Share:

News / Blog: #likelihood

Maximize the probability of startup success (instead of failing like 90%) with the KISS method and an MVP.

12/20/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The KISS method (Keep It Simple and Smart) aims to make complex ideas as simple as possible. By focusing on the essentials, founders and entrepreneurs can establish their product or service on the market more quickly.

To maximize the likelihood of startup success, it is recommended to develop a Minimum Viable Product (MVP). This is a small, simple product that contains the core features of the idea but is much easier to develop compared to the final product. It helps founders quickly develop a product that can be tested and validated without the cost and effort of a full-fledged product.

In addition, founders can also try to create a "proof of concept" to test the demand for their product or service. Through such a proof of concept, founders can find out if their idea will work and how it can compete in the marketplace.

These strategies can help maximize the likelihood of startup success by reducing product complexity and testing demand. If founders use these strategies, they can significantly increase their chances of success instead of failing like 90%.

Like (0)
Comment

What is the news value?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The news value of a news item refers to its novelty, relevance and significance. It describes how relevant and interesting a news item is for the public. It indicates the impact a news item has on readers. The higher the news value, the more valuable the news and the greater the likelihood that it will be picked up and disseminated by the media.
Like (0)
Comment

What is probability theory?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Probability is a branch of mathematics that deals with the analysis of random variables, probabilities and probability distributions. It is used to solve problems associated with probabilities and likelihoods that arise in many areas of science and everyday life. It is an important part of statistics, where probabilities are used to describe events and predict future events.
Like (0)
Comment

What is a sales funnel?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A sales funnel is a process that enables companies to identify, reach, and convert potential customers. It usually consists of several steps, starting with addressing the user's interest, presenting an offer, following up, and converting the customer. The sales funnel represents a structured approach to selling that increases the likelihood of a lead becoming a customer.
Like (0)
Comment

Generate leads 2022 - How it works

10/17/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are various sources and strategies for generating leads (both as a B2B and as a provider in the end customer business). Basically, a distinction can be made between unpaid (so-called organic) and paid sources of leads, e.g. in the form of Google Ads.

The situation for most companies and providers in the B2B sector is as follows: There is strong competition/stiff competition in the respective niche, high click prices, escalating marketing budgets as well as ad campaigns that do not work. The downward spiral of ever increasing costs with ever poorer conversion rates is supposed to be stopped with a further increase in the marketing budget - which often enough fails.

But what is the alternative to expensive online marketing?

With the help of so-called content marketing, you provide potential prospects and customers with free knowledge with added value and thus create trust. The goal is that the customers in spé deal longer with your offer and do not leave your website after a few seconds, but click through your website. The more articles, i.e. content, you provide on your website, the more this testifies to competence in your respective field and will increase the likelihood of a purchase.

In the best case, you manage to get interested parties to sign up for your newsletter, for example, to be informed about future discount promotions, make an inquiry via contact form or phone. It is important to obtain their consent to be contacted in order to be able to contact them in the future in the so-called follow-up process and to convert them into customers in the long term. After all, the majority of B2B customers only buy after the second, third or fourth contact. Here, it is also important to understand the so-called sales cycle in the business-to-business business.

If you have managed to direct interested parties to your site through thematically relevant articles or blogpots, the first hurdle has been cleared. Therefore, think about how you can maximize the number of visitors who come to your site for free (so-called organic traffic). These can be, for example, articles with titles that consist of specific questions as potential customers enter them in Google or other search engines, articles about current news in your industry or niche, product news or reviews.

Like (0)
Comment

Our offer to you:

Media & PR Database 2024

Only for a short time at a special price: The media and PR database with 2024 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: