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How to have storytelling take your PR to the next level

03/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Storytelling is a very effective way to take your PR to the next level. By telling stories that present your brand or company in a positive light, you can capture the interest and attention of your target audience and get your message across more effectively. Here are some steps you can take to improve your PR through storytelling:

Identify your target audience: before you tell a story, you need to understand who your target audience is and what they are interested in. Try to take your audience's perspective and consider what kind of stories might appeal to them.

Find your story: think about the story you want to tell and how it relates to your brand or business. For example, you can tell a success story about how you overcame a particular challenge or how your products improved the lives of your customers.

Create a connection: to capture your audience's interest, you need to connect with their lives. Use emotion to bring your story to life and get your message across.

Use different media: you can tell your story in different ways, such as text on your website, video on YouTube, or a social media post. Choose the medium that best fits your story and your audience.

Be authentic: Avoid overdramatizing or exaggerating your story. Be authentic and honest so your audience trusts you and your brand.

By following these steps and incorporating storytelling into your PR strategy, you can more effectively convey your message and gain the interest and attention of your target audience.

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What are the wrong decisions to avoid as a founder?

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is a bad idea to focus on a single product or service. Instead, founders should try to offer multiple products or services to reach a broader range of customers. It is also important to develop a sophisticated strategy for growing the business before going in a particular direction. This will allow the company to plan for the long term and respond to changes in the industry. Another mistake founders should avoid is relying on a single source of funding. It is important to use multiple sources of funding to minimize risk.

1. An overly optimistic plan: if founders are too optimistic, they can focus on too many things at once and quickly lose sight of the big picture. A realistic and step-by-step plan is important to succeed.

2. Insufficient financial management: founders should manage their money responsibly by carefully controlling their expenses and carefully tracking their income.

3. Insufficient market research: it is important to know the needs and wants of target customers before launching a product or service. So founders need to do sufficient market research to validate their business idea and ensure that it will be successful in the market.

4. Scaling too quickly: Growing too fast can lead to financial problems as it is difficult to finance the growth. Founders should therefore aim for realistic growth and scale only when it is financially possible.

5. Hiring too early: Many founders make the mistake of hiring employees too early, before they have sufficiently validated their business. Such an approach can lead to financial difficulties, as you can spend too much money on wages without having enough in return.

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How much does my monthly marketing budget on Google Ads need to be to generate a significant number of inquiries or customers?

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The size of the monthly Google Ads marketing budget needed to generate a significant number of inquiries or customers depends on several factors, such as the industry, competitors, goals, and target audience.

However, as a rough guide, you can assume that you need a budget of at least a few hundred euros per month to make any noticeable impact at all. For a stronger presence and more inquiries/customers, a higher budget is recommended, which can amount to several thousand euros depending on the industry and competition.

However, it is important to note that the budget alone is not decisive, but also the quality of the ads and keywords as well as the targeting and bidding strategy play an important role. Careful planning and monitoring of the campaign can help to use the marketing budget effectively and achieve a higher return on investment.

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Customer loyalty - How to avoid that your customers "defect" to the competition

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Offer attractive discounts and offers on a regular basis.

2. Provide excellent customer service to your customers.

3. Make sure that your product or service meets the requirements of your customers.

4. Keep your customers informed about new developments and products.

5. Familiarize your customers with new technologies and features.

6. Encourage your customers to share your business with others.

7. Build a community that allows your customers to communicate and share ideas.

8. Allow customers to submit feedback on your product or service on an ongoing basis.

9. Provide an easy and convenient way for your customers to contact you.

10. Take steps to provide a unique experience for your customers.

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How to find customers for your products and services

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several ways to find potential customers for your products and services. Here are some steps you can take:

Define your target audience: Identify your potential audience by considering demographic and psychographic characteristics. Who are your ideal customers? What problems do they have that your products or services can solve?

Create a marketing strategy: Determine which marketing channels you want to use to reach your target audience. This can include, for example, social media marketing, email marketing, search engine marketing (SEO and SEA) or influencer marketing.

Use social media: Use social networks such as Facebook, Twitter, LinkedIn or Instagram to reach your target group and draw attention to your company. Create a company page and post interesting content regularly.

Offer Free Trials or Trials: When you launch a new product or service, offer free trials or trials to attract potential customers.

Publish customer reviews: Publish customer reviews on your website and social networks. Positive reviews can convince potential customers to try your products or services.

Network: Attend industry events and connect with other companies.

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