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News / Blog: #strategy

What factors influence your business success?

01/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Customer satisfaction: a satisfied customer is a satisfied customer. It is important that customers have a positive experience and trust the company.

2. Demand: The success of a company depends on the demand for the products and services. If customers do not have enough demand, businesses cannot grow.

3. Pricing: a competitive price is an essential factor to attract customers. It is important to offer a pricing model that is profitable for both customers and the company.

4. Marketing: a good brand and a strong marketing strategy are essential to increase the customer base and attract new buyers.

5. Product quality: a product must be of the highest quality to attract and retain satisfied customers.

6. Location: a good location can affect the success of a business. A location close to customers can help increase sales and profits.

7. Technology: thanks to new technologies, companies can reach more customers and offer their products and services faster and more efficiently.

8. Financing: good financing is crucial to make a business successful. Companies need financial resources to make investments and achieve growth.

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How to make your brand successful through communication

01/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your target audience: The first step in creating a successful communication strategy for your brand is to identify your target audience. You need to know who your target audience is and how best to communicate with them.

2. Develop a strong brand: A strong brand is the foundation for successful communication. Define your company, its mission, values and message. This information will help you communicate your brand.

3. Create a plan: A communication plan includes a timeline and details about how your brand will be communicated. It also includes information about what media and channels you will use to spread your brand.

4. Use social media: social media is an important part of a successful communications strategy. It can help you connect with your target audience and help you spread your brand.

5. Measure your success: measure how successful your communication strategy is by regularly checking the number of followers, the number of likes, the number of comments and the number of shares. This will help you see what's working and what's not, so you can adjust your strategy.

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How to make a successful customer acquisition

01/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Make sure that your product and service offers a solution to the needs of your potential customers. This is the most important step to successfully attract customers.

2. Define the target group you want to address. Do you know who your potential customers are and how best to reach them?

3. Create a strategy for customer acquisition. Think about which channels you want to use to promote your services and products.

4. Create a professional cover page that will appeal to potential clients.

5. Go to networking events to showcase your business.

6. Use social media to market your business.

7. Turn your customer into a brand ambassador by offering them unique deals and experiences.

8. Build relationship marketing to nurture your customer relationships.

9. Rely on content marketing to deliver relevant content to potential customers.

10. Measure and analyze results to optimize your acquisition strategy.

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You have already tried everything and still your website gets far too few visitors?

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

There are some steps you can take to get more visitors to your website.

1. Make sure your content is high quality. Your content should be relevant to your target audience and provide value to readers.

2. Perform an SEO analysis. To reach more visitors, you need to optimize your website for search engines.

3. Create a social media strategy. Social media can be a valuable source of new visitors.

4. Create a newsletter and build an email list. Email can be a very effective and inexpensive way to generate new visitors.

5. Invest in search engine advertising. Search engine advertising can be a valuable source of quick visitors.

6. Build a network. Networking to other websites can help you generate more visitors.

7. Take advantage of guest posts. Look for sites that accept guest posts and write posts that link to your site.

8. Conduct A/B testing. A/B testing can help you figure out how to optimize your website to attract more visitors.

9. Build an app. Apps can be a very effective way to drive traffic to your website.

10. Use Influencer Marketing. Influencer marketing is a great way to generate more visitors.

By following these steps, you can get more visitors to your website. However, it is important to note that the results will not happen overnight. You need to invest time and effort to get the best results possible.

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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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