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Customer acquisition in B2B: the most common problems and how to solve them

05/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer acquisition in B2B is a complex matter and can be challenging for many companies. Here are some of the most common issues B2B vendors face and how to solve them:

Unclear target audience

A common problem with B2B customer acquisition is an unclear target audience. Companies often struggle to define their target audience and align their marketing and sales activities with it. This leads to ineffective campaigns and low ROI.

Solution: Companies should precisely define their target group and align their marketing and sales activities accordingly. This includes developing buyer personas, describing the ideal customer, analyzing the market and conducting market research.

Lack of lead qualification

Another common problem is the lack of lead qualification. Companies often have many leads, but only a few are actually ready to buy or establish a business relationship. This leads to an ineffective sales process and low ROI.

Solution: companies should ensure they qualify their leads before passing them on to sales. This includes verifying contact information, identifying decision makers, and assessing leads' interest and readiness to buy.

Lack of personalization

Another common problem is the lack of personalization in marketing and sales activities. Companies often use generic approaches to target potential customers, resulting in low relevance and response rates.

Solution: Companies should ensure that they personalize their marketing and sales activities to address the needs and interests of their potential customers. This includes the use of personalized emails, targeted advertising campaigns and a customized approach.

Lack of follow-up processes

Another common problem is the lack of lead follow-up and customer relationship management. Companies often lose touch with potential customers and existing customers, resulting in a loss of business opportunities and customer loyalty.

Solution: companies should ensure they have follow-up processes in place to nurture potential customers and strengthen existing customer relationships. This includes using CRM systems, scheduling follow-up activities, and communicating with customers and prospects on a regular basis.

Conclusion:

Customer acquisition in B2B can be challenging, but with a clear target audience definition, qualified leads, personalized marketing and sales activities, and a well-designed follow-up process, companies can improve their customer acquisition and drive business growth. By identifying and addressing these common issues, B2B vendors can optimize their marketing and sales strategies and achieve more successful results.

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What is Shopware?

04/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Shopware is a German e-commerce platform that helps businesses create and operate online stores. The software offers a wide range of features that enable online retailers to easily manage their products, optimize their sales strategies, and provide their customers with a seamless shopping experience.

Shopware is especially known for its high flexibility and customizability. There are a large number of plugins and extensions that allow users to extend and customize the platform according to their needs. In addition, Shopware is open source software, which means that the source code is available for anyone who wants to use or modify it.

Shopware is very popular in the German e-commerce industry and is used by many well-known brands and companies. The platform offers a free community edition as well as several paid editions with advanced features and support.

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What are sales objectives?

04/18/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Sales targets are goals or objectives that a company sets for its sales department. These goals are used to promote the sale of products or services and to increase sales. Sales goals can include, for example, the number of products sold, revenue, market share, customer satisfaction, or the number of new customers.

It is important to establish clear and measurable sales goals to ensure that salespeople are working toward the same goals and supporting the company's sales strategy. Setting sales goals also helps to measure the performance of the sales department and the success of the company's sales strategy.

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How can I build a passive income with ChatGPT or Python?

04/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Python is a programming language that can help create software and applications that can help generate passive income.

Here are some ways you can use Python to build passive income:

Creating apps and web applications: You can use Python to create mobile apps or web apps that you can sell or license on the market. You can also integrate in-app purchases and subscription models into your apps and applications to generate recurring revenue.

Creating automated trading bots: You can use Python to create automated trading bots for various financial markets and cryptocurrencies. These bots can automatically execute trades based on algorithms and market analysis to generate passive revenue.

Creating e-commerce platforms: You can use Python to create e-commerce platforms that facilitate the sale of physical or digital products. You can also integrate affiliate programs into your platform to generate additional revenue by referring sales.

Creating online courses and tutorials: You can use Python to create online courses and tutorials that help you share your skills and knowledge in Python or other relevant topics. You can sell these courses and tutorials on platforms like Udemy or Skillshare and earn passive income in the process.

Creating data analysis and visualization tools: you can use Python to create data analysis and visualization tools that help other companies and organizations analyze and understand data. You can sell these tools on the market or offer them as SaaS platforms to generate recurring revenue.

There are many ways you can use Python to build passive income. However, you need to invest time and resources to improve your coding skills and knowledge to create valuable applications and tools that help others solve their problems and achieve their goals.

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What is Google Performance Max?

04/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Google Performance Max is a Google Ads advertising option launched in February 2021. It is an automated advertising method based on Machine Learning that allows advertisers to serve their ads on various Google platforms, such as Google Search, Google Maps, YouTube, and others.

Unlike traditional Google ad campaigns that target specific audiences, keywords or websites, Google Performance Max uses machine learning algorithms to customize and optimize ads in real time to target audiences.

Advertisers only need to specify their budget and goal (e.g. lead generation or sales increase) and Google Performance Max takes care of the rest. Ads are automatically delivered on the most appropriate channels and at the best times.

Google Performance Max is considered a promising option for companies that do not have sufficient resources or experience in advertising, but still want to achieve maximum results.

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