Select the college enrollee profiles that are most likely to convert to a start, then shop online for leads that match your selected profile. Do it when you need leads. No contracts and no minimum. No, we’re not kidding.

“After listening to lead vendors pitch to me several times a week for over five years, none of which converted as promised, I decided to create a lead source that I’d have given my right arm for back then,” said former private university CEO Joseph Schmoke. “Fortunately, I met a long time digital marketing executive, Barry Layne, who suggested we look at what was being done in other industries and adapt it for the higher education marketplace.” That led to the creation of higher ed’s first platform designed to effortlessly serve admissions departments at the thousands of US-based colleges and universities that want to increase enrollment and revenue.

Borrowing ideas from the likes of match.com, eBay and other online transaction and matching services, Schmoke and Layne developed College Lead Exchange. This pioneering service does away with some of the irritating requirements set by traditional lead vendors. Layne says schools are not required to sign contracts. A college does not have to buy a minimum number of leads each month. “Buy what you want when you want. Buy one, none or a hundred. Once a day, once a month, or a few times a year. It’s up to the admissions team,” Schmoke said.

Maybe the best feature, according to Layne, is the ability to determine an admission team’s ideal enrollee profile, see if there are lead files in College Lead Exchange’s dynamic database that match the profile. The admissions officer can buy whatever number, at the stated prices, that the team needs to meet its enrollment goals. “The admissions team can change their criteria at will, online, twenty-four hours a day, seven days a week,” Layne commented. He also said that to simplify financial arrangements, College Lead Exchange will offer automatic credit terms and bill the school on a net-30 basis.

The objective is to make it easy, simple and fast to obtain good leads at a fair price when you need them, said the College Lead Exchange founders. Schmoke uses an analogy that most people quickly grasp. He says “Say you are at home and you’re hungry. You know there’s nothing in the fridge or the cupboard, or what’s there you don’t want, so what do you do? You probably go to the grocery store, pick exactly what you want, buy it, and make something that satisfies your hunger. Same thing with College Lead Exchange. Only with the kind of leads you want instead of food.”

Schmoke and Layne know that this new service will take some time to be fully accepted by college and university admissions staffs. It’s very different from what these staffs have worked with for decades, and to many in higher education change is threatening if not frightening. “But there will be those who immediately see the advantage of this new platform and will step forward and incorporate it into their operations,” Schmoke suggested, “and we will do everything possible to help them benefit from its use.”

College Lead Exchange can be browsed for free, and admissions staffers are encouraged to register and see how many leads currently meet their criteria. Beginning in October lead inventory will change daily. There’s no cost or obligation to check it out, and Layne says “Come on, tell the platform what kind of leads you’re looking for. You don’t have to buy any.” www.collegeleadexchange.com

College Lead Exchange is part of the WhatsBestforMe, Inc. group of companies, which includes www.whatsbestforme.com and www.bestvaluecolleges.org and is headquartered in Boca Raton, Florida in the Research & Development Park at Florida Atlantic University. They can be reached at 561-877-0071 or info@collegeleadexchange.com

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An active investor and strategist in the business of higher education, Jay is also a visionary developer of real estate. His “Virtual Adjacency” concept predated the rise of smart devices and foretold the interconnectivity we all enjoy today.

Barry Layne is a pioneering digital management and marketing executive. He was founder and global head of Ketchum Communication’s worldwide digital media businesses; COO of ArtistDirect; Executive Vice President of National Lampoon; Senior Vice President of About, Inc.; and Co-Founder and Executive Vice President of FasTV.com.

After retiring as president of the University of Indianapolis in 2005, his second post as president of a college, Jerry was temporary president of Lambuth University. He continues to provide strategy consulting services to a number of colleges and universities. He wrote The 75 Biggest Myths about College Admissions (Sourcebooks, 2008) debunking many of the misconceptions students and their families hold about selecting and entering college.

Joe conceived the Company’s strategy and is the principal founder. Previously he was chairman and CEO of Andrew Jackson University (AJU), an accredited for-profit degree granting university. While at AJU he cofounded and spun off ProctorU, now the world’s premier online exam proctoring organization. A longtime entrepreneur, Joe started in the investment industry, acquired his first company in 1974, and followed that acquisition by founding multiple online-related companies. He is a published author (Dow Jones- Irwin) and has been designated Distinguished Lecturer by the Graduate School of Business, Florida Atlantic University.