70
Welcome Business Development Specialist (BDS) Training

Business Development Specialist (BDS) Training. Agenda Welcome / Introduction Module 1 – Overview Getting to know Lifetime Learning History

  • View
    219

  • Download
    0

Embed Size (px)

Citation preview

  • Slide 1
  • Business Development Specialist (BDS) Training
  • Slide 2
  • Agenda Welcome / Introduction Module 1 Overview Getting to know Lifetime Learning History Module 2 Lifetime Learning Advantage What sets us apart from the competition Benefits and Value of Lifetime Learning Key Selling Points Module 3 University Partners Module 4 - BDS Role Roles and Responsibilities Sample Org Chart Define what a Territory specialist does Event set up and preparation
  • Slide 3
  • Agenda Cont. Module 5 Event Set up and Facilitation School event High School event Health Club / Retail event Module 6 Closing Out Event and Future Events Completing your event Building relationships Module 7 Lead Input What to do after your event How to input information Hand on practice Module 8 - BDS Materials/New Hire Paperwork Offer Letter Employee Handbook Supply Distributions Module 9 BDS Expectations BDS Role Expectations Matrix Professional conduct Dress code
  • Slide 4
  • LIFETIME LEARNING OVERVIEW History of Lifetime Learning Module 1
  • Slide 5
  • Lifetime Learning Overview History Timeline Re-branding Mission / Philosophy
  • Slide 6
  • Lifetime Learning Overview Owner Gail Richardson Background Industry relevance Quality reputation
  • Slide 7
  • BREAK
  • Slide 8
  • THE LIFETIME LEARNING ADVANTAGE Key Benefits and Value of Lifetime Learning Module 2
  • Slide 9
  • Importance of Education Global economy is becoming increasingly more competitive Unemployment for someone with a degree is 5.3% - for someone without a degree it is double 10.6 %. On average, a college graduate earns $1 million more in a life time then a high school graduate Average earnings of high school graduate $32K Average earnings of bachelors graduate $52K Average earnings of masters graduate $62K Investment in your future (Education is like a Turn-Key Franchise)
  • Slide 10
  • Facts vs. Fiction of Online Learning Fiction Online learning is easy Online Learning is not as effective as traditional classroom learning Online colleges/degrees are not credible Online credits will not transfer to traditional schools Facts Online courses are NOT for everyone For profit colleges under investigation by Dept of Education Over two thirds of all degree granting post secondary schools offer at least one online course (National Center for Education Statistics) Online degrees are an accepted form of education and will continue to grow in popularity
  • Slide 11
  • How Online Learning Works Why obtain a degree online? general benefits Diversified students Save time and money Increases the school/degree options students can choose from No residency requirements 100% online Shorter course lengths (4-8 weeks vs. 16 week semesters) No entrance exams required SAT or GRE waived with work experience Manageable while working FT
  • Slide 12
  • Time Traditional setting is unrealistic for most working adults Online learning allows working adults to attend school full time without sacrificing lifes daily responsibilities. Online learning allows working adults the opportunity to graduate in the same timeframe as a traditional, non working full time student would taking 5 classes at a time. Asynchronous learning environment. This means 24/7 access with no obligation to be online at a specific time. NO travel! Participation in a traditional graduation ceremony is an option, however, not required.
  • Slide 13
  • Money This will be the biggest challenge! By providing some general information about funding options you will be giving hope to the prospective student. US Labor Bureau statistics show that those with a college degree earn one million dollars more over the course of their lifetime. These statistics have contributed to a large increase in students looking for an Associate or Bachelors degree. Additional federal programs added to support education.
  • Slide 14
  • The Face of Lifetime Learning You are the representation of the company and the first impression. We maintain our reputation through the quality of the events you facilitate. A large portion of our business is referrals because we continue to provide exceptional customer service and value. We will give you all of the information you need to present yourself as a representative of Lifetime Learning.
  • Slide 15
  • Talking Points During Your Event Present yourself as the expert. Be prepared to discuss Lifetime Learning and all the services we provide. Lifetime Learning offers a unique approach in providing over 300 online degree program options from a variety of top-rated Online College and University partners. Lifetime Learning takes the guess work out of finding accredited programs available online. Lifetime Learning saves prospective candidates time and money by narrowing their search and connecting them with the college or university that best meets their needs.
  • Slide 16
  • Talking Points During Your Event If possible ASK QUESTIONS! Why are you looking to further your education? Have you decided what degree you are interested in? Have you ever taken an online course before? If so, what was your experience? If notDo you think online may be an option for you? Why do you think online classes may be a better fit? How do you plan on paying for your classes? Do you have any concerns about going back to school? On a scale of 1-10 how motivated are you in going back to school?
  • Slide 17
  • LUNCH
  • Slide 18
  • LIFETIME LEARNING UNIVERSITY PARTNERS Module 3
  • Slide 19
  • University Partners Grand Canyon University National University Jones International University Ivy Bridge College of Tiffin University University of Notre Dame University of St Thomas Western Governors University
  • Slide 20
  • Lifetime Learning Partners Programs offered 100% online National and Regional Accredited college and university programs State approved / backed by the Department of Ed (online teacher and administrator licensure programs available) Well recognized & respected Flexible schedules (accelerated options available) Frequent start dates
  • Slide 21
  • Lifetime Learning Partners Top ranking university partners Traditional Campus Based universities, just through online format Some universities have NCATE accreditation 80% Faculty have Doctorate Degrees Success Coach Hand holding More personal TPA- Total professional Advantage (Career Counseling)
  • Slide 22
  • Price Range Associates programs (AA) Average $300/credit or $9000/ year Bachelors (BS, BA) Average $435-495/credit or $10,440-11,880/year Masters (MS, MA, MED) Average $465-600/credit or $11,160-14,400/year Education Specialist (EDS) Average $550-730/credit or $13,200-17,520/year Doctorate (DBA, EDD) Average $$550-730/credit or $13,200-17,520/year
  • Slide 23
  • Funding Opportunities Federal Financial Aid Pell Grant Teach Grants Teacher Loan Forgiveness Public Service Loan Forgiveness Scholarships Private Student Loans
  • Slide 24
  • BREAK
  • Slide 25
  • BUSINESS DEVELOPMENT TEAM Overview Module 4
  • Slide 26
  • Territory Breakdown Territory Includes: Territory Specialist Business Development Specialist (BDS) Territory Manager
  • Slide 27
  • Territory Specialist The Territory Specialist position is designed to support the BDS role they will: Set and create events for the territory BDS Communicate with the BDS regularly regarding upcoming events, schedule etc Solicit new business ideas and work to establish contacts for BDS to follow up on Research territory
  • Slide 28
  • Business Development Specialist The Business Development Specialist role is comprised of: Working with your territory specialist to develop your market Following up on with contacts created by your territory specialist Establish rapport with local businesses, communities and networking associations Develop accounts for repeat event opportunities 30% Facilitating events booked by your territory specialist 70% Generate interested candidates from your completed events
  • Slide 29
  • Territory Manager The Territory Manager will be responsible for: Overseeing all day to day operations Mapping out specific territory areas Ensuring Territory Specialist and BDS meet required event goals Manage performance of each BDS on quality/quantity of prospective candidates generated Establishing communication forums for each team
  • Slide 30
  • Slide 31
  • School Events Module 5
  • Slide 32
  • Event Set Up Event Set up: Events are set up by Territory specialist Example of an event being set up Tracked on associate calendar Event Preparation: Confirmation call Example of a confirmation call On hand materials Arrive 15 minutes early
  • Slide 33
  • School Event Setting up your event Arrive at the school Show up 15 minutes early (plan for the unexpected, parking issues, traffic etc.) Proceed to Front office / Administration Building Sign and Check in with Point of contact Ask to make a PA Announcement (script provided) Point of contact will escort you to your event location
  • Slide 34
  • School Event Facilitating your event Network and interact with all staff members at all times Have marketing materials available to provide and pass out Set up table tent card displays (if space available) Be proactive and engage people in conversations Be prepared to conduct any type of event Lifetime Learning / Lifetime Learning has 3 main type of events including: Faculty lounge / Workroom Faculty Meeting
  • Slide 35
  • School Event ( Faculty Lounge Setting) Individual Presentation Break the Ice by asking questions to strike up a conversation. Tie in your conversation to Lifetime Learning / Lifetime Learning. Highlight talking points and explain key benefits. When speaking with individuals provide marketing materials. Have interested staff complete Applicant Contact Forms.
  • Slide 36
  • School Event ( Faculty Meeting Setting) Group Presentation Break the Ice by asking questions to get your audience engaged Highlight talking points and explain the key benefits of Lifetime Learning Take a few minutes to Answer questions Have interested staff complete Interest Forms
  • Slide 37
  • High School Event Setting up your event Arrive at the school Show up 15 minutes early (plan for the unexpected, parking issues, traffic etc.) Proceed to Front office / Administration Building Sign and Check in with Point of contact Ask to make a PA Announcement (script provided) Point of contact will escort you to your event location
  • Slide 38
  • High School Event Range of event types include: College Fair / Career Day Classroom Presentation Lunch Time Session
  • Slide 39
  • High School Event College Day / Career Fair Trade show environment Several College/Universities in attendance Large volume of students Less time for one on one discussions
  • Slide 40
  • High School Event Classroom Presentation Captive audience of students Provide additional resources about funding Highlight variety of programs One stop shop through Lifetime Learning
  • Slide 41
  • High School Event Lunch Time Session One on one presentations Ice breaker to grab attention Quick re-cap of services Help individuals complete forms
  • Slide 42
  • Slide 43
  • A + Workshop Event Group Presentation Representing Mindstreams Captive audience of educators Commercial played by presenter One on one discussions Answer questions
  • Slide 44
  • Health Club / Commercial Events Setting up your event Arrive at Location Show up 15 minutes early (plan for the unexpected, parking issues, traffic etc.) Proceed to Front office / Main Lobby area Check in with Point of contact Point of contact will escort you to your event location
  • Slide 45
  • Health Club / Commercial Events Wide range of event types One on One discussions Table set up in highly visible location Observe customer traffic and position yourself in a location that catches their attention Be creative in your approach and your opening question Work with health club and their parameters for approaching customers and guidelines for your set up
  • Slide 46
  • Module 6
  • Slide 47
  • Completing your Event Lets review your event so far You called three days prior to the meeting and confirmed the details. If there were any discrepancies you notified your territory specialist. You arrived at least 15 minutes early with your badge in a prominent spot. You set up an attractive display and engaged EVERYONE who came into the room or area. The talking points and key benefits were discussed and you have a handful of Interest Forms. Every required field is legible and you know you have conducted an outstanding meeting.
  • Slide 48
  • Completing your Event Closing out your event Gather all remaining materials you have Collect applicant contact forms before you leave Make sure info is filled out completely and legible Check out with your point of contact for allowing us to present Thank them for allowing us to present to their employees, staff and customers Give some highlights about the success of your event
  • Slide 49
  • Completing your Event Build relationships for return visits Establish contacts Inquire about faculty meetings Referrals
  • Slide 50
  • Slide 51
  • Building Relationships Superintendent role How to get in and set appointments with school districts Building rapport Establishing relationships Following up
  • Slide 52
  • Module 7
  • Slide 53
  • After your event Input your interest forms to close out your event Input information from interest forms into Lifetime Learning lead input website Make sure all contact info is valid and correct Once lead info is input check for accuracy of information Click submit Check event Tie it to the correct event Receive code that lead was accepted Need to input leads within 24 hours of completing event
  • Slide 54
  • Lead Input Site Walk Through Enter screenshot of lead input site here
  • Slide 55
  • Lead Input Site Walk Through Enter screenshot of lead input site here
  • Slide 56
  • Slide 57
  • Module 8
  • Slide 58
  • Starter Packet Contents Computer Lifetime Learning bag Table tent(s) Lifetime Learning flyers High school flyers Business cards School interest forms Commercial interest forms Name badge Table cloth and Lifetime Learning runner 4ft Table Lifetime Learning bracelets
  • Slide 59
  • Slide 60
  • Module 9
  • Slide 61
  • BDS Expectations Goals Matrix review Quarterly bonus structure Code of Conduct Dress Code
  • Slide 62
  • BDS Goals An Event is defined as an informational seminar at the following facilities or other facilities as requested by Employer: Hosted Informational Seminars Expected Volume/year Health Clubs300 High Schools 40 Elementary/Secondary Schools 100 To qualify as an Event, Employee must produce a minimum volume of leads as outlined below: Health Clubs = 5 leads High Schools = 20 leads Elementary/Secondary Schools = 5 leads
  • Slide 63
  • BDS Matrix Action-Oriented Points to TotalPossible Total Events completed 0.015 Avg Rating for Leads(All) 0.015 Quantity of Leads 0.010 Self Generated Events 0.015 Self Generated Leads 0.015 % of Territory Penetration 0.010 0.080
  • Slide 64
  • BDS Quarterly Bonus Structure Employee will be paid, on a quarterly basis, $120/event for any Event over the following quarterly minimum requirements: Health club: 75 Events per quarter High Schools: 12 Events per quarter Elementary/Secondary Schools: 27 Events per quarter Total Quarterly Events: 114 Events NOTE: In order to qualify for the quarterly bonus, Employee must complete a minimum of 114 Events in the categories of Events identified above. If Employee completes more than 114 Events, but does not achieve the above category goals, Employee will not qualify for the quarterly bonus.
  • Slide 65
  • BDS Quarterly Bonus Structure Example 1: Actual Quarterly Performance: Health club: 80 Events per quarter (5 over) High Schools: 12 Events per quarter (met category) Elem./Sec. Schools: 30 Events per quarter (3 over) Total Quarterly Events: 122 Events Employee would be eligible for a quarterly bonus of $960, (8 Events in excess of 114 Events x $120)
  • Slide 66
  • BDS Quarterly Bonus Structure Example 2: Actual Quarterly Performance: Health club: 70 Events per quarter (5 short) High Schools: 10 Events per quarter (2 short) Elem./Sec. Schools: 40 Events per quarter (13 over) Total Quarterly Events: 120 Events Employee would NOT be eligible for a quarterly bonus because the number of events in each category was not met, even though Employee hosted more than the total minimum number of Events.
  • Slide 67
  • BDS Role BDS Code of Conduct Representing Lifetime Learning Professionalism Dress Code Business Attire Name Badge (worn at all times out in the field)
  • Slide 68
  • Dress Code Men Dress slacks Dress shirt and tie required Suit jacket (optional) Women Dress slacks or skirt Blouse or sweater set Blazer (optional)
  • Slide 69
  • Summarizing Your Role Key Roles and Responsibilities Be Professional and Courteous at all times You are representing Lifetime Learning Your Role and Objective is to: Represent Lifetime Learning (services provided) Generate General Interest Collect Interest Forms Interest Contact Forms = Prospective Students Lead Generation Position Prospective students are then connected directly to a college/university that meets their needs and is assisted by an experienced Education Consultant from that school
  • Slide 70
  • QUESTIONS??