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Minimizing Melt Brian Wm. Niles, TargetX Erin Nickelsburg, University of Wisconsin Amanda Carlson, Columbia University Krista Larson, York University Camila de Wit, GMAC

Minimizing Melt

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GMAC 2011 Conference in Boston

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Page 1: Minimizing Melt

Minimizing MeltBrian Wm. Niles, TargetX

Erin Nickelsburg, University of Wisconsin

Amanda Carlson, Columbia UniversityKrista Larson, York University

Camila de Wit, GMAC

Page 3: Minimizing Melt

DifferentiationAuthenticityExperience

RelationshipsGenerations

Page 4: Minimizing Melt

DifferentiationCrowded market?

Little differentiation?Trending to commoditization?

Use the same marketing language?Benefits not clearly articulated?

Page 5: Minimizing Melt

If your program was a car, retail or restaurant ...

Page 6: Minimizing Melt

AuthenticityAuthenticity in marketing reduces

post-purchase surprises.

Authenticity reduces uncertainty in customer’s purchase decision.

Page 7: Minimizing Melt

What’s the most inauthentic thing you do in marketing your

program?

Page 8: Minimizing Melt

The ExperienceCustomer Service is King

Understanding Adult Student NeedsPart-time vs. Full-time Student

(Registration, parking, dinner, career guidance, housing, activities)

Page 9: Minimizing Melt

What is one roadblock your institution puts

in front of youradult student?

Page 10: Minimizing Melt

Sustaining Relationships

Primary point of contactOne-stop-shop in AdmissionsDeposit = Part of CommunityOne-stop-shop to Graduation

Page 11: Minimizing Melt

Sustaining Relationships

Make the student a “customer”before classes begin.

(Access to services. Invites to events. Contact with faculty or

students.)

Page 12: Minimizing Melt

What is one thing you can do to solidify the relationship before

classes begin?

Page 13: Minimizing Melt

GenerationsMillennials (enough already!)

Parent’s Generational Shift(Boomers to Xers)

Connection with Family

Page 14: Minimizing Melt

What is one thing you can do to embrace

parents and/or families/spouses?

Page 15: Minimizing Melt

Minimizing MeltBrian Wm. Niles, TargetX

Erin Nickelsburg, University of Wisconsin

Amanda Carlson, Columbia UniversityKrista Larson, York University

Camila de Wit, GMAC

Page 16: Minimizing Melt

1. If your program was a car, retail or restaurant ...

2. What’s the most inauthentic thing you do in marketing your program?

3. What is one roadblock your institution puts in front of your adult student?

4. What is one thing you can do to solidify the relationship before classes begin?

5. What is one thing you can do to embrace parents and/or families/spouses?

Page 17: Minimizing Melt

Minimizing MeltBrian Wm. Niles, TargetX

Erin Nickelsburg, University of Wisconsin

Amanda Carlson, Columbia UniversityKrista Larson, York University

Camila de Wit, GMAC