Higher Ed Inquiry Volume Lower in Q3 2013, Reports CUnet
Schools seeking efficiencies in inquiry generation marketing efforts due to low conversion rates.
Although typically a strong quarter for inquiry volume, the third quarter of 2013 was the second consecutive quarter of year-over-year declines, according to CUnet, a performance marketing agency focused on higher education. “It appears that schools are scaling back their inquiry generation marketing spend due to disappointing conversion rates,” explained Elizabeth Dye, director of analytics at CUnet. Quarterly conversion rates dropped year over year for both internal and external channels, according to the CUnet Agency Services Q3 2013 Industry Review, published December 9, 2013.
“August volume was almost flat compared to July,” continued Dye. “Historically we have seen a big jump for the beginning of the back-to-school season.” Inquiry volume in August of 2012 rose more than seven percent month over month, and August of 2011 saw a month-over-month increase of more than 12 percent.
“This report puts numbers to what we already anticipated,” said Kim Kelly, managing director of agency services at CUnet. A CUnet-sponsored report, published earlier this year by Inside Higher Ed, states that more than three quarters of all higher education institutions surveyed were concerned about meeting their 2013 enrollment goals. “Schools are looking to fill their classrooms,” continued Kelly. “And they’re realizing that to succeed they need a data-driven campaign focused on finding true student prospects.”
CUnet provides services designed to streamline higher education online marketing efforts, including inquiry generation. Their full-service management leverages years of digital experience to create customized marketing strategies based on individual school objectives. With an exclusive focus on the higher education industry, CUnet monitors and stays ahead of trends to identify strategic solutions and resources able to deliver maximum return on every marketing dollar invested.
Sparkroom, owned by CUnet, is the most widely deployed enrollment marketing application in higher education, and furnishes the required intelligence to build and optimize successful campaigns.
The CUnet Agency Services Q3 2013 Industry Review explores key trends that shape inquiry and student acquisition outcomes for schools, focusing on volume, cost per inquiry, conversion rates and program share of volume. The report is developed with the intent to present seasonal volume variance trends to allow higher education institutions to best plan their marketing dollar distributions. The Q3 2013 report was based on a dataset of inquiries processed by Sparkroom during the period of January 1, 2011, through September 30, 2013.
Go to cunet.com/resources to download the CUnet Agency Services Q3 2013 Industry Review. Or go here to go directly to the report page: http://www.cunet.com/whitepaper/cunet-agency-services-q3-2013-industry-review/#.UqX0VOKFeqV.
For more information about CUnet’s expertise, products and services in higher education enrollment marketing, please visit cunet.com. Request a personal Sparkroom demonstration at http://www.cunet.com/sparkroom.
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