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January 18th, 2024 | 3 min. read
By Kim Kovelle
Enrollment is essential for schools. That’s particularly true for private schools that rely on tuition to maintain quality education. So, what’s the price for boosting your school’s numbers here in Chicago?
You want a clear idea of what it costs to market your private school. When working with a marketing agency, they should provide direct pricing and your return on investment.
With 15+ years of digital marketing experience — and four decades working with Chicago private schools with our sister company, Chicago Parent — Zoe Marketing & Communications is skilled in crafting successful marketing. Our three pricing plans spell out minimum marketing costs. But what does this look like in reality?
Here, we’ll walk you through a common cost scenario in three parts:
With the help of some graphics, you’ll understand how your investment is spent and the value you’ll see. And you’ll get a sense of whether Zoe is a good fit — or not — so you can plan your next steps.
Standing out matters — especially in Chicago, which is home to 375 private schools with nearly 70,000 students. Schools face plenty of competition with a wide variety of marketing budgets.
Let’s say you’re a hypothetical K-8 private school in Lincoln Park, a Chicago neighborhood with some acclaimed options. Your scenario might look like this:
Earning 10 tuition-paying students is a multilayered lift. After all, choosing a school is a big decision that takes time. So, with this in mind, let’s break down the pricing.
In this case, stacking four specific tactics will best meet your school’s goals. Below are the actual costs from a plan designed by Zoe’s sales director, Michele Potts, tailored to your school.
Individual pieces:
Total: $6,000/month
Zoe plan: Pro (top-tier; its starting price is $6,500)
Minimum investment: $36,000/6 months
What do each of these tactics do for your private school? Here’s a deeper look:
The cost is $36,000 for six months, which is the required minimum and typical time it takes for campaigns to deliver results. Ideally, with continued investment, your reach keeps growing from there.
Your return on investment, or ROI, is crucial when weighing your marketing efforts. For this campaign, here is an overview of what to expect from Michele Potts, Zoe’s sales director.
Individual pieces:
Total leads: 20/month
New enrollees: 2/month
2 enrollees typically spend: $17,900
Your monthly return on investment: $11,900 or 198%
School campaigns tend to “convert” about 10% of interested leads. That means two students per month and, within six months, 12 students.
And, over those six months, your total tuition “revenue” is $107,400. Compared to your marketing spend of $36,000, your profit is $71,400 — almost double your investment.
Marketing can help draw new students to your private school. But it’s essential to understand what an agency will charge you — and what you’ll get out of it — first.
Would Zoe Marketing & Communications be the right fit for your goals? Talk to us to find out. We offer a complete client needs assessment to determine your unique plan and pricing. From there, you decide whether it works for you.
If you’re still working to understand your private school marketing options, discover:
As Zoe Marketing & Communications’ content manager, Kim Kovelle brings over 20 years of writing and editing experience in metro Detroit. She has strong roots in community journalism and a knack for making complicated topics make more sense.