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Offline Marketing - Everything you need to know

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

In a world that is becoming more and more digital, it sometimes seems as if offline marketing measures are becoming less important. But that is a fallacy. Especially in times of information overload, advertising messages that are perceived offline can often achieve greater attention and impact than digital ads or social media posts. In this article we would like to introduce you to some proven offline marketing measures that are still relevant today.

Meetings and events

Shows and events are a great way to raise awareness of your brand and encourage customer loyalty. Whether it's an opening ceremony, a product launch or a networking event, such events create an emotional bond with your company and your products. You also have the opportunity to get to know potential customers personally and thus receive direct feedback.

Print advertising

Print advertising is still an effective way to reach your target audience. Whether it's ads in magazines or newspapers, flyers or posters, print advertising can achieve a high recognition value. However, make sure that your advertising is eye-catching and creative in order to stand out from the mass of print advertising.

Direct marketing

Direct marketing is a form of marketing where you address your target audience directly. You can use mailings or personal letters, for example. A personalized approach can be particularly effective here. However, you should make sure that your advertising is not perceived as spam.

Outdoor advertising

Outdoor advertising can come in many different forms, for example in the form of posters, advertising banners or vehicle lettering. Especially in cities, outdoor advertising can achieve a high reach and quickly attract attention. However, make sure that your advertising is not too intrusive and that it blends harmoniously into the cityscape.

Guerilla marketing

Guerrilla marketing refers to unconventional and creative marketing measures that can often be implemented with a small budget. The aim here is to attract attention and arouse the interest of the target group through unexpected and surprising actions. A creative and original idea can often attract more attention than a classic advertisement.

Conclusion:

Offline marketing measures are still an important part of the marketing strategy of many companies. Events, print advertising, direct marketing, outdoor advertising and guerrilla marketing still offer many opportunities today to attract the attention of potential customers and to make your brand better known. However, you should make sure that your offline marketing measures are well thought out and used in a targeted manner in order to achieve the greatest possible success.

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Planning media-effective actions for PR/public relations & marketing - ideas, examples and strategies

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

Media-effective campaigns are an effective way of generating attention for a cause, a product or a company. The idea is to plan and carry out an action that is so unusual, entertaining or sensational that it is picked up by the media. But how can you plan a media-effective campaign and which strategies are promising?

Creativity and originality

One of the most important strategies for a media-rich action is creativity and originality. The action must be unique or entertaining enough to attract media attention. Unusual concepts, whimsical ideas or humorous elements can help.

Controversial or topical

A controversial or topical issue can also support a media-rich action. If the action addresses a current social trend or controversial issue, this can help get media coverage.

Target group orientation

A media-effective campaign should always be geared to the target group. This is not only about the interests of the target group, but also about the channels on which they are active. For example, if the target group is active on social media, a campaign on these platforms can generate more attention.

Partnerships

Partnering with other companies, organizations or influencers can also support a media-rich promotion. If both parties use their reach to promote the action, this can help the action get picked up by the media.

Timing

Timing is another important factor for a media-rich action. It is important to plan the action so that it occurs at a time when the media will be aware of it. For example, a promotion can be planned before a major event such as a trade show or conference.

Budget

Budget is an important factor for a media-rich promotion. However, it is not essential to have a large budget to run a successful promotion. A creative idea can often be implemented even with a small budget.

Examples of media-effective actions are, for example, flash mobs, guerrilla marketing actions or spectacular stunts. A well-known example of a media-effective action is the Ice Bucket Challenge, in which people doused themselves with a bucket of ice water to raise funds for research into ALS disease.

Overall, media-rich campaigns are an effective way to generate attention for a cause, product or company. A creative and original idea, a target group-oriented approach and the right timing can all contribute to a media-effective campaign becoming successful and being picked up by the media.

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Acquisition costs in B2B - What does a new customer cost?

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

In the world of business-to-business (B2B) sales, customer acquisition is a crucial part of any successful marketing strategy. But how much does it actually cost to acquire a new customer? This is a question that many businesses struggle to answer, yet it is essential to understanding the ROI of your marketing efforts and determining the appropriate budget for future campaigns.

Acquisition costs refer to the total expenses incurred to acquire a new customer. These costs include all marketing and sales expenses associated with generating leads, nurturing prospects, and closing sales. Some of the most common acquisition costs in B2B sales include:

Advertising costs: This includes the cost of paid search ads, display ads, social media ads, and other online advertising campaigns.

Content creation costs: This includes the cost of creating content such as blog posts, ebooks, whitepapers, and other educational materials that are used to generate leads and nurture prospects.

Sales and marketing salaries: This includes the salaries of your sales and marketing teams, including any bonuses or commissions they receive for closing sales.

Technology costs: This includes the cost of any technology platforms used for marketing automation, customer relationship management (CRM), and other sales and marketing tools.

To calculate the acquisition cost of a new customer, you need to add up all of these expenses and divide them by the number of new customers acquired during a given period.

For example, if you spent $100,000 on advertising, content creation, sales and marketing salaries, and technology costs, and you acquired 50 new customers during that period, your acquisition cost per customer would be $2,000.

Understanding your acquisition costs is critical because it allows you to determine the ROI of your marketing and sales efforts. If your acquisition costs are higher than the lifetime value of a customer, then you are not generating a positive ROI and need to make adjustments to your marketing strategy. On the other hand, if your acquisition costs are lower than the lifetime value of a customer, then you are generating a positive ROI and can allocate more resources to marketing and sales efforts.

In conclusion, understanding your acquisition costs in B2B sales is essential to running a successful marketing and sales strategy. By tracking your acquisition costs and making adjustments to your marketing and sales efforts, you can ensure that you are generating a positive ROI and achieving your business goals.

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Running Ads on Google Ads [2023 Update]

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

Google Ads is one of the most effective platforms to reach your target audience online. With Google Ads you can place ads that are tailored to your potential customers' needs and showcase your products or services. In this article, you will learn how to run ads on Google Ads and what to look for when creating ads.

Step 1: Create a Google Ads account

To be able to place ads on Google Ads, you first need to create a Google Ads account. Go to the Google Ads website and click "Get started now". Follow the instructions to set up your account.

Step 2: Keyword research

Before you can create ads, you need to do keyword research. Keywords are the search terms that potential customers type into Google when searching for products or services. Find out what keywords your target audience uses and what relevant search terms exist.

Step 3: Create a campaign

After the keyword research, create a campaign. Choose the goal of your campaign (e.g. more traffic to your website or higher sales) and set the budget you want to spend on the campaign.

Step 4: Create ad groups

Within your campaign, you can create multiple ad groups. Each ad group has a specific topic and a group of keywords related to that topic. Here you can also specify which landing page you want users to be directed to.

Step 5: Create ads

Create ads that match the specific ad groups. Choose a headline and description that showcase your products or services in an appealing way. Make sure your ads provide clear value to users and are tailored to your target audience.

Step 6: Determine the ad format

There are different ad formats you can choose from, such as text ads, display ads, or video ads. Choose the ad format that best suits your business and your goal.

Step 7: Target audience settings

Determine the target audience you want to reach with your ads. Here you can select demographic characteristics, interests, or user behavior, for example.

Step 8: Bidding

Determine how much you want to bid for each click on your ad. Here you should be guided by your budget and target groups.

Step 9: Monitor and optimize

Monitor your campaign regularly and optimize it as needed. Analyze which ads are performing well and which are not, and adjust your campaign accordingly.

Conclusion

Running ads on Google Ads can be a very effective online marketing strategy for businesses. Careful keyword research, targeted are key.

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Placing ads on Google Ads - What you should know

02/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Google Ads is one of the most effective platforms to reach your target audience online. With Google Ads you can place ads that are tailored to your potential customers' needs and showcase your products or services. In this article, you will learn how to run ads on Google Ads and what to look for when creating ads.

Step 1: Create a Google Ads account

To be able to place ads on Google Ads, you first need to create a Google Ads account. Go to the Google Ads website and click "Get started now". Follow the instructions to set up your account.

Step 2: Keyword research

Before you can create ads, you need to do keyword research. Keywords are the search terms that potential customers type into Google when searching for products or services. Find out what keywords your target audience uses and what relevant search terms exist.

Step 3: Create a campaign

After the keyword research, create a campaign. Choose the goal of your campaign (e.g. more traffic to your website or higher sales) and set the budget you want to spend on the campaign.

Step 4: Create ad groups

Within your campaign, you can create multiple ad groups. Each ad group has a specific topic and a group of keywords related to that topic. Here you can also specify which landing page you want users to be directed to.

Step 5: Create ads

Create ads that match the specific ad groups. Choose a headline and description that showcase your products or services in an appealing way. Make sure your ads provide clear value to users and are tailored to your target audience.

Step 6: Determine the ad format

There are different ad formats you can choose from, such as text ads, display ads, or video ads. Choose the ad format that best suits your business and your goal.

Step 7: Target audience settings

Determine the target audience you want to reach with your ads. Here you can select demographic characteristics, interests, or user behavior, for example.

Step 8: Bidding

Determine how much you want to bid for each click on your ad. Here you should be guided by your budget and target groups.

Step 9: Monitor and optimize

Monitor your campaign regularly and optimize it as needed. Analyze which ads are performing well and which are not, and adjust your campaign accordingly.

Conclusion

Running ads on Google Ads can be a very effective online marketing strategy for businesses. Careful keyword research, targeted targeting and constant optimization are the keys to online marketing success.

Once the ads are placed, it is important to monitor them continuously and adjust them if necessary to ensure that they are effective and achieve the desired goal.

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