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Why you shouldn't start your own agency in 2024 (and what you can do instead)

10/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is always a risk to start your own agency. It is not only a financial investment, but also an investment in time and energy. If you don't have the necessary experience and skills, or if your budget is limited, it might be difficult to start a successful agency.

Instead, you might consider purchasing a franchise or taking over an existing agency. Both options have their advantages and disadvantages. A franchise can give you a proven business model and a strong brand, but it may also require a large investment. If you take over an existing agency, you already get a client base and some experience, but it can also be difficult to align the agency with your vision.

However, if you want to start your own agency, there are some steps you can take to increase your chances of success. First, you should learn about the business and create a good strategy. Then, you should familiarize yourself with the relevant laws and regulations. You should also familiarize yourself with marketing and advertising so that you can effectively promote your business and attract customers. Finally, you should network and exchange ideas with other entrepreneurs to benefit from their experiences.

Whether you start your own agency or take over an existing one, you will need to invest a lot of time, energy and commitment to succeed. Therefore, you should think carefully about whether starting your own agency is really right for you.

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How PR work helps a small business attract more customers

10/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

At a time when small businesses with limited resources are competing for attention and customers, effective PR can make all the difference. This case study highlights the success story of a small business that used targeted PR efforts to expand its customer base and increase sales.

Background:

The company "Blütenzauber" is a small flower shop in a quiet suburb. Although the shop offered high-quality flowers and excellent service, it struggled with limited visibility and a limited customer base. The owner, Sarah, realised she needed an effective PR strategy to grow her business.

Step 1: Goal setting and strategy development

Sarah started by setting clear goals for her PR work. Her main goal was to increase awareness of her flower shop in the region and attract new customers. The PR strategy was to focus on local media and online presence.

Step 2: Local media relations

Sarah started by making local media contacts. She compiled a list of journalists and editors in the region and started sending out targeted press releases about her flower arrangements and seasonal offers. This resulted in several positive reports in regional newspapers and online news portals.

Step 3: Social media presence

To strengthen her online presence, Sarah focused on social media. She began regularly sharing photos of her flower arrangements on platforms such as Instagram and Facebook. Using relevant hashtags and interacting with local users helped to increase her reach.

Step 4: Customer reviews and recommendations

Sarah encouraged satisfied customers to leave online reviews and recommend their flower shop to their friends and families. Positive reviews on platforms such as Google My Business and Yelp helped to gain the trust of potential customers.

Step 5: Events and collaborations

To strengthen her presence in the community, Sarah participated in local events and collaborated with neighbouring businesses. Joint promotions and events led to more people becoming aware of her shop.

Results:

Implementing this PR strategy led to impressive results:

Increased awareness:

Local media coverage and an active social media presence led to a significant increase in awareness of "Blütenzauber."

Expanding the customer base: The shop continuously gained new customers, including many who did not know about the shop before.

Increase in turnover: The increased customer base led to a noticeable increase in turnover for "Blütenzauber".

Conclusion:

This case study shows how effective PR work can help strengthen a small business and promote its growth. Through clear objectives, targeted media work, an active online presence and strong community ties, "Blütenzauber" was able to raise its profile, expand its customer base and increase sales. This illustrates that PR work can be a powerful tool to help small businesses grow and succeed.

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How can you use customer reviews and testimonials in PR?

10/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer reviews and testimonials are extremely valuable tools for gaining the trust of potential customers and strengthening a company's image. Here are some ways you can use customer reviews and testimonials in your PR:

Press releases: Use customer reviews and testimonials in your press releases to emphasize the credibility and value of your business. Quote positive testimonials from satisfied customers and share them with journalists and members of the media.

Website and landing pages: place customer reviews and testimonials on your website and specifically on landing pages to give visitors a positive impression. Show real customer experiences to persuade potential buyers and build trust.

Social Media: Share customer reviews and testimonials on your social media platforms to make them accessible to a wider audience. Use quotes, images or short videos from customers praising your products or services.

Case studies: create detailed case studies that highlight your customers' experiences and results. Describe how your company helped solve their problems and how they benefited. These case studies can be used in your PR efforts to demonstrate your success.

Influencer marketing: Work with relevant influencers who review your products or services and share their experiences. Authentic reviews from influencers can achieve great reach and build trust with your target audience.

Customer testimonials: Ask satisfied customers to be available as references for potential clients. These customers can be contacted by prospects to answer their questions and share their first-hand experiences.

Media coverage: send customer reviews and testimonials to members of the media to get your company mentioned in industry publications or other relevant media. Journalists can use positive experiences from customers in their articles, adding credibility.

It is important that customer reviews and testimonials are authentic and not manipulated or fabricated. Make sure that testimonials come from real customers and are used with their consent.

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How you can significantly increase your sales with upsells

09/18/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Upsells are an important way to increase sales. With upsells, you can offer your customers new products or services that go beyond their original purchase. This allows you to increase sales by offering more value to your customers.

1. Create upsell offers that are relevant to your customers.

To successfully use upsells, you must first know which products or services are most relevant to your customers. If you already have a customer base, you can find out what your customers are buying and then create upsell offers for those products. If you don't have customers yet, you can take a cue from your competition.

2. Use upsells in the purchase or checkout process.

The best way to use upsells is to offer them directly during the purchase or checkout process. If your customer is already ready to buy a particular product or service, it's easier to get them to upgrade or purchase an additional product.

3. Use cross-selling strategies.

Cross-selling is another effective way to increase sales by offering your customers similar products that match their original order. This can help increase your customers' order value while boosting sales.

4. Make upsells attractive.

To use upsells successfully, you need to make them attractive. You can do this by offering a special price on upsells or offering a bundle of multiple products or services at a lower price. Another effective way is to offer an upgrade that provides more value to the customer.

5. Listen to your customers.

To use upsells successfully, you also need to listen to your customers. Solicit feedback from your customers to find out what they are looking for and what they would accept as upsells. This way, you can ensure that your upsells are relevant and valuable.

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The best lead sources in B2B 2023 at a glance

09/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Google Ads: With Google Ads, companies can reach their target audience directly through search and display ads.

2. LinkedIn Ads: LinkedIn now provides a powerful platform for B2B companies to connect with their ideal customers.

3. Content marketing: content marketing remains one of the most effective ways to generate leads in B2B markets.

4. Social media: social media campaigns are an important part of the lead generation process in B2B.

5. Email marketing: email marketing is another effective lead generation strategy that B2B companies can use.

6. SEO: SEO is one of the best ways to drive more traffic to your website to generate more leads.

7. Webinars: Webinars are a very effective lead generation method in B2B.

8. Referral Programs: Referral programs are an excellent way to generate more leads.

9. Trade shows and conferences: Trade shows and conferences are a great way to attract new customers.

10. Networks: a good network can be a valuable source of leads in B2B.

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