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Self-employed in german - Two variants

08/31/2023 | By: FDS

The two variants "selbstständige" and "selbständige" are different spellings of the same German term for a person who works independently or runs his own business. Both spellings are correct, and this is simply a spelling issue.

"Selbstständige" is the spelling according to the old German spelling system, while "selbständige" was proposed after the 1996 reform of German spelling. The reform has meant that some words that were previously written separately can now be written together. This also affects the word "selbstständig" or "independent."

Both spellings are valid, but the overwhelming preference and usage tends to be for the new spelling "self-reliant." It is important to note, however, that consistent usage within a text is recommended.

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B2B agencies' challenges in using online advertising and alternative approaches

08/31/2023 | By: FDS

In today's digital era, online advertising has become a powerful tool to attract customers and drive business. But while some companies in the business-to-business (B2B) industry are successfully using online advertising, many agencies are struggling to get the desired value from this marketing strategy. This article explores the challenges B2B agencies face when using online advertising and highlights alternative approaches available to them.

Challenges in using online advertising in B2B

Complex products and services: In the B2B sector, the products and services offered are often more complex and require more explanation than in the B2C sector. Online advertising often offers limited space for detailed explanations, making it difficult to adequately convey the benefits and value of complex offerings.

Long sales cycles: B2B sales cycles are often longer and involve multiple decision makers. Online advertising may not always be able to provide the compelling arguments needed to influence these complex buying decisions.

Targeting: B2B agencies must target highly specialized audiences. Accurately identifying and reaching these niches can be challenging in the vastness of the Internet.

Building trust: In B2B, trust and credibility are critical. Building that trust through online advertising alone can be a challenging task, as potential customers are often looking for detailed information, testimonials, and recommendations.

Alternative approaches to B2B marketing

Content marketing: one alternative to direct online advertising is content marketing. By creating high-quality content such as blog posts, white papers, and case studies, agencies can demonstrate their expertise and gain the trust of their target audience

Social Selling: Through the targeted use of social media platforms, B2B agencies can build personal relationships and expand their network. Instead of pure advertising, this is about building relationships and sharing relevant expertise.

Account-based marketing (ABM): ABM focuses on individual target companies and tailors the marketing strategy to their specific needs. This allows for a more personalized approach and a more targeted approach.

Events and Conferences: Attending industry events, conferences and webinars can be a great way to meet potential customers face-to-face and showcase your offerings.

Email marketing: Well-targeted email campaigns that provide relevant and useful information can be an effective way to build long-term relationships in the B2B space.

In an era of ever-increasing digital competition, B2B agencies may need to look beyond the traditional approach of online-only advertising. By adopting alternative approaches that are better tailored to the specifics of the B2B market, they can achieve more effective customer engagement and increase their visibility in the industry.

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What does a founder earn?

08/31/2023 | By: FDS

A founder's salary can vary widely depending on a number of factors, including the type of business, the success of the business, the industry, the funding, the size of the business, the location, and the founder's individual decision-making process. Here are some aspects that should be considered:

Early stages: In the early stages of a startup, founders often take a minimal or no salary, as the priority is to build the business and secure capital.

Funding: If the startup is successful in obtaining capital from investors or venture capital firms, founders may more often take a salary to support themselves.

Ownership stake: Founders often retain a significant stake in the company and can benefit from increasing company success through the value of their equity.

Company size: Depending on how the company grows, founders may later be able to earn competitive salaries closer to those of executives at established companies.

Industry Differences: Founder salaries vary widely by industry. In some industries, such as technology and biotechnology, founders can command higher salaries due to the high growth potential and capital investment.

It is important to note that many founders forgo a higher salary in the early years to help grow their business. They may be considering the long-term value of their business and the opportunity to benefit from a potential exit event.

Founders' salaries are highly individualized and can vary widely. Some founders prefer to invest the company's financial resources in growth, while others are able to earn competitive salaries at later stages of the business.

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How important is the regular review and adjustment of the PR strategy?

08/31/2023 | By: FDS

Regularly reviewing and adjusting PR strategy is extremely important to ensure the success of a PR campaign. Here are some reasons why this matters:

Changing target audiences: Target audiences can change over time, whether due to demographic shifts, new trends or technological advances. It's important to regularly review your target audience and adjust your PR strategy accordingly to ensure messages and channels remain relevant.

Dynamic media environment: the media landscape is constantly changing, especially with the rapid development of digital media. New platforms, social media trends and communication channels are continuously emerging. It's important to adapt your PR strategy to reflect these changes and keep your communications with the media up to date.

Measure success and ROI: A regular review of the PR strategy makes it possible to measure the success of PR activities and evaluate the return on investment (ROI). By analyzing the effectiveness of various activities, it is possible to find out what is working and what is not. Based on this, adjustments can be made to increase the effectiveness of the PR campaign.

Adjustment to current events: The PR strategy should also be able to respond to current events and trends. Companies and organizations need to be able to be flexible and adjust their messages and actions accordingly to meet changing conditions.

Competitive Analysis:A regular review of PR strategy also allows companies to keep an eye on the competition. By analyzing competitors' PR activities, you can gain insight and ensure that your strategy remains competitive.

Competitive Analysis.

In summary, regularly reviewing and adjusting PR strategy is critical to ensuring that PR efforts are having the desired effect. By remaining flexible, responding to change and continually measuring success, you can maintain an effective and efficient PR campaign.

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