the basics of budgeting and marketing for short term programs

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The Basics of Budgeting and Marketing for Short Term Programs Mike Tyson Study Abroad Advisor for Summer Programs Wake Forest University WISE Conference 2014

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The Basics of Budgeting and Marketing for Short Term Programs. Mike Tyson Study Abroad Advisor for Summer Programs Wake Forest University WISE Conference 2014. Summer/Short Term Programs. Summer programs Usually 4 to 6 weeks (May – August) - PowerPoint PPT Presentation

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Page 1: The Basics of Budgeting and Marketing for Short Term Programs

The Basics of Budgeting and Marketing for Short Term Programs

Mike TysonStudy Abroad Advisor for Summer

ProgramsWake Forest UniversityWISE Conference 2014

Page 2: The Basics of Budgeting and Marketing for Short Term Programs

Summer/Short Term Programs

Summer programs Usually 4 to 6 weeks (May – August) Program is built around course and location Multiple forms: interdisciplinary, language study,

field basedShort term programs Usually 1 to 2 weeks, summer, spring break or

winter break Travel can be extension of course taught over

semester

Page 3: The Basics of Budgeting and Marketing for Short Term Programs

Develop Your Program

Location Course content Length of time Logistics Student pool Institutional support

Page 4: The Basics of Budgeting and Marketing for Short Term Programs

Develop Your Program

Who’s handling the logistics?- What’s your knowledge of the location?- What resources/contacts do you

already have in your location?- How much time do you have to focus on the details?- Study Abroad Office, Customized

Program company, Departmental admin?

Page 5: The Basics of Budgeting and Marketing for Short Term Programs

Expenses to consider

Housing In-country

transportation Classroom space Guest lecturers Field trips/excursions Entrance Fees Flights (if included) Phones

Transaction/card fees Faculty expenses Academic supplies Books Group meals Your meals Insurance

Page 6: The Basics of Budgeting and Marketing for Short Term Programs

Creating your Budget

Outline your program Get quotes and best estimates of all logistics Use a provided budget template or create your

own Generally per student basis Pick $USD or local currency – not both It is your responsibility to stay within the limits of

your budget

Page 7: The Basics of Budgeting and Marketing for Short Term Programs

Managing Your Budget While Abroad

Keep detailed records Keep it organized RECEIPTS Know your institutional policies Institutional Credit Card (if possible) Pay in advance if possible Expense tracking

Page 9: The Basics of Budgeting and Marketing for Short Term Programs

How do students find out about your program?

Page 10: The Basics of Budgeting and Marketing for Short Term Programs

Questions

Who is your target student population? Have you noticed prior interest in the

location? Can your course be cross listed for different

majors or minors? Can the course be taken as a required

divisional (core)course? What other campus resources do I have

access to?

Page 11: The Basics of Budgeting and Marketing for Short Term Programs

Pictures

Page 12: The Basics of Budgeting and Marketing for Short Term Programs

Marketing Examples

Page 13: The Basics of Budgeting and Marketing for Short Term Programs

Examples

Page 14: The Basics of Budgeting and Marketing for Short Term Programs

Examples

Page 15: The Basics of Budgeting and Marketing for Short Term Programs

Marketing and Recruitment Ideas

Advertise in strategic classes, relevant departments, university offices and high traffic campus areas

Social Media – Facebook, Twitter, YouTube, Pinterest Hold interest sessions Use past participants - word of mouth works Study abroad fairs Post flyers around campus and in your department Targeted emails Your study abroad office - keep up to date with accurate information Campus resources - student media, list-servs, relevant student groups Colleagues from other institutions List-servs – Study Abroad (Secuss-L), any in your academic field Study Abroad website (studyabroad.com, iiepassport.org, etc)

Page 16: The Basics of Budgeting and Marketing for Short Term Programs

Mike TysonWake Forest University

[email protected]