Hiring A PR Firm

6 Tips for Executive Networking

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As a C-suite executive, you know the importance of connections. And there comes a time when you may need to connect or reconnect on behalf of your company, be it in the pre-IPO phase or as a solid industry leader. I’m not talking about traditional networking functions where many people shove their cards in your face before scurrying off to find the next victim. No, I’m talking about intimate dinners or events with an exclusive guest list and nowhere to hide; it might be an executive-only thought leadership round table, a fundraiser, or a dinner with journalists. For those times when you find yourself with peers or allies, but you aren’t already connected, it can be a bit nerve-wracking because it may have been a while since you were in a room you didn’t command. Lean into these five tips for executive networking for the C-suite.

 

 Be The Conversation Starter

Whether you’re a master at networking or trying to squash your introversion, this is a fun and easy way to put yourself and others at ease: wearing something notable and reflecting your personality. You’ll stand out, and it puts people at ease and makes it easier to approach you.  For men, this could be a tie or colorful socks. It could be a pin on your lapel or a handkerchief that takes your attire to the next level. For women, this could be a colorful scarf, a pin, or even a bright-colored outfit (it helps to stand out in photos when standing next to a bunch of men in dark suits). Having an immediately obvious conversation starter makes it easier for people to approach you, which might be a welcome break from your own room rotation.

Note to the wise: Comment on the item rather than their looks when you see someone using this tactic. “That’s a fantastic scarf-my wife would appreciate that; where did you get it?” is a great way to start the conversation, charming and disarming.

 

Plan Your Conversation

In advance of the event, read a book or several articles immediately of interest to others at the event; bonus points if it’s mutually relevant. But remember your strategy, what you are doing there – what will your target connections value, and what would make for a memorable conversation. This isn’t the time for conversations around politics or religion.

A quick Google search on the people or organizations you want to meet is also helpful. “I saw you in that Forbes article” is a great starter to any executive networking conversation.

 

Introduce Yourself to Organizers

When hosting professional networking events, I always appreciated people who told me it was their first time or asked me if I was the organizer. It gave me a moment to stop and have a conversation with someone, and I was always able to make a mutually beneficial introduction; after all, I knew almost everyone. Make this work for you as well – many people will forget to connect with the organizer because that’s not who they came to connect with, but you can rest assured, they’re the most connected to the people IN the room. Another small and easy way to stand out and lubricate introductions is to email the organizer in advance asking a question that puts the organizer in the “connected expert position;” something like “What’s the recommended attire?” is easy to ask and answer for the organizer, and yet allows you to stand out in advance.

Introduce Yourself As a Person, Not a Company

While this sounds like “networking 101” because C-suite execs are used to being introduced or used to commanding the room, many miss this essential step. When introducing yourself, start by introducing yourself with your first and last name, and do it every time someone joins the conversation so others hear your name repeatedly. When you introduce yourself, say your first and last name, wait a beat, then say your company name. Many of us rush through our introductions, and we don’t give others a chance to hear or understand, which puts them in an awkward position.  And when introducing others, remember to introduce them before anyone else, including the CEO. Clients should always feel embraced and cherished, which is an easy way to do so.

An easy way to connect with someone is by offering to send them something in the mail. Most people can’t resist getting something in the mail. It could be a sample of your latest, buzzworthy product, a book you recently read, or that excellent protein powder that you swear boosts your energy all day. Whatever it is, make it personal and relevant.

While we’re at it – keep your business cards in your pocket until you’ve established a mutual connection and reason to get in touch in the future; better yet, request a business card. Maybe you don’t have a business card; connect on LinkedIn or send an email before you leave the conversation. Steer clear of asking for someone’s phone number at an executive networking event; it’s inappropriate for a first business meeting and puts people on edge when asked in that venue.

Work the Room without Working the Room

Depending on the location, there are a couple of strategic places you can stand where you will inevitably meet people you might not have otherwise; this is executive networking that looks calm, cool and collected. The first is the bar. Almost everyone hits the bar right away, so being there earlier in the event gives you a chance to connect initially with a few people or at the very least, get a sense of who is at the dinner and who might wish to approach. It gives you that 3-second opportunity to review the situation before approaching.

Another location is kitty-corner from the door. If you stand there all evening, you will have the chance to see almost everyone who walks in – and if you’re there with a welcoming smile and willingness to strike up a conversation, people will be relieved to have someone to talk to in the immediately awkward moments of walking into a room.

Follow Up with Flair

Following up with a short, handwritten note after meeting someone is a masterclass in executive visability. The handwritten note is a lost art, so it’s incredibly memorable. But at the very least, send an email or a note on LinkedIn. You might also consider finding a recent article relevant to your conversation and passing that along as well. And don’t forget to send that item (the book, the product, etc.) too. People are always pleasantly surprised when people do as they said they would.

 

Executive-level visibility is high-stakes. Making the most of any in-person opportunity is good business. So when you’re networking in exclusive situations, make the most of your time, while also valuing the time of others and you’ll find executive networking more enjoyable and effective.

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What Does a PR Agency Do?

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Public relations is the art of influencing what others say about you without benefit to themselves to increase trust and reputation among stakeholders, such as customers, clients, investors, potential employees, or anyone else affecting a company’s success. Like marketing and advertising, public relations use a variety of media channels, including magazines, websites, and social media. They may include earned media, owned media, and occasionally paid content to communicate critical messages.  Ambitious companies employ PR tactics on an ongoing basis, but especially during pre-IPO and hyper-growth phases.

 

What Is the Main Role of Public Relations?

PR manages how the information and news about a company or business are advertised to maintain a brand image, especially in the case of a bad event or crisis.

PR occurs through press releases, journalist interviews, news conferences, posts on social media, and other events. It shapes the perception of your business in front of the general public, brings credibility and visibility, and tells your story through trustworthy media outlets in front of your targeted audience.

Importance of Public Relations

Public relations manage how customers, partners, and associates see a company or brand. It focuses on maintaining a positive reputation and corporate image a company while handling customer inquiries, shareholder requirements, and media requests.

Public relations is also essential to settle and clear any negative news regarding a company or brand and reduce the effect of public outcry to preserve a company’s image and reputation.

The ultimate goal of PR is to present a company or brand in the best light. It is different from marketing or advertisement in that it promotes a company’s image in an organic way that attracts public support.

PR has become a fast-growing industry in the United States. According to the (BLS) Bureau of Labor Statistics, the job outlook of public relations specialists is looking better than ever, with employment projected to grow approximately 8% from 2021 to 2031.

What Is the Meaning of a Public Relations Agency?

A PR agency can help businesses grow their brand awareness. A public relations agency uses owned and earned media relations to garner visibility and publicity for a business.

PR services include media relations, crisis and social media management, and public affairs. PR agencies help clients build positive relationships with their customers, the public, and stakeholders to achieve their business and sales goals.

Every company needs the right public relations agency to carry out these tasks. If the public relations department is creative, strategic, and persuasive enough, it can impact every aspect of a business.

With some research, you, too, can select a public relations firm to shape your company’s reputation and public perception.

What Are the Types of PR Agencies?

Different departments and agencies handling distinct company or business aspects compose a PR.

Media Relations in PR

Media relations are essential in PR as they focus on building a company’s credibility, brand awareness, and authenticity by forming solid relationships with media organizations. The media relations team works with press members and delivers company news and good content sources. This PR agency is also accessible to the media for public comments and news stories.

Investor Relations or IR

IR is a PR sub-discipline that oversees a company’s relationship with its shareholders, government authorities, and investors. This type of PR agency deals with investor events and financial report releases and handles the complaints received by investors. The core difference between PR and IR is that investor relations deal with the internal links of the company, whereas PR deals with the company’s communication with the public.

Production Relations

This division of public relations deals with the direct operations and marketing plans of a company. This type of agency is related to specific endeavors like launching a new product or a particular campaign or managing a significant change in a product.

Internal Public Relations

Internal PR is associated with the promotional communication of an organization to ensure that all employees are satisfied and engaged. This PR branch ensures that the employees are happy with their working conditions. It counsels employees and solves their issues and conflicts internally, so there is no chance of public disclosure of employee dissatisfaction.

Community Relations

Community Relations is also a subdivision of public relations. It concerns any work a company or business does to collect friendly and cooperative feelings from the community. This branch of PR focuses on building a brand image and reputation and tries to align itself with community members. It targets a physical community such as sporting clubs, work, and colleagues or a non-physical community like linguistic, religious, or mutual interest-based communities.

Customer or Consumer Public Relations

Customer PR services cover all interactions between an organization and its employees. It is a powerful domain of public relations as it’s dedicated solely to increasing the brand’s awareness and building its reputation as a reliable and trustworthy company. Consumer relations connect the company to its employees and handle critical aspects to enhance their relationship, such as conducting market research, understanding the concerns and priorities of its customers, and addressing their positive and negative feedback.

Government Relations and Public Affairs

Government relations is a branch of PR that helps a company or brand communicate effectively with governing bodies. Public affairs, on the other hand, tackles an organization’s interactions with the government, interest groups, legislators, and media. This type of PR agency targets building a solid relationship with politicians and key decision-makers to ensure their consumers receive fair treatment.

What Is the Difference Between a PR Agency and Other Departments of a Company?

The role of PR may overlap and sometimes intertwine with other company departments. Still, in the end, a PR firm helps enhance its strategies and align its goals accordingly to improve its client’s business or organization.

Marketing

Public relations and marketing work similarly, but their end goals are different.

The marketing department of a company is more focused on driving sales, ensuring that the company is heading toward financial success, and promoting its products and services. PR focuses on managing and building the brand image and reputation.

PR never makes a direct impact on sales. It is not concerned with driving sales but indirectly promotes the company through press release distribution and representing it at industry events. On the other hand, marketing campaigns solely focus on driving sales and generating maximum profits from them.

Marketing will persuade people to buy a product, but a PR agency will convince them to trust and invest in the brand. Marketing and PR sometimes go hand in hand as PR will attract people and help them connect with a brand, and then marketing will convert these people into customers and drive sales.

Paid media is an essential tool that can assist businesses in generating more visibility and engagement for their brand through paid placements like PPC ads, social media posts, pop-ups, etc. The marketing department can interact with customers to understand a company’s sales trends, what products are in demand, and how to generate more revenue and profits. PR will interact with customers to know if they are happy with the products and services of a brand and ensure that any dissatisfaction is promptly addressed and managed.

Why Do Companies Need PR Agencies?

Companies and businesses are constantly juggling between setting up their email workflow, writing blogs, and handling other sales aspects of their businesses. Between these tasks, a PR agency can help a company schedule, organize, optimize, and successfully run events, marketing initiatives, and press releases.

A public relations agency can keep the press informed about a brand and its products and services and generate other opportunities for a company that increases its authority and visibility and enhances its relationship with its targeted audience.

PR can take a business to the next level by using earned media and publicity to shape the public’s perception of a company.

What Are the Main Duties of a PR Agency?

A PR agency will fulfill the following duties to enhance a brand’s reputation and garner goodwill for its business.

Do a Lot of Research on the Target Market

PR agencies know the value of customer interactions and feedback and how important it is to evaluate a company’s brand image. They also know that a good PR plan includes identifying reliable media outlets that will help them reach their target audience.

A public relations firm will ask its clients about their business goals and then research the journalists, media outlets, and podcast hosts that have helped similar companies reach their audiences in the past. They will look for particular journalists that will pitch your company’s ideas and help a company make a suitable investment in targeted campaigns.

Create a Plan That Aligns With the Company’s Goals

A PR agency will create a plan for strategic and creative practices to present a brand and its story to media outlets. These plans include pitch angles, internal PR goals like product launches, and external PR goals like special events. A PR agency might also discuss with the client how they plan on executing these strategic goals and what benefits they will bring to the company.

Put the Plans Into Motion

Once the client is satisfied with the PR plans, the agency will start working on them according to the business goals and scope. This step includes assembling press kits that include brochures, press releases, photographs, details and coverage of past press releases, fact lists, and other critical information regarding a company.

Create a PR Pitch

A PR pitch outlines the story and values behind a company or business and explains, in an engaging manner, why it should be published. A public relations firm will create a short and unique pitch that will catch the attention of media outlets so that a brand can reach its target market. The PR services intend to make the pitch as intriguing as possible so that journalists or podcasters are interested in publishing and featuring the story.

PR Outreach

PR outreach is a process in which the PR agency will pitch information about the products and services of a company to journalists, influences, and bloggers to get exposure and press coverage for a business.

Engage Influencers to Influence People

Public relations agency will advise their clients about their message to their consumers and how they should communicate it. They will also engage suitable influences to generate more visibility for the brand, negotiate contracts with them, and manage other aspects of their PR services.

What Are the Services of a Public Relations Firm?

The PR industry has dramatically changed over the past ten years. It is now a full-service business, thanks to the evolutions in technology and how cheaper, faster, and easier it has become to spread the news.

Even though technology has made sharing content more accessible and manageable, the competition among brands is more challenging than ever. That is where they bring a good PR agency into play.

Following are some PR services that you can expect from any good agency;

1. Enhancing Brand Image

A public relations agency will strive to protect and enhance a client’s image in the public’s eye. They constantly monitor the media outlets for negative news or stories regarding their client’s business and control any damage during a crisis.

PR agencies work actively to promote a client’s image among the general public so that its reputation is not damaged. A PR agency will message blog content, respond on social media, reply to people having positive or negative reviews about a brand, and engage with its followers. A bad reputation will damage a brand’s equity in the long run.

All these tactics ensure that a brand comes across as relatable and reliable.

2. PR Crisis Management

Sometimes, special interest groups can significantly damage the reputation of a company or brand by doing inaccurate reporting to media outlets or happen when negative reviews and events threaten a brand’s reputation. It is known as the PR crisis.

A public relations firm is knowledgeable in dealing with such negative publicity. The PR specialists know how to minimize the damage caused by a PR crisis and successfully restore their client’s brand image.

A good PR agency will try to avoid any crisis from happening in the first place. But if such a crisis does occur, it knows how to use all its strategies and resources to protect the company’s image and develop communication plans to clear any negative news and events.

3. Media Relations and PR

A good PR agency knows how important it is to maintain a strong presence on social media. Social media presence is an essential digital marketing strategy as it provides insights into the conversations regarding a brand or company among its customers and their positive and negative responses.

A public relations agency can increase the reach and visibility of a brand by responding to general feedback and queries and building long-term relationships with customers. A PR firm will also handle social media relations by writing short and engaging pitches to influences and journalists to help get more client coverage. They will pitch their client’s company to a suitable blog targeting the right audience for the brand.

 

5. Content Planning and Development

PR agencies are involved with generating media coverage that will garner a positive response from the public for their clients. Press releases are one to achieve this purpose. These written statements are distributed to media outlets to generate news about events, product launches, or other developments within the company.

For example, if a skincare brand wants to start a social media movement to embrace #beautyofmyownskin, a public relations agency will help them write a press release announcing a campaign to care for an individual’s skin and hopefully garner a positive response from the media coverage.

There are other ways PR contributes content.

Writing an Internal Copy

PR agencies help their clients communicate with employees through internal copywriting. The employees of a company are important stakeholders, and a public relations agency can help a company manage its relationship with this group of people.

A company must set a healthy communication channel with its employees to build their morale, celebrate its success and profit generation, and discuss effective strategies and changes.

Craft Compelling Copy for a Business

Copywriters are experts in telling a brand’s values and story most intriguingly and compellingly. PR agencies have great copywriters that know different strategies to write in a way that resonates with the target audience’s ideas and beliefs.

Good writers in a PR agency’s team can capture the core message of a client’s brand and then present it under a compelling headline and persuasive body that will communicate it efficiently to the public. Copywriters can also develop great ideas for other media channels and marketing strategies, such as social media posts and whitepapers.

 

Developing Internal Communications

PR agencies will help their clients develop better internal communications by writing tactful speeches on behalf of a company. Speed writing is handy during press conferences or events where company employees speak publicly.

Anyone giving a speech to represent a brand or company must take help from a PR agency as they will handle the strategic messaging to develop a vocabulary about the brand messaging and new products or services launch.

6. PR Agencies Can Also Be Event Planners

PR agencies know the value of events of a company and how important they are for marketing its products and services. A public relations firm will ensure that an event hosted by their clients in which media members participate runs smoothly and positively. To achieve this purpose, PR agencies will take it up to them to handle all aspects of the event plan, from communicating with stakeholders, attaining media coverage, arranging travel and lodgings of attendees, and creating valuable content and announcements for the event.

PR agencies will also develop word-of-mouth or viral campaigns which can generate press and awareness.

 

How Can a PR Agency Help My Company?

A public relations agency can impact your company in more than one way. Not only will it lift the burden of a company to deal with media management and brand awareness, but it will also help drive more sales and enhance the company’s reputation. Here are five ways a PR agency can help you and your company;

  1. PR agencies try to build authentic relationships between a company and its customers. They do so by understanding their client’s business plans and core principles and presenting them in such a way that it resonates with their target audience.
  2. A PR agency knows how to develop effective press releases and media news and how to present them to the world.
  3. PR agencies help businesses who need to learn how to communicate their message to the world build strategic plans to increase brand awareness and visibility through different media channels.
  4. PR agencies organize successful events and conferences that efficiently showcase new product releases and thus help companies generate more sales.
  5. They personalize their tactics and plans according to the needs of individual businesses. PR agencies have PR specialists on their teams that understand their client’s business goals and create new opportunities for them to increase their website traffic, social media presence, and media coverage.

Conclusion

A PR agency helps a company grow even when other marketing strategies fail to bring more visibility to the brand. Public relations agencies understand the needs of their clients and have multiple approaches to enhance the reputation and visibility of newly established businesses to a large group of companies.

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Holiday Success: Leveraging Cannabis CPG Brand PR

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The holiday season offers an excellent chance for cannabis consumer packaged goods (CPG) brands. It is an opportunity to increase visibility, connect with customers, and increase sales.

This blog post will discuss how cannabis CPG brands can use public relations strategies to their advantage during the holiday season. Cannabis marketing and PR strategies can help consumer cannabis companies build their brand image, increase sales, and reach new customers. With the right approach, cannabis CPG brands can make the most of the holiday season.

PR can help cannabis brands work around legal restrictions. It can also help them build trust with their target audience. This trust can give them an advantage in the competitive cannabis industry.

Navigating Legal Limitations

The emerging cannabis industry is subject to strict regulations that can pose challenges for CPG brands seeking to promote their products. However, brands can navigate these legal limitations through strategic PR initiatives while generating interest and exposure.

Brands can create compelling brand stories that meet legal requirements. They can also inform consumers about the advantages and safe use of cannabis products during the holiday season.

Cultivating Trust and Credibility

One of the most valuable assets for any cannabis brand is trust. PR allows cannabis CPG brands to establish credibility and build consumer trust.

Brands can build a good reputation and be responsible leaders in their industry. They can share exciting stories, customer testimonials, and expert opinions. They can do this through press releases, media interviews, and social media campaigns. This fosters consumer confidence, encouraging engagement and loyalty during the holiday season.

Engaging Target Audiences

The holidays are a time when consumers are actively seeking unique, thoughtful gift ideas. Cannabis CPG brands can leverage a top-rated cannabis PR agency to engage their target audience and highlight their products’ value. Capitalizing on relationships with journalists, collaborating with influencers, organizing cannabis experiential events, and taking part in cannabis industry trade shows can create buzz and generate media coverage.

Leveraging social media platforms can be a great way to generate excitement for the holidays. Share holiday-themed content and exclusive promotions to engage with your customers. This can help foster a positive relationship with your brand.

Don’t Forget Digital

As technologies like AI revolutionize the way we engage with the internet, now is a great time to invest in your digital presence. Digital media, especially social media, poses a navigational challenge for legal cannabis companies due to its shadow banning. To prepare for the future, it is wise to begin laying the groundwork for better search now.

The way to get around social media’s constantly shifting sands is to invest in your own website. Make sure your cannabis products all have their pages and that the descriptions meet the latest Google PRU qualifications. While we’re at it – leverage PR to secure third-party Google-friendly reviews from credible sites.

Creating Thought Leadership

PR offers cannabis CPG brands the opportunity to position themselves as thought leaders in the cannabis industry. Brands can build trust with their audience by sharing educational content, industry trends, and expert opinions. This can be done by creating thought-provoking articles and blog posts.

Media interest is generated as brands promote cannabis and its positive impact and benefits. This applies not only during the holiday season but also beyond.

Measuring Impact and Adapting

It is essential for cannabis CPG brands to track their PR campaigns’ success. This helps them make adjustments to their strategies as needed.

Brands can use analytics tools and monitor media coverage. This allows them to track key metrics, such as brand mentions, website traffic, and social media engagement.

Insights allow brands to improve their PR strategies. They can fine-tune their messaging and tactics to get the most out of the holiday season. This will leave a lasting impression on consumers.

Conclusion

The holiday season is a special time for cannabis CPG brands. It is a chance to use PR strategies to become more visible, gain trust, and interact with their target audience.

Brands can use PR to stand out in a competitive market. To do this, they must navigate legal limitations, cultivate trust, engage consumers, establish thought leadership, and measure impact. By embracing PR techniques, cannabis CPG brands can unlock new avenues for growth and success during this festive time of year.

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Unleashing the Potential of PR Service Bundles for Consumer Products

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In the fast-paced world of consumer products, standing out from the competition and capturing the attention of target audiences is paramount. Public relations (PR) plays a crucial role in creating brand awareness, establishing credibility, increasing revenue, and generating consumer excitement. When looking to hire a PR firm, you may be taking one of two strategies. The first would be to maximize the impact of PR strategies; consumer product companies often rely on the expertise of PR firms that offer tailored packages designed specifically for their needs. The second strategy, for consumer product startups could be to dip their feet into the PR agency relationship with a PR service bundle that is specific in scope. Hence, the fees are lower, and the brand can learn more about a particular PR firm.  This blog post will explore the differences between PR service bundles for consumer products and how they can help businesses thrive in an ever-evolving marketplace.

  1. Crafting a Compelling Brand Story

Consumer products are not just items on a shelf; they are part of people’s lives, offering solutions, experiences, and emotions. If you’re a consumer product startup, your PR firm offering may need to include branding initiatives and research to craft a compelling brand story that resonates with target audiences.

By understanding the product’s unique value proposition, PR professionals can develop narratives that captivate consumers, evoke emotions, and create a lasting connection. These packages often include

  • message development,
  • storytelling techniques
  • content creation
  • brand image: ensure a consistent and compelling brand image across various channels

  1. Influencer Partnerships and Product Placements

Influencer marketing has become a powerful tool for consumer product promotion. PR  packages for influencers or journalists leverage influencer partnerships to amplify brand reach and credibility. By identifying and collaborating with influential individuals in relevant niches, PR professionals can generate authentic product endorsements, unboxing videos, and positive reviews. Additionally, these PR service bundles often include earned media opportunities, product placement opportunities, and securing features in TV shows, movies, or popular media outlets, allowing for increased visibility and exposure.

  1. Media Relations and Product Launches

A successful product launch can significantly impact consumer perception and sales. PR firm packages for consumer products include strategic media relations to generate buzz and coverage surrounding new product releases. With these PR packages – Avaans calls these PR Sprints-, PR professionals work closely with media outlets, journalists, and bloggers to secure product reviews, and feature articles; sometimes with an eye on digital PR for premium SEO links. Through these efforts, businesses can build anticipation, create excitement, and gain valuable media exposure, ultimately driving consumer interest and sales.

  1. Social Media Engagement and Influencer Events

Social media has transformed the way consumers engage with brands. Social media targeted PR firm packages recognize the importance of a strong social media presence for consumer products. These packages include social media management, content creation, and community engagement strategies. PR professionals leverage social media platforms to share product updates, engage with consumers, and foster brand loyalty. They may also organize influencer events or collaborations, providing opportunities for influencers to experience the product firsthand and share their authentic experiences with their followers.

    1. Crisis Management and Reputation Protection

In the consumer product industry, maintaining a positive reputation is crucial. PR firm packages are designed to handle potential crises and protect brand reputation in the face of challenges. These packages include proactive crisis management strategies, such as preparing crisis communication plans and monitoring online conversations. In times of crisis, PR professionals act swiftly, ensuring transparent and timely communication to address concerns and mitigate any potential damage to the brand’s reputation.

    1. Content Packages in Digital PR World

As media continues to evolve, building content is vital to building awareness and consumer affinity. From contributed content to blog posts to videos content is still king. Moreover, content offers many ways to repurpose and reuse, from social media to email marketing to investor presentations.

Ensuring your content aligns with your overall goals and brand messaging is squarely in the capabilities of a full-service PR firm. But even if you choose not to use your PR firm to build the content, part of a full-service PR option should include collaboration with your content producers to ensure message consistency.

 

Conclusion

For consumer product companies, PR firm packages offer a powerful toolkit to elevate brand visibility, establish credibility, and drive consumer excitement. You may be able to reduce PR costs by sticking with a specific PR package with a limited scope, like some of the PR service bundles recommended above, or you may wish to have a more tailored PR strategy with a bespoke PR plan.

These packages are tailored to the unique needs of consumer product businesses, providing strategic guidance, media relations, social media engagement, crisis management, and more. By harnessing the expertise of executive level PR professionals, consumer product companies can create compelling brand stories, leverage influencer partnerships, execute successful product launches, and protect their brand reputation. Embracing the services provided by PR firm packages is a strategic investment that can fuel consumer interest, foster brand loyalty, and propel consumer product businesses to new heights of success.

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3 Things Startups Focus On as VC Funding Shifts

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As uncertainty rises, funding falls. At least that’s what the news would have you believe. But according to Inc. magazine, seed and angel deals are still trending upward, and early-stage companies with proven product are still getting most of the deals. In fact, 64% of venture funding is early stage, and seed deals through Q2 of 2022 were on par with the entirety of 2019 (Q2 NVCA/PitchBook). That means for hyper-growth or ambitious companies and challenger brands, there is still an opportunity for you. So what should you do when VC funding is down and inflation is still driving uncertainty? I’ve been through every recession since 9/11 and I’ve been working with ambitious brands and companies since then as well. So I’ve seen what successful businesses do during recessions to position themselves for competitive advantage, survival and growth, despite the economic hurdles. Over the years I’ve noticed, startups who focus on looking ahead while being laser-focused, and tend to survive tumultuous times, regardless of whether your a consumer brand or a B2B company.

Focus Your Energies and Budget

“Everything you do, do exceptionally well, and if you aren’t exceptional at it, then get rid of it or outsource it.”

Look at everything you’re doing and cut out the things you aren’t doing well. For example, let’s say your internal biz development team is excellent, but your event marketing isn’t producing the results you’d hoped for, take that event marketing budget and focus it on one thing your biz dev team says they need to get to the next level.

Everything you do, do exceptionally well, and if you aren’t exceptional at it, then get rid of it or outsource it. Outsourcing is just more nimble. What you outsource, be exceptionally clear about your goals, so you can maximize your reduced budget. Focusing your time and budget has the additional advantage of clearing out the cobwebs and giving you new insight into operational efficiencies too. Who knows? You might decide that outsourcing certain strategies, like PR, simply works better than doing it in-house, anyway.

Startups should also focus on the long term. Think about ways you can increase efficiencies with agency partners, and where you can maximize the partners you have on board.

 

Bullish on the Future

“Deals are still happening, but they’re more happening on industries and trends which are moving ahead full steam, no matter what happens to the economy,”

What should a startup focus on when thinking about funding? No matter what happens to the economy, innovation rolls forward, and VCs know this. The money isn’t on solving today’s problems, it’s on solving tomorrow’s problems. According to Pitchbook, in Q1 of 2022, VC’s raised more money than in the entirety of 2019. So are coming down? Oh, absolutely, but VC’s know – the future is now.

Even when funding is down, deals are still happening, but they’re more happening on industries and trends which are moving ahead full steam. So do your homework on where your product fits into the biggest challenges or opportunities in the next 5, 10, 15 years. Look at all the challenges the pandemic brought to light – those challenges are still top of mind, and the companies solving those problems will have a head start. Your corporate storytelling should also lean into the future and purpose driven initiatives. These two aspects will allow you to lead against your peers.

FinTech is another area where the gloom and doom may be over-reported – through Q2, FinTech funding was still more than in 2019, but it’s definitely not as frothy as 2021. FinTech founders may wish to focus on thought leadership and tie it into purpose-driven points of view in order to tap into future trends.

And although the cannabis industry has been experiencing its share of disruptions as of late, no one thinks that industry is disappearing, the growth is only projected to increase as more states move to legalize cannabis, and states create interstate sales as California has, and many expect the east coast to do. Experts predict the cannabis industry will be $100 billion by the end of the decade. You can learn a lot about the future of cannabis by reviewing the pitch decks from startups that recently secured funding.

Plan For Success

“Companies that survive this time focus… on problem-solving,”

Now is the time to think out loud and do your due diligence for tomorrow. Companies that survive this time focus their operations team on problem-solving. For example, if  VC funding doesn’t seem likely for you right now, turn your attention to policy initiatives at the federal and local levels. For example, the last infrastructure project had a lot of opportunities for climate-related startups. And the 2021 infrastructure package held lots of tidbits for infrastructure tech programs, that emerging industries like drones and UOV could take advantage of.

Consumer tech VC funding has taken a sharp nose-dive. Storytelling PR campaigns may not be as attractive as they once were for consumer tech. Now is the time to look at product-based programs which increase awareness but not the budget.

Mental health is still top of mind, that’s part of the reason emerging industries like healthtech, cannabis, and psychedelic treatments remain in the sights of investors. But these industries are not without their challenges and competitors. So brands in these emerging industries need to double down on trust to build more acceptance for the communities they serve.

Direct to Consumer (DTC) funding has radically pulled back, because simply having a DTC company isn’t in itself enough to attract investment – today, a DTC strategy is an expectation. But startups can take this time to develop something that can’t easily be replicated, like technology. Or, as investor Caitlin Strandberg said, don’t even ask for investment unless you have an Amazon strategy, because social media isn’t where they see buyers, “if you’re going to be where people buy—people are buying more and more on Amazon—you can expect they’ll search your brand name on Amazon, and you want to be on that search page,” so be looking your sales channels along with SEO and digital PR so your startup is poised for growth.

One of the best ways to stay focused on success is to lay the groundwork for a successful IPO. There is a lot to do, both internally and externally, and getting started earlier will save you money and time as the exit gets closer.

You should take this opportunity to do some scenario planning as well. Now is a great time to plan for a crisis, and create plans for things like cyber breaches ,which will help you secure your future.

 

Tomorrow’s greatest companies and emerging industries aren’t going to allow this uncertainty to derail them. This is where the rubber meets the road, and strategy makes a difference.

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3 Ways to Track Revenue Increases from PR

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Does PR generate revenue? PR, like SEO, reaches people in two customer journey phases. The first is the “Oh! I didn’t know I needed that!” also known as awareness, and it also reaches people in the research phase, also known as consideration. So, PR for revenue is most effective in three phases: initial awareness phase, where you need people to be aware of your product; when you have a great product, and you know that if more people knew about it, they would buy it, or you need to edge out a competitor. PR, unlike advertising, doesn’t provide a straight line of trackbacks, on the other hand, unlike advertising PR has a longer shelf life – it’s very unusual for an article to be taken down. And unlike digital advertising, you don’t need to worry about click inflation. While we would never position PR vs. advertising as an either-or scenario, because both are important, PR positively impacts the entire business across silos; here are ways to track revenue increases from PR.

 

Time to Purchase Decreases

PR lands high on the trust scale for B2B and B2C buyers, so a well-thought-out PR campaign shortens the sales cycle. What does this look like, exactly?

For consumer brands, this can take many forms. The first is reducing the length of the customer journey. Well, let’s say people generally visit your website 2-3 times before purchasing, but you notice they’re visiting 1-2 times before purchasing, this is a positive signal that the brand is more trusted, and people don’t feel the need to do as much research before they buy. Another way PR increases revenue is by actually saving money because you may also see your purchase rates on advertisements increase because people are more familiar with your brand, and your retargeting is even more dialed in. Consumer brands who use earned media in their PR report those ads over perform.

Reducing the sales cycle is an especially valuable metric for B2B PR, where decreasing sales cycles by even a month can add millions to an annual bottom line. A visible leader is especially effective in B2B PR, but visible leaders can be very effective with consumer products as well. Sales people appreciate using positive media during various phases in their sales cycle. A library of earned media, be it CEO contributions or product coverage, can impress buyers and give them additional confidence in purchasing your product.

Organic Traffic

Everyone knows organic search is powerful, and there’s nothing more impressive than pulling up a brand and seeing a series of positive mentions. Ask any SEO expert, and they will tell you many signals create an effective SEO campaign, but one of them is still links back to your website from a highly trusted and/or relevant website. Does traffic always equate to PR revenue increases? No, but if you’re website is up to the task, the correlation is usually very noticeable.

So, when undertaking a PR campaign, watch your organic visits closely. You’re likely to see an increase in organic visits to your website simply because your brand is visible in more places and your search results are more independent and trusted. And the cool news about this organic uptick? It builds and builds as you earn more media coverage. You are receiving more inbound links while at the same time increasing awareness and search results. Sometimes companies get frustrated by the fact that this is a correlation, and they can’t directly track the most effective pieces of earned media. Believe me, PR agencies wish this was more obvious too, but the goal is to increase revenue, and when you see results that are undeniable, you know you’re on the right track.

As a digitally savvy PR firm, we do our own keyword research alongside your Google Console while researching media coverage to look for ways your SEO and PR can work together. We also support our clients with content strategies that boost organic traffic. A solid understanding of the PR ecosystem is essential for today’s media environment and for tracking revenue to PR campaigns.

 

PR: Increasing Customer Loyalty

There is nothing more costly than customer churn. But why do customers leave? While there can be many reasons unassociated with PR, the way PR impacts churn is by deepening the relationship with your customers. Customers like to see brands they support covered positively. It also allows them to share the content with their friends with the “this is the ____ I told you about.”

There’s another way to reinforce loyalty, and that’s through purpose-driven PR or social impact PR programs. Customers expect businesses to be more socially engaged than ever, but it’s a tricky proposition for brands, so solid PR and messaging are more vital than ever. And done well, this kind of messaging creates extraordinary customer loyalty because customers know you understand them.

PR is an important tool for emerging industries and ambitious brands, and while it is transformative, but it isn’t a magic bullet. Plan on working closely with your PR agency to get the best results. Before hiring a PR firm, establish the KPIs important to your company. The more open you are with your PR firm about your goals, including your long-term goals, the more your firm can build a custom PR program that helps you through all phases of your company’s growth. Remember, there are very few household name that ignore the revenue increases from PR.

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