Institutes today offer coaching for
various purposes, the most
common one being coaching students for various
competitive examinations. Gaining admission into professional courses
like business management, banking, doctoral studies, defense
services, etc. requires the students to clear tough entrance exams. Apart
from the domestic competitive examinations,
international universities also have rigorous procedures for
admissions. Moreover, internationally recognized competitive exams
like TOEFL, IELTS, SAT, etc. test students on a variety of
parameters like proficiency in English language, aptitude, quantitative
reasoning, etc. The scores of these tests are used by students to gain admission
into various international universities for various courses.
Furthermore, admission to credible universities abroad also requires the students
to gain good scores in GRE and other evaluative exams such as
USMLE, etc. In such a competitive environment with a stringent
exam procedure, coaching institutes prove to be of great help.
Special coaching institutes have sprung up all over the country where
students can have hands on experience of the competitive exams, learn
the nuances of `dealing' with these exams, all these in a friendly
and healthy environment.
Although these coaching classes charge exorbitant fees for
the training, students do not mind paying these huge fees as it is
a question of their future. Thus, over the past few years, the business
of offering coaching has emerged into a profitable and fully structured
one. This lucrative business is also attracting many players,
thereby increasing the competition for the existing players. Coaching
classes need to promote themselves against their competitors for
attracting more students and that too those of higher caliber. This requires a
huge advertising effort.
Although coaching classes do not confer any degrees or offer
any certificates, they have become a very important part of today's
education system and are running successfully. And a profitable business needs
to have a right marketing mix (4Ps) and the
4 P of the marketing mix, i.e., promotion, plays a
very important role in marketing. This article identifies 10
strategies commonly used by coaching institutes for promoting
themselves against their competitors. |