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The secret of success of successful online entrepreneurs - How to start your own lucrative online business

12/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Choose a lucrative and profitable business model.

There are many different business models you can use for your online business. Choose a lucrative and profitable business model that fits your skills and interests.

2. Familiarize yourself with online business.

You need to familiarize yourself with online business and its different sides. Learn how to create a website, how to reach an audience, and how to sell digital products.

3. Create a unique product.

You need to develop a product that is unique, useful and valuable. It must be a product that your target audience needs and will buy.

4. Create a professional website.

You need to create a professional website that highlights your brand and product. You should make sure that your website is user-friendly and has all the features that your target audience needs.

5. Promote your product.

You need to develop a strategy to successfully promote your product. Use social media, email marketing and search engine optimization to drive traffic to your website and increase sales.

6. Build a community.

Build a community by being active on your social media channels and interacting with your target audience on a regular basis. You can also host live events like webinars or live chat sessions to reach more visitors.

7. Deliver excellent customer service.

Give your customers excellent customer service. Respond quickly to inquiries and resolve issues customers may have. This will help build your brand and keep your customers happy.

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Higher credibility through media presence - Why trust is the decisive success factor

12/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Trust is a critical factor in the success of any brand. It enables companies to attract and retain customers, increase sales, and enhance their reputation. In today's digital world, however, a company's credibility and reliability is harder to achieve than ever before. Fortunately, businesses can increase their credibility through a strong media presence.

A strong media presence means that companies have a regular presence in various media channels, including print, television, radio and online media. This gives companies the opportunity to market their brand and communicate their messages to a wider audience. In addition, a strong media presence is seen as proof that a company is a trusted partner.

In addition, a strong media presence can help a company increase its credibility. Media coverage can help build customer confidence in a company and increase name recognition. A company that is regularly featured in the media is seen as more trustworthy than a company that rarely appears in the media.

Finally, a strong media presence can help build customers' trust in a company. When customers see a company regularly in the media, it is a sign that the company is doing well in the marketplace. It shows that it goes out of its way to satisfy customers, and that it is a trustworthy brand to support and recommend.

Overall, it's obvious that a strong media presence is an important factor in a company's success. It is an important way to build customer trust in a company and increase the company's credibility. Through a strong media presence, companies can raise their profile, attract more customers and ultimately increase their sales.

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Best Sales Strategies for B2B Vendors & SaaS Software Companies 2023

12/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Invest in content marketing: Content marketing is one of the most effective ways to attract new customers, retain existing customers and strengthen your B2B marketing. Create expensive content to reach your market and optimize the content for search engine optimization (SEO).

2. Build a strong network: Networking is an essential part of B2B sales. Build strong relationships with your customers to generate more sales. Go to industry events, attend trade shows, and participate in webinars.

3. Leverage the power of social media: social media is a powerful tool to get your brand known and attract new customers. Build a solid presence on all major social media platforms and take advantage of the opportunities they offer.

4. Use referral marketing: referral marketing is one of the most effective B2B sales strategies. Ask your existing customers to recommend your company and offer them incentives to do so.

5. Appear professional: a professional appearance is crucial to increase your B2B sales. Invest in a professional logo, website and other marketing materials that represent your brand.

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What are the biggest exit mistakes?

12/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Underestimation of the sales process: many entrepreneurs underestimate the effort and complexity of a sale. Selling a business is a complex process that requires a lot of time, know-how and patience.

2. Wrong pricing: a too high or too low sales price can reduce the value of the company, so that the transaction does not lead to an adequate return for the seller.

3. Inadequate preparation: a successful sale requires thorough preparation before the sales process begins. This includes a comprehensive review of the business to determine the true values of the business and to ensure that all important documentation and information is in place.

4. Not staying consistent: If the seller does not remain consistent and is not firm on pricing or other important issues, it can delay the sale process and diminish the value of the business.

5. Inadequate public relations: effective public relations is an essential part of the sales process. A business owner must ensure that potential buyers are informed about the sale in order to create a competitive market.

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Where do you earn 5000 Euro net or more?

12/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are many ways to earn 5000 euros net or more. Some examples are:

- Managers, directors or executives in large companies

- Experienced engineers or technical experts

- Successful freelancers such as programmers and designers

- Sales representatives and salesmen in the automotive industry

- Bankers and financial experts

- Lawyers and tax consultants

- Doctors and other medical professionals

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