Post by account_disabled on Dec 28, 2023 4:36:03 GMT -5
The formula to get it out is. ROI Result obtained – per student In other businesses, this type of metric is known as Acquisition Cost per Customer. Since we are talking about an Educational Institution, what we need to discover is how much money was invested to attract the student. To make this calculation, you must consider all the Marketing expenses and those of the commercial team if any of your IE, during a certain period of time, and compare it with the number of new students acquired during that same period. The formula is. Acquisition cost per Student Expenses investment in marketing and sales Number of new clients in a given period.
Average bill If your institution is private, it is important to Special Data discover how much income each student generates. If this value is very low, it may mean that the monthly payment needs to be readjusted or that some expenses must be reduced. The formula is. Average monthly invoice Monthly income number of clients per month Value of the student's life time This metric allows you to calculate how much money each student will generate for your IE, taking into account the time they will likely be enrolled. In addition to offering greater predictability, this calculation also allows, when compared with the Acquisition Cost per Student, to indicate whether your institution is financially sustainable.
The formula is. Student lifetime value Average monthly bill x Average retention time for each customer Conversion rate We call it “conversion” when a visitor becomes a student at your institution. For that to happen, there are some stages that need to be completed within the education funnel. If this rate is low, it is necessary to do a complete analysis of both the site and your institution's blog, since they may be putting your users in trouble if the strategies adopted run the risk of not being appropriate and clear for you. The formula is. This formula varies according to the chosen objective, but if your institution's conversion happens when a user clicks on a CTA to enroll, you can calculate it as follows.
Average bill If your institution is private, it is important to Special Data discover how much income each student generates. If this value is very low, it may mean that the monthly payment needs to be readjusted or that some expenses must be reduced. The formula is. Average monthly invoice Monthly income number of clients per month Value of the student's life time This metric allows you to calculate how much money each student will generate for your IE, taking into account the time they will likely be enrolled. In addition to offering greater predictability, this calculation also allows, when compared with the Acquisition Cost per Student, to indicate whether your institution is financially sustainable.
The formula is. Student lifetime value Average monthly bill x Average retention time for each customer Conversion rate We call it “conversion” when a visitor becomes a student at your institution. For that to happen, there are some stages that need to be completed within the education funnel. If this rate is low, it is necessary to do a complete analysis of both the site and your institution's blog, since they may be putting your users in trouble if the strategies adopted run the risk of not being appropriate and clear for you. The formula is. This formula varies according to the chosen objective, but if your institution's conversion happens when a user clicks on a CTA to enroll, you can calculate it as follows.