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News / Blog: #process

Increase sales through upsells in the ordering process

01/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Upsells in an ordering process are a great way to increase sales. Upsells can be used to ask customers to buy a product or service with higher quality or greater value at a higher price. For example, when purchasing a computer, a customer may be asked to upgrade to a higher-quality model with more memory and faster processing. Upsells can be used not only to increase sales but also to improve customer satisfaction by encouraging customers to buy products that meet their needs.
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The search for the next lever - Why successful people swear by the Pareto principle

01/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Pareto Principle - also known as the 80/20 Principle - states that 80 percent of results are due to only 20 percent of efforts. Successful people know that it makes sense to look first for the next lever to reach their goals faster. Instead of investing a lot of energy in things that will yield little success in the long run, they focus on the few things that have a big impact. This process is part of a strategy to get maximum efficiency out of any task.

By implementing the Pareto principle, one can optimize their results while enjoying more free time. This way, you can spend more energy on what you really love - be it a new hobby, a new project or a new job.

The Pareto principle also helps you set priorities. By focusing on the most important tasks and outcomes first, you can spend more time and energy on the less important things.

In addition, the Pareto principle allows for improved communication. Successful people can suddenly break down more complex work assignments and goals into smaller, more manageable task packages that are easier to understand, delegate, and follow through on.

Overall, it can be said that the Pareto Principle is a very effective method for optimizing results. By using the 80/20 principle, successful people can get more out of their work while freeing up more time for other things.

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Freelancer Portals - Job Acquisition for Programmers and Data Scientists

01/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Job acquisition is a process that helps companies find and attract qualified programmers and data scientists. The process includes an application procedure that takes into account customer-specific requirements and the company's needs, as well as a procedure that the company uses to select potential candidates.

The first step is for companies to clarify the requirements for programmers and Data Scientists. The company needs to develop an understanding of what it expects from candidates. This typically includes technical skills, but also experience, soft skills and other competencies.

Then, companies need to figure out the best places to find qualified Programmers and Data Scientists. This can be a combination of online job boards, in-person networking, and industry events. Companies need to make sure their ads and job postings are attractive to the target audience.

The next step is for companies to identify candidates and send them cover letters. It is important that the cover letter is personalized and relevant. Companies should ensure that the cover letter is customized for each candidate to increase the chances of a response.

The final step is for companies to interview candidates and screen them for suitability. It is important that the company develops a process to evaluate candidates using a combination of technical tests and in-person interviews. This allows the company to identify the best personnel.

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What strategies are there for companies in industries where there is a shortage of skilled workers to find staff?

01/05/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Focus on internal recruiting: companies should focus more on internal sources such as retraining, mentoring programs and internal training to meet their needs for qualified employees.

2. Creative approaches to employee search: companies can use creative approaches such as social media scouting, digital talent and networking platforms, employee referrals and virtual events to find qualified candidates.

3. Adapting to changing work conditions: Companies must adapt to the increasing demand for flexible work schedules, remote jobs and part-time positions to attract qualified candidates.

4. Investing in new technologies: companies need to invest in technologies to simplify the employee search process, such as automated search algorithms, AI-powered recruiting tools, and digital applicant assessment tools.

5. Tapping new talent: companies need to tap new talent in non-traditional sources, such as students, veterans or older workers.

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What you should consider when making B2B acquisitions

01/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Know who your target customers are and how you can best reach them.

2. Define your goals and memorize them.

3. Create a sales strategy that meets the needs of your customers.

4. Create trust and build a relationship with your customers.

5. Make sure your customers understand the added value of your product or service.

6. Make an offer based on the needs of your customers and adapt it when the situation changes.

7. Track the progress of your sales process and adjust as necessary.

8. Be courteous, professional and respectful to your customers.

9. Be open to new ideas and be inspired by your customers.

10. Be flexible and ready to adapt to new developments.

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