 YTD Fall 2014 Goal Fall 2013 YTD Fall 2013 Final Fall 2012 YTD Fall 2012 Final Applications 376 461 350 346 385 347 % 68.62% 72.89% 68.57% 74.57% 57.66% 80.12% Completes/Accepts 258 336 240 258 222 278 % 0.78% 0.00% 0.00% 0.00% 0.00% 0.36% Denied 2 - - 1 % 77% 82% 0% 81% 0% 83% Registered 199 277 209 231 A registered MED student is one who is enrolled in Banner for a course, in a term within the semester, and is counted at time of census. Census date for MED ground students is the first night of class.
- 18. CRM and Communication Plans • Get everyone involved • What needs to be communicated when • Remember to personalize
- 19. Sample Communication Plan • Adult inquiries day 1 • Thank you and how can I help, immediately if online, same day if not • Personal connection (email, phone, personal note) within 24 hours • Follow-up contact (e mail, call) - day 5 • Follow-up contact ( e mail, call) – day 12 • Follow-up contact (e mail, call) – day 17 • Follow-up contact (e mail, call) – day 21 • Follow-up contact (e mail, call) – day 30 • Follow-up contact (e mail, call) – day 60 • Follow-up contact (e mail, call) – day 90 • Follow-up contact (e mail, call) – holiday/newsletter Special note: If at any point after day 21 the prospect reconnects, start the process again.
- 20. Cont. • Personal Connection (e mail, phone, personal note) within 24 hours – Goals • Thank then again • Acknowledge that you understand how busy they are • Acknowledge how important the possibility of returning to higher education is to them • Establish next step
- 21. Questions?
- 22. THANK YOU Tammy Stewart, M. Ed. Associate Vice President for Enrollment, Concordia University Texas 512-657-4732 [email protected]