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What are the biggest mistakes as a salesperson?

06/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Waste too much time on non-profitable activities.

2. Not working to build quality relationships with customers.

3. Spending too much time selling new business and not enough time building on existing business.

4. Not spending enough time on lead generation activities.

5. Not knowing how to make successful sales calls.

6. Not spending enough time acquiring market knowledge.

7. Not trying to identify and focus on a target group.

8. Not trying to learn new sales techniques.

9. Not having a clear strategy for pricing.

10. Not being able to solve a problem if it is one.

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What are common sources of error for freelancers?

06/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Inadequate planning and time management: freelancers are often prone to overlooking project and time constraints.

2. Inadequate pricing: Freelancers often underestimate their own value, which can result in them not being paid adequately for their services.

3. Inadequate communication: freelancers are often unable to communicate effectively with clients and other stakeholders, which can lead to misunderstandings and problems.

4. Inadequate documentation: freelancers are often unable to properly document their work, which can lead to poor project organization.

5. Inadequate contracts: Freelancers are often unable to sign clear and specific contracts, which can lead to legal difficulties.

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How can I optimize my Google Ads?

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

To optimize your Google Ads ads, there are several actions you can take. Here are some tips that can help you:

Define clear goals: Before you start optimizing, it's important to define your goals. Do you want to generate more traffic to your website, make more sales or increase your brand awareness? Depending on your objectives, there are different strategies to optimize your ads.

Choose the right keywords: select keywords that are related to your product or service. Use keyword tools to find relevant and frequently searched keywords. Make sure your keywords are not too broad, as this can lead to lower relevance and higher costs.

Use ad extensions: Use ad extensions such as sitelinks, reviews, or pricing to present additional information in your ads. This can help make your ads more eye-catching and informative, generating more clicks.

Test different ad versions: Create different ad versions with different headlines, descriptions, and ad extensions. Test these variations and analyze which ads work best. Use these insights to continuously improve your ads.

Monitor your ad performance: regularly analyze the performance of your ads to see how they are performing. Review your click-through rate, conversions, and cost per click. Use this data to make adjustments and further optimize your ads.

Optimize your landing page: Make sure the landing page your ad links to is relevant and user-friendly. Optimize your landing page for a higher conversion rate by using clear call-to-actions and user-friendly forms.

By following these tips and continuously working on optimizing your ads, you can make your Google Ads campaign successful.

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Common problems for B2B vendors and how to solve them

03/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

B2B companies often face a variety of challenges and issues that affect their ability to succeed. Here are some of the most common issues B2B vendors face and how to solve them:

High competition

A common problem for B2B vendors is high competition in their respective industries. With other companies competing for the same customers and contracts, it's difficult to differentiate and succeed.

Solution: companies should identify and emphasize their strengths and unique attributes to differentiate themselves from other companies. This includes creating a clear value proposition, emphasizing customer references and success stories, and differentiating themselves by clearly positioning themselves in the market.

Inadequate lead generation

Another common problem is insufficient lead generation. Many B2B vendors struggle to generate enough qualified leads to meet their sales goals.

Solution: companies should develop a thorough lead generation strategy aimed at generating high-quality leads. This includes creating high-quality content, search engine optimization, attending events and using social media platforms.

Difficulty with pricing

Another common problem for B2B vendors is the difficulty of finding the right pricing for their products or services. Pricing can be a sensitive issue as it directly affects the profitability of the business.

Solution: companies should conduct a thorough market analysis to ensure their prices are competitive and reflect the value of their products or services. They should also carefully monitor their costs and margins to ensure they remain profitable.

Sales challenges

Another common problem for B2B vendors is sales challenges. This can include difficulty identifying decision makers, managing sales processes or closing deals.

Solution: companies should ensure they have qualified sales people who are able to make sales calls and manage sales processes. They should also ensure they have a clear sales model based on the needs of their target audience.

Conclusion:

B2B vendors face a variety of challenges, but through thorough market analysis, clear positioning, a targeted lead generation strategy and skilled salespeople, companies can address these issues and succeed. Regularly reviewing and adjusting marketing and sales strategies can also help companies remain competitive in an ever-changing business environment.

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The most common problems of solo self-employed and how to solve them

03/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Solo self-employed people are often on their own and can face challenges that affect their ability to succeed. Here are some of the most common problems solo self-employed people face and how to solve them:

Lack of client acquisition

A common problem for solo self-employed people is a lack of client acquisition. Many solo self-employed people struggle to find enough customers to sustain their business.

Solution: solo self-employed professionals should develop a comprehensive marketing strategy aimed at getting the word out about their business and attracting quality customers. This includes creating high-quality content, using social media platforms, and attending industry events.

Difficulty with pricing

Another common problem for solo self-employed professionals is difficulty with pricing. It can be difficult to find the right price for products or services that are attractive to customers while also being profitable for the business.

Solution: Solo self-employed professionals should develop a comprehensive pricing strategy based on market demand, costs, and the value the business provides. It is important to find the right price that keeps the business profitable while being attractive to customers.

Time management problems

Another common problem for solo self-employed workers is time management issues. It can be difficult to find a balance between work and other commitments, especially when working alone.

Solution: solo self-employed workers should develop an effective time management strategy to help them use their time effectively and find a balance between work and other commitments. This includes scheduling breaks, setting priorities, and using tools such as to-do lists and calendars.

Difficulties with bookkeeping and tax returns

Another common problem for solo self-employed workers is difficulty with bookkeeping and tax returns. It can be difficult to keep on top of finances and file the right tax returns.

Solution: solo self-employed individuals should make sure they have an effective accounting strategy that allows them to manage their finances effectively and file all required tax returns on time. It is also important to consult a tax advisor to ensure that all tax requirements are met.

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