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Monday, August 16, 2010

4 Key Strategies to Make the School Marketing Budget a Necessary Aspect of a Successful School Marketing Plan

A  most controversial aspect of any School Marketing Plan is the school marketing budget - there is often a reluctance to offer the necessary capital to allow this to be effective. Below are four key strategies to make this budget work - and work well!


1. Invest During Good Times - Financial and Otherwise
2. Invest During Difficult Financial Times and Other Difficult Situations
3. A Realistic Budget is Necessary
4. If Needed - a Shared Budget Across Schools or Regions

1. Invest During Good Times - Financial and Otherwise

Good times are the best times to invest. This enables the school's reputation to be enhanced considerably. Resting on the laurels of the past can become an expensive exercise when the reputation is forgotten or when a new challenge comes from other competing interests, including other schools and distractions within society.

2. Invest During Difficult Financial Times and Other Difficult Situations

However, all schools need to market themselves at whatever stage of the success cycle at which they find themselves. Do not give up in the tough times - all schools will experience these throughout their history. It is a most important time to market, fight for the dollars so you don not get left behind in the marketplace.

3. A Realistic Budget is Necessary
Various people within each school community have differing views on the amount which should be afforded to the marketing budget. School leaders need to be aware that the implementation of a good marketing plan would inevitably drive up community engagement and enrolment numbers!
In today's dollar values spending $20 000 - $40 000  for an average sized independent school (of between 600 and 900 students) would be a good investment. This would need to be proportionately reviewed according to overall School Budget, the number of enrolments and the overall need of the school to build and maintain enrolment numbers.
When the marketing plan is being developed for a specified year, key stakeholders, particularly the School Principal, School Manager and the School Marketing Manager, need to assess the budget requirements. The budget will have a significant impact on a plan for any year. The budget includes all areas of the plan which incur expenses.

4. If Needed - a Shared Budget Across Schools or Regions
Shared marketing budgets across a number of schools may be another way of efficiently budgeting.
This could be regionalized e.g.:
• a combined regional budget to be shared amongst schools or
• a RMM (Regional Marketing Manager) implementing the whole marketing plan for the region and individual schools, which are only required to develop their own essentials such as newsletters.
Or it may be a number of localized schools working together and sharing the budget.
A shared budget may see different schools marketing specific aspects for the cluster e.g.
• one may concentrate on Arts / Sport Education within the cluster
• another may market the varying sorts of key curriculum and extra-curricular areas on offer and differing times for each
• another may emphasize the pastoral, welfare and social justice aspects within the cluster.
For some schools this may be the only way to begin marketing or to maintain a budget in any form what-so-ever.
Caution - even though this may appear to save financially, it takes away from the individual uniqueness of each school. Marketing is often more successful when emphasizing a uniqueness.
A professionally run school will always allow for an appropriate marketing budget to assist with promoting the school - both in good and difficult times.

This '4 Key Strategies to Make the School Marketing Budget a Necessary Aspect of a Successful School Marketing Plan' blog post was written by Bryan Foster, author of School Marketing Manual for the Digital Age (3rd ed) 2010, while SMAPL retains the copyright.


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