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Effective press & media relations - from hidden champion to well-known brand

09/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The path to greater visibility and recognition

Effective press and media relations is an important investment for any company to make its brand known and increase customer recognition. But how do you go from being a "hidden champion" to a well-known brand?

The first step is to develop a clear and appealing corporate brand. A strong brand will enable you to stand out from competitors. This includes defining a memorable brand, developing a brand image, brand strategy and brand identity.

After your company has established a strong brand, it's time to begin press and media relations. It's important to define a clear goal, such as more brand awareness, more customers or more sales. To achieve this goal, you need to have a good understanding of who your target audience is and how best to address them.

Good press and media relations requires an effective communications plan that will help you access known channels. This includes issuing press releases, attending events and trade shows, reaching out to journalists and bloggers, setting up a social media account, and participating in industry forums and webinars.

To achieve the greatest possible success, you should also invest in search engine optimization (SEO). This will help you appear on the front pages of search engines when your target audience searches for your business.

Finally, you should also consider your approach to negative reviews. It is important to respond to negative comments in order to maintain a positive image of your business.

By following the above steps, you can transform your company from a "hidden champion" to a well-known brand and increase your customers' recognition.

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07/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The shortage of skilled workers in information technology (IT) has been a serious problem for companies around the world for years. The demand for highly qualified IT professionals is enormous, while the supply of suitable applicants is scarce. But there are solutions to counteract this problem and find the perfect employees for your company.

One way to address the IT skills shortage is to recruit talented and qualified candidates abroad. Due to globalization and the digital age, finding and hiring international talent is easier today than ever before. With the right resources and tools, companies can search candidate profiles and identify candidates with the skills and qualifications they need.

Another effective solution is to increase collaboration with educational institutions. By building close relationships with universities, colleges and technical schools, companies can establish early contact with promising young talent. Internships, mentoring programs, and scholarships are all ways to attract young talent and get them excited about a career in IT.

In addition to recruiting from abroad and working with educational institutions, companies should also invest in the training and development of their existing employees. Targeted training and education can help employees expand their skills and adapt to new technologies and trends. This not only helps to alleviate the shortage of skilled workers, but also strengthens employee loyalty to the company and increases employee satisfaction.

In addition, companies should use innovative ways to reach out to potential applicants. This includes using online job boards, social networks and professional networks such as LinkedIn. Creating an attractive employer brand and highlighting the benefits and development opportunities your company offers are important factors in attracting qualified IT professionals.

Another approach is to work with third-party recruitment agencies that specialize in the IT industry. These agencies often have access to a broad network of IT professionals and can assist in identifying and selecting qualified candidates. By taking over the entire recruitment process, companies save time and resources.

Overall, addressing the IT skills shortage requires a comprehensive and holistic approach. Companies must proactively search for talent, develop their workforce and explore new ways to recruit. By combining these measures, companies can find their dream applicants and strengthen their IT team with highly skilled professionals.

The skills shortage in IT is undoubtedly a challenge, but there are ways to overcome it and find your dream applicants. One strategy that has proven successful is creating attractive working conditions and incentives for potential applicants.

Flexible working hours, the option of a home office, attractive salaries and benefits such as continuing education opportunities or company pension plans are just some of the factors that can attract professionals to the IT industry. A pleasant working environment, a good work-life balance and the opportunity to work on interesting and challenging projects are also important aspects that applicants take into account.

Another way to find your dream applicant is to be actively present at networking events and professional conferences. There, you can meet potential applicants in person, make contacts and promote your company. In addition, you can be active in the IT community by participating in open source projects, publishing professional articles or participating in discussion forums. This will increase your visibility and attract talented professionals.

Collaborating with IT experts and recruiters can also be helpful. These professionals have extensive industry knowledge and a wide network of IT professionals. By working with them, you can make your search for qualified candidates more focused and effective.

In addition to sourcing candidates externally, companies should also strengthen their internal talent management. Identify promising talent within your own company and encourage their further development. Through targeted training and promotion opportunities, you can encourage your employees to develop their skills and commit to your company for the long term.

Another option is to work with educational institutions to develop the next generation of skilled workers. Through internships, dual study programs or cooperation with universities, companies can establish contact with promising IT talent at an early stage and retain them in the long term.

Not least, companies should review their own corporate culture and values. A positive corporate culture that promotes innovation, creativity and teamwork can help attract and retain talented IT professionals over the long term.

The IT skills shortage is a challenge that companies should not ignore. However, through a combination of targeted recruitment strategies, attractive working conditions, internal talent management and an active presence in the IT community, you can find your dream applicants and strengthen your company with highly skilled IT professionals.


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Costs for PR - You have to reckon with that

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

In today's business world, public relations (PR) is an essential part of marketing for companies of all sizes and industries. It's about building and maintaining a positive perception of your company and brand by strengthening relationships with your target audiences through targeted communications. In doing so, the cost of PR is an important factor that every company should consider. In this article, you'll learn what PR costs you should expect.

Agency costs

One of the most common ways to do PR for your company is to work with a PR agency. The agency handles all PR work for your company, including writing press releases, organizing events, and maintaining contact with journalists and other influencers. The cost of a PR agency varies depending on the size of the agency, the type of services and the duration of the collaboration. As a rule, however, you should expect a monthly retainer of between 2,000 and 10,000 euros.

Personnel and training costs

An alternative to working with a PR agency is to create an internal PR team. This team can consist of one or more employees who are responsible for planning and implementing the PR strategy. The cost of an in-house PR team includes employee salaries and benefits, as well as training and development costs to ensure your team has the knowledge and skills necessary to be successful.

Cost of PR tools and technologies

Using PR tools and technologies is an essential part of a successful PR strategy. These tools allow you to plan and measure your PR campaigns, identify and reach your target audiences, and manage your social media presence and online reputation. The cost of these tools and technologies can vary depending on their scope and functionality. However, you should generally expect to pay between $100 and $1,000 per month.

Event and travel costs

Another important component of PR work is events such as conferences, trade shows and networking events. These events provide a great opportunity to network, showcase your brand and spread your PR message. The cost of attending such events often includes admission fees, booth rentals, travel expenses and lodging costs. Exact costs vary depending on the venue and type of event.

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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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What are the biggest customer groups for PR software and press release distribution tools?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The largest customer groups for PR software and press release distribution tools are:

1. Companies and organizations that want to be present on the market.

2. PR agencies and communication consultants who use the software to provide their clients with comprehensive PR advice.

3. Journalists who use the software to research news quickly and efficiently.

4. Market research and analysis companies that use the software to track market trends.

5. Bloggers and social media influencers who use the software to produce content quickly and efficiently.

The largest customer groups of PR software include:

1. PR and communications agencies

2. Companies from the financial and consulting sector

3. Companies from the insurance and banking sector

4. Companies from the healthcare sector

5. Companies from trade and manufacturing

6. Companies from the retail sector

7. Companies from the hospitality industry

8. Companies from the public administration sector

9. Non-profit organizations

10. Media companies

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