A study released in June found that only 23 percent of people are aware that MOOCs even exist.
“Student’s lives are permeated with so much pop culture that when you use it to teach, it makes the learning relevant, and it gets their attention,” said Christina Blanch, an instructor at Ball State University who taught a MOOC about gender in comic books in April. “And I believe that MOOCs with a popular culture element are great for people understanding what a MOOC is.”
That MOOCs still need some more name recognition themselves could give pause to some institutions looking to use the courses to boost their own. But some schools say that they have found that the gamble is paying off.
The University of London reported that recent MOOCs there “generated 45 expressions of interest” in its degree courses. If those students were to enter into a full master’s degree program, then the university could see as much as $1.5 million in additional revenue, estimated Leonard Waks, a professors emeritus of educational leadership at Temple University.
If that’s a sound marketing investment would depend on how much a MOOC cost to produce. Some estimates put the average cost of a MOOC between $15,000 and $50,000, while other more conservative guesses place the cost at just $2,500.
In the first half of 2013, American colleges and universities spent $570 million on paid advertising. About 30 percent – or nearly $154 million – of that amount was spent on internet display ads.
When asked in the Babson survey if MOOCs were actually meeting an institutions’ marketing objectives, two thirds of the respondents said it was still “too early to tell.”
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