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Customer acquisition cost in the B2B sector - What it costs to acquire a new customer

09/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Customer acquisition costs in B2B depend on various factors, including the type and size of the company, the marketing activities used, the various negotiation processes, and the time required to acquire a new customer. A company can typically expect costs in the range of 500 to 5,000 euros per customer, depending on how complex and involved the negotiation process is. Costs for creating promotional materials, running events and creating social media campaigns may also be incurred.
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Advertising psychology - How to convince your potential customers to make a purchase decision

09/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Offer a solution to a problem: If you want to convince your potential customers, you need to offer them a solution to a specific problem. For example, this can be a product that solves a specific problem or a service that saves them time and money. By understanding the problems and needs of your target audience, you can create a product or service that offers them real value.

2. Convey trust: Customers need to feel confident that they are supporting a high-quality and trustworthy brand. Convey to your potential customers that you stand for quality and service. Be transparent and offer guarantees to make your customers feel secure.

3. Create an emotional connection: customers need to make an emotional connection with your product or brand. Try to understand the emotional needs of your target audience and address them directly. Tell a story that resonates with your customers and appeals to them.

4. Use social proof: social proof is a very effective way to convince potential customers. When customers see other people buying and using your product, they will be more willing to purchase it. Show your potential customers reviews, testimonials and success stories to strengthen social proof.

5. Focus on the benefits: Remember to focus on the benefits of your product or service instead of focusing on the features. Explain to your customers how they can benefit from your product or service.

6. Make an offer: If you make an attractive offer, potential customers will be more willing to make a purchase decision. Think about special offers, discounts, gifts and other perks to incentivize your customers.

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Basics of Press Relations - A Guide for More Success and Reach

09/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Press relations is an important part of marketing and an effective way to strengthen your brand and get more attention. It is a complex task that requires a lot of time, patience and commitment. However, some basics should be followed to achieve maximum success and reach. Here is a brief guide that can help you:

1. Determine your goals: What results do you want to achieve through your public relations efforts? These goals should be clearly defined and realistic.

2. Create a media plan: Determine what articles you want to write, when you want to write them and where you want to publish them.

3. Identify your target audience: who are your customers and what media appeals to them most? Find out which websites, magazines, blogs and social media channels they use.

4. Create a press release: Your press release should be short, informative and to the point.

5. Write the article: Write your article carefully and make sure it offers something to readers.

6. Disseminate your content: Publish your content to relevant media and share it on social media channels.

7. Measure your success: measure your success using metrics such as reach, number of visitors and number of articles published.

With these basics, you can make your press relations more effective and achieve more success and reach. To learn more about press relations, read our complete guide to press relations.

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Effective press & media relations - from hidden champion to well-known brand

09/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The path to greater visibility and recognition

Effective press and media relations is an important investment for any company to make its brand known and increase customer recognition. But how do you go from being a "hidden champion" to a well-known brand?

The first step is to develop a clear and appealing corporate brand. A strong brand will enable you to stand out from competitors. This includes defining a memorable brand, developing a brand image, brand strategy and brand identity.

After your company has established a strong brand, it's time to begin press and media relations. It's important to define a clear goal, such as more brand awareness, more customers or more sales. To achieve this goal, you need to have a good understanding of who your target audience is and how best to address them.

Good press and media relations requires an effective communications plan that will help you access known channels. This includes issuing press releases, attending events and trade shows, reaching out to journalists and bloggers, setting up a social media account, and participating in industry forums and webinars.

To achieve the greatest possible success, you should also invest in search engine optimization (SEO). This will help you appear on the front pages of search engines when your target audience searches for your business.

Finally, you should also consider your approach to negative reviews. It is important to respond to negative comments in order to maintain a positive image of your business.

By following the above steps, you can transform your company from a "hidden champion" to a well-known brand and increase your customers' recognition.

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Customer acquisition - Why your sales force is the most important element for their success

09/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer acquisition is a key element to the success of your business. With a successful sales force, you can increase your sales, generate more leads, and achieve higher customer retention. With effective customer acquisition, you can increase your reach and attract new customers that will help you expand and grow your business.

A strong sales force is not only important for new customers, but also for existing customers. It helps you provide a better customer experience and helps you retain your customers and keep them informed about new products and services. Effective sales also helps you increase your brand awareness and market your products and services.

A professional sales force can also help you reduce your costs. With a professional sales force, you can generate more revenue by making your advertising and marketing more efficient. You can also negotiate better with your customers and increase your sales by setting the right prices.

Sales also helps you improve the way you work. You can streamline your processes and procedures to achieve greater productivity and efficiency. A professional sales force can also help you improve your customer service by responding to and taking care of customer needs.

Sales is an important part of any business, and an effective sales force is central to your company's success. It can help you increase sales, attract new customers, and improve customer retention. With a professional sales force, you can succeed and grow your business.

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