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What do I have to pay attention to when placing online advertising?

05/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When placing online ads, there are several factors you should consider to create a successful campaign. Here are some important points you should consider:

Define clear goals: Before you start running online ads, you should set clear goals. Do you want to generate more traffic to your website, make more sales or increase your brand awareness? Depending on the objective, there are different strategies and tactics to optimize your campaign.

Choose the right audience: select the audience most likely to be interested in your products or services. Use demographic, geographic, and behavioral data to define your audience and target your ads.

Use engaging ads: Create engaging ads with eye-catching headlines, appealing images or videos, and clear call-to-actions. Make sure your ads are relevant and engaging to your target audience.

Use the right keywords: use relevant keywords in your ad to ensure it is seen by the right people. Use keyword tools to find relevant and frequently searched keywords.

Monitor your campaign: regularly monitor the performance of your campaign to make sure it's getting the results you want. Analyze your click-through rate, conversion rate, and cost per click to see if your campaign is successful or if changes need to be made.

Test different ad versions: Create different ad versions with different headlines, descriptions, and ad extensions. Test these variations and analyze which ads work best. Use these insights to continuously improve your ads.

Pay attention to budgeting: make sure you keep an eye on your campaign budget and make sure you're getting the most out of your budget. Set bids to ensure that your ads are placed in the right place.

By keeping these points in mind, you can create a successful online advertising campaign that achieves your business goals and appeals to your target audience.

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The 5 most common mistakes when dealing with Google Ads

05/18/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Here are five common mistakes when using Google Ads:

Lack of keyword research: If you're targeting your campaign for keywords that aren't relevant or are too general, you may not be reaching the right audience. Conduct thorough keyword research to identify the right keywords that match your offers and target audiences.

Unclear ad copy: Your ad copy should be concise and meaningful to appeal to potential customers. Avoid using generic phrases or too many technical details that don't appeal to customers.

Lack of conversion tracking: if you don't do conversion tracking, you won't be able to see which keywords or ads are actually leading to sales or conversions. Make sure you have conversion tracking set up to measure and optimize the success of your campaign.

Excessive bidding: Bidding too high for keywords or ads can drive up your costs without getting the results you want. Use Google's bidding strategies to automatically bid on keywords and make sure your budget is being used effectively.

Lack of control: if you don't regularly monitor and optimize your campaigns, you may not get maximum return on your ad spend. Regularly review your campaign performance and adjust your bids and ads to make sure your ads are effective and you're getting the success you want.

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What are typical problems when using Scrum or agile methods?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Although Scrum and agile methods have become very popular in software development and other projects, there are still some typical problems that can occur when using them. Here are some of the most common problems:

Inexperience:

A common problem with using Scrum and agile methods is that the team and stakeholders may not be sufficiently familiar with the methodology, which can lead to delays and misunderstandings.

Lack of commitment: another issue is that the team may not be fully committed to using the agile methodology, which can cause them to fall back into old ways of working.

Complexity: Scrum and agile methodologies are meant for complex projects, which means they are not always appropriate for simple or small projects. In such cases, they can add unnecessary complexity.

Ineffective meetings: Scrum is based on regular meetings, which are essential for effective collaboration. However, when these meetings are ineffective or take too long, they can waste more time than they save.

Lack of flexibility: Agile methods rely on flexibility and adaptability to respond to changes in the project. However, if the team is too rigid in its approaches, it can result in not implementing changes quickly enough.

Missing planning: although Scrum and agile methods rely on an iterative and incremental way of working, it is still important that the team and stakeholders have an idea of where the project is going. Lack of planning can cause the team to stray from the goals of the project.

Inadequate communication: agile methods rely on open and effective communication between the team and stakeholders. If there are problems with this, it can lead to misunderstandings and mistakes.

However, these problems are not insurmountable, and there are many ways to solve or avoid them. Careful planning, training, and open communication are critical to working successfully with Scrum and agile methods.

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What is network competence?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Networking skills refer to the ability to interact effectively with others to establish and maintain mutually beneficial relationships. Networking competence encompasses a variety of skills and attributes, including the ability to socialize, build relationships, establish trust, present oneself, listen, give and receive feedback, communicate constructively, negotiate effectively, and resolve conflicts.

Good networking skills are critical in many professions and industries because they enable people to build and maintain business relationships, identify career opportunities, and advance their careers. Effective networking skills can also help people gain the trust and support of colleagues, supervisors, customers, and other key people, which can lead to successful professional relationships.

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What should be considered in agile project management?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Agile project management is a method that aims to increase the efficiency and flexibility of projects by responding to the needs and feedbacks of the customer. Here are some important points to consider when applying agile methods to project management:

Agile methods require a clear vision: a clear vision of the project, shared by all stakeholders, is essential for the success of agile projects. Everyone should know and understand the goal in order to focus on priorities and objectives.

Transparent communication is necessary: Agile methods require open and transparent communication within the team and with customers. Feedback from customers should be collected quickly and regularly, and integrated into the project.

Agile methods require close collaboration: an agile team works closely together to make quick decisions and adapt to changes. Collaboration and sharing knowledge and ideas within the team is essential.

Agile projects require flexible planning: planning in agile projects is done in short cycles. It is important to be flexible and ready to make changes and adjustments to adapt to changes in the project.

Agile methods rely on iteration and continuous improvement: in agile projects, the project is divided into smaller tasks and steps that are worked through in short intervals (sprints). At the end of each iteration, the result is evaluated and optimized to continuously improve the project.

Agile projects require a team that is self-organizing and self-responsible: an agile team should be able to plan and execute its tasks independently. Members should be self-responsible and take responsibility for their results.

Agile methods require the right tools: Agile project management tools such as Scrum boards, Kanban boards, or agile software tools can help facilitate team collaboration and keep track of the project's progress.

Agile methods require continuous reflection: the team should regularly reflect on the progress of the project and how they are working together to identify challenges and issues and implement improvements.

These points can help you plan and execute successful agile projects. However, it is important to note that agile methods are not suitable for all projects, and the team and organization must be willing to make the necessary changes and adjustments to work in an agile manner.

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