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Starting a business - you should consider this in advance

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

If you are planning to start a business, there are a few important points that you should consider beforehand. Here are some aspects to consider:

Business Idea: Think about what products or services you want to offer. Do a market analysis to see if there is demand and how tough the competition is.

Target group: Determine your target group and analyze their needs and expectations. Think about how you can best achieve them and which marketing strategies you can use to achieve this.

Financing: Create a business plan to calculate your costs, income and financing needs. Consider whether you can contribute equity or whether you would like to use external financing options.

Legal form: Decide on a suitable legal form, e.g. as a sole trader or as a GmbH. Pay attention to tax, legal and organizational aspects.

Official registrations: Find out about the necessary official registrations and permits, e.g. business registration, tax registration and IHK contributions.

Insurance: Check which insurances are necessary for your company, e.g. liability insurance, business liability insurance and health insurance.

Schedule: Create a realistic schedule that includes all necessary steps and milestones. Also note buffer times for unforeseen events.

Network: Build up a network, e.g. through contacts with potential customers, business partners, suppliers and consultants.

It is important that you take sufficient time to plan your business start-up and that you have the support of experienced consultants in order to minimize possible risks and start your company successfully.

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Attract new customers - With these strategies, B2B customer acquisition becomes child's play

03/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Acquiring new customers in the B2B space can be challenging, but with the right strategies, it can become easier. Here are some tips on how to attract new customers:

Target group analysis: Analyze your target group and find out which companies and industries best suit your offer. Use online research and databases to find suitable contacts.

Personalized Speech: Make sure you use a personalized speech to target prospects. Avoid mass emails and make sure your message is tailored to the unique needs and challenges of the business.

References and recommendations: Use existing customers to acquire new customers. Ask your satisfied customers to recommend you or give you a recommendation. Also use reference customers in your marketing material and on your website.

Networking: Attend industry events, conferences and trade shows to meet potential customers. You can also use online networks such as LinkedIn to make new contacts.

Content Marketing: Use content such as blog articles, white papers, case studies or webinars to show your expertise and inform potential customers. Make sure you target your content to your audience and distribute it accordingly.

Phone prospecting: Use phone prospecting to reach potential customers directly. Make sure you research the company and contact person well beforehand and have a clear offer or request.

Social media marketing: Use social networks such as LinkedIn, Twitter or Xing to network and present your company. Make sure you are active and participating in discussions.

Follow-up: Make sure you follow up with prospects regularly after they have been contacted. Track offers and ensure you respond to inquiries in a timely manner.

The acquisition of new B2B customers requires perseverance and a systematic approach. It is important that you regularly measure and optimize your activities in order to be successful.

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How to write an e-book?

03/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Writing an e-book requires some preparation and planning. Here are some steps you can follow:

Choose a topic: choose a topic that you know well and that is of interest to your target audience. It should be a topic that you can cover in a few thousand words.

Define target audience: Define your target audience so you know how best to write your book. Think about who will read your book and what needs and interests that audience has.

Write an outline: Create an outline for your book. Think about what chapters you will write and what topics you will cover in each chapter.

Write the content: Write the content for each chapter of your book. Make sure the text is well structured and that the information is clear and understandable.

Revise and edit: Revise and edit your book to make sure it is error-free and easy to read.

Format: Format the book for e-book format. You can do this yourself or hire a professional formatter.

Publish: Publish your book on an e-book platform such as Amazon Kindle or Apple Books.

Promote: Promote your book through social media, email marketing, and other channels to get the word out to your target audience.

If you need help with one or more of these steps, consider a writing coach or self-publishing company to help you.

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What is a guest post?

03/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A guest post is a contribution published by an author on a website, blog, or magazine on which he or she does not normally write or publish regularly. The guest post can be written by an expert covering a specific area or topic, or by someone who has a different perspective or opinion on a topic.

Guest posting offers benefits for both the guest author and the host. The guest author can demonstrate their expertise, promote their brand and attract new readers. The host benefits from fresh content, new voices, and different perspectives that can engage their readers and help them expand their audience.

Guest posts are often used in online marketing strategy to improve search engine optimization (SEO) by generating valuable backlinks to the host's website. The backlinks help to improve the website's ranking in the search results of Google and other search engines and increase traffic to the website.

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What is a marketing budget?

03/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A marketing budget refers to the amount of money a company or organization allocates to marketing activities over a specific period. The budget is used to fund various marketing activities such as advertising, promotions, events, market research and digital marketing.

Marketing budget can be determined based on various factors such as company size, type of product or service, target audience, marketing goals and overall budget available.

An effective marketing budget enables a company to plan, implement and monitor its marketing strategy. It also helps measure ROI (return on investment) and ensures the company is focusing marketing spend on the most promising channels and actions to achieve the desired growth and success.

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