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How to develop an advertising strategy for more success

03/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A successful advertising strategy requires careful planning and execution. Here are some steps you can take to develop an advertising strategy that will lead to greater success:

Target Audience Analysis: identify your target audience and their needs. Define who your target audience is, where they can be found, what their interests are, and what problems they have that your products or services can solve.

Goal setting: define your goals and measure the success of your advertising strategy. Set realistic goals and measure the success of your promotions to ensure you are on track.

Budget planning: set a budget for your advertising strategy. Determine how much you want to spend on advertising and what type of advertising will be most effective for your target audience.

Select channels: Select the channels you want to advertise on. Analyze which channels are most relevant to your target audience and use them to place your ads.

Develop message: Develop a message that appeals to your target audience and portrays your brand or products in a positive light. Make sure your message is clear and concise and highlights the benefits of your products or services.

Timing: Set a schedule for your promotions. Determine the optimal time to reach your target audience and plan your promotions accordingly.

Monitor and adjust: Monitor the success of your promotions and adjust your strategy accordingly. Analyze the results of your advertising and make changes to optimize your strategy and achieve your goals.

By taking these steps and developing a carefully thought-out advertising strategy, you can effectively reach your target audience and increase your chances of success.

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Starting a business - you should consider this in advance

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

If you are planning to start a business, there are a few important points that you should consider beforehand. Here are some aspects to consider:

Business Idea: Think about what products or services you want to offer. Do a market analysis to see if there is demand and how tough the competition is.

Target group: Determine your target group and analyze their needs and expectations. Think about how you can best achieve them and which marketing strategies you can use to achieve this.

Financing: Create a business plan to calculate your costs, income and financing needs. Consider whether you can contribute equity or whether you would like to use external financing options.

Legal form: Decide on a suitable legal form, e.g. as a sole trader or as a GmbH. Pay attention to tax, legal and organizational aspects.

Official registrations: Find out about the necessary official registrations and permits, e.g. business registration, tax registration and IHK contributions.

Insurance: Check which insurances are necessary for your company, e.g. liability insurance, business liability insurance and health insurance.

Schedule: Create a realistic schedule that includes all necessary steps and milestones. Also note buffer times for unforeseen events.

Network: Build up a network, e.g. through contacts with potential customers, business partners, suppliers and consultants.

It is important that you take sufficient time to plan your business start-up and that you have the support of experienced consultants in order to minimize possible risks and start your company successfully.

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Attract new customers - With these strategies, B2B customer acquisition becomes child's play

03/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Acquiring new customers in the B2B space can be challenging, but with the right strategies, it can become easier. Here are some tips on how to attract new customers:

Target group analysis: Analyze your target group and find out which companies and industries best suit your offer. Use online research and databases to find suitable contacts.

Personalized Speech: Make sure you use a personalized speech to target prospects. Avoid mass emails and make sure your message is tailored to the unique needs and challenges of the business.

References and recommendations: Use existing customers to acquire new customers. Ask your satisfied customers to recommend you or give you a recommendation. Also use reference customers in your marketing material and on your website.

Networking: Attend industry events, conferences and trade shows to meet potential customers. You can also use online networks such as LinkedIn to make new contacts.

Content Marketing: Use content such as blog articles, white papers, case studies or webinars to show your expertise and inform potential customers. Make sure you target your content to your audience and distribute it accordingly.

Phone prospecting: Use phone prospecting to reach potential customers directly. Make sure you research the company and contact person well beforehand and have a clear offer or request.

Social media marketing: Use social networks such as LinkedIn, Twitter or Xing to network and present your company. Make sure you are active and participating in discussions.

Follow-up: Make sure you follow up with prospects regularly after they have been contacted. Track offers and ensure you respond to inquiries in a timely manner.

The acquisition of new B2B customers requires perseverance and a systematic approach. It is important that you regularly measure and optimize your activities in order to be successful.

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The Pareto Principle in Customer Acquisition - How to Win More Customers with Simple Means

03/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Pareto principle is an important tool for customer acquisition. It enables companies to identify those customers who bring the greatest benefit. By applying the Pareto Principle correctly, companies can acquire more customers while using their resources more efficiently.

The term Pareto principle was named after the Italian economist Vilfredo Pareto. Pareto noted that 80% of a country's income is allocated to 20% of the population. On this basis, Pareto established the Pareto Principle.

The Pareto principle states that 80% of the result is achieved by 20% of the activity. In customer acquisition, this means that companies generate 80% of revenue from the 20% of their best customers. Therefore, it is important that companies identify and target these 20%.

An easy way to apply the Pareto principle in customer acquisition is to analyze customer data. With the help of data analysis, companies can find out which customers generate the most sales. These customers can then be targeted and given preferential treatment.

Companies can also apply the Pareto principle to identify their customer segment. By segmenting customers according to various criteria such as age, income, occupation and interests, they can find out which type of customer generates the most sales. This group can then be selected as the target group for customer acquisition.

The Pareto principle can also be used to select the right advertising and communication channels. Companies can collect data on those channels that generate the most sales and then focus on using those channels.

The Pareto principle is a useful tool to help companies acquire customers. It helps companies identify those customers that bring in the most revenue and allows them to use their resources more efficiently. With the help of the Pareto principle, companies can acquire more customers and increase their sales.

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PR consulting in Hamburg, Berlin, Munich - This is what you can expect

03/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

As a PR consultancy in Hamburg, Berlin or Munich, you can expect professional advice and support on all aspects of public relations. Here are some of the services and benefits you can expect from a PR consultancy:

Strategy development: the PR consultancy will help you develop a customized PR strategy tailored to the specific needs of your company and target audience.

Media relations: PR consulting will help you plan and execute successful media relations, including contacting journalists and placing articles in the media.

Crisis management: PR consulting will assist you in crisis prevention and management to ensure that you respond appropriately in difficult situations and protect your company's reputation.

Social media marketing: PR consulting can help you build and optimize your social media presence to gain greater reach and engagement from your target audience.

Event management: PR consulting can help you plan and execute events such as press conferences, product launches and other events.

Content creation: PR consulting can help you create content for various media formats such as press releases, blogposts and newsletters.

Monitoring and analysis: PR consulting will help you monitor and analyze your PR activities to ensure you are meeting your goals and adjust your PR strategy when necessary.

In summary, you can expect comprehensive advice and support in all areas of public relations from a PR consultancy in Hamburg, Berlin or Munich to improve your company's visibility and reputation and effectively address your target audience.

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