5 Ways to Increase Your Business Profits Through PR

Public relations (PR) can bridge the gap between the people behind a product or service and the individual purchasers. That means PR firms use their talents to draw direct lines between those who are looking to spend money to solve a challenge and the companies that can meet their needs. Although PR campaign results are not easily measurable, good PR can bolster your business’s sales and help your company grow. Here are five ways PR can help you increase your profits.

1. Position Executives as Leaders in the Field

Any great PR strategy should include elements of thought leadership, which will help position your executive team members as leaders in their fields. You can do this through interviews, offers to comment on industry-related breaking news and evergreen topics, and especially through opinion pieces.

Thought leadership ultimately builds credibility for your brand. When the people running your company are also considered the key authority figures within your industry, consumers are more likely to trust your products and services and may be more likely to purchase from you over your competitors.

Best of all, thought leadership can be executed on a very small scale! Pitch op-eds to your local and neighborhood newspapers and watch profits through PR grow.

2. Visibility

Don’t believe anyone that says brand awareness doesn’t impact your bottom line. Traditional public relations campaigns can work wonders when it comes to increasing simple brand awareness. This is a classic top-of-funnel marketing strategy that will help you make more sales and close deals down the line because consumers have to first realize that your brand exists before they can spend money with you!

Although advertising is one good way to build leads, every business has finite resources. Earned media through pitching will help you reach more potential customers without an additional budget, especially if you land a coveted mention in a nationally-reaching publication. A percentage of the people who read the piece will likely turn into customers down the line.

3. Develop Lucrative Partnerships 

Well-aligned partnerships can do lots of good for both parties. The key to nailing an authentic partnership is to make sure both parties’ values align. Both brands or individuals need to be working towards similar missions, or consumers will see through the charade.

PR professionals are master networkers; they spend significant time nurturing relationships with reporters, influencers, and government entities on behalf of brands. That means PR pros will have well-targeted suggestions on the best brands or people to partner with and those to avoid. The ideal partnership will feel natural but will expose both parties to new audiences and demographics.

Partnerships can also be “in-kind,” meaning you don’t have to spend additional budget to work together—each member of the partnership gives up goods or services instead. In-kind partnerships are a great way to share your goods with partners so they can talk about your product or services firsthand, thereby increasing the reach of your partnership. In the same vein as coverage in large publications, when a well-respected thought leader or influencer shouts out your product, consumers are more likely to trust your brand and become purchasers down the line.

4. Traffic Generation and Improved SEO

Every media hit, influencer post, and partnership secured will help drive traffic to your brand’s website. Search engines like Google rely on backlinks, or links to your site from other trusted sources, to help it determine which webpages to boost when search queries are submitted. The more trustworthy backlinks you can secure, the better your website is ultimately going to perform. 

Public relations can also improve SEO, or search engine optimization. When your brand is featured in an article or you’re selected for an interview, you’ll start to be associated with certain keywords. When searchers type in these keywords, your website will be more likely to show, thereby securing more eyes on your site (and improving profits in the process).

5. Build Brand Reputation

Media and social media coverage should be consistent in tone. Great PR firms will ensure all executives who are available for interviews are prepped on key talking points, preferred brand language, and tone before chatting with media. Social media posts, website images, and op-eds should all work together to underscore your brand values.

Managing a brand, especially for large companies, is no easy task. But a cohesive brand is a persuasive one; consumers are more likely to trust your brand and be loyal to your company if they know what to expect from you across all platforms. If you employ a playful tone on your website, have fun with social media copy and media interviews, too! If your brand prefers to use formal business language, this reflects in published op-eds and blogs. This sort of eye for detail from your selected firm will help you build profits through PR over the long term.

How can I measure profits through PR campaigns?

There are several KPIs your PR team can employ. You can track the number of media hits secured, the number of impressions secured, and the number of readers per month for any particular publication in which you’re featured.

PR firms can also use trackable links and measure how many people visit your website from each media placement. We can use similar tactics when tracking partnership coverage and social media results.

How long should I expect it to take before I see profits from my PR campaigns?

The answer will differ across industries. Most PR firms suggest it will take four to six months to see tangible results in the form of increased sales, improved SEO, and improved brand awareness. For industries with greater competition, expect a longer lead time.

Curious how else a PR team can improve your business’s revenue? Contact us to chat with a member of our team about how our services can help support your business goals!

by R Public Relations Firm

Does Pay-for-Placement PR Work? Expectations Versus Reality

One of the more frustrating aspects of public relations (PR) is that it can be harder to measure ROI than traditional advertising or digital marketing, for example. What’s more, good PR can often take a little bit of time to make an impact and in today’s world of instant gratification, that can make those approving PR budgets antsy. Enter pay-for-placement PR. But does it really work? Let’s find out.

Pay-for-Placement PR Defined

PR firms offer different types of payment models such as an hourly rate or a monthly retainer for their services. Another lesser-known model is called pay-for-placement PR which means the firm only gets paid after a story about you appears in the media. It’s an option that often appeals to startups or small-business owners who have limited budgets.

Expectations versus Reality with Pay-for-Placement PR

While this model can be effective, it’s not without controversy. Here’s our take on the realities of pay-for-placement PR.

Pros: 

• You get what you pay for – Instead of wondering what exactly your PR firm is doing to earn that PR retainer or if they should be charging more or fewer hours to get the results you want, with pay-for-placement PR, you eliminate that uncertainty.
• Focuses on the short-term goal – This often works for startups or small businesses who need to create some quick brand awareness or publicity for a new product release and/or an event. But don’t yet need some of the more long-term PR services like reputation management or media training.

Cons: 

• Not every media placement is the same – Is a media placement in an obscure local publication the same as one in the lead publication in your industry? No, but you might be paying the same if you’re not careful upfront with this model. It’s about quality versus quantity. And that goes for how prominently your brand, product, or service is featured, too. It doesn’t do you much good if you only garner a small mention.
• It can limit the relationship with your PR firm – Pay-for-placement PR is transactional, no doubt, and while that’s not necessarily a bad thing, part of the key to success with public relations is the strength of your partnership with the firm you use. When your PR firm is immersed in your brand they can tell your story more effectively, and retainer clients typically get more value-added services by the nature of their investment.
• The model can invite abuse – If there’s a system to game, someone will find a way regardless of the industry and PR is no different. Yes, there are some unscrupulous firms out there who may cut corners and/or try to offer kickbacks to journalists to gain placements. This is completely unethical, but don’t let it overshadow a model that can work when done correctly especially when there are ways you can protect yourself and your brand.

Meeting Expectations with Pay-for-Placement PR

To meet (or exceed) expectations you have to set them clearly, of course. That’s one of the ways to ensure you get the best results with pay-for-placement PR (or any type of public relations, advertising, or marketing). Yet, you’d be surprised how many brands do so. But that’s a post for another time. Other ways to ensure your expectations are met with pay-for-placement PR include:

• Do your homework on the best type of PR firm to represent you, and not just for pay-for-placement, but also for your brand and industry in general. Then vet them thoroughly.
• Again, define what you want to achieve. What types of media publications, placements, and mentions equal success to you?
• Develop as close a working relationship with your PR firm as possible with this model; the better they know your brand and the better you work together, the better your media placements will be.
• Track the work your PR firm is doing and make sure you can make adjustments if you don’t think you’re getting your money’s worth.

To learn more about how R public relations services can help your business, click HERE to schedule a FREE Discovery Call today!

by R Public Relations Firm

Top 5 Scariest PR Mistakes

As Halloween approaches, it’s the season of scary movies, haunted houses, and spooky costumes. But if there’s a scare you want to avoid now (or any time of year really) it’s the dreaded PR mistake. Truly, this is the stuff of nightmares for your business and some mistakes are unfortunately all too common. Here are the top five scariest PR mistakes and how to avoid them.

1. Not understanding your audience

By this, we mean not only your customers and potential customers but also the publications and journalists to which you are pitching. Just because your “news” is important to you doesn’t mean it’s important to these groups. So, before sending anything make sure it’s something your customers need/should know about and that you’re reaching the right journalists and publications to get that message across.

2. Ignoring media relations

If your business only gets in touch with journalists when you want them to cover something for you, then your chance of success is slim. Don’t have the time to cultivate and nurture these relationships? This is where a PR firm can be particularly helpful and is actually a specialty area for us. We’ve spent years on media relations in lifestyle industries such as restaurants, hospitality, retail, health and wellness, and non-profits, which is why we get such great coverage for our clients.

3. Going only for the big names

Who wouldn’t want coverage in the Wall Street Journal or the New York Times, they’re the ultimate in credibility right? But that doesn’t mean they’re the best fit for the message you want to share with your audience. And, unless your news is BIG, they likely won’t give you the time of day. Instead, consider industry publications and/or even local publications. They’re much more targeted meaning you know your audience is reading them, and you’re much more likely to stand out. 

4. Creating a promotional pitch

Yes, the idea is to promote your business. BUT, when you’re pitching to news publications, your pitch has to be newsworthy! Huh? This type of PR is called earned media which essentially means you are earning free coverage instead of paying for promotion. You can’t just submit a sales brochure on your latest product and call it a pitch. You have to put together a story that showcases your business. Think case studies, unique applications, timely events, etc. Again, this is where a PR firm can help you shine. We know what journalists are looking for and the types of pitches that work (or don’t).

5. Winging a media interview

Finally, it’s happened, you’ve pitched and a journalist wants to interview you for a story. Great news! But that’s just the beginning. Although you may know your business inside and out, interviewing skills don’t come naturally to most. Not to mention, you likely won’t know the angle the journalist is going to take which may throw you on the spot. As such media prep is a must so you know exactly what messages you want to get across and can do so effortlessly. A PR firm can also help you immensely here by conducting mock interviews, creating talking points, and more so the coverage presents your business in the best light.

To learn more about how R public relations services can help your business, click HERE to schedule a FREE Discovery Call today!

by R Public Relations Firm

R Mid-Year PR Regroup Tips

We've passed the half-year point and if your business hasn't gained the awareness and interest you want, it’s time to regroup. Many small businesses initially try to tackle PR themselves and quickly find out it’s not as easy as it seemed initially. But that doesn’t mean you have to shell out the big bucks to a large PR agency to find success. Here are some quick PR regroup tips to get your business going in the right direction as we start the last half of the year.

1. Start by asking questions

Look at the goals you made at the start of the year. Specifically, PR goals, but it’s worth looking at other business goals as well in case there are ways for PR to help you achieve them going forward that you didn’t consider before. Measure how far off-track you may be and why. For example, was it that your PR attempts just didn’t work, or did you get too busy and let them fall off? In the case of the former, consider what might have gone wrong and how you might improve. For the latter, you might consider whether a lack of PR will end up costing you more than what it might take to get some help in this area.

2. Keep your social media on point

Yes, this takes a lot of time, but small businesses should consider social media the low-hanging fruit so to speak. It’s a PR tool that’s more easily in reach to you and it’s a way you can go directly to your audience to build interest and awareness. Consider your audience and make sure you’re active on the platforms which they frequent. The caveat: you have to be interesting and relevant to get their attention. Give them a reason to share, and do it often!

3. Stalk your competition

Not really, well maybe. If PR is not in your wheelhouse, one way to spark ideas is to look at what your competition has done that’s been successful in this area, and where they’ve failed. Note where they pop up, what they promote, who’s talking about them, and what they are saying. Then figure out how those tactics might be of use for your small business. And, don’t just stop at competitors, consider other small businesses that are in your local area, or even better that complement you. Reach out to them, maybe you can partner on some collective PR or at the very least get some ideas on what’s worked for them. Entrepreneurs love to help other entrepreneurs succeed; they know firsthand how hard it can be out there!

Go from PR Regroup to Launch

We started out as a small business too and very much understand the need to build awareness and interest, but have a lack of time and money to put towards it. That’s why we created our Launch program for lifestyle brands such as restaurants, hospitality, retail, health and wellness, and non-profits. This 6-month program includes developing a brand identity, PR plan, and campaign for small businesses that qualify. 

To learn more about how R Launch program can help your small business, click HERE to schedule a FREE Discovery Call today!

by R Public Relations Firm

5 Ways PR Will Increase Your ROI

Increasing marketing ROI is paramount for any organization. Yes, it’s true you have to spend money to make money as the old saying goes, but the reality is you have to quantify the impact of those dollars or risk not just losing your marketing budget, but negatively impacting your organization overall. While in some areas of marketing, like advertising, it’s relatively easy to measure ROI, others, like PR, have always been harder to measure. As such the impact of PR often goes overlooked and underfunded. But make no mistake, PR will increase your ROI. Here’s how.

Measuring ROI

In general, ROI or return on investment in marketing is measured by determining how many sales, attendees, donations, etc. happened because of your campaign(s). Using advertising as an example, you could calculate ROI by determining the revenue you gained from a particular ad minus the cost of the ad divided by the expenses and multiplying by 100. It’s a relatively clear-cut formula.

On the other hand, PR has many roles such as boosting awareness, credibility, and engagement with your brand as well as cultivating a positive brand reputation, all of which are more intangible. What’s more, they are what you would typically consider top-of-the-funnel activities in the sales cycle rather than the bottom where the sale is closed. However, you can leverage them in bottom-of-the-funnel activities as well to prove their value in increasing ROI.

How PR Will Increase Your ROI

It’s still important to measure media placements as well as social, website, and search engine metrics, however here are five ways to leverage PR in more easily measured marketing and sales activities as well:

1. Use media placements in campaigns – Don’t leave it up to your prospects to come across your media placements, make sure they know about it by including them in your marketing campaigns and/or using them as another reason to reach out. Typically, it takes five to seven touchpoints to ‘hook’ a prospect so to speak.
2. Add to sales and marketing materials – Adding award wins, industry accolades, and other media mentions in these materials, especially where they highlight how your brand can help overcome key customer pain points adds tremendous credibility.
3. Share on social media – Encourage employees to share media placements on appropriate social media channels to increase not just brand awareness but also sales. For example, Hubspot states that sales professionals with a strong social selling index on LinkedIn have 45% more sales opportunities than those who don’t and are 51% more likely to reach their quota. Make sure you’ve created and trained them on social media guidelines for your brand first though!
4. Add accolades to signature lines – Adding clickable links to thought leadership, awards, and other media placements is a subtle way to increase credibility, awareness, and engagement for your brand. And not just in terms of sales, but it can help with recruiting and investor relations as well.
5. Create testimonials – The fact that your sales team is closest to your customers and PR is closest to media is actually a beautiful thing. You can work together to create testimonials that benefit your brand overall as well as your individual goals. The ability to share happy customer experiences is priceless!

R team would love to help your organization increase ROI with PR.  Learn more about our public relations services and schedule your FREE Discovery Call today!

by R Public Relations Firm