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What are the most common mistakes made in PR?

10/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In PR, there are several mistakes that are commonly made. Here are some of the most common:

Failure to plan strategically:

A common mistake is to conduct PR activities without clear strategic planning. Without a clear idea of the goals, target audience and message, PR can miss its mark.

Failing to analyze target audiences:

If you don't know and understand your target audience, it can be difficult to develop effective PR messages and select the right communication channels.

Poor communication: lack of communication or unclear communication can lead to misunderstandings and affect the trust of the target audience. It is important to communicate clear, concise and consistent messages.

Missing authenticity: If PR activities are not authentic and do not match the company's values and image, they can be perceived as untrustworthy.

Missing crisis communications: an inadequate or delayed response to a crisis can have serious repercussions. It is important to develop effective crisis communications to maintain or restore the public's trust.

Ignoring feedback: PR professionals should take feedback from the target audience and the media seriously and respond to it. Ignoring or not responding appropriately to feedback can have a negative impact on the company's image

Unprofessional behavior: Unprofessional behavior on the part of PR officers, such as inappropriate comments on social media or a lack of discretion, can damage the company's reputation.

It is important to note that the PR industry is dynamic and constantly evolving. The specific errors may vary depending on the context and current developments in communications technology.

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What are the biggest mistakes when placing Youtube ads?

08/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When placing YouTube ads, there are several mistakes that can be made that can negatively impact the effectiveness and success of the campaign. Here are some of the biggest mistakes that can be made:

Missing targeting: if targeting is not configured properly, ads may be served to the wrong audience. This can lead to low engagement and low conversion rates.

Inadequate ad preparation: Poor design or uninteresting content in the ads may fail to capture viewers' attention. It is important to create engaging and relevant ads to capture viewers' interest.

Missing Call-to-Action (CTA): A clear and compelling call-to-action in the ad is critical to getting viewers to respond to the ad. Without a clear CTA, the ad may miss its mark.

Missing monitoring and optimization: continuous monitoring and optimization of ad campaigns is important to maximize success. Failure to make adjustments to respond to ad performance can result in wasted budgets and ineffective advertising.

Ignoring Analytics Data: YouTube provides detailed analytics data for ad campaigns. If this data is not regularly reviewed and analyzed, it can be difficult to measure campaign success and make necessary adjustments.

Wrong message or tone of voice: It is important to understand the target audience and choose a message and tone of voice that matches. A poorly chosen or inappropriate message can deter audience interest.

Advertisements that are too long or too short: The length of the ad is critical. If the ad is too long, it can bore viewers and make them skip it. On the other hand, an ad that is too short may not convey enough information to keep viewers interested.

It is important to avoid these mistakes and conduct thorough planning, monitoring, and optimization of YouTube ad campaigns to achieve the best possible results.

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What are the biggest mistakes when selling a business?

08/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient preparation: sellers who do not invest sufficient time and effort in researching and preparing for the sale of the business are prone to making mistakes.

2. Unclear price expectations: If the seller doesn't have a clear idea of how much they want to get for their business, it can be difficult to get a realistic price.

3. Lack of expertise: A seller who does not have the expertise needed may not be able to ask the right questions to close a successful deal.

4. Insufficient documentation: a seller who does not provide all relevant documents and records may have a hard time closing a deal.

5. Lack of communication with investors: If a seller is unable to communicate convincingly to investors or answer important questions, it can slow down the sales process.

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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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What mistakes can you easily avoid when starting up?

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

1. Insufficient planning: To start a successful business, it is important to create a detailed plan that includes strategic goals, market, finances, resources and strategies for implementation.

2. Insufficient financial knowledge: In order to start and run a business, it is necessary to have a basic understanding of finance and financial accounting. It is important to learn about different financing options and create a financial plan.

3. Insufficient marketing knowledge: A successful business is based on a good marketing strategy and a solid brand. Therefore, it is important to learn about different marketing channels and techniques and create a strategy that fits the company's goals.

4. Insufficient legal knowledge: Starting a business requires a good understanding of the applicable laws. Therefore, it is important to consult a lawyer and learn about the legal aspects of the business before putting the startup into action.

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