It can be difficult for businesses to know where best to allocate their budgets – after all, you want to do everything but at the same time every penny counts. PR is often a forgotten relative when it comes to finding and assigning the necessary resource to manage PR in house.
The problem arises when ‘managing PR in house’ actually means putting it on the bottom of a list that you never get around to. This is a common problem and something that we come across a lot.
PR isn’t about drafting a press release and sending it to a journalist, it is about managing the reputation of a business, arguably the biggest asset of any company. When you say that sentence out loud you start to appreciate just how significant PR is as a specialism.
We appreciate that businesses and in particular SMEs find it a challenge to allocate the resource and that they are so caught up in meeting with client demands that PR is the least of their worries but just think about the difference that having an agency could make.
Yes, there is an investment, but that is exactly how you should perceive any budgets you attribute to PR and marketing communications. You are investing in the reputation of your business. You are sharing good news and positive updates with those that matter most – your current and prospective customers and your stakeholders.
It simply isn’t good enough in a world where we can self-publish that businesses don’t allocate the time necessary to keep people informed. PR is one of the most valuable tools that you can use to generate new business and yet it is an oversight. That doesn’t make any sense.
We work as an extension of our clients’ teams, meaning that we take every opportunity to showcase how hard PR can work and the results that can be achieved.
For those who don’t believe in PR or think that it is a waste of money, I always ask them why the largest brands in the world invest? Surely these people have the money, the skills and the knowledge to know better. They are surrounded by ‘advisors’ who would tell them to put their money elsewhere.
The truth is that they don’t invest elsewhere, they appreciate the value or PR because they recognise that it is an essential tool for business.
Companies that invest in PR will see a difference; they will notice people talking about them, they will secure credibility by association, they will educate a marketplace about the goods and services that they have to offer and they will become a bigger and better business as a result.
Bold statement – not really. We’ve been working with our clients for years and this is exactly the results that we have achieved for them.
Of course, as a PR agency, we are bound to say all this. We are going to champion PR and we are going to recommend that every business allocates a suitable budget to ensure that they can manage their reputation. But think about it. What is the alternative?
We all pay insurance because it is a legal requirement to do so and often we feel it is unfair that contingencies have to be put in place but when something goes wrong the relief is overwhelming. The same can be said for PR. Don’t leave your reputation to chance, it’s far too valuable.