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What are the biggest mistakes in sales?

11/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Not listening: A common mistake in sales is not listening to the needs of the customer.

2. Not being prepared: Another mistake that many sales people make is that they are not prepared when they make a sales call.

3. Talking too much: Talking too much is another common sales mistake. The sales rep should let the customer finish and focus on their needs.

4. Unprofessional appearance: An unprofessional demeanor can quickly lead to a customer having a bad image of a sales representative.

5. Not using the right communication: Another mistake in sales is not using the right communication to convince the customer.

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CRM for contact management - You have to reckon with these costs

10/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer relationship management (CRM) is an essential part of any successful business strategy. A good CRM system can help you manage customer relationships efficiently and scale your business. However, if you are considering a CRM system for contact management, you should consider the costs involved. In this article, we will explain the main cost drivers for CRM systems so that you can better understand what expenses you should expect.

1. Licensing costs:

Most CRM systems work on the basis of licence fees. These fees vary depending on the provider and the features chosen. Licence fees can be monthly or annual and are often based on the number of users or the amount of resources used. Make sure you carefully review and understand the licence agreement to avoid unexpected costs.

2. Implementation costs:

Implementing a CRM system requires time and resources. This can include the cost of customising the software to meet the needs of your business, migrating data from existing systems and training your staff. Implementation costs can be significant, but should be viewed as a long-term investment.

3. Customisation and integration:

Your CRM system may need to be customised to meet the specific needs of your business. This may involve additional costs for developing custom features or integrations with other software applications.

4. Training and support:

Training your staff in the use of the CRM system is critical to realising its full potential. Training resources and costs should therefore be included in your budget planning. In addition, you should consider the cost of technical support to ensure that your CRM system runs smoothly.

5. Cloud vs. on-premises:

The choice between a cloud-based CRM solution and an on-premises installation can involve significant cost differences. Cloud solutions typically require a lower initial investment, as the infrastructure and maintenance are provided by your vendor. On-premises installations, on the other hand, require investments in hardware, software licences and maintenance.

6. Data security and privacy:

Protecting sensitive customer information is critical. Implementing security measures and privacy policies can add costs, but should not be neglected.

7. Upgrades and maintenance:

CRM systems require regular maintenance and updates to ensure they run smoothly and remain secure. The cost of these upgrades and maintenance services should be factored into your budget.

Conclusion:

The cost of a CRM system for contact management can vary significantly depending on the vendor and the specific needs of your business. It is important to keep an eye on the total cost and ensure that you select a CRM system that meets your business needs and fits within your budget. Careful budgeting and a realistic cost analysis are crucial to get the maximum benefit from your CRM investment and to make your customer relationship management efficient.

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What are the key best practices for a successful PR campaign?

10/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A successful PR campaign requires careful planning and implementation. Here are some key best practices that can help:

Set clear goals: Define clear goals for your PR campaign. Would you like to increase awareness, improve your image or win new customers? Setting concrete goals allows you to measure and adjust the success of the campaign.

Target group analysis: Understand your target group exactly. Research who your potential customers or stakeholders are, what media they use, and what type of messages appeal to them. This helps you to develop targeted messages and choose the right communication channels.

Consistent Messages: Define clear and consistent messages that reflect your core messages and values. Make sure your messages are consistent across all communication channels including press releases, social media, interviews, etc.

Use Storytelling: Tell a story that makes your company, product or service interesting and relevant. Use storytelling techniques to present your messages in a vivid and engaging way. A good story can engage your audience emotionally and grab their attention.

Build media relations: Maintain good relations with relevant media representatives. Identify journalists, bloggers and influencers who matter to your target audience and build a personal relationship with them. Offer them exclusive information, interviews, or guest posts to grab their attention.

Take a multi-channel approach: Use different communication channels to spread your messages. Use classic media such as press releases, interviews and trade journals, but also digital channels such as social media, company blogs and influencer marketing. A multi-channel approach allows you to reach a broader audience.

Monitoring and Analysis: Continuously monitor the success of your PR campaign. Use media monitoring tools to track coverage of your business. Also measure quantitative metrics like reach, engagement, and conversion rates. Based on the results, you can adjust and optimize your strategy.

Prepare crisis communication: Plan in advance how you will deal with possible crisis situations. Create a crisis communication plan that defines clear responsibilities and courses of action. Responding to crises quickly and effectively can protect your company's reputation.

Build lasting relationships: PR campaigns shouldn't be limited to one-off events. Strive to build lasting relationships with your audiences, including media, customers, employees, and influencers. Ongoing communication and interaction helps build trust and credibility for your business.

Evaluation and Learning: After completing the PR campaign, take the time to evaluate and analyze the results. Identify what worked and what didn't to learn for future campaigns. Continuous improvement based on feedback and experience is crucial to the success of your PR activities.

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Jobs in PR/Public Relations - Tips on finding a job and choosing the right employer

10/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The world of public relations (PR) and public relations offers a wide range of exciting career opportunities for creative and communicative people. If you are interested in a career in this field or are already working in PR and want to change employers, here are some valuable tips on how to find a job and choose the right employer.

1. Be clear about your career goals:

Before you start your job search, you should be clear about what your goals are in your PR career. What specific aspects of PR excite you the most? Is it media relations, crisis communication, corporate social responsibility (CSR) or another niche? Your clear career goals will help you to look for job opportunities in a more targeted way.

2. Build and maintain network:

Relationships are crucial in the PR industry. Build your professional network by attending PR events, conferences and networking events. Cultivate contacts with colleagues, superiors and industry experts. Personal relationships can help you not only in your job search, but also in your professional development.

3. Update your portfolio:

Your portfolio is your business card. Make sure it contains your best PR work and projects. Show how you develop stories, cultivate media contacts and implement successful PR campaigns. A compelling portfolio will impress employers.

4. Research potential employers:

Thorough research of potential employers is crucial. Investigate the PR agency or company you want to apply to. Find out more about their clients, projects, culture and reputation. Online reviews and conversations with current or former employees can provide valuable insights.

5. Tailor applications:

Each application should be tailored to the specific requirements of the job and the company. Emphasise your skills and experience that match the advertised position. Be specific and demonstrate how you can contribute to solving the company's PR challenges.

6. Prepare for interviews:

Prepare thoroughly for interviews by deepening your knowledge about the company and the position. Think about possible questions and practise your answers. Demonstrate your skills in communication and your passion for PR.

7. Ask for references:

If you are shortlisted, don't be afraid to ask for references. This can give your potential employer confidence in your abilities.

8. Match the company culture:

The company culture is crucial to your satisfaction and success in a company. Consider whether the company's culture fits your personality and way of working. A good fit is often as important as the job itself.

Summary: Find your dream job in PR/public relations

Public relations offers exciting career opportunities for talented communicators. With careful planning, preparation and a strong professional network, you can find your dream job in PR/public relations. Remember that choosing the right employer is just as important as the position itself, and make sure you feel comfortable in the company culture. With these tips, you'll be well equipped to advance your career in this exciting field.

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Where can I get a press card in Germany?

10/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In Germany, journalists can usually obtain a press card from a variety of sources. Here are the main sources where you can apply for a press card:

German Journalists' Association (DJV): The DJV is one of the main places for journalists to apply for a press card. As a rule, you must be a member of the DJV to use this service. The DJV offers members assistance with the application process and issues the press card.

Verband Deutscher Sportjournalisten (VDS): If you work in the field of sports journalism, you can apply for the press card at the VDS. This is a specialized contact point for sports journalists.

Freischreiber e.V.: Freelance journalists can contact Freischreiber e.V. for information on applying for a press card. The association provides support for freelance journalists in Germany.

Your employer or media organization: If you work for an established media organization, you can also contact your employer directly, as many media companies handle the issuing of press cards for their employees.

Federal Press Office: The Federal Press Office can issue press cards in some cases, especially if you are a foreign correspondent working in Germany or if you need access to certain government facilities. However, conditions may vary.

It is important to note that the requirements and conditions for issuing a press card may vary from organization to organization. In most cases, you must be able to prove that you are a journalist, for example, by providing samples of your work or other documents. Membership in a journalists' association such as the DJV can make the process easier, as these organizations often provide the necessary evidence and support. It is advisable to contact the respective body to which you wish to apply for the press card directly for precise information and instructions on how to apply.

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