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Starting a career in PR consulting - What do you earn in a PR agency?

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

Salaries in a PR agency can vary depending on region, agency size, experience and area of responsibility. Here are some average salaries for various positions in PR consulting in Germany:

Junior PR consultant: 28,000 - 36,000 euros gross per year.

PR consultant with professional experience: 36,000 - 54,000 euros gross per year

Senior PR consultant: 54,000 - 80,000 euros gross per year

PR manager: 65,000 - 100,000 euros gross per year

Managing director of a PR agency: 100,000 - 200,000 euros gross per year

It is important to note that these are only averages and that the salary may also depend on other factors such as educational qualifications, experience, skills and the agency. In addition, there can also be differences between regions, with salaries in large cities such as Berlin, Munich or Hamburg usually being higher than in smaller cities.

As a rule, PR agencies also offer additional benefits such as a company pension plan, paid vacation, flexible working hours and opportunities for further training.

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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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What should I study to become a PR consultant in a PR agency?

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

To become a PR consultant in a PR agency, you should ideally have a bachelor's or master's degree in public relations, communications, journalism, marketing or a similar field. During your studies you should learn skills such as writing, storytelling, media relations, crisis communication, market research and event management.

It is also important to gain practical experience through internships or jobs in the PR industry to get an understanding of working in an agency and acquire relevant skills and knowledge.

As a PR consultant in a PR agency, it is an advantage if you have a passion for working with people and the ability to develop and maintain relationships with clients, journalists and other stakeholders. Strategic thinking, creativity and a feel for trends and developments in the industry are also important in order to be successful.

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The most common problems of solo self-employed and how to solve them

03/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Solo self-employed people are often on their own and can face challenges that affect their ability to succeed. Here are some of the most common problems solo self-employed people face and how to solve them:

Lack of client acquisition

A common problem for solo self-employed people is a lack of client acquisition. Many solo self-employed people struggle to find enough customers to sustain their business.

Solution: solo self-employed professionals should develop a comprehensive marketing strategy aimed at getting the word out about their business and attracting quality customers. This includes creating high-quality content, using social media platforms, and attending industry events.

Difficulty with pricing

Another common problem for solo self-employed professionals is difficulty with pricing. It can be difficult to find the right price for products or services that are attractive to customers while also being profitable for the business.

Solution: Solo self-employed professionals should develop a comprehensive pricing strategy based on market demand, costs, and the value the business provides. It is important to find the right price that keeps the business profitable while being attractive to customers.

Time management problems

Another common problem for solo self-employed workers is time management issues. It can be difficult to find a balance between work and other commitments, especially when working alone.

Solution: solo self-employed workers should develop an effective time management strategy to help them use their time effectively and find a balance between work and other commitments. This includes scheduling breaks, setting priorities, and using tools such as to-do lists and calendars.

Difficulties with bookkeeping and tax returns

Another common problem for solo self-employed workers is difficulty with bookkeeping and tax returns. It can be difficult to keep on top of finances and file the right tax returns.

Solution: solo self-employed individuals should make sure they have an effective accounting strategy that allows them to manage their finances effectively and file all required tax returns on time. It is also important to consult a tax advisor to ensure that all tax requirements are met.

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PR & Public Relations Price List - What does press relations cost?

02/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Press relations and public relations are of great importance for companies and organizations to increase their visibility, improve their image and reach their audience. Most companies therefore want to integrate PR and public relations into their marketing strategies. However, the question that arises is: how much does public relations cost?

To answer this question, several factors must be considered. The cost of press relations depends on the size of the company, the scope of the work, the type of media to be handled and the complexity of the issue. Therefore, a PR and public relations agency will usually adjust its prices to the needs and requirements of its clients.

To get an overview of the costs for press relations and public relations, you should find out about the common pricing models offered by PR agencies.

Hourly: Many PR agencies charge for their services on an hourly basis. The hourly rate depends on the consultant's experience and expertise. The higher the qualifications and experience of the consultant, the higher the hourly rate will be. On average, you can expect an hourly rate of 100 to 250 euros.

Project basis: Some PR agencies charge for their services on a project basis. This means that they charge a flat rate for all the work required for the project. The price here depends on the scope and complexity of the project.

Retainer model: in this model, the client pays a monthly fee to hire a PR consultant or a team of consultants for a specified period of time. The fee varies depending on the agency and the scope of work.

In addition to these pricing models, there may also be additional costs, such as costs for materials like printing, shipping and translations.

To reduce costs associated with PR and public relations, companies can also leverage their internal resources, such as employees who are skilled in public relations or have the ability to write internal newsletters and social media posts.

Overall, there is no blanket answer to the question of what press relations costs. Costs depend on a variety of factors and should always be negotiated on an individual basis. However, companies should keep in mind that good PR and public relations is an important investment in their brand awareness and success.

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