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Media-effective actions - These ideas exist

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

Media-rich promotions can help generate attention for a specific message, cause, or product. Here are some ideas for media-rich actions:

Flash mob: a spontaneous gathering of people in a public place who put on a choreographed performance.

Guerrilla marketing: An unconventional promotional activity that takes place in unexpected places to attract attention.

Stunts: An eye-catching action that is often risky or breathtaking and draws attention to a specific cause or brand.

Charity events: an event that aims to raise funds for a charity while raising awareness for its cause.

Protest events: An action aimed at communicating a political message or cause by holding a public gathering or demonstration.

Publicity Stunt: An eye-catching action aimed at drawing media attention to a particular cause or brand.

Flash Sales: A short-term sales promotion in which products or services are offered at a discounted price to attract the attention of customers.

Social Media Challenge: An action spread through social media that aims to promote a specific action or trend.

These ideas are just a few examples of media-rich actions that companies and organizations can take to draw attention to their messages or products. However, it is important that the action is authentic and relevant in order to attract the interest of the media and the target audience.

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ChatGPT and sales texts: How AI text generation improves the sales process

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

The development of artificial intelligence has the potential to transform the way we create and consume content. Chatbots and AI text generators like ChatGPT are already in use in many industries and can also offer significant advantages in the sales area.

Sales copy is an important part of the sales process that is often overlooked. But a compelling description of the product or service can mean the difference between a successful sale and a lost customer. In this context, ChatGPT can be used as a powerful tool to generate sales texts.

How does ChatGPT work?

ChatGPT is an OpenAI based text generation technology that works with deep neural networks. It uses pattern recognition to analyze and reproduce natural human speech. It can learn from a variety of sources, absorbing and reflecting a wide range of knowledge.

For example, ChatGPT can be trained on a large set of product descriptions to get an idea of how sales text should be structured. Based on this knowledge, ChatGPT can then generate sales copy specifically tailored to the product or service being advertised.

Benefits of ChatGPT for sales texts

ChatGPT has several advantages over traditional sales text creation methods:

Efficiency: ChatGPT can generate sales texts in no time. This means companies can save time and resources by freeing human labor for other tasks.

Personalization: ChatGPT can generate very specific and personalized sales texts based on the available data. This means companies are able to better target their customers and better meet their needs.

Consistency: ChatGPT generates sales texts that are consistent and uniform. This is especially important when it comes to establishing a brand and conveying a consistent message.

Flexibility: ChatGPT can be trained on a variety of sources and data materials. Businesses can therefore ensure that ChatGPT is specifically tailored to their needs.

Conclusion

ChatGPT can be a valuable addition to the online marketing toolkit. Especially in the area of sales texts, ChatGPT can help companies to work more efficiently, more personalized and more consistently. However, it is important to emphasize that ChatGPT should not be seen as a substitute for human creativity and intuition, but as a tool. Overall, however, it is important that ChatGPT is understood as a tool and not as a substitute for human creativity and empathy in the sales process.

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What is a media channel?

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

A media channel is a tool or platform through which information, news, or messages can be communicated to an audience. Media channels can be physical media such as newspapers, magazines or books, or digital media such as websites, social networks or email.

Some examples of different types of media channels include:

Print media: this includes newspapers, magazines, brochures, flyers, and posters.

Broadcast media: this includes television, radio, and podcasts.

Digital media: this includes websites, social networks, email, and mobile apps.

Direct marketing: this includes direct mail, telemarketing and face-to-face sales calls.

Event marketing: this includes trade shows, conferences, sponsorship events and press events.

Choosing the right media channel depends on various factors, such as the target group, the budget, the type of message, and the desired goal. A successful media strategy therefore requires a careful analysis of the target group and the available media channels to ensure that the information is conveyed effectively and appealingly and that the desired objectives are achieved.

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What is a good or a typical or average conversion rate?

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

The conversion rate (CR) varies depending on the industry, the target group, the type of offer and the marketing and sales tactics used. There is no set "good" or "typical" conversion rate, as it is highly dependent on specific circumstances.

Some industries tend to have higher conversion rates than others. For example, e-commerce sites that offer high-value products may have a higher conversion rate than sites that offer complex services. An average value for a good conversion rate is between 2% and 5%.

However, it is important to note that a higher conversion rate is not always better. A high conversion rate can mean that the target audience responds very well to the offer, but it can also mean that the price is too low or that the marketing is not driving enough traffic to the website. Therefore, the conversion rate should always be considered in the context of other metrics such as traffic, customer acquisition, and revenue to get a full understanding of performance.

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What are typical mistakes in B2B customer acquisition?

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

When it comes to B2B customer acquisition, there are several mistakes that companies often make. Here are some typical mistakes:

Lack of target audience analysis: if you don't know exactly who your target audience is, you can't develop an effective acquisition strategy. A lack of target audience analysis often leads to you spending time and money on the wrong marketing channels and wasting your resources.

Too low lead quality: if you only focus on quick leads and don't qualify them well enough, this can lead to a low conversion rate. Take time to understand your prospects' needs so you can make sure you can actually help them.

Incorrect focus on sales pitches: When you focus solely on sales pitches during B2B customer acquisition, it can turn off potential customers. Instead, focus on how you can help customers solve their problems.

Poor follow-up strategy: if you don't keep in touch with potential customers, it can lead to a loss of the leads you've already acquired. Have a clear follow-up strategy to ensure that potential customers are not forgotten and stay in your mind.

Not enough patience: B2B customer acquisition requires patience and perseverance. It may take time before you see results, so it's important not to give up and keep at it.

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