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What does a product owner do?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A product owner is a central role in agile software development teams like Scrum. The product owner is responsible for ensuring that the developed product or service meets the needs of the customer and provides real value.

In detail, the role of the product owner includes the following tasks:

Setting the product vision:

The product owner defines the overarching vision of the product and sets the goals and requirements for the team to meet.

Creating the Product Backlog: The Product Owner creates and maintains the list of features and functions that the product should contain and prioritizes them according to the needs of the customer.

Collaborating with the development team: the product owner works closely with the development team to ensure that the team understands the customer's requirements and develops the product accordingly.

Task prioritization: The product owner decides which features and functions of the product need to be developed first, based on the needs of the customer and the value they bring to the business.

Prioritizing tasks.

Monitoring progress: the product owner monitors the progress of the development team and ensures that the team meets the established goals and requirements.

Testing the Product: The Product Owner tests the finished product to ensure that it meets the customer's requirements.

Release Planning: the Product Owner plans the release schedule for the product and coordinates the release with the development team.

Overall, the product owner is a key interface between the customer, management, and the development team and plays a central role in the development of successful products.

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What does everyday sales life look like?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Daily sales work can vary depending on the industry, company and position, but generally includes the following tasks:

Customer acquisition:

Sales representatives seek out potential customers and try to win them over for the company.

Customer care: sales representatives maintain existing customer relationships to ensure that customers are satisfied and their needs are met.

Sales calls: sales representatives conduct sales calls with potential customers to convince them of the benefits of the product or service.

Quotation preparation: sales representatives prepare quotations for potential customers and work closely with the sales team to ensure that the quotations meet the customers' needs.

Contract Negotiation: Sales representatives negotiate contracts with customers and ensure that all contract terms are acceptable to both parties.

Sales representatives negotiate contracts with customers and ensure that all contract terms are acceptable to both parties.

Reporting: sales representatives prepare regular reports on their activities and results to provide the company with an overview of sales progress.

Training: Salespeople regularly attend training sessions to keep their knowledge of the company, its products and services, and sales techniques up to date.

Overall, salespeople are required to provide the company with an overview of sales progress.

Overall, day-to-day sales requires a mix of customer orientation, negotiation skills, assertiveness and the ability to deal with pressure and uncertainty.

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What is targeting and why is it important?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Targeting is a term often used in the advertising industry. It refers to the targeted placement of ads or marketing messages to appeal to a specific target group. Targeting is becoming increasingly important as the amount of available advertising channels and competition for consumer attention increases. Targeting allows companies to use their advertising spend more effectively by targeting only those consumers who are most likely to be interested in their products or services.

How does targeting work?

There are different types of targeting based on different criteria. Some of the most common targeting methods are:

Demographic targeting: where ads are placed based on age, gender, income, education level, or other demographic characteristics.

Geographic targeting: Ads are placed based on geographic characteristics such as location, zip code, or region.

Behavioral targeting: Here, ads are placed based on consumer behavior, e.g. based on search queries or visits to specific websites.

Contextual targeting: Ads are placed based on the context in which they appear, e.g. based on the topic of a website or the content of an article.

These targeting methods are often combined to create even more targeted campaigns. For example, a company might create an ad for a new product and then target that ad based on demographics, geographic characteristics, and behavioral data of a specific audience.

Why is targeting important?

Targeting helps companies use their ad spend more effectively and achieve better results. Targeting allows companies to ensure that their ads are shown only to consumers who are most likely to be interested in their products or services. This can help companies save money and improve their return on investment (ROI).

Targeting can also help make ads more relevant to consumers. When consumers only see ads that are aligned with their interests and needs, they are more likely to click on those ads or go to the company's website. This can increase the likelihood that they will eventually become customers.

Conclusion:

Targeting is an important way to use ad spend more effectively and achieve better results. It allows companies to target consumers who are most likely to be interested in their products or services. By combining different targeting methods, companies can create even more targeted campaigns.

By combining different targeting methods, companies can create even more targeted campaigns and further improve their return on investment (ROI).

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How do I become a reporter?

05/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
To become a reporter, you must have a good general education and an interest in journalistic topics. Ideally, you should have a degree in communication studies, journalism or a comparable course of study. You should also be able to communicate your ideas well and argue convincingly. A solid education in the basics of journalistic writing and research is also important. It is also helpful to build a good network of contacts to help you get started in journalism. Some media companies offer internships or other entry-level programs.
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Why you can forget about other PR software providers in the future

05/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Public relations (PR) is a crucial area in marketing and corporate communications. It is about creating and maintaining a positive perception of the company, its products and services, and its employees and directors. In this day and age, there are many PR software providers on the market that offer various solutions for the PR industry. But why should you forget about them in the future and rely on other alternatives? In this article, we are going to talk about that.

First of all, we need to ask ourselves what PR software providers actually do. Most of them offer software platforms that enable PR teams and professionals to do their work more effectively and efficiently. These can be, for example, tools for monitoring media coverage to see where and how often the company is mentioned. It can also be tools to manage press releases or social media posts.

It's important to note, however, that most of these PR software providers are geared toward the needs of large companies. Small and medium-sized businesses often don't have the budget or resources to invest in these expensive software solutions. As a result, many companies resort to manual methods and Excel spreadsheets to manage their PR.

Another problem with these PR software providers is that they are often very complex and require a long learning curve. This is especially a problem for small businesses, as they may not have the time to devote to using this software in depth. This can result in the software not being used properly or even lead to additional frustration.

With our Media & PR Database we offer you a powerful and time-saving PR tool and THE alternative to expensive PR software or outdated Excel lists.

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