Independent schools have nearly always been a world apart from the scruffy marketing-essential business world, but a series of trends from SSATB Exec Director Heather Hoerle show how the economic pressures are changing how these elite private schools need to market.
First — Pricing negotiations are here. Full-pay families with the ability to pay are demanding discounts. Some schools are even eliminating the “this is the price” from their websites in favor of a scale of discount available by family income.
Second — Markets, after years of fragmentation, are coelescing around two profiles: Value-oriented families who demand discounts and are constantly seeking validation for their thriftiness, and those seeking a new economic order based on authenticity. The latter care deeply about a customized experience, which complicates a marketing process traditionally based on unified messaging.
Third — Demographics. It’s not our imagination. There are fewer full-pay families in our traditional markets, and we need to be aware of that.
Finally — choices! There is unprecedented growth in charter schools, many public schools have significantly improved their offerings, and private and parochial schools continue to compete.
More to follow, no doubt.