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The study of marketing: A look at the course contents

11/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In an increasingly competitive business world, marketing has become a decisive factor for the success of companies. The marketing degree programme prepares students for the challenges and opportunities in this dynamic field. But what content can prospective marketing experts expect to learn? This article takes a closer look at the marketing degree programme and provides insights into the exciting topics that students explore.

Introduction to marketing

Marketing studies often begin with a basic introduction to the concepts and principles of marketing. Here, students learn the basic terms, theories and strategies that are important for the development of marketing campaigns and strategies.

Market research

A central component of marketing is the ability to understand the market and target groups. Students learn how to conduct market research to gather information about customer preferences, competitive landscapes and market trends. This data forms the basis for informed marketing decisions.

Consumer behaviour

Understanding consumer behaviour is of crucial importance for successful marketing. Students study the psychological, sociological and economic aspects of consumer behaviour to understand why people buy certain products and how they respond to marketing messages.

Advertising and promotion

Advertising is a key element of marketing. Students learn to develop creative advertising campaigns, plan media strategies and communicate marketing messages effectively. This may also include the study of digital advertising methods and social media.

Brand management

The development and maintenance of brands is of central importance for many companies. In the marketing degree programme, students learn how to build, position and protect brands. This includes identifying the unique characteristics of a brand and designing brand messages.

Digital marketing

In today's digital era, digital marketing is essential. Students are introduced to the use of online marketing strategies, search engine optimisation (SEO), content marketing, social media marketing and email marketing. They learn how to plan, analyse and optimise online campaigns.

Marketing strategies and management

A central focus of the programme is the development of marketing strategies that ensure the long-term success of a company. Students learn how to create marketing plans, manage budgets and measure the success of marketing initiatives.

Internships and career preparation

Many marketing programmes offer the opportunity for internships at marketing agencies, companies or non-profit organisations. This practical experience is crucial for entering the professional world and applying the knowledge acquired during your studies

Conclusion

The marketing degree programme is diverse and offers a wide range of course content. It enables students to understand the dynamic world of marketing and prepare them for various career opportunities in companies, advertising agencies, consultancies and other organisations. From market research to advertising campaign development, this degree programme provides a solid foundation for a successful career in marketing.

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What must a speculative application as a freelancer contain?

11/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A speculative application as a freelancer should be carefully prepared, as it is often the first step in attracting the attention of potential clients or customers. Here are the most important elements that should be included in a speculative application as a freelancer:

Solicitation letter:

Start with a polite salutation that includes the name of the potential client or customer, if possible. Otherwise, you can start with "Dear Sir or Madam"

Introduce yourself briefly and explain what area you work in as a freelancer (e.g. web design, writing, graphic design, programming, etc.).

Give a brief overview of your qualifications, experience and skills that qualify you for the potential job.

Explain why you are interested in working with the company and what benefits you can offer the company.

Resume (CV):

Attach your current CV, which includes your professional experience, qualifications, education and relevant projects.

Emphasise particularly relevant experience and skills that may be of interest to the potential client.

Portfolio:

If your work is visual or project-based (e.g. graphic design, web development, writing), include links to your portfolio or samples of your work in your cover letter. You may also attach some samples of your work directly if appropriate.

References:

If possible, provide references from previous clients or customers who can attest to your work and professionalism.

Quotation and availability:

State what type of projects you are looking for and what services you offer. Clarify your availability and any time constraints.

Contact details:

Make sure your contact details are easy to find. Include your email address, phone number and website (if available)

Close:

Thank them politely for their attention and express your interest in further communication or a personal meeting.

Indicate how the potential client can best reach you. Remember that your speculative application as a freelancer should be professional, well-structured and adapted to the needs of the company in question. Tailored applications have a higher chance of success. You should also make sure that your application is free of spelling and grammatical errors, as this gives a professional impression.

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What is Cold Marketing?

11/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Cold marketing refers to marketing activities in which companies attempt to promote products or services to potential customers or target groups who have had no previous relationship or interaction with the company. In other words, it involves targeting people who have no prior knowledge of the brand or offering and are therefore "cold" in terms of interaction with the company.

Cold marketing can take various forms, including:

Cold acquisition: This involves direct contact from potential customers who have not previously interacted with the company. This can take the form of phone calls, emails or personal visits, for example. Cold calling can be used in the B2B and B2C sectors.

Direct mail (direct advertising): Companies send physical advertising materials such as brochures, flyers or catalogues to a broad target group that they have not previously contacted.

Cold advertising on social media: Companies place adverts on social media platforms such as Facebook, Instagram or LinkedIn to target potential customers who have not previously seen their pages or posts.

Cold marketing emails: Companies send unsolicited emails to people who have not previously given their consent to be contacted. However, this type of email may be subject to legal restrictions in some regions and countries.

Cold marketing events: Companies organise events or webinars to reach out to potential customers they have not reached before.

Cold marketing can be effective, but often requires more effort and resources compared to marketing activities aimed at existing customers or people who have already shown interest in a product or service. In order to conduct successful cold marketing, thorough market research, clear positioning and a targeted communication strategy are crucial. It is also important to ensure that cold marketing activities comply with applicable data protection and advertising guidelines, particularly with regard to the protection of personal data and compliance with opt-in regulations for email marketing.

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How to develop a profitable business concept

11/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Developing a profitable business concept is the key to success for budding entrepreneurs. A solid business concept is the foundation for your company and will help you attract investors and conquer the market. In this article, we will highlight the steps you can take to develop a profitable business concept.

1. Market research and analysis

The first step in developing a profitable business concept is comprehensive market research and analysis. You need to understand the market you are entering and identify the needs of your target audience. Ask yourself:

Is there a demand for your product or service?

Who are your main competitors and how do you differentiate yourself from them?

What trends and developments are influencing your market?

In-depth market research will help you recognise opportunities and challenges and develop a clear strategy for your business.

2. Target group profiling

After you have analysed the market, it is important to understand your target group precisely. Create a detailed profile of your potential customers, including their demographic characteristics, interests, needs and problems. The better you understand your target group, the better you can tailor your product or service to them.

3. Unique value proposition (UVP)

Your UVP is what makes your business unique and how it stands out from the competition. It's important to clearly communicate why your product or service is valuable to customers. Your UVP should provide the solution to a problem or fulfil a need for your target audience.

4. Business model and monetisation

Define your business model and consider how you will make money. What pricing models will you use and how will you generate revenue? Also think about how you can scale your business to be profitable in the long term

5. Marketing and sales strategy

Develop a marketing and sales strategy to successfully bring your product or service to market. Think about which channels you will use to reach your target group and how you will attract customers. This can include online marketing, social media, advertising, PR and other measures.

6. Financial planning and budgeting

Create a financial plan and budget for your business. Calculate all costs involved, including operating costs, marketing expenses and employee salaries. Make sure you keep an eye on your finances and manage your income and expenses.

7. Prototype or minimum viable product (MVP)

If possible, develop a prototype or MVP to validate your concept and gather initial customer feedback. This will allow you to optimise your product or service before you go into large-scale production or scaling.

8. Company structure and team

Define the company structure and build a team that has the necessary skills and experience. A strong team is crucial to the success of your business.

9. Business plan and presentation

Finally, you should create your business plan that covers all aspects of your business concept and prepare a convincing presentation to present to investors or funding opportunities.

Developing a profitable business concept takes time, research and planning. However, it is the key to your success as an entrepreneur. If you go through these steps carefully and continuously adapt and improve your business concept, you will increase your chances of a profitable future for your company.

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Google Analytics - What's changing in 2023

11/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Google has announced that there will be some changes to Google Analytics in 2023. These changes include:

1. Expansion of automated analytics for retail and cross-device tracking.

2. Introduction of Google Analytics 4, a new version based on machine learning.

3. More options for linking offline and online data.

4. Improved collaboration with other cloud-based tools for data analysis.

5. Enhanced attribution capabilities that allow companies to measure the impact of their advertising across multiple platforms.

6. Introduction of new reporting capabilities that enable companies to better understand their customer behavior.

7. Enhanced capabilities for creating custom reports to help businesses better respond to their unique needs.

8. Enhanced capabilities for using AI-based tools to simplify data analysis.

Google has announced that there will continue to be updates to Google Analytics to help businesses better understand and use their data.

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The Media & PR-Database 2026

Media & PR Database 2026

The new media and PR database with 2026 with information on more than 20,000 newspaper, magazine and radio editorial offices and much more.

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