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Telephone guide for new customer acquisition - How to achieve more deals

01/23/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your target group: Determine the target group that is most likely to be interested in your products or services. Make sure you have the right information about this group to create the right phone guides.

2. Measure your successes: To measure the success rate of your phone guides, you need to set some Key Performance Indicators (KPIs). These include the number of calls, the number of closes, and the average duration of the call.

3. Create a script: Make sure the script is tailored to your target audience. Remember that the script also needs to include a series of questions to get the potential customer to learn more about your company.

4. Focus on the customer: Make sure you address the customer's needs during the call. If you don't, he won't commit to you and close the deal.

5. Be polite and friendly: Even if you receive a rejection, be polite and friendly. If you create a positive image during the call, you may be able to contact the potential customer again later.

6. Make it a pleasant phone call: Use questions and talking points to make it a pleasant phone call. This will increase the chances that the customer will choose your company.

7. Be honest and realistic: Explain to the customer what they can expect from your products or services. Be honest and realistic so the customer knows what they are getting into.

8. Make an offer: at the end of the phone call, you should make an offer to the customer. This can be an offer where he gets a discount or an offer that persuades him to make a purchase.

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What is the significance of KPIs (Key Performance Indicators) in online marketing and how do you choose the right ones?

09/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Key Performance Indicators (KPIs) in online marketing are metrics used to measure the success of a marketing campaign, website or online business. They are used to track progress against defined goals and analyze performance trends over time.

Selecting the right KPIs is crucial to measuring online marketing success and making informed decisions. Here are some steps to choose the right KPIs:

Define your goals: First, clarify your online marketing goals. For example, do you want to increase traffic on your website, improve the conversion rate or increase your social media reach? The KPIs should be closely linked to these goals.

Determine relevant metrics: Identify the most important metrics that will help you achieve your goals. This can be, for example, page views, length of stay, conversion rate, clicks, cost per click (CPC), average order value or social media engagement. Choose metrics that are meaningful and measurable.

Prioritize the KPIs: Not all metrics are equally important. Prioritize the KPIs according to your goals and business strategy. Focus on those who provide you with the most valuable information and have a direct impact on your success.

Consider the context: Consider the context of your company and your industry. What works for one company may not be relevant for another. Also consider the specific requirements and needs of your target audience.

Follow KPIs regularly: Measure your selected KPIs regularly and track their development over time. Analyze the results, draw conclusions and make adjustments to your marketing strategy if necessary.

Be flexible: KPIs can change over time. Adjust your KPIs as your goals change or new business needs arise. It's important to keep your KPIs relevant and up-to-date.

It is also important to note that the choice of KPIs is an individual decision and depends on various factors such as industry, company size and marketing strategy. There is no universal list of KPIs that is right for every business. It is crucial to carefully tailor the KPIs to your specific needs.

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What is meant by evaluation?

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

Evaluation is a process of systematically and methodically assessing the effectiveness, efficiency and sustainability of projects, programs, measures or strategies. The aim of evaluation is to gain knowledge about whether the objectives have been achieved, whether the measures have been successful and whether they have produced the desired benefits. The results of evaluation can help inform decisions, improve processes and actions, and initiate change.

Evaluation involves several steps, including formulating evaluation questions, establishing criteria and indicators, selecting methods for data collection and analysis, conducting fieldwork, analyzing data, reporting, and disseminating results. Both quantitative and qualitative methods are used to obtain comprehensive findings.

There are different types of evaluations, such as process evaluations, outcome evaluations, impact and sustainability evaluations, and meta-evaluations. The choice of the type of evaluation depends on the objective and the questions to be answered.

Overall, evaluation is an important part of project management and contributes to the continuous improvement of measures and programs.

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What measures you should take to optimize your sales funnel and increase the conversion rate

12/19/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The actions you should take to optimize your sales funnel and increase conversion rates depend heavily on your industry, your goals, and your customers.

One way to optimize your sales funnel and increase conversion rate is to track and measure performance indicators. These can help you track your success and identify where improvements can be made. Some key performance indicators you should track are:

1. Lead generation: how many leads is your company generating?

2. Lead qualification: what percentage of leads generated are qualified?

3. Lead conversion: what percentage of qualified leads converted?

4. Lead nurturing: how long does it take for a lead to convert?

5. Customer activation: what percentage of customers are active?

6. Extended sales: How much revenue are you generating from extensions and upsells?

In addition to tracking these performance indicators, you should also take some other measures to optimize your sales funnel and increase your conversion rate. Some of these actions are:

1. Create relevant and engaging content to inform your customers about your offer and encourage them to make a decision.

2. Optimize your sales funnel by offering customers a unique experience, such as personalized content, free trials, and free advice.

3. Test and optimize your campaigns to ensure they are tailored to your target customers.

4. Run A/B tests to measure the effectiveness of your campaigns.

5. Build an effective follow-up system to ensure that all customers considering your offer receive the right information.

6. Conduct customer surveys to gather feedback on your offering, service and brand.

These are just a few of the actions you can take to optimize your sales funnel and increase conversion rates. Depending on your industry, goals, and customers, you may need to take additional measures.

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What is return on investment (ROI)?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
ROI (Return on Investment) is a term used to measure the effectiveness of an investment or business. It is calculated as the ratio between the profit and the original investment amount. ROI can be considered as a type of return metric, as it is a measure of the profitability of the investment, and it can also be considered as an indicator of the effectiveness of a company's management.
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