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Success measurement & -documentation of a press release - from when it really makes sense

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

Measuring and documenting the success of a press release only makes sense if you have sufficient time and capacity to carry out a systematic and sound analysis. This means that you need to conduct appropriate monitoring and measurement of the press release and record the results before you can evaluate it as successful.

There are some basic steps you need to take to measure and document the success of a press release. First, you need to create a press release plan to determine how and when you will send out the press release. You will also need to define a set of objectives, such as which audience you want to target and what result you want to achieve.

Once the plan is set, you can combine the press release with a campaign to reinforce the release. You will also need to set up a system for recording the contacts. This can be done through CRM software or another contact management system.

You then need to measure and document the success of the press release. This can be done through a number of methods, such as collecting and analyzing data generated by the press release or the number of new contacts generated by the press release.

After you have completed measuring and documenting the success of the press release, you can compare and evaluate the results and draw conclusions. This will help you better plan and manage future press releases.

As a general rule, you should not begin measuring and documenting the success of a press release until you have received a reasonable volume of data a few weeks after the release. This gives you enough time to perform a sound analysis.

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How can you identify the target group for PR measures?

09/05/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Identifying the target audience for PR efforts requires careful analysis and research. Here are some steps that can help you identify the target audience for your PR efforts:

Define the goal of your PR efforts: Before you can identify your target audience, you need to establish clear goals for your PR campaign. For example, do you want to increase awareness of a new product or improve your company's reputation?

Analyze your existing target audience: look at your existing customers or stakeholders and analyze their characteristics. What demographic characteristics such as age, gender, income, education and geographic location are relevant? Also identify their needs, interests, and values.

Conduct market research: Conduct comprehensive market research to learn more about the market, the industry and your potential target audience. Analyze existing data, conduct surveys, or hire outside market research firms to gather information about your target audience.

Conduct Competitive Analysis: Examine your competitors and their target audiences. What type of PR efforts are they using? Who are they targeting? This can help you define your target audience and make sure you stand out from your competitors.

Consider your competitors.

Create personas: Based on the information you've gathered, you can create different personas that represent your potential target audience. A persona is a fictional representation of a specific customer group that includes characteristics such as age, occupation, interests, and behaviors.

Create personas that represent your target audience.

Refine your target audience: based on the personas you create, you can further refine and prioritize your target audience. Identify the personas that are most likely to be reached by your PR efforts and have the greatest impact on your goals.

Review and adjust your target audience: It's important to note that target audiences can change over time. Regularly review your target audience definition and adjust it to reflect new market developments or changes in your business goals.

Make sure you have a thorough understanding of your target audience.

Through thorough analysis, market research and the creation of personas, you can effectively identify and address your target audience for PR activities.

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What are typical mistakes in customer acquisition?

07/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are some typical customer acquisition mistakes that companies can make. Here are some examples:

Lack of target group analysis: if companies do not know exactly who their target group is, it can be difficult to understand their needs and requirements. Therefore, a thorough audience analysis is essential in order to target marketing efforts to the right customers.

Unclear or wrong message: If the marketing message is unclear or wrong, it can cause potential customers to lose interest or not take the company seriously. A clear and compelling message that highlights the benefits and added value of the offering is therefore essential.

Poor customer experience: A poor customer experience, for example due to slow or unfriendly customer service, can lead to potential customers not recommending the company or even giving it bad reviews. A positive Customer Experience is therefore important for gaining customer trust and building long-term customer relationships.

Incorrect priorities: If companies invest too much time and resources in marketing activities that are not focused on the needs of the target group, this can lead to waste. A targeted marketing strategy that is focused on the needs of the target group is therefore necessary.

Lack of continuity: a one-off marketing campaign may attract potential customers, but long-term customer relationships require a continuous and consistent marketing strategy. Companies should therefore conduct marketing activities on a continuous basis to build long-term customer relationships.

Lack of analysis and optimization: Without regular analysis and optimization of marketing activities, it can be difficult to make improvements and measure the success of the marketing strategy. Companies should therefore regularly analyze and optimize their marketing activities to ensure that they are aligned with the needs of the target group and achieve positive results.

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Statistical methods: A guide to their application

07/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Statistical methods are an important part of many areas of science and everyday life. Whether testing the effectiveness of a new drug treatment, examining the relationship between different variables, or making decisions based on data, statistical methods help us extract relevant information from data and draw informed conclusions.

Here is a summary of some of the most important statistical methods and how they can be applied:

Descriptive Statistics: Descriptive statistics is a basic approach to analyzing data in which the data is described by statistical measures such as mean, median, standard deviation, and range. These measures help to understand the distribution of the data and identify trends.

Inferential Statistics: Inferential statistics allows us to infer a population from a sample. It uses probability and hypothesis testing to make inferences about the entire population based on data drawn from a sample.

Regression Analysis: Regression analysis is a method of studying the relationship between a dependent variable and one or more independent variables. It helps to quantify the influence of different factors on a dependent variable.

Time Series Analysis: Time series analysis is a method of examining data collected over a period of time. It helps to identify trends, seasonal patterns, and random fluctuations in the data and to make predictions about future trends.

Multivariate Analysis: Multivariate analysis includes a variety of methods for examining data that consists of multiple variables. It helps to identify and understand complex relationships between different variables.

The application of statistical methods requires an understanding of the underlying mathematical concepts and the proper interpretation of results. It is important to note that statistical methods are only as good as the quality of the data on which they are applied. Careful data collection and analysis are therefore essential to obtain accurate results.

In today's world, we have access to ever-increasing amounts of data that can be analyzed by computer programs and machine learning algorithms. Combined with the right statistical methods, we can gain valuable insights from this data and make informed decisions.

Conclusion:

Statistical methods are an indispensable tool for analyzing data and gaining insights.

I hope this article has been able to provide some insight into the importance of statistical methods and their application in online marketing. By collecting data and applying statistical methods, you can make decisions on a solid basis and optimize your marketing strategies. It is important to understand the underlying mathematical concepts and interpret the results carefully in order to draw meaningful conclusions.

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07/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The shortage of skilled workers in information technology (IT) has been a serious problem for companies around the world for years. The demand for highly qualified IT professionals is enormous, while the supply of suitable applicants is scarce. But there are solutions to counteract this problem and find the perfect employees for your company.

One way to address the IT skills shortage is to recruit talented and qualified candidates abroad. Due to globalization and the digital age, finding and hiring international talent is easier today than ever before. With the right resources and tools, companies can search candidate profiles and identify candidates with the skills and qualifications they need.

Another effective solution is to increase collaboration with educational institutions. By building close relationships with universities, colleges and technical schools, companies can establish early contact with promising young talent. Internships, mentoring programs, and scholarships are all ways to attract young talent and get them excited about a career in IT.

In addition to recruiting from abroad and working with educational institutions, companies should also invest in the training and development of their existing employees. Targeted training and education can help employees expand their skills and adapt to new technologies and trends. This not only helps to alleviate the shortage of skilled workers, but also strengthens employee loyalty to the company and increases employee satisfaction.

In addition, companies should use innovative ways to reach out to potential applicants. This includes using online job boards, social networks and professional networks such as LinkedIn. Creating an attractive employer brand and highlighting the benefits and development opportunities your company offers are important factors in attracting qualified IT professionals.

Another approach is to work with third-party recruitment agencies that specialize in the IT industry. These agencies often have access to a broad network of IT professionals and can assist in identifying and selecting qualified candidates. By taking over the entire recruitment process, companies save time and resources.

Overall, addressing the IT skills shortage requires a comprehensive and holistic approach. Companies must proactively search for talent, develop their workforce and explore new ways to recruit. By combining these measures, companies can find their dream applicants and strengthen their IT team with highly skilled professionals.

The skills shortage in IT is undoubtedly a challenge, but there are ways to overcome it and find your dream applicants. One strategy that has proven successful is creating attractive working conditions and incentives for potential applicants.

Flexible working hours, the option of a home office, attractive salaries and benefits such as continuing education opportunities or company pension plans are just some of the factors that can attract professionals to the IT industry. A pleasant working environment, a good work-life balance and the opportunity to work on interesting and challenging projects are also important aspects that applicants take into account.

Another way to find your dream applicant is to be actively present at networking events and professional conferences. There, you can meet potential applicants in person, make contacts and promote your company. In addition, you can be active in the IT community by participating in open source projects, publishing professional articles or participating in discussion forums. This will increase your visibility and attract talented professionals.

Collaborating with IT experts and recruiters can also be helpful. These professionals have extensive industry knowledge and a wide network of IT professionals. By working with them, you can make your search for qualified candidates more focused and effective.

In addition to sourcing candidates externally, companies should also strengthen their internal talent management. Identify promising talent within your own company and encourage their further development. Through targeted training and promotion opportunities, you can encourage your employees to develop their skills and commit to your company for the long term.

Another option is to work with educational institutions to develop the next generation of skilled workers. Through internships, dual study programs or cooperation with universities, companies can establish contact with promising IT talent at an early stage and retain them in the long term.

Not least, companies should review their own corporate culture and values. A positive corporate culture that promotes innovation, creativity and teamwork can help attract and retain talented IT professionals over the long term.

The IT skills shortage is a challenge that companies should not ignore. However, through a combination of targeted recruitment strategies, attractive working conditions, internal talent management and an active presence in the IT community, you can find your dream applicants and strengthen your company with highly skilled IT professionals.


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