What types of PR do you need, and when do you need then? The type of PR you choose, mostly has to do with your larger strategic initiatives and your desired PR outcomes. When hiring a top PR firm, prioritizing initiatives and timelines is usually incredibly important to companies in emerging industries or companies with big ambitions, but not huge PR budgets. So when SHOULD you use the most important types of PR for fast-growing and ambitious companies?
Strategic Public Relations
Research is the forgotten science behind PR. From surveys and studies that impact consumer or stakeholder opinion, to consumer, product, or media trends, strategic PR puts emotional intelligence in context.
Many startups skip this part because they perceive it as expensive. But that’s why Avaans Media offers a strategic analysis as part of its bespoke PR services. We think it’s important to inform strategies with data. Even startups without a reputational history can benefit from analysis of media trends. The strategic analysis can also save you hundreds of thousands of dollars in wasted advertising or brand expenses because of bad timing or a lack of insight into a buyer’s state of mind.
Media relations is the most visible part of PR. It’s so visible in fact, that many people think media relations IS PR. It’s usually media relations that secure proactive press and work directly with the media to improve their impression of your company. Most ambitious companies use media relations when the goal is to increase visibility and improve their reputation for stakeholders. Stakeholders could be current or potential investors, current or potential customers or clients, government decision-makers, and even the media itself. A solid media relations strategy keeps you in good graces with the media and improves your reputation with positive press. Media relations can be product PR, like with a new product launch, or during a particular product sales cycle, or it can be part of the thought leadership and strategic relations campaigns.
Media relations PR tactics for fast-growing companies include active outreach to journalists and maintaining an eye on news that impacts the brand, its competitors, or its customers. Media relations PR professionals never forget the “relations” part of their job and ensure that content such as press releases, pitches, and products are delivered in a media-centric way. Your media relations team has two important stakeholders: the media and you, and it’s often a delicate balance.
For emerging industries like cannabis and drones, community relations is a primary PR tent pole. Community relations are the proactive steps a company or brand takes within a particular community to improve its reputation or ease concerns about its product or operations. Community relations can be within a geographic area, a demographic group, or an industry. Tactically, this might include partnering with nonprofits, purpose-driven initiatives, or education campaigns.
No one likes to think about it, but from product recalls to cyber attacks to executive missteps, having a solid plan in place for a crisis is an important part of building, and maintaining a hard-earned reputation. Tactically, this should be a plan that’s in place for a variety of crises that could impact your business. You will consider your risks, your stakeholders, and key people who need to be involved, and how they need to be involved. Crisis communications can be one of the most expensive forms of PR if you wait until there is a crisis to engage a PR agency.
Most modern PR firms, especially those that serve companies with ambitious goals, will incorporate some level of digital PR in a comprehensive PR strategy. This could incorporate content, social media, and at the very least, how the latest Google changes impact your PR. You simply can’t ignore that your reputation lives and breathes online. Make sure your digital PR collaborates with your SEO and your social media.
From public speaking opportunities to content contributions to commenting on important news and leading important conversations, thought leadership for executives improves brand reputations and community relations. What would Apple be without Steve Jobs? What would Spanx be without Sara Blakely? Both CEOs built an incredible brand and added value to it with their own personal branding. Entrepreneurs of fast-growing or ambitious companies with their eye on an IPO or fundraising should invest in thought leadership because it’s one of the most valuable forms of PR.
For startups and ambitious companies, PR is an investment in your company’s future. Knowing when to use important types of PR for ambitious companies will help you prioritize your PR investment.