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What is a no-go in customer acquisition?

06/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A "no-go" in customer acquisition refers to an action or approach that is considered totally unacceptable or unprofessional and turns off potential customers. Here are some examples of no-go's in customer acquisition:

Inappropriate behavior: Any form of rude, pushy or aggressive behavior towards potential customers is an absolute no-go. Clients want to be treated respectfully, and any kind of pushing or coaxing is likely to discourage them from working with you.

Lack of research: if you don't have basic information about the potential client and don't know what their needs are or what solutions they are looking for, it comes across as unprofessional and disinterested. Customers appreciate it when you find out in advance and target their individual needs.

Untargeted mass advertising: sending mass emails or spam messages to a large number of potential customers without any personalization is an absolute no-go. It shows that you are not taking a personalized approach and have no real interest in the customer's specific situation.

Missing transparency: if you conceal or deliberately manipulate information or promises to lure customers, trust will be destroyed. Customers value honesty and transparency, and if they feel they are being deceived, they will be unwilling to work with you.

Missing transparency will destroy trust.

Ignoring feedback: customers may raise questions or concerns during the acquisition process. If you ignore them or don't take them seriously, it sends a negative signal. It's important to act on customer feedback, answer questions and address concerns seriously to build a positive customer relationship.

Failing to follow up: If you don't follow up with potential customers after the initial contact or respond to them in a timely manner, it gives the impression that you are disinterested or don't take them seriously. Consistent follow-up is critical to keeping customers interested and resolving their questions or concerns.

These no-gos should be avoided to ensure successful customer acquisition. Instead, focus on a professional, respectful, and customized approach to earn customers' trust and build long-term relationships.

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How to get media coverage for your startup

05/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

To get media coverage of your startup, you should take the following steps:

Identify Your Target Audience: Before you begin your search for media coverage, it's a good idea to make sure you know your target audience. Think about who your target audience is and what media they read or follow.

Create a press release: A press release is an important way to bring media attention to your startup. Write a press release that describes your startup, your products or services, and your vision and mission.

Identify Relevant Media: Identify the media that are relevant to your audience. Look for publications that have covered similar topics in the past and can reach the target audience of your PR campaign.

Create a media list: Create a list of contacts from the media that you have identified. This list should include each contact's name, position, and contact information.

Personalize your outreach: When you're ready to send out your press release, make sure to personalize your outreach. Use journalists' names in your emails and be aware of why you think your message is relevant to them and their audience.

Track your outreach: After you've sent out your press release, you should make sure you track your outreach. Send follow-up emails or call the journalists to make sure your message got through.

Leverage Social Media: Use social media to draw journalists and media attention to your startup. Publish updates about your startup on your social media channels and tag journalists and media that may be relevant to your startup.

Build relationships: Build long-term relationships with journalists and media by regularly connecting with them and providing them with interesting and relevant information.

By following these steps, you can bring media attention to your startup and potentially garner media coverage. However, note that media coverage is not guaranteed and it takes patience and perseverance to be successful.

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Press Release Distribution for Startups

05/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

If you want to create a press distribution list for your startup, you can take the following steps:

Identify your target audience: Before creating a press mailing list, you should make sure you know your target audience. Think about who your target audience is and what media they read or follow.

Research relevant media: Research the media that is relevant to your target audience. Look for publications that have covered similar topics in the past and can reach the target audience of your PR campaign.

Collect contact details: Once you have identified relevant media, you need to collect the contact details of the journalists, editors and other important contacts. Check media websites to find contact information, or search LinkedIn for journalists and other relevant contacts.

Make a list: Make a list with the contact details of the relevant media and contacts. The list should include each contact's name, position, and contact information.

Maintain your list: It's important to keep your press mailing list up to date by regularly checking for changes in contacts. Remove outdated contacts and add new ones.

Personalize your outreach: When you're ready to send out your press releases, make sure to personalize your outreach. Use journalists' names in your emails and be aware of why you think your message is relevant to them and their audience.

Track your outreach: After you've sent out your press release, you should make sure you track your outreach. Send follow-up emails or call the journalists to make sure your message got through.

Leverage Social Media: Use social media to draw journalists and media attention to your startup. Publish updates about your startup on your social media channels and tag journalists and media that may be relevant to your startup.

Build relationships: Build long-term relationships with journalists and media by regularly connecting with them and providing them with interesting and relevant information.

By following these steps, you can build a press distribution list for your startup and attract media attention to your business. It takes patience and perseverance to succeed, but it can be a valuable way to get your startup known and reach potential customers.

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How to distribute a press release

05/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Disseminating a press release can be an effective way to draw journalists and media attention to your company, products or services. Here are the steps you should follow to get your press release out there:

Make a list of contacts: Make a list of journalists, editors, and other media contacts relevant to your company or industry. This can either be a list created by you or a list from a service provider who offers press mailing lists.

Personalize your message: Adapt your press release to the interests and needs of your contacts. This can mean creating different versions of your press release to address different topics and perspectives.

Send your message: Send your press release to your contacts. You can do this either by email or through a press distribution service. Make sure your message is well-structured, engaging, and includes all the important information.

Follow-up: Send a follow-up email or call your contacts to make sure they've received your press release. Make sure you are polite, professional and not overly pushy.

Use social media: Use social media to spread the word about your press release. Publish your message on your social media channels and share it with your followers. Also, use relevant hashtags and mention journalist and media accounts that may be relevant to your story.

Publish on your website: Publish your press release on your website. This gives journalists and media the opportunity to find your message when they visit your website.

Track your results: Track whether your message has been published in the media or whether journalists and editors have picked it up. This gives you feedback on which approaches might be successful in the future.

By following these steps, you can ensure your press release gets distributed to the right people and in the right way for maximum visibility for your business.

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Customer acquisition in B2B: the most common problems and how to solve them

05/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer acquisition in B2B is a complex matter and can be challenging for many companies. Here are some of the most common issues B2B vendors face and how to solve them:

Unclear target audience

A common problem with B2B customer acquisition is an unclear target audience. Companies often struggle to define their target audience and align their marketing and sales activities with it. This leads to ineffective campaigns and low ROI.

Solution: Companies should precisely define their target group and align their marketing and sales activities accordingly. This includes developing buyer personas, describing the ideal customer, analyzing the market and conducting market research.

Lack of lead qualification

Another common problem is the lack of lead qualification. Companies often have many leads, but only a few are actually ready to buy or establish a business relationship. This leads to an ineffective sales process and low ROI.

Solution: companies should ensure they qualify their leads before passing them on to sales. This includes verifying contact information, identifying decision makers, and assessing leads' interest and readiness to buy.

Lack of personalization

Another common problem is the lack of personalization in marketing and sales activities. Companies often use generic approaches to target potential customers, resulting in low relevance and response rates.

Solution: Companies should ensure that they personalize their marketing and sales activities to address the needs and interests of their potential customers. This includes the use of personalized emails, targeted advertising campaigns and a customized approach.

Lack of follow-up processes

Another common problem is the lack of lead follow-up and customer relationship management. Companies often lose touch with potential customers and existing customers, resulting in a loss of business opportunities and customer loyalty.

Solution: companies should ensure they have follow-up processes in place to nurture potential customers and strengthen existing customer relationships. This includes using CRM systems, scheduling follow-up activities, and communicating with customers and prospects on a regular basis.

Conclusion:

Customer acquisition in B2B can be challenging, but with a clear target audience definition, qualified leads, personalized marketing and sales activities, and a well-designed follow-up process, companies can improve their customer acquisition and drive business growth. By identifying and addressing these common issues, B2B vendors can optimize their marketing and sales strategies and achieve more successful results.

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