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Targeting in Google Ads - How to reach potential customers in a targeted way

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

Targeting is one of the most important strategies in Google Ads to target your ads to the right audiences. It allows you to display your ads only to users who are most likely to be interested in your products or services. In this article, you will learn how to perform effective targeting for your Google Ads campaigns.

Keyword targeting

Keyword targeting is the most commonly used targeting method in Google Ads. It involves selecting keywords that are relevant to your target audience and placing your ads in the search results for those keywords. You can use specific keywords to pinpoint exactly what users are searching for, or use more general keywords to reach a broader audience.

Location targeting

Location targeting allows you to target your ads to users in specific geographic areas. This is especially useful for local businesses or businesses that only operate in certain regions. You can narrow your location targeting to countries, regions, states, or even cities and zip codes.

Demographic targeting

Demographic targeting allows you to target your ads to users with specific demographic characteristics, such as age, gender, marital status, or education level. This method is particularly suitable for companies that sell their products or services to specific target groups.

Interest targeting

Interest targeting allows you to target your ads to users who have certain interests and behaviors. Google analyzes user behavior to determine their interests and preferences and can deliver relevant ads based on that. This method works well for businesses that want to target a broader audience.

Remarketing targeting

Remarketing targeting allows you to target ads to users who have already been to your website. This method uses cookies to identify users who have visited your website and shows them targeted ads based on their previous interactions. This is especially effective for increasing conversions from users who have already shown interest in your products or services.

Conclusion

A targeted targeting strategy is crucial to the success of your Google Ads campaigns. It is important to choose the right targeting methods to ensure that your ads are directed to the right audiences. With an effective targeting strategy, you can reduce your marketing costs and increase your conversion rates by presenting ads only to users who are most likely to be interested in your products or services.

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Acquisition costs in B2B - What does a new customer cost?

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

In the world of business-to-business (B2B) sales, customer acquisition is a crucial part of any successful marketing strategy. But how much does it actually cost to acquire a new customer? This is a question that many businesses struggle to answer, yet it is essential to understanding the ROI of your marketing efforts and determining the appropriate budget for future campaigns.

Acquisition costs refer to the total expenses incurred to acquire a new customer. These costs include all marketing and sales expenses associated with generating leads, nurturing prospects, and closing sales. Some of the most common acquisition costs in B2B sales include:

Advertising costs: This includes the cost of paid search ads, display ads, social media ads, and other online advertising campaigns.

Content creation costs: This includes the cost of creating content such as blog posts, ebooks, whitepapers, and other educational materials that are used to generate leads and nurture prospects.

Sales and marketing salaries: This includes the salaries of your sales and marketing teams, including any bonuses or commissions they receive for closing sales.

Technology costs: This includes the cost of any technology platforms used for marketing automation, customer relationship management (CRM), and other sales and marketing tools.

To calculate the acquisition cost of a new customer, you need to add up all of these expenses and divide them by the number of new customers acquired during a given period.

For example, if you spent $100,000 on advertising, content creation, sales and marketing salaries, and technology costs, and you acquired 50 new customers during that period, your acquisition cost per customer would be $2,000.

Understanding your acquisition costs is critical because it allows you to determine the ROI of your marketing and sales efforts. If your acquisition costs are higher than the lifetime value of a customer, then you are not generating a positive ROI and need to make adjustments to your marketing strategy. On the other hand, if your acquisition costs are lower than the lifetime value of a customer, then you are generating a positive ROI and can allocate more resources to marketing and sales efforts.

In conclusion, understanding your acquisition costs in B2B sales is essential to running a successful marketing and sales strategy. By tracking your acquisition costs and making adjustments to your marketing and sales efforts, you can ensure that you are generating a positive ROI and achieving your business goals.

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Consulted and sold? What consulting can do - and what it can't

02/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Consulting offers companies a range of services that enable them to optimize their business. Some of these services can help advise and support a business, while others are more focused on sales.

Consulting is a service that helps companies solve problems by intervening in the structure of the company, developing a new business model, or creating a strategy. Consultants help businesses solve complex problems by providing advice, analysis, and guidance on specific business problems and needs. Consulting can also help set a business on a new path by encouraging it to explore new ideas and opportunities that it had not previously considered.

Sales is another type of service offered by consulting firms. Sales consulting is a specialized service that can help companies develop and implement sales strategies. A sales consultant can help businesses plan their marketing, develop their sales strategies, reach their customers, and improve their sales techniques.

The main difference between consulting and sales is that consulting is focused on solving business problems, while sales is focused on selling products or services. Therefore, consulting can help companies develop a strategy to improve their business, but selling is an additional step that must be taken to attract new customers or increase sales.

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How to build passive income with a digital product

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

There are many ways you can build passive income with a digital product. Here are some of the best strategies you can use:

1. Create a digital product. This can be an e-book, a video course, a membership area, or anything else you can offer as a digital product.

2. Build an email list. Email is one of the best ways to reach potential customers. By collecting email addresses, you can expand your customer base and send them regular updates about your product.

3. Use social media. Use social media to promote your business and product. This will help you reach more people and promote your product.

4. Build a website. A website is a great way to educate and sell customers on your product.

5. Create an affiliate program. With an affiliate program, you can allow others to promote your product on your website. You will then receive a commission when someone buys your product through an affiliate link.

6. Use online advertising. Advertising on websites and social media is another way to promote your product.

7. Publish a blog. A blog is a great way to learn more about your product and provide more information to your customers.

With a combination of these strategies, you can build passive income by selling your digital product. As you refine your strategies and reach more people, you can generate even more revenue.

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Become a high ticket closer instead of designing your own product?

01/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
It is possible to work as a High Ticket Closer without designing your own product. There are many companies that hire High Ticket Closer to sell their products. These companies have already developed the products and need help with marketing. As a High Ticket Closer, you will be paid for your sales talents by helping them sell the company's products. However, you need to know the company's sales techniques and strategies to be successful.
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