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In
an effort to provide potential clients with a clearer understanding of the
process and benefits of public relations, we have compiled a series of questions
that are frequently asked and prepared responses for each. They include:
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What
is public relations, and is it the same as marketing communications? |
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The definitions depend
upon whom you talk to, though generally public relations is considered
a general skill set that focuses on positively influencing the perception
of a business, product and service primarily through the placement of
articles in print, broadcast and online media outlets.
Marketing communications
defines the wider range of marketing options used to influence public
opinion and/or drive business. These include advertising, promotions,
special events and collateral materials such as brochures, flyers and
giveaways. Media relations is one of several key components of the overall
marketing mix.
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Why
should my company hire a public relations firm? |
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For
most companies, achieving consumer mind share in todays highly competitive
marketplace is a major priority. While advertising delivers "paid-for"
views, public relations has the power to transcend a mere message with a
third-party endorsement from respected journalists at "The Today Show,"
The New York Times, "Entertainment Tonight" and USA
Today, among others. The strength of that impression is much more lasting
than one from a paid advertisement.
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What
qualities should I look for when hiring a firm? |
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Look
for an innovative company that has an understanding of your business, a
proven track record of delivering results and senior management who will
be involved in your account.
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What
are the advantages of retainer-based fees vs. hourly rates? |
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One
of the main advantages of a retainer fee is it allows an agency to provide
a higher level of service and more senior-level involvement. When a client
is paying by the hour, this makes it very difficult for senior executives
to spend meaningful time on that particular account as their billing rates
are usually very high and absorb too much of the budget. Retainer-based
billing enables staff at all levels to focus on maximizing results rather
than tracking hours and cutting corners to complete the task at hand. Furthermore,
it avoids the client being informed "we've run out of hours" midway
through the month.
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What
are the advantages of a mid-sized agency? |
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Mid-sized
firms are usually able to offer clients comparable resources as larger agencies
at significantly lower fees. In addition, mid-sized firms tend to be able
to provide much more personal, hands-on service and become more intimately
involved in clients' businesses. The main reason many companies use large
firms is because they want to have an agency with offices around the country
or the world. What they don't realize, however, is that each office of a
large firm is its own profit center and receives its own fees for work it
performs. So, it's pretty much like hiring a separate smaller agency, even
though billing may be handled centrally. Another advantage of mid-sized
firms is that senior executives, generally speaking, are more often practitioners
as opposed to managers. It is not uncommon at a mid-sized firm, for instance,
to see a vice president writing a press release or pitching a story to a
reporter. At larger firms, senior-level executives spend most of their time
on administrative management and new business activities.
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How
do I know Im getting my moneys worth from a public relations
agency? What should I expect? |
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Clearly
define your business goals and objectives before you start to work together.
Determine who your audiences are, provide a historical perspective, share
any and all research and be forthright. Treat the firm as if they are a
partner and not an afterthought. You will know that you are getting your
moneys worth when the news announcement being made generates positive
press coverage and a "buzz" is created among the targeted audiences.
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If
I hire a public relations firm to represent my company, what will be expected
of me? What kind of information will I need to provide? |
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You
should be willing to provide all existing information about your company,
where you believe your business is today and where you would like it to
be in the future. Plan to impart knowledge of tangible and future developments,
and be sure that you have identified someone internally to manage the relationship
on a daily basis. Your chosen "agency of record" will only be
as effective as the information provided.
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What
are the pros and cons of handling my communications needs in-house? |
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The pros
are:
- direct control
of who is hired and retained
- individuals hired
are devoted to working on your company and its business entirely
The cons
are:
- it is generally
more costly to set up an in-house operation
- in-house operations
are sometimes insular and out-of-touch with perceptions beyond their
own corporate culture.
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What
are the pros and cons of hiring an outside company? |
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The pros
are:
- an outside firm
that understands your business and industry can be a major asset, as
it taps into a larger creative pool to help your communications strategy
break "out of the box"
- firms have deep
resources and extensive media and industry relationships in place which
means that they can achieve results faster
- an agency can become
a resource to the media when it has multiple clients in the same industry
- significant cost
savings
The cons
are:
- some firms bring
an experienced "team" of individuals to a new business pitch,
then after being hired assign a junior account executive to spearhead
the day-to-day activities.
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Is
it a conflict of interest that Bender/Helper Impact represents so many companies
in the same categories of business? |
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It is the agencys
philosophy that having clients in the same industry actually represents
an advantage, as opposed to a conflict. Having more than one client in
the same industry provides us with more influence and leverage with the
media, and we become more entrenched in the industrys issues, news
and trends. Furthermore, we find that we become a resource for the media
when our representation is more widespreadthus creating additional
editorial opportunities for our clients.
That being said, the
agency is very careful not to assign any staff members to accounts that
might be in conflict with one another. From years of experience in representing
clients in the same industry, we understand the level of confidentiality
that must occur on an ongoing basis.
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How
do you measure success in media relations/marketing communications efforts? |
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The
success is measured by whether a program has helped to achieve your identified
business goals and objectives.
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Is
a press release an effective way to get positive media coverage? |
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It
can be effective if the press release is newsworthy, timely, topical and
distributed strategically.
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What are the key elements of an effective press release? |
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Every
press release should clearly identify the news you are imparting, underscoring
why it is newsworthy, timely and pertinent. The lead should answer the "who,"
"what," "when," "why" and "how":
who does the announcement involve, what is the news, when
did the development occur, why is it important and how does
it impact the targeted audience.
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What
resource best supports a successful marketing communications effort? |
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The
key is to retain a firm that is entrenched in your business and understands
the trends and developments that are shaping the future of your industry.
Furthermore, a successful partner should develop a strategic communications
plan that includes proper messaging for target audiences, maintain established
relationships with key industry media and have an innate ability to recognize
opportunities on your behalf.
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How
has the Internet changed public relations, media relations and marketing
communication? |
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Significantly.
For every "traditional" print and broadcast media outlet, there
is now an online counterpart to approach. Depending on the company/service/product,
the Internet presents public relations professionals with the unique ability
to effectively target consumers directly. In addition to editorial coverage
and direct marketing opportunities, online media destinations provide "unlimited"
promotional opportunities that simply arent financially feasible for
a "traditional" print/broadcast outlet.
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Why
do some agencies mark up their expenses? |
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Initially,
agencies added a certain percentage to expenses incurred on the client's
behalf to cover the interest they were losing on the money for having to
advance the money for their client. Unfortunately, many agencies decided
they could also generate revenue from these mark-ups, and now it has become
a significant profit center for many agencies. At Bender/Helper Impact,
the only income we generate is from the fees paid to us by clients. We do
not look for additional ways to make money through the rebilling of expenses. |
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