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Customer acquisition cost in B2B - What does it cost to acquire a new business customer?

12/07/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The cost of acquiring a new business customer depends on various factors. These factors can vary depending on the industry, the size of the company, and the potential customer. Nevertheless, there are some general guidelines to keep in mind.

In general, it costs companies between 5% and 15% of total revenue to acquire a new business customer. This percentage, known as the Customer Acquisition Cost (CAC), is made up of the cost of creating leads, acquiring them, and maintaining them.

In addition, customer service is often required to help customers integrate with the platform and provide further support as needed. These costs must also be included in CAC calculations.

It is important that companies have a CAC budget to track and control their investments in customer acquisition. This is the only way they can ensure that they achieve their goals and generate a positive ROI.

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What are data science practices?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Data ingestion and analysis: data ingestion is the process of collecting, processing, and analyzing data from various sources to gain useful insights.

2. Data visualization: this is the process of presenting data in visual formats such as charts, graphs, and maps to identify trends and gain insights.

3. Machine learning: machine learning is a branch of artificial intelligence that enables computers to learn from experience without being explicitly programmed.

4. Predictive analytics: predictive analytics is a process of using data to predict possible future events and make decisions based on them.

5. Deep learning: deep learning is a subfield of machine learning in which so-called neural networks are used to solve complex problems.

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With little effort, achieve the maxinal results - thanks to Pareto

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Pareto is an ideal approach to achieve maximum results with little effort. It's a simple principle that says 80% of results come from 20% of effort. With this approach, you can focus your effort on the most important tasks, which will help you achieve better results faster. This allows you to use your resources more efficiently and achieve more results with less effort.
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How to gain more contacts with your newsletter

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Use social media to promote your newsletter. Do this by creating posts, encouraging your followers to sign up and sharing your newsletter on platforms like Twitter, Facebook or Instagram.

2. Include a call-to-action on your website and encourage your visitors to sign up for your newsletter. To do this, choose an eye-catching color combination and a clear, understandable headline.

3. Provide value to your readers: give your subscribers a gift, such as a free e-book, when they sign up for your newsletter.

4. Build a sign-up option into your emails. To do this, you can include a link in your emails that allows recipients to sign up for your newsletter.

5. Use an automated welcome program/onboarding to welcome and provide value to new subscribers.

6. Create a newsletter widget that you can embed on your website or blog to attract more subscribers.

7. Add a sign-up option to your newsletter via a QR code.

8. Create a video talking about your newsletter and encourage your viewers to sign up.

9. Ask your customers to recommend your newsletter to others.

10. Offer a bonus when new subscribers sign up for your newsletter.

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How to win customers with a whitepaper

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A whitepaper is a detailed report on a specific topic that adds value for readers. It is an excellent way to attract customers and build a relationship.

1. Publish your whitepaper on your website and various social media. Make sure your whitepaper is visible everywhere your target audience is active.

2. Offer your whitepaper for free download. This will increase visibility and reach more people who are interested.

3. Run an email campaign to market your whitepaper. Send emails to your contact list to make sure everyone knows about your whitepaper.

4. Add incentives to get readers to download and read your whitepaper. For example, you can offer a gift or special perk if they download the whitepaper.

5. Share your whitepaper with your networks and partners. This will increase the reach and grow your customer base.

6. Regularly publish new content and update your whitepaper. This builds trust and shows your customers that you are making an effort to always provide them with the latest information.

7. Be active in online forums and offer your whitepaper for download. This is an excellent way to attract new customers.

By creating a whitepaper and marketing this content, you can attract new customers and expand your audience. This will help you build a long-lasting relationship with your customers and increase your sales.

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