New Year. New Leads.
If your program’s New Year’s Resolution is new leads, better leads or more leads, read this first!
An age-old debate in higher ed is whether to focus on quality or quantity of leads to obtain the right amount of applicants, and ultimately, seated students.
One party may say quantity is more important because it’s all about volumes and ratios. For example, if you need 100 applications, you have a better chance with 1000 leads than with 500.
While another party may focus on quality. For example, if you need 100 applications, 1000 leads won’t do you any good if they aren’t qualified, and you’re better off with 500.
And this doesn’t even begin to cover the budget implications.
So, who’s right? The answer is both. You want more leads, but you want them to be right for your program.
How do you set out on a path to increase your quantity AND quality? Here are a few pointers we’ve gleaned over the past close to 20 years of working with higher ed institutions to grow their enrollment.
Your target matters
Start here. One of the most important pieces of any strategy is developing a detailed description of your target that everyone agrees on. You can create personas, develop a detailed flowchart, or even write it on a Post It note. Key attributes to consider are:
- Demographics: age, gender, geography, undergrad institution or advanced degrees, military, etc.
- Psychographics: career stage and goals, mindset on advancement, where they spend their time online, what’s important to them, etc.
And once you have your target nailed down, don’t compromise. When you’re developing a marketing strategy, it’s easy to stray away from your primary focus (which is the prospective student) because of a sales call that sounds enticing, or a “deal” on marketing. But when you make compromises to save money, it can end up costing you.
How (and where) you get your leads matters
A qualified firm can help you determine your strategy once you’ve narrowed in on your target. But even if you are doing it yourself, choosing the right platforms is imperative. Otherwise, you may feel like you’re just waving a banner on the side of the road. Some ways to get started in developing your digital marketing strategy are:
- Conduct an audit of past performance for certain media your school has used
- Do research on where certain demographics are spending their time online
- Get in the mindset of your target – think about their barriers, goals, limitations
- Buy media through reputable sources
How you nurture your leads matters
Obtaining leads is only 50% (or less) of the equation. Once they’ve entered the funnel, how you communicate with them and nurture them through the final transaction can make more of a difference than how you found them. And sometimes, a lead who was on the fence can be swayed with a carefully crafted nurture strategy like:
- Managing your relationships with prospective students using different email communications tracks, content and frequency
- Maximizing your CRM
- Engaging new leads and re-engaging stagnant leads
- Managing the middle of the funnel
Using your budget wisely matters
It is a myth that budgets are the only determining factor for marketing success. A well-placed digital media buy based on a sound strategy and tracking your ROI throughout the campaign can give even the smallest budgets a leg up in competing for leads. And allocating some dollars each year for testing can also give you an advantage as you try new things and innovate your marketing.
If you need more ideas on how to find the right balance of lead quantity and quality, selecting the right digital advertising channels for your target and personalizing communication for your prospects, contact GPRS today. We can help you develop a plan to fit within your strategy and budget.
When you ask any marketing or admissions team member what their key goals are for the coming year, almost all of them have these two at the top of the list: increase quality/quantity of leads, and increase enrollment. And many will follow up with the statement that they will be relying more heavily on digital advertising to help them reach these goals.
Did you know that the average working adult receives 121 emails per day? But the average click through rate is 3.1%* — meaning that people tend to only read through and take action on about 2-3 emails per day. Not to mention, many are only viewing those emails on a 2-3″ wide phone screen. So, in a world where spam is dominant and your leads are prioritizing what they choose to read, it’s your job to differentiate your communications with personalized email. And if you are an educational institution, it’s likely you are not just competing with spam/work/personal messages, but also other colleges or universities your prospects are exploring.
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Say you’re aimlessly scrolling through social media or you’re on your favorite news site and all of a sudden, you see it – the thing you’ve been waiting for. It’s going to change your life. It’s the price you want. So really, it’s perfect. You must buy it right away. You click on the link while anxiously reaching for your credit card. The link takes you to the company’s homepage and you scroll and scroll. You may even click over to another page looking for the very product you wanted. It’s not there. At this point, you’re frustrated and less likely to buy.
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In higher ed marketing, a competitive analysis can help you gain insight into program trends, offerings and innovations. You can even determine how your competitors are creating their messaging to prospects and channels they are using. But if you’re not in their market it may be harder to gather intel. If you’re like many schools, you may have missing pieces of the puzzle like how peer schools are marketing and on what channels. You may even be wondering what they’re spending, how many leads they’re getting and where their students are coming from (hopefully it’s not your backyard). Wouldn’t it be great to have a marketing partner that has all of these answers, and more?
If you’ve ever advertised or sold a product or program, you’re familiar with how important your target audience is to your marketing strategy. Personas are target audiences on steroids, a kind of hyper-targeting to help you dig even deeper and uncover the key motivations behind buying behavior. If you’ve heard the buzz about personas and are interested in how to create and use them to enrich your marketing, and

