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Professional press relations 2023 - the right way to do it

01/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your goals: Before you start your press relations in 2023, you first need to be clear about what you want to achieve with your press relations. Do you want to gain more awareness for your company, attract new customers, or perhaps launch a new brand? Having a clear goal is the first step to successful press relations.

2. Build a strong media relationship: An important part of public relations is building a good relationship with the media. This includes identifying the right media you want to reach and choosing the right contacts. For this reason, it is important that you make an effort to establish as many media contacts as possible.

3. Create an effective press release management: a press release is one of the most important tools you can use in your press relations. Therefore, it is important that you build an effective press release management system to disseminate the right information at the right time.

4. Publish new content regularly: if you publish new content regularly, you increase the chances that the media will cover your company. Therefore, it is important that you regularly publish new information through social media, your website and other online platforms.

5. Leverage the power of social media: social media channels are a great way to promote your business and attract new customers. Therefore, it is important that you develop social media strategies to spread your brand and attract new customers.

6. Leverage the power of influencers: Influencer marketing is another effective way to promote your business and attract new customers. By building the right influencer network and promoting your brand to the right influencers, you can achieve a broad and targeted reach.

7. Measure your results: To know if your public relations efforts are successful, you need to measure your results regularly. For example, you can track metrics such as the number of mentions in the media or the number of new customers.

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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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What are the marketing metrics?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Click-through rate: measurement of the number of clicks made on an ad or link.

2. Conversions: measuring the number of purchases or sign-ups that result from an advertising campaign.

3. Traffic: measurement of the number of visitors landing on a website.

4. Cost per click (CPC): Cost per click, which is the cost of clicking on an ad.

5. Return on investment (ROI): Measurement of the profit or loss generated by an advertising campaign.

6. Gross media value: Measurement of the value a campaign generates for a company.

7. Engagement rate: measurement of the number of interactions a user has with a campaign.

8. Social media reach: measurement of the number of users reached by a campaign.

9. Net promoter score (NPS): measurement of user satisfaction with a campaign.

10. Lead generation: measurement of the number of leads generated by a campaign.

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What is conversion rate (CR)?

12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Conversion rate (CR) is a marketing metric that indicates how many visitors to a website perform a certain action (e.g. buy a product, fill out a form, watch a video, etc.). There are many different types of conversion rates, but they all measure the same thing: how many visitors to a website perform a certain action.
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What is the Mann-Whitney test?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Mann-Whitney test is a nonparametric statistical test used to test whether two independent samples are from the same population. It is a variant of the significance test used to prove that two groups have different means without normalization. It is also called the Wilcoxon rank sum test
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