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How should a cold call look like or be structured?

04/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A successful cold call requires a clear strategy and a professional approach. Here are some points that should be considered in a cold call to be successful:

Preparation: Before you start the phone call, make sure you are sufficiently informed about the company and the person you want to talk to. Research the company to find out if they already use similar software or databases. Also try to gather information about the contact person to better prepare for the interview.

Start the conversation: begin the call with a friendly greeting and briefly introduce yourself and your company. It's important to make a good impression in the first few seconds to pique the potential customer's interest.

Arouse interest: Ask the potential client about their needs and challenges. Try to find out if the company already uses a similar solution and if they are satisfied with their performance. Show interest in the client's needs and build a relationship.

Presentation: briefly explain how your product or service works and how it meets the client's needs. Also, offer to schedule a demo of the software to give the client a better impression.

Promote the software to the client.

Highlight benefits: Emphasize the benefits and how it can help the client achieve their goals. Point out what specific features or tools your solution offers that others may lack. Also illustrate how your product or service can save the client time and money.

Refute objections: Listen carefully when the potential customer expresses concerns or objections. Try to address these concerns and rebut them by pointing out specific benefits or features.

Call to action.

Call-to-Action: Close the conversation with a clear call to action, such as an invitation to a demo or an offer for a free trial. Make sure to note down all the important information and send it to the customer.

Follow-up: After the phone call, it's important to follow up to make sure the potential customer has all the information they need to make an informed decision. Also, offer to answer any additional questions if needed.

By having a clear strategy, showing interest in the potential client, and highlighting the benefits of your product or service, you can make a successful cold call.

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What are the wrong decisions to avoid as a founder?

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is a bad idea to focus on a single product or service. Instead, founders should try to offer multiple products or services to reach a broader range of customers. It is also important to develop a sophisticated strategy for growing the business before going in a particular direction. This will allow the company to plan for the long term and respond to changes in the industry. Another mistake founders should avoid is relying on a single source of funding. It is important to use multiple sources of funding to minimize risk.

1. An overly optimistic plan: if founders are too optimistic, they can focus on too many things at once and quickly lose sight of the big picture. A realistic and step-by-step plan is important to succeed.

2. Insufficient financial management: founders should manage their money responsibly by carefully controlling their expenses and carefully tracking their income.

3. Insufficient market research: it is important to know the needs and wants of target customers before launching a product or service. So founders need to do sufficient market research to validate their business idea and ensure that it will be successful in the market.

4. Scaling too quickly: Growing too fast can lead to financial problems as it is difficult to finance the growth. Founders should therefore aim for realistic growth and scale only when it is financially possible.

5. Hiring too early: Many founders make the mistake of hiring employees too early, before they have sufficiently validated their business. Such an approach can lead to financial difficulties, as you can spend too much money on wages without having enough in return.

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Working from home - There are ways to make money online

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Freelance Writing, Design, or Programming: If you have skills in any of these fields, you can work as a freelancer and take on projects from home.

Affiliate Marketing: You can promote products from other companies and get a commission when someone buys through your affiliate link.

Selling Online: You can sell your own products on a platform like Etsy or Amazon, or work as a reseller on a platform like eBay or Amazon.

Online surveys: Companies and market research institutes pay for your opinion when you take part in online surveys.

Virtual Assistant: You can do administrative tasks for companies and individuals from your home.

Social Media Management: If you have experience in social media management, you can help companies manage their social media accounts and create content.

Online Tutoring: If you have teaching experience, you can work as an online tutor.

There are many more ways to make money online from home, but these are some of the most popular options. It's important to do your research carefully and make sure you're getting paid for legitimate work.

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What is a marketing budget?

03/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A marketing budget refers to the amount of money a company or organization allocates to marketing activities over a specific period. The budget is used to fund various marketing activities such as advertising, promotions, events, market research and digital marketing.

Marketing budget can be determined based on various factors such as company size, type of product or service, target audience, marketing goals and overall budget available.

An effective marketing budget enables a company to plan, implement and monitor its marketing strategy. It also helps measure ROI (return on investment) and ensures the company is focusing marketing spend on the most promising channels and actions to achieve the desired growth and success.

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Mission statement: With over 1000 blog posts, how to guides and glossary terms on the way to becoming a market leader?

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

Content is King. At Fischer Data Science, since our founding in 2019, we believe in improving the world of public relations and marketing through smart solutions and facilitating access to impactful tools because: There is no idea that is not worth sharing.

We have set ourselves the goal of removing the high financial hurdles that other providers put in front of their customers and prospects, thus facilitating access to the media and thus the flow of information, in order to also give young or small providers the chance to be published.

With now just under 1,000 contributions in our blog around the topics of PR & public relations, online & offline marketing, sales, tech & programming, optimization and strategies and much more, we have created a free knowledge base that is so far unique in the German-speaking world, which makes it easier for you to achieve your desired goals not only faster, but also with fewer resources.

Whether you are a press department, a PR agency or service provider, or simply want to take your press & public relations into your own hands: The Media & PR Database 2023 will save you costly time and money.

Have fun browsing and implementing!

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