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Handling objections - solving objections for more deals

02/01/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Handling objections in a sales conversation is an essential part of a successful sales process. The salesperson must be able to resolve objections from the customer before they can close the deal. Objections are a natural part of the sales process as the customer tries to get a better price or a better product. It is therefore important that the salesperson has a strategy to handle objections professionally and resolve them in his or her favor.

Objection handling in a sales call starts with immigration recognition. The salesperson must recognize and understand the customer's objection in order to resolve it. To recognize the objection, the salesperson must listen carefully and pay attention to the customer's nonverbal communication. The salesperson must also be willing to ask questions to obtain more information and clarify the objection.

After the salesperson has identified the objection, he or she can begin to address the objection. To resolve an objection, the salesperson must offer a solution that meets the customer's needs. To do this, he must develop an understanding of why the objection exists and how to resolve it. The salesperson must convince the customer that the solution he offers is to his advantage.

Objection handling in a sales conversation also requires that the salesperson have an appropriate and professional response to objections from the customer. This includes the salesperson never being aggressive or rude. The salesperson also does not need to engage in a heated discussion, but instead should try to resolve the objection without arguing.

Handling objections in a sales call is an important part of a successful sales process. The salesperson must be able to recognize, understand, and resolve customer objections in order to achieve a successful close. The salesperson must respond professionally and appropriately to customer objections and offer a solution that meets the customer's needs to achieve a positive outcome.

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Salary report: Income of professors in Germany in 2024

02/01/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Professors play a crucial role in the educational landscape and make an important contribution to academic research and teaching. But what will the income of professors in Germany look like in 2024? A closer look at the current situation provides insights into the financial reality of these key figures in the education sector.

The role of professors

Professors are experienced experts in their respective fields and make a significant contribution to training the next generation of specialists and academics. They are not only involved in teaching, but are also active in research.

Remuneration range in Germany in 2024

The income of professors varies depending on subject area, academic rank, type of university and experience. However, there are certain trends and averages that provide an insight into remuneration practices.

Income factors

Subject area: The subject area influences income. Fields with higher demand or specialization tend to offer higher salaries.

Academic rank: Academic rank, such as assistant professor, junior professor or full professor, can influence salary.

Type of higher education institution: Different types of higher education institutions (universities, universities of applied sciences) offer different salary structures.

Experience: Professional experience, both in teaching and research, plays a role in determining salary.

Income components

The income of professors is made up of various components:

Base salary: The base salary, which is based on academic rank and experience.

Performance-related bonuses: Additional bonuses may be granted based on outstanding research or teaching.

Research funding: Professors often have access to research funding for their projects.

Challenges in the university sector

Acquiring third-party funding: Professors are often required to acquire third-party funding for their research projects.

Pressure to perform: Competition for research funding and reputation can create high pressure to perform.

Market demand and trends

The market demand for specialists in certain subject areas and the trend towards digitalization influence the income situation of professors.

Conclusion

The income of professors in Germany in 2024 reflects the diversity and demands in the higher education sector. While remuneration is generally solid compared to other professional fields, professors face various challenges in the academic environment. However, their role as knowledge brokers and researchers remains central to the development of society.

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Salary report: Income of startup founders in Germany in 2024

02/01/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Founding a startup requires not only courage and creativity, but also a willingness to make financial sacrifices. What will the income of startup founders in Germany look like in 2024? A closer look at the current situation provides insights into remuneration practices in this dynamic and challenging field.

The role of startup founders

Startup founders are innovators, visionaries and entrepreneurs who want to turn their ideas into reality. They are responsible for the development, financing and success of their startup.

Remuneration range in Germany in 2024

The income of startup founders in 2024 varies greatly and depends on various factors, including the industry, the company's success and the phase of startup development.

Income factors

Industry: The industry in which the startup operates influences the founders' income. Industries with higher growth and higher investments tend to provide higher incomes.

Company success: The success of the startup, measured in terms of sales, customer acquisition and market position, plays a decisive role in the founders' income.

Financing rounds: Participation in successful financing rounds can have a positive impact on founders' income through share sales and profit sharing.

Income components

The income of startup founders is made up of various components:

Base salary: Founders can receive a fixed base salary, especially if the startup is already generating revenue.

Profit sharing: Profit sharing is often linked to the company's success and can take the form of dividends or share sales.

Shareholdings: The value of your own shares in the startup can have a significant impact on your total income.

Risks and opportunities

Founding a startup entails financial risks, as many founders are dependent on personal savings at the beginning. At the same time, successful startups offer the opportunity to generate significant profits through exit strategies such as sales or IPOs.

Market demand and trends

Demand for innovative solutions and technologies remains high, which means opportunities for many startups. The focus is particularly on sectors such as fintech, healthcare and sustainability.

Conclusion

The income of startup founders depends on many variables and can fluctuate greatly from year to year. Founding a startup not only requires financial sacrifice, but also offers the opportunity for significant financial rewards if successful. The road to business success is challenging, but the opportunity to drive innovation and impact the economy makes the journey worthwhile for many founders.

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Gehaltsreport: Einkommen von Solopreneuren in Deutschland 2024

02/01/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The world of work has changed dramatically in recent years, and more and more people are choosing to go their own way as solopreneurs. Solopreneurs, also known as sole traders or the self-employed, are responsible for their own business. But what will the income of solopreneurs in Germany look like in 2024? A closer look at the current situation provides insights into remuneration practices in this growing sector.

The importance of solopreneurs

Solopreneurs are individual entrepreneurs who run their businesses alone. They can be active in a variety of industries, from creative services to consulting to technological innovation.

Remuneration range in Germany in 2024

The income of solopreneurs in 2024 varies depending on the industry, services provided, experience and ability to attract clients.

Income factors

Industry specification: The industry in which a solopreneur works has a significant impact on income. Creative industries may have different compensation models than technology-oriented or consulting fields.

Services and expertise: The range of services offered and the solopreneur's expertise play a role. Highly specialized professionals may tend to charge higher fees.

Customer acquisition and market positioning: The ability to acquire customers and position yourself on the market has a significant impact on income. A strong brand and effective marketing can lead to higher revenues.

Experience and network building: Experienced solopreneurs who have an established network often have access to more lucrative projects and clients.

Remuneration methods

Solopreneurs can utilize a variety of compensation methods, including:

Hourly rates: Many solopreneurs charge for their services on an hourly basis. Hourly rates can vary from €30 to €150 or more.

Project-based fees: Some solopreneurs prefer to charge project-based fees based on the scope and complexity of a project.

Monthly retainer: In some cases, solopreneurs work with clients on a monthly basis and receive a fixed retainer.

Company expenses and taxes

Solopreneurs should also consider business expenses and taxes, which can have a significant impact on disposable income.

Market demand and trends

Demand for solopreneurial services remains high as companies and organizations increasingly turn to flexible outside expertise.

Conclusion

Solopreneurs play a significant role in the modern economy and offer a variety of services. Their income depends on a variety of factors, and the flexibility that comes with this form of business allows them to shape their own paths to success. Smart market positioning, effective client acquisition and continuous skills development are crucial to succeeding as a solopreneur and earning a satisfactory income.

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Salary report: Income of travel photographers in Germany in 2024

02/01/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Travel photography captivates not only through breathtaking images but also offers the opportunity to explore the world. However, what does the income of travel photographers in Germany look like in 2024? A detailed look at the current situation provides insights into the compensation practices in this adventurous profession.

The Role of Travel Photographers

Travel photographers combine their passion for photography with the exploration of new places. They capture not only the beauty of landscapes and cultures but also share their travel experiences through images on social media, magazines, or travel blogs.

Compensation Range in Germany 2024

The income of travel photographers in Germany in 2024 varies depending on various factors, including experience, recognition, the type of publications, and collaborations with travel companies.

Fees per Assignment and Publication

Travel photographers receive fees per assignment or publication of their images. In Germany, fees typically range from €200 to several thousand euros per assignment. Collaborations with renowned magazines or travel companies can enable higher fees.

Specialization and Niche Markets

Some travel photographers specialize in specific niche markets, be it adventure travel, luxury travel, or cultural reports. Specialization can lead to higher fees and appeal to a targeted audience.

Technical Requirements and Equipment

The equipment requirements are high to create high-quality images in different environments and lighting conditions. Investments in professional cameras, lenses, and accessories are necessary.

Collaboration with Travel Companies

Collaborating with travel agencies, hotels, or tourism boards influences the number of assignments. Long-term partnerships can lead to regular assignments and cover the costs of travel and accommodation.

Self-Marketing and Online Presence

Self-marketing plays a crucial role in success as a travel photographer. A strong online presence, social media marketing, and maintaining a travel blog can increase visibility and reach potential clients.

Flexibility and Adaptability

Travel photography requires flexibility and adaptability as projects are often tied to different locations and cultures. The ability to quickly adjust to different environments is crucial.

Recommendations and Social Proof

Recommendations from satisfied customers and building positive social proof through likes, followers, and positive comments enhance credibility and attract potential clients.

Conclusion

The income of travel photographers in Germany in 2024 offers an exciting blend of adventure and profession. Success depends on the combination of photographic talent, self-marketing, and the ability to capture unique travel experiences. Travel photographers contribute to experiencing the world through their lens and inspire people worldwide.

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