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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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Why most burn money in online marketing

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

There are several reasons why many people lose money in online marketing. Here are some possible factors:

Insufficient knowledge and experience: many people start an online marketing business without having sufficient knowledge and experience in the field. For example, they may focus on a particular strategy or technique without understanding how it can be integrated into a broader marketing plan.

Lack of clear goals and strategies: another reason why many people lose money in online marketing is that they do not have clear goals and strategies. They may start without an elaborate plan and hope that things will take care of themselves.

Competition: competition in online marketing is often fierce and it can be difficult to stand out. If a business is not able to differentiate itself from the competition, it can be difficult to attract customers and be successful in the long run.

Poor targeting: Another common mistake in online marketing is that companies don't know their target audience well enough or target the wrong audience. For example, if a company offers products or services that are not relevant or interesting to a particular target group, it will have difficulty attracting customers.

Lack of measurability and optimization: In online marketing, it is important to measure and constantly optimize results. If a business is unable to measure and optimize its campaigns, it will struggle to improve its effectiveness and save money.

These factors can cause businesses to lose money in online marketing. It is important to consider these factors and develop a clear strategy to be successful in online marketing.

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Running Ads on Google Ads [2023 Update]

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

Google Ads is one of the most effective platforms to reach your target audience online. With Google Ads you can place ads that are tailored to your potential customers' needs and showcase your products or services. In this article, you will learn how to run ads on Google Ads and what to look for when creating ads.

Step 1: Create a Google Ads account

To be able to place ads on Google Ads, you first need to create a Google Ads account. Go to the Google Ads website and click "Get started now". Follow the instructions to set up your account.

Step 2: Keyword research

Before you can create ads, you need to do keyword research. Keywords are the search terms that potential customers type into Google when searching for products or services. Find out what keywords your target audience uses and what relevant search terms exist.

Step 3: Create a campaign

After the keyword research, create a campaign. Choose the goal of your campaign (e.g. more traffic to your website or higher sales) and set the budget you want to spend on the campaign.

Step 4: Create ad groups

Within your campaign, you can create multiple ad groups. Each ad group has a specific topic and a group of keywords related to that topic. Here you can also specify which landing page you want users to be directed to.

Step 5: Create ads

Create ads that match the specific ad groups. Choose a headline and description that showcase your products or services in an appealing way. Make sure your ads provide clear value to users and are tailored to your target audience.

Step 6: Determine the ad format

There are different ad formats you can choose from, such as text ads, display ads, or video ads. Choose the ad format that best suits your business and your goal.

Step 7: Target audience settings

Determine the target audience you want to reach with your ads. Here you can select demographic characteristics, interests, or user behavior, for example.

Step 8: Bidding

Determine how much you want to bid for each click on your ad. Here you should be guided by your budget and target groups.

Step 9: Monitor and optimize

Monitor your campaign regularly and optimize it as needed. Analyze which ads are performing well and which are not, and adjust your campaign accordingly.

Conclusion

Running ads on Google Ads can be a very effective online marketing strategy for businesses. Careful keyword research, targeted are key.

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Sales writing and copywriting: How to convince with words

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

Whether it's on a website, in a newsletter, or in an ad, sales copy and copywriting are everywhere, with the goal of getting the reader to take a specific action. This can be the purchase of a product or service, but also registering for a newsletter or filling out a contact form.

But how do you write good sales texts? Here are some tips:

Know your target audience

Before you start writing, you need to know who your target audience is. What are their needs? What problems does your product or service solve for them? The better you know your target group, the more targeted and convincing you can formulate your messages.

Write clearly and concisely

Sales texts should be short and concise. Long, convoluted sentences can confuse and bore the reader. Also avoid technical jargon and complicated formulations. Instead, write in clear, simple language that everyone understands.

Use emotional language

Sales texts should not only inform, but also arouse emotions. People often make decisions based on feelings, not facts. Therefore, use emotional language to pique the interest and curiosity of your readers. Use strong verbs and adjectives to reinforce your messages.

Generate trust

People only buy from companies and people they trust. Therefore, it is important to inspire trust in your sales copy. For example, you can point out references or awards or offer a money-back guarantee.

Use a clear call to action

At the end of your sales copy, there should be a clear call to action that prompts the reader to take a specific action. Use active verbs such as "buy", "register" or "test". The call to action should be clearly visible and visually emphasized.

Test and optimize

A/B testing is a great way to find out which sales copy works best with your audience. Test different variants and then optimize your texts accordingly.

Conclusion: Sales texts and copywriting are an important component in online marketing and can make the difference between success and failure. Through the targeted use of emotional language, clear calls to action and building trust, you can convince your target group and increase your conversions.

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