Posts Tagged ‘higher education value’

The Counselor Training Series: Tap into the Excitement Factor

December 16th, 2014

[In part 10 of the Counselor Training Blog Series we look at how a prospective student’s excitement about attending your college influences their final decision.]

Research shows that when a student is in the process of selecting a college, three factors generally come into play:

Cost, perceived quality of the institution, and his or her excitement about attending.

Most students consider each of these factors important but the key question is, which factor is the most important?

CounselorTrainingSeries270x150So I ask you, which one of these factors do you think is most predictive of enrollment?

If you said excitement, you’re right. The single factor that is most strongly correlated to likelihood of enrollment is the student’s excitement about attending. It’s more strongly correlated to enrollment – by a factor of two – than either cost or perceived quality of the college.

It makes perfect sense.

How many of us have bought something that our rational brain was telling us we shouldn’t buy because it’s too expensive? But we bought it anyway because we just had to have it. The excitement of owning it, using it, or wearing it was the most powerful force that drove our action to buy.

The same holds true for students in selecting a college.

Research shows that when students are faced with a choice of colleges that they perceive to be generally alike (believe me this happens more frequently than we’d like to admit), they will choose the one they are most excited about. They will naturally find ways to rationalize away a higher cost or lower perceived quality.

Colleges and counselors that are most successful at recruiting are masters of understanding each prospective student and generating their excitement.

They uncover what the student wants and how they will feel if they get it. They put prospective students in the environments and with the people who are most likely to create that spark of excitement, that “aha” moment when the student not only knows but FEELS that they have found their college.

So, when you’re recruiting students, don’t just find out what they want. Find out what will make them feel that your college is the right choice for them. Find out what will excite them.

Recently, over 40 colleges participated in a comprehensive national co-sponsored study on this very topic conducted by Longmire and Company. The results of the study have yielded clear findings on how student excitement develops about a particular college and the role that the college plays in its development.

If you would like a copy of the full report as soon as it is released you can CLICK HERE to send us an e-mail to put you on the distribution list. I promise you will find it enlightening and extremely valuable.

Continue the conversation on Twitter @LongmireCo.  For more information about Longmire and Company’s Interactive Counselor Training Program, click here.

[Subscribe to Versions of Conversion today so you don’t miss any of this highly-valuable information.]

Karen Full picKaren Full is a highly-respected higher education professional who has held positions in admissions and enrollment management at several institutions in the Midwest and Florida. With her vast experience working with large and small, public and private colleges, Karen brings a valuable perspective to her role as an Enrollment Strategist at Longmire and Company. Call Karen at 913/492.1265 x.711 or email her at kfull@longmire-co.com. Follow Karen on Twitter @KarenAFull.

Counselor Training Series: Establishing Goals and Holding Yourself Accountable

December 9th, 2014

[Part 8 of the Counselor Training Blog Series provides you with valuable information to help you develop into a stronger admissions professional.]

We recently shared with you that the most successful admissions teams are those who take an entrepreneurial, business building approach to their jobs. We have observed this in all types of colleges; large and small, private and public, from coast to coast.

CounselorTrainingSeries270x150Successful business builders share a number of behaviors that you can integrate into your role as an admissions counselor today for immediate results. Specifically, adding these two traits can set you on a course for greater success.

Goal Setting

The most accomplished admissions teams set goals and develop the strategies and action items that will help to achieve those goals. Defining goals is actually the easiest part of the process. Creating the specific strategies and daily actions that are required to achieve the goals is far more challenging.

And, what we have found to be most effective is this: identify five to 10 key strategies and approach those with dogged determination. Top admissions professionals find that the team loses focus when the list becomes too long. You may have 100 great tactical ideas, but honing that list to the top 10, or less, is more likely to yield the results you want. It is much better to do 10 things really well than to do 20 things marginally well.

Accountability

Setting goals and developing a well-thought-out plan to achieve them is the first important step in creating your entrepreneurial team, but if you do not hold yourself and your team members accountable, it is meaningless.

The single biggest difference we see when we compare highly successful recruiting teams with those who are not as successful is in issues of accountability. There is an old saying that “people respect what you inspect.” It is a simple premise that reminds us that holding each team member accountable for his or her promises and commitments not only increases overall performance but also illustrates the importance and impact of each person’s individual role in the process.

There are many ways to establish accountability within your team, but most importantly, the system you adopt should be motivating and positive. Once the standard is set, we generally notice that the high-achievers hold themselves accountable. They know that every commitment and promise must be kept, especially to oneself.

Top-performing admissions teams clearly define their goals and metrics and they measure their performance. Regularly. Doing so enables them to see what is working and what is not so that they can make positive changes for greater success.

Continue the conversation on Twitter @LongmireCo.  For more information about Longmire and Company’s Interactive Counselor Training Program, click here.

[In the next installment of the Counselor Training Series we will explore how counselors often get in their own way when trying to have conversations with prospective students and parents.] Subscribe to Versions of Conversion today so you don’t miss any of this highly-valuable information.]

Karen Full is a highly-respected higher education professional who has held positions in admissions and enrollment management at several institutions in the Karen Full picMidwest and Florida. With her vast experience working with large and small, public and private institutions, Karen brings a valuable perspective to her role as an Enrollment Strategist at Longmire and Company. You can reach Karen at 913/492.1265 x.711 or via email at kfull@longmire-co.com. Follow Karen on Twitter @KarenAFull.

Your students want help managing expenses. Will you provide it?

April 15th, 2014

At Longmire and Company, we know a huge opportunity when we see one.

From our recent co-sponsored study on value, this was obvious: parents and students want help in managing ALL of the expenses associated with college. And any college that offers this assistance will definitely stand out from the pack in terms of its overall perceived value.

In the study, Your Value Proposition: How prospective students and parents perceive value and select colleges in the current economy, we asked students and parents if they would find an annual expense management service helpful.

Tablets-on-dollars_300x200More than 80 percent of the students and parents said they would find it appealing (47 percent said “very appealing”). They see it as a value added service that makes a college more attractive.

Now, for the opportunity – only 20% of students and parents said that colleges specifically addressed how they would maximize their time and investment as a student. Only 34% said they were highly confident they had accurately estimated the true and complete cost of their first year in college (including tuition, books, fees, living expenses, travel and all other associated expenses).

You might think you are already imparting cost information to your students. Surely, your applicants know what the “fixed” expenses are going to be for their education. They know what tuition, stated fees, housing and books will cost.

But we all know that there are many, many other expenses associated with the complete cost of college. Students and parents need help managing all of the unknowns, and here are just a few:

–          How much will food cost, if they live off campus, for example?

–          How much will extra food cost if the student lives on campus, for that matter?

–          What are some resources for buying books at a discount?

–          How will student trips to and from home (and the frequency of those trips) drive up costs?

–          If students regularly drop classes, how is that going to change their total expense picture?

–          How accurately are students estimating their light, gas and water bills if they live off campus?

–          What are some of the ways students can live more frugally?

Some colleges we are working with have decided in just the past couple of years to rise to this expense planning challenge and actually add staff to assist students and families. These staffers are available to expense checkups and are available for all kinds of questions. This has had huge impact on the perception of value for those institutions. It makes sense. Students and parents know that many colleges provide health centers to care for students when they get sick. Why wouldn’t they provide financial health centers to help them conserve the limited resource of their money.

Other colleges we work with know their students want this and believe it would be valuable, but they have hesitated because they don’t have the staff or even the physical space for another service. We believe that even with these obstacles, colleges can offer some expense planning help. A simple planning tool in the form of a spreadsheet sent to students and parents at initial enrollment and then annually is very helpful.

And without reinventing the wheel, there are many resources available to colleges from their communities, including local information on housing and utility costs. Many community food banks offer information on meal planning/budgeting and colleges could make this available as well.

However you might provide it, expense management information would be helpful, welcome and valuable to students, and it is definitely worth a look.

Know Where and How to Control Your Perceived Value

March 24th, 2014

“We need more enrollments,” says the college president or chief financial officer or take your pick. No problem, you may be thinking, in light of the fact that tuition has been raised – again – and there are areas of the institution that are in need of let’s say “enhancement in quality.” What’s an enrollment manager to do? Information from our recent national study provides the answer.

StreetSign_300x183The perceived value that a student attaches to your institution correlates strongly with his or her likelihood of enrollment. Perceived value has three components: perceived quality, cost and excitement about attending. A change in any one will impact your total perceived value score which, in turn, impacts enrollment.

The perceived quality of a college may be more or less important from student to student although it may be safely assumed that it is universally important. Cost is also important. These two factors, however, do not have as strong an influence on enrollment as does the student’s excitement about attending the college. Students may find colleges of higher perceived quality and lower cost than others under consideration but if their level of excitement about attending is low then they are significantly less likely to enroll.

Of the three components, cost is likely to be the hardest for a college to change. Its published sticker price may be flexible through discounting but in all likelihood tuition will continue to rise.

Real and perceived qualities are changeable. However, both take time, require internal collaboration, and demand adequate resources.

The single component in the value score that is most flexible and impacting on enrollment growth is student excitement about attending. It is more strongly correlated to enrollment – by a factor of two – than either cost or perceived quality. This was one of several surprising findings revealed in Longmire and Company’s latest nationally co-sponsored study, “Your Value Proposition: How prospective students and parents perceive and select colleges.” Click here to download a copy of the report.

Generating excitement is a multi-dimensional process and should involve everyone on campus. It may entail building and communicating a brand that attracts individuals with similar interests, putting students in the company of others with similar passions, providing opportunities to work closely with faculty, offering prompt and attentive customer service, having a unique energy and atmosphere on campus, and any number of other attributes that strike an emotional chord with a student and parent.

Creating excitement is in the wheelhouse (or should be) of the admission office and admission counselors. However, many people working in admissions don’t know how to create the level of excitement that it takes to win an emotional commitment from the student that will lead to enrollment. This problem usually arises because the department or counselor spends too much time selling the institution rather than trying to understand what the student sees and feels as being valuable.

The answer to increasing enrollment in the face of tuition and quality challenges lies in taking an entirely student-centric approach to recruiting where the admission office and counselors realize that “it’s not about the institution – it’s about the student.”  This is powerful when put into practice. Through our Interactive Training Workshops for counselors, we spend a great deal of time changing the focus of admission counselors. We see their transformation and improvements in productivity. Most importantly, we see changes in the recruiting process that exposes students to the information and experiences that truly interest and excite them.