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What is acquisition?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Acquisition refers to the systematic acquisition of new customers or clients for a company or organization through an active sales pitch or other form of approach. Acquisition is a combination of sales promotion and customer retention. The purpose of canvassing is to attract new customers or clients who will support the business or organization by purchasing its services or products. Acquisition can take place in a variety of ways, such as a face-to-face sales call, customer outreach, direct mail, or online marketing.
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How to develop a successful sales strategy

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

1. Understand your target customers: To develop a successful sales strategy, you must first understand your target audience. Get an overview of what needs your target group has and what your products or services can solve for them.

2. Define your sales goals: Before you start developing your sales strategy, you need to have a clear understanding of what you want to achieve. Goals can be sales figures, market share, or number of new customers. They will help you map out your strategy and take action to help you achieve those goals.

3. Develop a sales plan: After you have clearly defined your goals, it's time to develop a sales plan. This plan will include all the steps you need to take to achieve your goals. Remember that your plan should be specific and include specific actions and activities.

4. Measure your success: Once set up, you need to execute your sales plan and measure the results of your efforts. Measure your success using metrics such as revenue, new customer acquisition, and customer retention. This way you can see if your strategy is having the desired success and where improvements need to be made.

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6 tips to attract new customers faster

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

1. Create a clear market positioning: Identify your target group and create a clear market positioning that addresses your target group. This will allow you to focus on those customers who really need your products and services.

2. Conduct a new customer acquisition: Define a new customer acquisition strategy that addresses your target audience. Conduct a solid new customer acquisition by reaching out to your target audience and gathering relevant information about them.

3. Provide engaging content: Create engaging content that appeals to your target audience. This can be in the form of blogs, emails, videos, webinars and more. This content can engage potential customers and create an interest in your business.

4. Develop an email marketing program: develop an email marketing program to make potential customers aware of your services. Try to personalize your email marketing channel to understand the preferences of your target audience.

5. Use social media: use social media to stay in touch and attract new customers. Post interesting content regularly and offer special deals to your followers to attract them.

6. Make use of referral programs: Make use of referral programs to attract new customers. Ask your existing customers to recommend your company to attract new customers.

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What is new customer acquisition?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
New customer acquisition is the process of acquiring new customers. It usually involves a combination of marketing, sales and customer service. The purpose is to identify, educate and attract new customers. This process often requires a combination of creative strategies, techniques and tools to reach and retain new customers.
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What are acquisition costs?

12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Acquisition costs are costs incurred in acquiring new customers. They include, among other things, costs for advertising, sales and marketing, but also costs for setting up customer service and support services.
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