TEN REASONS TO INVEST IN PR FOR YOUR BUSINESS

Businesses don’t have the budgets, resource or understanding to warrant an investment in PR. It’s too complicated and difficult to measure. Anyone can cobble together a press release or upload a blog. There are bigger priorities and better ways to spend money.

Really?

Here are ten simple reasons why you really should consider PR and what impact it could have on your organisation.

1. Reputation

Despite many changes to the industry over the years, PR remains the specialism that is used to manage the reputation of a business. Some people feel that this sounds too flaky. Consider driving a car without insurance or riding a motorbike without a helmet. The risks are too high. As your reputation is arguably your biggest asset, it should be a priority.

2. Profile

Just because you know about your business it doesn’t mean others do too. Furthermore, if you are considering infiltrating new markets then you will be starting from scratch. You may have the products, service and reputation however you are still new to this audience. Using PR to build your profile in the right places can be very effective.

3. Employer brand

We hear a lot about skills gaps and a lack of talent. If you want to attract the best people to your business, then you need to share details about what it is like to work for you. Using PR to update a company blog and social media tools, such as LinkedIn and twitter, is a good place to start. Adding personality to your content will allow you to attract the people that are a better fit for your business.

4. Website visitors

Over the years the remit of what constitutes PR has broadened. Content marketing has become a big business. If you want to get the most from your website you should be writing regular articles, blog posts and news items. Content should also include relevant inbound and outbound links to attract prospects. Paying thousands for a website doesn’t mean it will work for you.

5. New business

PR will help you to attract new business. No, the phone won’t start ringing off the hook as soon as you implement some of the tactics, but you will notice a change. People will become more receptive and they will talk about you more. There is no greater marketing platform than word of mouth, so make sure you are doing what you can to encourage the right message is shared. This is one of the reasons why story telling is so important.

6. Crisis

No one wants a crisis to happen, but the simple fact is, they do. If you are unprepared then expect the worst. Trying to fumble through a media storm while the phones are ringing relentlessly, and journalists are on deadline chasing for statements, is nothing short of a nightmare. Don’t leave this to chance, it could lead to lasting and irreparable damage. Having the processes and procedures in place will make all the difference.

7. Competition

So, despite points one to six you still think PR is a waste of time and money. That’s absolutely fine. Leave it to your competitors to share their story, raise their profile, manage their communications and reap the rewards and benefits as a result.

8. Cost effective

PR isn’t cheap but when compared to other specialisms within the marketing mix it is cost effective. Given the importance of the tactics that fall under a PR remit, it is a constant frustration that it is the forgotten relative, but that’s the way it is. Some of the largest brands in the world have relied heavily on PR and it has delivered for them time and time again. Think Virgin and Innocent Drinks. They used PR to establish and build brands that made them millions.

9. Flexibility  

With PR you don’t have to sign up to everything in one go. It’s not a single product off a shelf. You could start with a basic press office and then evolve the plans as you go. In fact, this is the best approach. Not only does this mean you can carefully measure the return on your investment, you can also better understand exactly what is happening and why.

10. Return on investment

There is no point in denying it, measuring the absolute impact of PR can be a challenge because the reasons for purchase will differ for every consumer. What we can be certain of is that having a PR programme in place will allow you to manage your message, engage in the right places, target the correct audiences and take some control of the conversation. Millions of businesses across the world haven’t got it wrong, they invest because they see the value.

Back to where we started

And so, we are back to where we started. The first step is to think very carefully about your business and what you want to achieve now and in years to come. PR may not be a priority but consider what it could do for your organisation.

Nothing will change if you continue the way you are going, and perhaps that should be one of the biggest concerns that you have.

For more information about how we work with our clients at Open Communications please visit the What We Do pages here.