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What is a PR service?

04/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A public relations service is a range of services provided by companies or agencies to support clients' public relations (PR) efforts. PR service providers help companies, organizations or individuals improve their public perception and build a positive relationship with their target audience.

Typical PR services include:

Media relations: PR service providers help clients place their messages in the media by creating press releases and press texts and forwarding them to relevant journalists and media representatives.

Crisis communication: In the event of crises or negative events, PR service providers help their clients develop and implement measures to minimize or avoid damage to the company's reputation.

Content marketing: PR service providers help develop and distribute informative and entertaining content (e.g., blog articles, videos, social media posts) to enhance brand image and increase reach.

Event planning: PR service providers can also assist with event planning and execution (e.g., press conferences, product launches, galas) to increase brand awareness and strengthen relationships with target audiences.

The services and offerings of PR services can vary depending on the provider and customer needs. As a rule, PR service providers work closely with their clients to develop and implement individual PR strategies tailored to the client's goals and needs.

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What is the test customer strategy?

04/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The test customer strategy, also called mystery shopping, is a market research method in which companies use test customers (mystery shoppers) to check the service and quality of their products. The test customers act as undercover customers and visit the company, buy products or use services, and then give a detailed report about their experience.

The test customer strategy is an important tool for measuring customer satisfaction and identifying weaknesses in service. Companies use this method to ensure that their employees are providing customers with appropriate advice and good service, in order to maintain the company's reputation and build customer loyalty.

The test customer strategy is commonly used in various industries such as retail, hospitality, banking and insurance.

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What is organic lead generation (OLG)?

04/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Organic lead generation (OLG) refers to the practice of attracting potential customers in a natural and non-paid way by creating content and offers that are relevant and interesting to them. Unlike paid lead generation, which involves placing ads to drive traffic to a website, organic lead generation uses strategies such as search engine optimization (SEO), content marketing and social media engagement to drive traffic to the website and attract potential customers. The goal is to generate high-quality leads by convincing potential customers of your products or services, rather than flooding them with advertising.
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What are avoidable mistakes when starting an online business?

04/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Lack of market analysis: Before starting an online business, you should conduct a comprehensive market analysis to ensure that there is a need for your product or service. If you skip this step, you could end up starting a business that has no market or doesn't fill a need.

Lack of audience analysis: it's important to know who your target audience is so you can target your online business accordingly. If you do not engage with your potential customers, you may end up offering a product or service that is not tailored to their needs and interests.

Lack of a business plan: Without a well thought out business plan, it will be difficult to successfully launch and operate your online business. A business plan will help you determine your goals and strategies, plan your costs and revenues, and identify potential risks.

Lack of investment in marketing: just because you've created an online business doesn't mean it will grow on its own. You need to invest in marketing to reach your target audience and get your brand known. If you don't, you may end up with a great product or service, but no customers.

Lack of focus on customer service: customer service is just as important in online business as it is in brick-and-mortar retail. You need to make sure your customers are happy and that you respond quickly and effectively to their inquiries and complaints. If you don't take care of your customers, you can quickly get a bad reputation and lose customers.

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What advantages does the use of data science and artificial intelligence offer companies, e.g. in marketing and sales?

04/05/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The use of data science and artificial intelligence (AI) offers companies numerous advantages in various areas, especially in marketing and sales. Here are some examples:

Personalization: By using AI systems, companies can provide customers with personalized offers and recommendations. By analyzing and processing the preferences, needs and behavior of customers, companies can offer tailor-made offers and thus increase customer satisfaction and loyalty.

Audience analysis: Data science and AI systems enable companies to perform comprehensive analyzes of the audience. By using data sources such as demographic data, behavioral patterns or purchase histories, companies can better understand their target groups and develop targeted marketing campaigns.

Automation: AI systems can automate certain marketing and sales tasks, such as lead generation, customer segmentation, or marketing campaign planning. This saves time and resources and allows companies to focus on other tasks.

Prediction and Optimization: By using AI systems, companies can make forecasts and carry out optimizations. For example, they can make predictions about future trends, demand or customer behavior and adjust their offer accordingly.

Increased efficiency: Data science and AI systems can help companies to optimize their marketing and sales processes and make them more efficient. For example, companies can measure the effectiveness of their advertising campaigns or improve their sales strategies based on data.

Cost savings: Companies can save costs by automating and increasing efficiency. In addition, the use of AI systems can help prevent fraud and abuse, thereby minimizing financial losses.

These advantages make it clear that data science and AI represent a valuable tool for companies in marketing and sales to increase the effectiveness and efficiency of their business processes and thus achieve competitive advantages.

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