Breaking down the buying (or purchasing) decision process, an institution’s and student’s position is as follows in marketing exchange.
Recognition of a Need or Desire to Enroll and Complete a Certificate or Degree Program
Prospect students recognize a need or desire to complete a certificate or degree program due to a variety of reasons, including:
- Search for a new or better job (as in the case of a worker at a firm seeking a supervisory position)
- Interest in learning about a particular topic (as in the case of someone with an interest to learn more about a particular disease or biological function)
- Boredom and uncertainty after high school (as in the case of a recent high school graduate who is unsure of what they want to do in life so they enroll in their local college until they figure it out)
- Improvement of lifestyle (as in the case of someone coming from an inner-city background and wanting a better lifestyle for themselves and their family)
- Search for financial stability (as in the case of someone seeking high-paying jobs and the ability to save for retirement and emergencies)
- Continuance of a tradition (as in the case of a student who studies law because his or her parents and grandparents studied law)
Development of a Need or Desire to Enroll and Complete a Program at a College or University
Once a prospective student recognizes they have a need to complete a certificate or degree program, they have to develop the concept of the need or desire. The development of prospective students’ needs and desires to complete a certificate of degree program may be divided by the following phases.
- What information is needed to find out if enrolling in a college or university is appropriate and beneficial? Prospective students identify the factors which are detrimental in the decision to enroll in a higher education program. Factors include cost, length of completion time, location, required time per week, access to professors and resources, rankings, and accreditations.
- Based on the qualification factors, what are the options? After identifying which factors are important in the decision making process, prospective student will compare what are the available options. Prospective students will conduct a search and investigation process to find the values of the decision making variables by available options. The following questions will be asked by prospective students: What college or university is best regarding one particular variable? (Which college is the cheapest? Which degree program is the shortest?) What college or university is best regarding all variables? (Which college is best all-around for cost, length of completion time, available resources, and social life?)
Fulfillment of a Need or Desire to Complete a Higher Ed Certificate or Degree
Upon attaining enough information on the decision making variables and comparing available options, prospective students finally complete the marketing exchange and decide which program and institution they wish to purchase from (or enroll in).
Higher education institutions need to be active with an e-marketing strategy up until this point and beyond. Interaction through an e-marketing strategy is needed to nurture the prospective students and take advantage of the prospective students’ needs and desires before a decision is made to influence the prospective students’ purchasing decision. Additionally, an interactive e-marketing strategy is needed after a student enrolls to ensure the student maintains enrollment and does not drop out or transfer to another institution. E-marketing is also one of the methods to stay in touch with past alumni and monitor life and career developments for demographics and data collection services which may be used to find and nurture new leads part of the alumni’s network.
How Should Institutions Manage their E-Marketing Strategy?
When developing an e-marketing strategy, colleges and universities need to break down each of the above phases and analyze what is the best way to interact and reach out to prospective students, currently enrolled students, and alumni to ensure a successful exchange of communication to positively influence purchasing decisions. Influence may be initiated and nurtured through a combination of search and display ads, blogs, Facebook pages, Twitter tweets, Youtube videos, email distributions, and online word-of-mouth efforts. Making the phases of the purchasing decision process as easy as possible for prospective students, current students, and alumni should be the intermediate goal of institutions with the ultimate goal of stable and increasing enrollments. E-marketing is the fastest and easiest way to ensure colleges and universities influence new and current students in their enrollment decision.
What e-marketing strategy has proven successful for enrollments at your institution?