The reality is that external factors such as the COVID pandemic accelerated an already hot market to bring technology into the classroom. The benefit to Edtech companies is that educational institutions are reducing the barriers to entry but with that also comes an increase in competition.
In an ever growing crowded market, finding a way to stand out to students and school districts is incredibly important. The types of Edtech solutions that are currently being marketed has expanded as well but primarily consists of software / SaaS and tech products.
Let’s look at some of the ways edtech companies should be marketing for lead generation and to accomplish their marketing goals successfully.
The goal of any marketing is to achieve tangible results - leads, demos, and purchases. It can be very easy to execute marketing activities and skip over goal definition, consistent review and strategic improvement.
Business intelligence that gives you information on the effectiveness of your various marketing funnels will help you understand your target market better. Businesses that employ data-driven personalization delivered 5-8x the ROI on their marketing spend compared to companies that didn't.
Here are some important tips for Edtech companies to follow with tracking:
Often Edtech companies will sell to a wide range of audiences that may include private schools, public schools, specialized institutions, universities, and potentially even enterprises looking to educate their workforce.
It is important to understand what channels, messages and funnels work for each of these audiences separately. In most cases each of these audiences will respond differently to these aspects of your marketing strategy.
Edtech marketing should not happen in silos and while it is important to segment data, it is also imperative to connect the dots. If you have website metrics, ad metrics, social metrics, email metrics, and a wide range of other channels it is important to see how they work together.
A huge mistake often made is looking at a single metric and making assumptions before seeing the full picture.
Education companies are all about learning, and they shouldn’t limit that to just their edtech product. Learning from your edtech marketing campaigns results will allow you to put the necessary tweaks on your outreach to better connect with your target demographic.
Many companies utilize automation to scale their outreach and create more free time for marketing and sales teams.
In the edtech sector, marketing automation plays an important role. According to Startup Bonsai, 76% of automation marketers see a positive ROI within a year. One aspect of the sales funnels that edtech marketers could look towards automating is their landing pages. For example, suppose a potential buyer take a particular action on the website such as filling in a form or subscribing to updates. In that case, there should be an automated response that pushes them deeper into the funnel.
Automating your lead capture systems like landing pages will save your business a significant amount of time. The best business models are ones that allow employees to maximize their time and productivity.
Manually responding to potential customers' buyer actions isn't a scalable solution. Marketing automation gives businesses powerful tools that can be customized and set up to improve the buyer journey and free up employees to focus on other tasks.
Many education companies have realized that inbound marketing is the key to reaching potential customers, regardless of whether your edtech product is an online school or training software.
Inbound marketing in edtech can consist of several components. Blogs, high-quality content on social media platforms, and Search Engine Optimization are critical parts of a cohesive edtech inbound marketing strategy.
Overall, a successful inbound strategy revolves around content marketing in a way that appeals to the interests of your prospective customers.
Some examples of what an edtech inbound strategy could look like are blog posts detailing interesting lesson plans or social media video marketing showing the importance of quality education. The type of inbound content they will create is up to companies' discretion, but it must be personalized and enjoyable to your target market.
Content marketing generates three times as many leads as outbound marketing and costs 62% less. This is an essential strategy for edtech because many businesses are oriented towards younger demographics.
Finding a way to natively appeal to them is extremely important, and social media and other forms of inbound marketing go a long way towards connecting with young audiences. Student engagement is the primary goal of most edtech companies’ marketing outreach, and inbound marketing is a top way to engage prospective students and other decision-makers.
Email marketing is a form of inbound or outbound marketing, depending on whether the prospective customer is subscribed or not. Email campaigns are an important way to reach students, educators, and parents, as email is a globally significant form of communication with over 4 billion daily users. Emails allow companies to reach out very directly to specific customers and are useful across areas of the edtech industry
One of the best ways to improve the effectiveness of email marketing is through segmentation. Segmentation is dividing an email list into different types of consumers and tailoring the content towards the different groups.
For example, if your business is a student success platform that has a basic plan and a premium plan, you can segment your emails into different age groups or try to sell other plans.
According to Campaign Monitor, marketers who use segmented campaigns noted a 760% increase in revenue.
Like many other components of marketing, personalization is a significant factor in your email outreach. This is why segmentation is critical. You don't want to be sending every customer the same thing because most businesses have different offerings for different customer types, and each targeted group will have different marketing preferences.
Email marketing is an impactful way to directly generate leads, and by segmenting your email marketing campaigns to different contacts, you can more effectively and personally reach desired audiences.
A profitable edtech business will be able to appeal directly to the consumers their products are oriented towards. Whether for a school board, teachers, or students, knowing how to reach the decision-makers your software is intended for is the key to a successful business model. This requires a comprehensive, diverse marketing plan that uses different strategies to reach as many consumers as possible.
By tracking your campaign’s successes and failures, automating your landing pages and other lead capture features, refining your inbound marketing processes, and segmenting your email outreach, you can better reach leads from across the education industry.
If you’re ready to start developing and implementing a successful edtech marketing strategy, Insivia is available to help. Partnering with a consulting and marketing company with decades of intensive industry experience is the best way to find immediate success. Insivia provides businesses with scalable, customized solutions fitted to their unique products, restrictions, and needs.
To learn more about how Insivia can provide your edtech business with an actionable growth and marketing strategy, get in touch with us today.