From Wikipedia: “A value proposition is a promise of value
to be delivered and a belief from the customer that value will be
experienced.” What is your institution’s
value proposition? Does it distinguish
you from your competitors?
Take a look at some institutional web
sites and surf the Internet to see what is available. I swear it seems as if every institution in
the country is offering an online criminal justice program. Check out how many business degrees and RN to
BSN completion programs are available online.
Students have many options, and as they become increasingly value
conscious, it follows that you need to make sure that your messaging
differentiates your institution from competitors.
Now, consider the preferences of adult
learners, who are a prime recruiting target:
We know they value the program they want, delivered flexibly and at an
attractive price. We know they care
about how long it will take them to earn their credential. So, your marketing-recruiting effort should
set you apart in ways that matter to the audience you want to reach.
Sometimes, that sort of differentiation
is difficult for branch campuses, as well as for online programs and main
campus programs intended to serve adult learners. However, if these audiences show the greatest
potential for growth, then prospects need to easily find what interests them on
the front door of the institution’s web site.
Links should be prominent and intuitive.
For branch campuses, differentiating on
program or price is increasingly difficult.
Students simply have too many options.
Although you may offer popular programs and price competitively, your
prospects still have many ways to go.
Perhaps they are considering a fully online program, or maybe a key
competitor offers an accelerated one-course-at-a-time model that you do not. If you do not offer credit for prior
learning, prospects may view that as a time and money issue, choosing to go
elsewhere.
The point is that many students today
will balance the pros and cons and then make a very intentional decision based
on perceived value. If differentiation
based on program or price is difficult, then how do you set yourself
apart? Increasingly, in my opinion, the
difference maker will be student services.
In an era driven by social media and word of mouth, institutions that
are truly student-centered will have an advantage. In the branch context, you need somehow to
persuade students that connecting with you will bring value that is harder to
find, elsewhere.
Next time: What it means to be student centered.
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