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Will a small agency be able to gain enough inquiries and customers via Google Ads or Facebook ads alone?

11/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The ability of a small agency to gain enough enquiries and clients through Google Ads or Facebook advertising depends on several factors, including the industry, target audience, budget and quality of the advertising campaigns. Here are some considerations:

Target group and platform selection: Depending on the type of services or products the agency offers, it may make more sense to focus on Google Ads or Facebook Ads. Google Ads are often better suited to performance-based enquiries where users are actively searching for a specific product or service. Facebook is more suitable for branding and reaching a specific target group.

Quality of the campaigns: The quality and relevance of advertising campaigns are crucial. Adverts should be appealing and convey clear messages. The use of relevant keywords (for Google Ads) or the right targeting (for Facebook) is crucial to reach the right target group.

Budget: The available advertising budget plays an important role. While Google Ads can tend to be more expensive as they are based on specific keywords, Facebook ads can often be tested with smaller budgets. An appropriate budget makes it possible to increase visibility and reach more potential customers.

Competition: Competition in the industry influences the effectiveness of advertising campaigns. If many competitors offer similar services, this can increase the cost of adverts and reduce visibility.

Tracking and optimisation: The ability to monitor campaigns, analyse data and continuously optimise is crucial. By making regular adjustments, you can find out which ads and target groups work best and optimise your campaigns accordingly.

Patience: Success with advertising campaigns can take time. You may not receive a flood of enquiries immediately after launching campaigns. Patience is important to judge the long-term effectiveness.

Holistic marketing strategy: Google Ads and Facebook advertising can be part of a broader marketing strategy. It can be helpful to include other channels such as content marketing, social media, networking and referral marketing.

In the end, there is no one-size-fits-all answer to the question of whether Google Ads or Facebook advertising alone is enough to attract sufficient enquiries and customers. Careful planning, ongoing optimisation and possibly the combination of several marketing approaches are often the key to success. It may be advisable to seek expert advice or run small test campaigns to see which strategy works best in your specific situation.

The question of whether search traffic is sufficient depends heavily on the regional focus of the agency and the competitive situation. Here are some considerations:

Regional focus: If your agency is focused on a specific region or city, search traffic can be an effective way to target potential clients who are actively looking for your services in your specific region. Local search traffic can often be highly converting as it comes from people who are actually searching for your offerings in your local area.

Competition: Competition can vary in different regions. In some highly competitive markets or in large cities, it can be difficult to be effectively visible with search ads, especially if the budget is limited. Here the cost per click (CPC) could be higher. In smaller cities or less competitive niches, it may be easier to find cost-effective ad space.

Regional vs. Germany-wide campaigns: If you advertise across Germany, you are competing with a wider range of businesses for limited ad space. The cost per click could be higher, as demand tends to be greater in large cities. In this case, you need to carefully consider whether the cost of Germany-wide ads is in proportion to the expected conversion rate and revenue.

Budget and conversion rate: Your advertising budgets should be based on realistic expectations of how many clicks could lead to actual enquiries or customers. It is important to monitor the conversion rate and ensure that the cost per click is in line with the expected revenue.

Local SEO and other marketing strategies: In addition to paid adverts, you should also consider other marketing strategies to target local customers. Local SEO, Google My Business listings, networking in your area and word of mouth can also be valuable sources of customers.

Test and optimise: A data-driven approach is important. Start with smaller campaigns to test performance. Monitor the results, adjust your ads and keywords and continuously optimise to get the best result from your budget.

Overall, the decision as to whether search traffic is sufficient or not depends on many factors. In many cases, a targeted local or regional focus can be an effective way to stand out from the competition and receive qualified enquiries.

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What is Automated Social Marketing?

11/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Automated Social Marketing, also known as Social Media Marketing Automation, refers to the use of software tools and technology to streamline and optimize various aspects of a brand or business's social media marketing efforts. It involves automating repetitive tasks, scheduling posts, analyzing data, and engaging with the audience to enhance the efficiency and effectiveness of a social media strategy.

Here are key components and practices associated with Automated Social Marketing:

Content Scheduling: One of the primary uses of automation is scheduling social media posts in advance. Social media management tools like Buffer, Hootsuite, or Sprout Social allow marketers to plan and publish content across multiple social media platforms at specific times and dates.

Post Automation: Automation tools can assist in automatically publishing content, including text, images, videos, and links, on various social media platforms. This ensures a consistent and timely presence on social media channels.

Content Curation: Automation can also help in content curation by discovering and curating relevant content from other sources. Tools like Feedly or content aggregation platforms can assist in this process.

Audience Engagement: Automated responses and chatbots can be used to engage with the audience by providing quick answers to frequently asked questions, managing comments, and sending automated direct messages.

Analytics and Reporting: Social media automation tools provide data analytics and reporting features to track key performance metrics such as engagement rates, follower growth, click-through rates, and more. This data helps in evaluating the effectiveness of social media strategies.

Audience Segmentation: Automation allows for audience segmentation based on various criteria, such as demographics, interests, and behavior. This enables marketers to deliver personalized content to different audience segments.

Social Listening: Automated tools can monitor social media conversations and keywords related to a brand, product, or industry. This helps in identifying trends, customer sentiment, and opportunities for engagement.

Ad Campaign Automation: Some automation platforms integrate with advertising platforms like Facebook Ads and Google Ads, enabling automated ad campaign management and optimization.

Lead Generation: Social media automation can be used to generate leads by running targeted ad campaigns, creating landing pages, and automating lead nurturing sequences.

Compliance and Risk Management: Automation tools can assist in ensuring that social media content complies with industry regulations and brand guidelines, reducing the risk of posting inappropriate or non-compliant content.

Competitor Analysis: Automated tools can track the social media activities of competitors, providing insights into their strategies and performance metrics.

While Automated Social Marketing can significantly improve efficiency and consistency in social media efforts, it's essential to strike a balance. Over-automation can lead to a loss of authenticity and human touch, which is crucial for building genuine connections with the audience. Marketers should carefully plan their automation strategies to maintain a balance between efficiency and meaningful engagement.

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The Business Information Systems degree programme: A look at the course content

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

Business informatics is a multidisciplinary field that studies the interface between information technology and business processes. In this article, we take a closer look at the study of business informatics and the exciting topics that students explore.

Fundamentals of computer science and programming

The study of Information Systems often begins with a solid introduction to the fundamentals of computer science, including programming, data structures, algorithms and software development. These skills are critical to developing technology solutions to business problems

Business fundamentals

To understand the business aspects, students study business fundamentals such as marketing, financial management, accounting and organisational management. This enables them to develop technology solutions in the context of business needs

Data management and databases

Since data is crucial in businesses, students learn how to manage, store and analyse data efficiently. This includes working with databases, data modelling and data analysis.

Business Process Management

The optimisation of business processes is at the heart of business informatics. Students learn how to analyse, improve and automate business processes to increase the efficiency and profitability of companies

Enterprise Resource Planning (ERP) Systems

ERP systems are software solutions that help companies integrate various business processes. Students learn how to implement and manage ERP systems to increase business efficiency.

Information security and privacy

The security of information systems is of great importance. Students study the basics of information security, cybersecurity and data protection policies to protect corporate data.

Project Management

In Information Systems, project management skills are crucial as many projects involve the implementation of new technology solutions in businesses. Students learn project management methods and tools

E-business and e-commerce

The Information Systems degree also covers the various aspects of e-business and e-commerce. Students learn how to develop online marketing strategies, create e-commerce platforms and implement digital business models.

Practical projects and internships

During their studies, students often work on real projects to apply their knowledge in practice. Internships in companies offer the opportunity to gain practical experience in the implementation of technology solutions for business processes.

Professional preparation and certifications

Many business information systems programmes integrate career preparation courses and offer the opportunity to earn certifications in relevant fields. This eases the transition into the professional world and demonstrates graduates' qualifications to employers

Conclusion

The Business Information Systems degree combines technical knowledge with business expertise and offers a wide range of study content. Graduates are well-positioned to succeed in a variety of positions in corporations, government agencies or consulting firms. With a strong focus on the integration of information technology into business processes, business informatics graduates are sought-after professionals in an increasingly digital world.

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The art of starting a business: From idea to success

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

Starting a business is an exciting adventure that appeals to many people. But the road from initial idea to success is often rocky and full of challenges. In this article, we take a look at the art of starting a business and how to go from a visionary idea to a thriving business.

The Idea: The Starting Point

Everything starts with an idea. It can come from personal experiences, passions or gaps in the market. However, a good idea is not enough. It must also be tested for its feasibility and marketability. Thorough market research is essential to determine if there is demand for the product or service.

The business plan: The blueprint for success

Once the idea is solid, it is time to create a business plan. This not only serves as a guide for the business, but is also an important document for potential investors and partners. The business plan should include a clear vision, goals, market analysis, marketing strategies and financial projections.

Funding: raising capital

One of the biggest hurdles for budding entrepreneurs is raising capital. This can be achieved through personal savings, loans, investors or crowdfunding. The choice of funding source depends on the type of business and individual circumstances. It is important to make realistic financial projections and consider all costs, including current expenses and salaries.

The legal form: choosing the right business model

Choosing the right legal form for the business is crucial. Whether sole proprietorship, limited liability company or public limited company, each has its own advantages and disadvantages in terms of liability, taxes and administration. It is advisable to seek advice from a professional in good time to find the best option.

The implementation: From plan to reality

With a solid business plan and sufficient funding, it is time to turn the idea into reality. This requires careful planning, hiring skilled staff, sourcing resources and developing products or services. The process often requires adjustments and flexibility to meet changing market conditions.

Marketing: Attracting customers

A successful business cannot thrive without an effective marketing strategy. This includes identifying the target audience, developing a strong brand identity and choosing the right marketing channels. Social media, content marketing and traditional advertising are just a few of the ways to build awareness and attract customers.

Scaling up: from start-up to established company

Once the business is successfully launched, the next challenge is scaling. This means expanding the business and entering new markets. This often requires additional capital and a smart business strategy. Preserving the company's culture and values is just as important as growth itself.

Perseverance: The Key to Success

The art of starting a business requires perseverance and determination. There will be setbacks and challenges, but successful entrepreneurs don't give up. They learn from their mistakes, adapt to new developments and stay true to their vision

In the world of starting a business, there are no guarantees of success, but the right planning, perseverance and passion can greatly increase the odds. The art of starting a business is an exciting journey that rewards those who are willing to take on the adventure. Those who want to go from idea to success should be guided by their vision and always look forward, because the world is waiting for the next innovative entrepreneurs who will change it.

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Advertising on LinkedIn: How to advertise successfully

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

In today's digital era, LinkedIn has become one of the most important platforms for professional networking and business communication. But LinkedIn is not just a place to expand your professional network. It is also a highly effective platform for advertising and marketing. In this article, we take a look at how you can successfully advertise on LinkedIn.

1. Target group definition is key

The first step to a successful LinkedIn advertising campaign is to accurately define your target audience. LinkedIn offers a variety of targeting options, including job title, industry, location, company size and more. The more specific you are in defining your audience, the more effective your advertising will be.

2. Create engaging ads

Your ads need to be engaging and relevant to your target audience. Use professional images and concise copy that clearly communicates your offer. Make sure your ads highlight the benefits of your products or services

3. Take advantage of LinkedIn's ad formats

LinkedIn offers several ad formats, including Sponsored Content, Sponsored InMail, Display Ads and more. Choose the format that best suits your goal and audience. For example, Sponsored Content ads work well to promote your content, while Sponsored InMail can be used for direct messaging to potential customers.

4. Go for storytelling

Stories are a powerful tool in marketing. Use LinkedIn to tell your company story. Explain how your product or service solves your customers' problems. Show success stories of customers or employees. A well-told story can create a deep emotional connection to your brand.

5. Test and optimise

Successful LinkedIn advertising often requires some experimentation. Test different ads, audiences and budgets to see what works best. Use LinkedIn's analytics tools to track the success of your campaigns, and optimise them regularly.

6. Budgeting and bidding strategies

Set a realistic budget for your LinkedIn advertising campaigns. LinkedIn offers several bidding strategies, including CPC (Cost Per Click), CPM (Cost Per Mille) and CPA (Cost Per Acquisition). Choose the strategy that best suits your goals.

7. Run A/B tests

A/B testing is an effective way to find out which ad variations perform best. For example, vary headlines, images or call-to-action buttons and analyse which version gets the best results

8. Continuous improvement

Successful LinkedIn advertising requires patience and continuous optimisation. Monitor your campaigns carefully, analyse the results and adjust your strategy accordingly.

Overall, LinkedIn offers a powerful platform for advertising in the professional environment. By accurately defining your target audience, creating engaging ads and continuously optimising your campaigns, you can successfully advertise on LinkedIn and reach your business goals.

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