“Why should I spend money on PR?”
It’s a question many business leaders and entrepreneurs ask when allocating their marketing budgets. And even though it’s possible to drive a business with minimal or no PR spend, it’s unlikely that the brand will ever gain traction in its industry or key markets.
Many businesses regard public relations as an afterthought and the PR machine is only activated when they are hit by a scam or crisis. On the other hand, brands with consistent PR efforts are able to create long-term sustainable accomplishments, and are far more successful in dealing with negative publicity.
PR helps generate leads
A targeted media outreach backed by high-value content assets (data studies, whitepapers, opinion pieces) will gradually convert into a lead generation machine, catching eyeballs of the right investors, talent and prospects. With the right messaging and strategy, PR can increase your credibility as a stable and potentially lucrative investment target while cultivating relationships with key opinion leaders.
It helps to boost your SEO
For any brand, the key to driving visibility and positive impressions relies on being top of mind. And, the importance of SEO becomes even more critical as brands must be present and found online, easily. The more media coverage a brand receives, the more links it receives back to its website. Links from reliable, trustworthy media sources rank high in Google’s algorithm, leading to better search results.
Trust for editorial content is more valuable than ads
PR’s approach to positioning your business in the public light differs greatly from that of advertisements. Media reports suggest that consumers trust third-party editorial content (which is shareable and can be re-purposed), more than any type of advertising or endorsement.
PR builds successful thought leadership
Thought leadership is one of the more strategic approaches to building up the credibility of CEO’s and business leaders. It provides a great opportunity to accomplish critical business objectives, evangelise company culture, support recruiting efforts and gain partnerships and endorsements. A well planned out thought leadership campaign is not just limited to publishing opinion articles but also creates a pipeline of events, conferences, speaking opportunities, and of course social media.
PR enables cross-channel messaging
Creating a digital editorial calendar is critical to keeping your company’s messaging consistent across your key distribution channels. By combining information for your blogs, email marketing and PR efforts, you ensure consistency and one unified message directed to all your content channels.
With the rise of digital and social media, the fight for attention has never been greater. Trust can be difficult to build and reputation has become even harder to protect. PR helps build brand honesty and credibility, and it’s one of the best investments a business can make.
“If I was down to the last dollar of my marketing budget I’d spend it on PR!”
– Bill Gates
If you need any help with your 2017 PR efforts, drop us a note at [email protected].