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News / Blog: #biggest-mistakes

What are the biggest mistakes in marketing?

11/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Lack of target group analysis: an essential part of marketing is to understand and analyze the target group. If companies skip this step, it can be difficult to choose the right channels, advertising messages and strategies to reach the target audience.

2. Not being up to date: The ever-changing trends in digital marketing make it difficult for businesses to stay up to date. If businesses don't stay up to date, they can lose potential customers.

3. Insufficient resources: Many businesses don't have the necessary resources to launch and run successful marketing campaigns. Without enough staff, time and budget, it can be difficult to find a path to success.

4. Unclear messaging: When companies don't clearly define what they want to communicate to their customers, it can be difficult to send the right message to the right audience. Unclear messages can lead to misunderstandings and poor customer experiences.

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What are the biggest mistakes in sales?

11/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Not listening: A common mistake in sales is not listening to the needs of the customer.

2. Not being prepared: Another mistake that many sales people make is that they are not prepared when they make a sales call.

3. Talking too much: Talking too much is another common sales mistake. The sales rep should let the customer finish and focus on their needs.

4. Unprofessional appearance: An unprofessional demeanor can quickly lead to a customer having a bad image of a sales representative.

5. Not using the right communication: Another mistake in sales is not using the right communication to convince the customer.

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What are the biggest mistakes when placing Youtube ads?

08/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When placing YouTube ads, there are several mistakes that can be made that can negatively impact the effectiveness and success of the campaign. Here are some of the biggest mistakes that can be made:

Missing targeting: if targeting is not configured properly, ads may be served to the wrong audience. This can lead to low engagement and low conversion rates.

Inadequate ad preparation: Poor design or uninteresting content in the ads may fail to capture viewers' attention. It is important to create engaging and relevant ads to capture viewers' interest.

Missing Call-to-Action (CTA): A clear and compelling call-to-action in the ad is critical to getting viewers to respond to the ad. Without a clear CTA, the ad may miss its mark.

Missing monitoring and optimization: continuous monitoring and optimization of ad campaigns is important to maximize success. Failure to make adjustments to respond to ad performance can result in wasted budgets and ineffective advertising.

Ignoring Analytics Data: YouTube provides detailed analytics data for ad campaigns. If this data is not regularly reviewed and analyzed, it can be difficult to measure campaign success and make necessary adjustments.

Wrong message or tone of voice: It is important to understand the target audience and choose a message and tone of voice that matches. A poorly chosen or inappropriate message can deter audience interest.

Advertisements that are too long or too short: The length of the ad is critical. If the ad is too long, it can bore viewers and make them skip it. On the other hand, an ad that is too short may not convey enough information to keep viewers interested.

It is important to avoid these mistakes and conduct thorough planning, monitoring, and optimization of YouTube ad campaigns to achieve the best possible results.

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What are the biggest mistakes when selling a business?

08/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient preparation: sellers who do not invest sufficient time and effort in researching and preparing for the sale of the business are prone to making mistakes.

2. Unclear price expectations: If the seller doesn't have a clear idea of how much they want to get for their business, it can be difficult to get a realistic price.

3. Lack of expertise: A seller who does not have the expertise needed may not be able to ask the right questions to close a successful deal.

4. Insufficient documentation: a seller who does not provide all relevant documents and records may have a hard time closing a deal.

5. Lack of communication with investors: If a seller is unable to communicate convincingly to investors or answer important questions, it can slow down the sales process.

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What are the biggest mistakes as a salesperson?

06/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Waste too much time on non-profitable activities.

2. Not working to build quality relationships with customers.

3. Spending too much time selling new business and not enough time building on existing business.

4. Not spending enough time on lead generation activities.

5. Not knowing how to make successful sales calls.

6. Not spending enough time acquiring market knowledge.

7. Not trying to identify and focus on a target group.

8. Not trying to learn new sales techniques.

9. Not having a clear strategy for pricing.

10. Not being able to solve a problem if it is one.

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