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News / Blog: #measure

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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Offline Marketing - Everything you need to know

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

In a world that is becoming more and more digital, it sometimes seems as if offline marketing measures are becoming less important. But that is a fallacy. Especially in times of information overload, advertising messages that are perceived offline can often achieve greater attention and impact than digital ads or social media posts. In this article we would like to introduce you to some proven offline marketing measures that are still relevant today.

Meetings and events

Shows and events are a great way to raise awareness of your brand and encourage customer loyalty. Whether it's an opening ceremony, a product launch or a networking event, such events create an emotional bond with your company and your products. You also have the opportunity to get to know potential customers personally and thus receive direct feedback.

Print advertising

Print advertising is still an effective way to reach your target audience. Whether it's ads in magazines or newspapers, flyers or posters, print advertising can achieve a high recognition value. However, make sure that your advertising is eye-catching and creative in order to stand out from the mass of print advertising.

Direct marketing

Direct marketing is a form of marketing where you address your target audience directly. You can use mailings or personal letters, for example. A personalized approach can be particularly effective here. However, you should make sure that your advertising is not perceived as spam.

Outdoor advertising

Outdoor advertising can come in many different forms, for example in the form of posters, advertising banners or vehicle lettering. Especially in cities, outdoor advertising can achieve a high reach and quickly attract attention. However, make sure that your advertising is not too intrusive and that it blends harmoniously into the cityscape.

Guerilla marketing

Guerrilla marketing refers to unconventional and creative marketing measures that can often be implemented with a small budget. The aim here is to attract attention and arouse the interest of the target group through unexpected and surprising actions. A creative and original idea can often attract more attention than a classic advertisement.

Conclusion:

Offline marketing measures are still an important part of the marketing strategy of many companies. Events, print advertising, direct marketing, outdoor advertising and guerrilla marketing still offer many opportunities today to attract the attention of potential customers and to make your brand better known. However, you should make sure that your offline marketing measures are well thought out and used in a targeted manner in order to achieve the greatest possible success.

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Online Marketing - Everything you need to know

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

In today's digital world, online marketing is an essential part of success for businesses of all sizes and industries. Online marketing includes all measures that help to advertise, sell and market products or services on the Internet. Here are the most important aspects of online marketing that you as a company should know:

Website Optimization: A well-optimized website is the cornerstone of a successful online presence. The website should have a clear structure and navigation, be mobile-friendly, and contain important keywords that align with the target audience and the company's services or products.

Search Engine Optimization (SEO): SEO refers to optimizing content to make it visible to search engines like Google or Bing. A good SEO strategy can help your website rank higher on search results pages, which can lead to more traffic and potential customers.

Content Marketing: This involves creating quality content such as blog posts, e-books, videos, and infographics that engage the target audience and provide them with useful information. By sharing content on social media or other platforms, businesses can increase their visibility and expand their audience.

Social media marketing: Social media offers companies the opportunity to interact directly with their target group and to inform them about news, products and offers. Choosing the right platforms and having a consistent presence can help increase engagement and build customer relationships.

Search Engine Marketing (SEM): SEM refers to paid advertising on search engines like Google AdWords. By placing ads on the search results pages, businesses can instantly drive more traffic to their website and engage potential customers.

Email Marketing: Sending emails to subscribed recipients can help increase awareness of products and services and build customer loyalty. It's important to send relevant and personalized content and to make sure the emails are readable on all devices.

Affiliate Marketing: Affiliate marketing is a partnership between a company and an affiliate who promotes the company's product or service and receives a commission for doing so. By working with affiliates, businesses can increase their reach and product sales.

These seven aspects of online marketing are just a fraction of what businesses can do to improve their online presence and attract more customers. It is important to develop a strategic and consistent marketing strategy that is aligned with the goals and needs of the company and the target audience.

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Costs for PR - You have to reckon with that

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

In today's business world, public relations (PR) is an essential part of marketing for companies of all sizes and industries. It's about building and maintaining a positive perception of your company and brand by strengthening relationships with your target audiences through targeted communications. In doing so, the cost of PR is an important factor that every company should consider. In this article, you'll learn what PR costs you should expect.

Agency costs

One of the most common ways to do PR for your company is to work with a PR agency. The agency handles all PR work for your company, including writing press releases, organizing events, and maintaining contact with journalists and other influencers. The cost of a PR agency varies depending on the size of the agency, the type of services and the duration of the collaboration. As a rule, however, you should expect a monthly retainer of between 2,000 and 10,000 euros.

Personnel and training costs

An alternative to working with a PR agency is to create an internal PR team. This team can consist of one or more employees who are responsible for planning and implementing the PR strategy. The cost of an in-house PR team includes employee salaries and benefits, as well as training and development costs to ensure your team has the knowledge and skills necessary to be successful.

Cost of PR tools and technologies

Using PR tools and technologies is an essential part of a successful PR strategy. These tools allow you to plan and measure your PR campaigns, identify and reach your target audiences, and manage your social media presence and online reputation. The cost of these tools and technologies can vary depending on their scope and functionality. However, you should generally expect to pay between $100 and $1,000 per month.

Event and travel costs

Another important component of PR work is events such as conferences, trade shows and networking events. These events provide a great opportunity to network, showcase your brand and spread your PR message. The cost of attending such events often includes admission fees, booth rentals, travel expenses and lodging costs. Exact costs vary depending on the venue and type of event.

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Press relations on a success basis - A good way to get into the press or not?

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

Press relations are an important part of corporate communications and can help raise a company's profile and reputation. One way to get into the press is through success-based press relations. But how does this type of press work and is it really a good way to get in the media?

Press relations on a contingency basis means that a PR agency or PR manager is only paid if they have placed a press report about the company in the media. If no placement is made, there is no cost to the company. At first glance, this sounds like a good way to cut costs and still get media coverage.

But on closer inspection, there are also disadvantages to press relations on a contingency basis. For one thing, PR agencies and PR managers have a financial interest in achieving the highest possible number of placements, since that's the only way they get paid. This can lead them to aim for quick and easy placements rather than building long-term and sustainable press relations.

Second, it is difficult to measure the success of press relations on a performance basis. A successful placement report alone does not guarantee sustained success and long-term attention. It is important that press relations are aligned with the company's goals and include strategic and long-term planning.

Another disadvantage of success-based press relations is that it can often result in more expensive costs than traditional press relations. If a PR manager or agency is only paid when they achieve a placement, the cost of a placement must be higher to offset the labor and cost of an unsuccessful placement.

Overall, press relations on a contingency basis is an option to save costs, but it also comes with disadvantages. However, long-term, sustainable press relations requires strategic planning and should not focus solely on placement success. Companies should carefully consider which type of press relations best fits their goals and resources.

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