• Archive for July, 2009

  • EducationDynamics – Solidifying Leadership Position

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    Yesterday, a release went out titled, “EducationDynamics and Aslanian Group Merge to Create Higher Education’s Most Comprehensive Marketing Company,” saying “Strategic Partnership Enables EducationDynamics to Expand In-Depth Market Analysis, Filling a Critical Intelligence Gap That Exists in Higher Education Marketing.”

    While the release reads as a merger, I can only presume it more of an acquisition, couched in merger terms for the non-lead generation community as the Aslanian brand carries weight there.  The release reads:

    HOBOKEN, NJ–(Marketwire – July 20, 2009) – EducationDynamics (http://www.educationdynamics.com), higher education’s leading marketing company, today announced a merger with Aslanian Group, an industry mainstay specializing in adult student market analysis. The merger of the two entities will result in the creation of a Market Research and Analysis Division, imposing a formal infrastructure to EducationDynamics’ continuing passion for gleaning leading-edge market analysis that ultimately helps institutions find, enroll and retain students.

    “This merger is a logical step that creates substantial value for client partners and stakeholders of both EducationDynamics and Aslanian Group,” explains Steve Isaac, CEO of EducationDynamics. “The newly-formed Market Research and Analysis Division will enable us to provide our client partners with a deeper range of market analysis essential to making highly informed decisions, filling a critical gap that exists in higher education marketing today.”

    EducationDynamics is now uniquely positioned to provide institutions with the most comprehensive suite of technology solutions and research associated with student prospecting, enrollment and retention efforts. Client partners will benefit from the following:

    – A broader and deeper range of market analysis to help institutions make strategic decisions;
    – An extensive compilation of proprietary data regarding specific markets and student categories; and
    – Expanded custom market research resources.

    Aslanian Group was founded by veteran higher education expert Carol Aslanian, who possesses nearly 30 years of experience in the field and has helped advance the enrollment goals of more than 300 colleges and universities during that time. Under the EducationDynamics corporate umbrella, Aslanian will provide market analysis, consulting and professional development services to help institutions increase their market share of students despite an increasingly competitive landscape.

    “While historically Aslanian Group has focused on assisting higher education institutions analyze regional supply and demand among adult learners, joining forces with EducationDynamics will strengthen our ability to address the ever-expanding online learning market, as well as traditional-aged markets that increasingly seek the efficiencies and convenience of instructional settings adults have always sought,” says Aslanian.

    Additionally, EducationDynamics will maintain and expand the professional conferences and events currently offered by Aslanian Group, many of which have been hailed as the definitive professional development seminars for individuals involved in higher education marketing.

    By most conservative estimates, generating leads for online education encompasses at least a billion dollars per year, not a tiny business, of which Education Dynamics owns a sizable piece. EducationDynamics might make the bulk of their revenues through the selling of leads to schools, but unlike others who have a business focus in online lead generation, they have always focused on building a company focused on something greater. The structure of their company shows that. They have Enrollment Services (where lead gen sits), Retention Services, and now Market Research and Analytics, all combining to create an education focused company as opposed to an online lead generation company that happens to service the education space. It’s a minor distinction in language but a large differentiator in a field where to date no leader has existed.

    I have to give the folks at Education Dynamics credit. When I first heard about them trying to become an education company (and thought leader at that), all I could see were the dollars being driven through lead generation. But, they have continued to execute against their vision of being “Higher Education’s Most Comprehensive Marketing Company,” while not making the easy mistake of ignoring their profit centers or sidetracking those already in the business.

    Press Releases
  • Facebook Flyers vs. LinkedIn Direct Ads

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    For those that have yet to advertise through Facebook’s self-service program, I would almost urge you to stop reading (almost) and give it a try.  I have long been bullish on their monetization prospects, and it is a rare opportunity to test drive a self-service platfom that has scale, yet in so many ways is still in its infancy. There is a possible misconception, that Facebook advertising either a) doesn’t work or b) only works for B2C companies like applications trying to get more users.  Given its unique targeting and almost ubiquitous  usage, I decided to spend some money in order to advertise LeadsCon.com. In addition, I began advertising the same on LinkedIn. Here is my experience. (more…)

    Marketing Strategies
  • Tripology – Travel Lead Generation

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    There is travel, and then there is travel. The internet has done wonders for the first, the do-it-yourself trips. If there is ever a case-study for how the internet can improve our lives through increased transparency, competition, and empowerment, the travel industry has a strong case to make for being number one. Just as I can’t imagine no being able to buy a domain name online and in real-time, so too can I not imagine the ability to view the travel landscape on-demand and without having to go through an intermediary that in the past has simply served as a gatekeeper earning above average markups doing administrative work. Ultimately, though, for me, any potential issues resides less about the fees they might make and more about not knowing if I am receiving the best deal. For any that have taken trips to destinations that benefit greatly from local expertise, though, the do-it-yourself travel sites, more commonly referred to in-industry as OTA (online travel agencies) come up lacking.

    In the category of “real travel,” e.g., vacations to areas outside our commodity zone (going home, on a business trip, and other known places, to name a few), some sites have become clear favorites and pretty impressive tools. Tripadvisor has a strong following and when traveling to a foreign city, has become a tool I couldn’t live without. While it has had issues with review legitimacy, the aggregate power of the crowd and especially the number of user-uploaded photos, adds an incredible layer of confidence when trying to make hotel picks and even restaurants. I used it excessively on a recent trip. Even with the improvement in sites like Hotels.com, Expedia, Orbitz, etc., they still lack the critical mass which translates into seemingly unbiased and useful rankings of places. Unfortunately, for any that have used TripAdvisor and others, the process of planning a trip to a new destination still lacks online. Fortunately, several companies have started to address this, and we met with the most interesting, Tripology, which does more than help out end users, it has become an equally beneficial source for travel agents.

    Tripology Homepage

    Vacations in particular are higher dollar trips. There are some that fall into the do-it yourself, certain cruises and theme parks come to mind, but a large percentage don’t – single destination trips in a foreign country and anything with greater complexity, such as multiple stops and/or adventure travel. For those who have traveled to new destinations and like to travel outside of their comfort zone, picking the right places during the right time is not only daunting but in many ways also lonely. Who can you turn to for expertise after arriving or if you need advice? The list is few and not always inspiring. That is where experts come into play. The best travel agents, the value-add ones, do more than just book the trip and make a commission for doing so, they provide guidance that get us up the learning curve. The problem in the past was that there was no good way to determine who could add this value and who couldn’t. The fact that you had to use one meant you had many poor ones. The good ones though, no longer have physical addresses as a result of the market changes to online, and many users who grew up in a generation without them, wouldn’t know how to find them either. All of which makes Tripology not just a great business idea but the best kind of online customer acquisition model, one that helps users and businesses connect more efficiently than they would on their own. Given the number of buyers and the desire to be effective, the company focuses heavily on their algorithm for matching requests to buyers, which makes sense given the amount of information that people provide and time invested in the process.

    The business was created by Chinedu Echeruo, known better by those living in major metropolitan areas for HopStop (a site so good that Google copied it for their transit product). Like the founding of eBay, Tripology was started to solve a personal problem, a weakness experienced by Chinedu. In mid-2008, the company brought on travel veteran and twice successful travel entrepreneur John Peters to lead the company as their CEO. I heard him speak in New York at an appropriately themed event on Lead Generation 2.0. Tripology has received praise from both traditional media and the travel industry. For travel agents, they have established themselves as the place to connect with potential clients. Much of the company’s challenges are not so much finding lead buyers, a huge testament to their success so far, but a more lead generation wide challenge of making sure their buyers are best poised for success – helping them understand pricing, follow-up, and why they might not even be allowed to buy leads. And, John has done a great job of merging his travel experience with online customer acquisition – not an easy task when you are creating a market that didn’t exist previously. Like any market maker, their position is an admirable one but not necessarily an enviable one.  It’s easy to root for them and believe in what they do, as they in so many ways represent all that is good with online lead generation and online customer acquisition.

    Company Reviews

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  • LeadPoint
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  • Recent Comments:

    • Mike: Very timely post Jay. I was just having a similar conversation about this idea. I think, in most cases, that...
    • Jay Weintraub: Thanks, Avi. Those are great points.
    • avifischer: Jay, great post. Your point about the importance of lead quality should not be taken lightly for any...
    • calmoneygal: I think what you will find is that everyone will offer the same rate and it will come down to a few $200...
    • transfs: Hi Jay,I ran a Facebook vs. LinkedIn advertising experiment and came up with the same results you have...