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Positioning: Why it's so important for your business

03/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The positioning of your company is the key to your success. It is what differentiates your company from others and what makes it unique. Positioning helps you define your business and brand and present it to potential customers. Here are some reasons why positioning is so important:

Differentiation from competitors

Positioning helps you differentiate your business from your competitors. There are many companies that offer similar products or services to yours. By clearly defining your positioning, you can ensure that you stand out from the competition and attract potential customers to you.

Clarity and unambiguity

Clear positioning helps customers understand what your business offers and what makes it unique. It gives customers a better understanding of what they can expect from your business and what you expect from your customers. Clear positioning also helps to establish your business in the minds of customers.

Target your audience

Good positioning helps you better understand and target your audience. By clearly defining your positioning, you can ensure that your message is directed to the right audience. This increases the likelihood of reaching potential customers who are interested in your product or service.

Add value

Clear positioning can help increase the value of your business. When your business is unique and has a clear positioning, it becomes more attractive to potential investors and partners. Good positioning can also help your business charge higher prices for products or services.

Conclusion

Clear positioning is essential for any business. It helps you stand out from your competitors, appeal to your target audience, and increase the value of your business. By clearly defining your positioning, you can ensure that your business is unique and distinctive.

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How do I become successful as a self-employed person / in self-employment?

01/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your goals: The first and most important requirement for success as a self-employed person is that you define clear goals and follow through on them. Think about what kind of success you want to achieve and make sure your goals are realistic and achievable.

2. Create a business plan: a business plan will help you define your goals and provide a clear path to achieve them. In doing so, you should create a detailed plan for your finances, marketing strategy, customer service and cost structure.

3. Familiarize yourself with all legal and financial aspects: as a self-employed person, you must be aware that you have to comply with various legal and financial requirements. Educate yourself on all aspects and be in regular contact with a tax advisor to ensure that all of your business is conducted correctly and in a legally compliant manner.

4. Engage with your competitors: to be successful, you need to know what your competitors are doing and how you can stand out. Be creative in developing services and products that meet your customers' wants and needs.

5. Use social media: social networks offer you a unique opportunity to promote your services and products. Use the platforms to communicate with your customers, get feedback and spread your brand.

6. Be patient and stay on top of things: Success as a self-employed person requires patience and good planning. Set short and long term goals, check your progress regularly and make sure you are on the right track.

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What advice should those interested in starting a business take to heart?

12/28/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Those interested in starting a business should first inform themselves well and develop a comprehensive understanding of their own industry, market, customers and competitors. It is important to develop a unique business model that stands out from the competition. A good business plan is the key to success. In addition, people interested in starting a business should not only rely on their own ideas, but also seek the opinions and experiences of others. Above all, they should have the courage to pursue their ideas and not be discouraged by setbacks.
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What is a unique selling proposition (USP)?

12/11/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A unique selling proposition (USP) is a unique feature or promise that a company offers to differentiate itself from its competitors and contribute to brand building. A USP can refer to a product or service, but it can also refer to a particular target group, a particular brand, or a specific combination of the two. It is used to position and differentiate a company or brand and ultimately promotes customer loyalty.
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What is pricing?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Pricing is the strategy a company uses to determine the prices for its products and services. It involves analyzing market conditions, costs, and other factors to determine a price that is attractive to consumers and maximizes the company's revenue. Pricing can also be a tool for companies to make their products or services stand out compared to those of their competitors.
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