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News / Blog: #promotion

What is acquisition?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Acquisition refers to the systematic acquisition of new customers or clients for a company or organization through an active sales pitch or other form of approach. Acquisition is a combination of sales promotion and customer retention. The purpose of canvassing is to attract new customers or clients who will support the business or organization by purchasing its services or products. Acquisition can take place in a variety of ways, such as a face-to-face sales call, customer outreach, direct mail, or online marketing.
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What are promotional products?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Promotional tools are tools that marketers use to advertise and market their brand. They can come in a variety of formats, including print, audio, video, digital, and social media. Some of the most common promotional tools are advertisements, flyers, brochures, ads, postcards, banners, PR pieces, giveaways, giveaways, email campaigns, and many others. These promotional tools are used to increase brand awareness and customer loyalty, attract potential customers, appease customers, and generate more sales.
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What is a sales strategy?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A sales strategy is a plan to help a company sell its products and services. It involves developing a vision, strategy, and approach to provide the best possible experience for customers. It can also include the development of promotional materials, pricing, and customer retention activities. A sales strategy can also help a company better achieve its goals.
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What is sales promotion?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Sales promotion is a combination of various marketing and sales activities designed to attract and increase consumer interest in a particular product or service. Such activities often include advertising, promotions, sales price reductions, gifts, contests, and events designed to increase customer interest in a product or service and drive sales.
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What is customer loyalty?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Customer loyalty is the active maintenance and development of a long-term relationship between a company and its customers. It means that a company strives to build and maintain a bond with its customers in order to turn them into loyal repeat customers. Customer loyalty can be achieved through a variety of techniques and strategies. These include loyalty programs, customer rewards, promotions, personalized services, consulting, and more.
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