Tag Archives: marketing counsel

March 16, 2012 · 10:59 am

Avoid the Carnival Barker Approach to Publicity

Publicity Must Be More Than Noise

Companies of all sizes believe that more publicity is always better, as a means to raise brand awareness and drive business results. But there are several reasons why this noisy carnival barker publicity is a losing game. For starters:

  • There are too many distractions within traditional print, broadcast and digital media channels to ensure that target audiences will notice your company’s brand exposure, remember seeing it, or be influenced by the coverage;
  • Many types of media exposure have very little marketing value. For example, having your CEO quoted in a story that also includes quotes from competitors will do little to distinguish your company’s brand, or to make the phones ring;
  • Publicity (also called “earned media”) is a beast that must be fed consistently. This effort requires that a company either engage an outside PR agency or employ dedicated staff members who are skilled at pitching stories and nurturing press coverage.

So, if media placement is both an inefficient and costly marketing tactic, then why do large, sophisticated companies continue to use it? Big companies use PR because they can afford to. They have the financial and human resources not only to be consistent in its application, but also to be sloppy in requiring a reasonable return on investment.

Conversely, because resources are limited, small and medium-sized companies cannot play the same publicity game; to survive, they must demand that PR tactics be cost-effective and accountable. Unfortunately, SMBs across all industries that attempt to go toe-to-toe with deep pocketed competitors by emulating their “more publicity is better” approach are often disappointed with the results of PR over time. Although they may succeed in generating some media exposure over a 6-month or one-year period, many companies eventually drop the tactic altogether. Other than a pile of press clippings or some online content for their website’s “In the News” section, business owners are hard-pressed to draw a connection between their publicity campaign and tangible business results, such as lead generation or increased revenue.

If the bad news for SMBs is that they lack the financial resources to maintain a consistent brand presence using publicity, then the good news is that “more publicity is better” is a losing game that no company should play, regardless of the size of its balance sheet.

Companies seeking to leverage publicity to drive business results in a cost-effective manner need to play a very different game, using the following rules:

Generate credibility tools, not placements. The underlying marketing value of publicity lies in the inherent 3rd party validation provided by the media sources that create exposure for your brand. Your goal is to generate media exposure that will yield a credibility tool for your business; telling clients, prospects and referral sources that you are a “safe choice.” Your media exposure must shine a light on your company’s value proposition (addressing why people should buy your products or services) in order for that publicity to serve as an effective credibility tool. More bluntly, if your publicity doesn’t make your firm’s sales collateral more believable, it’s a wasted effort.

Seek only high-value exposure. Contrary to conventional wisdom, less publicity can be better…if it is high-value media exposure. No publicity has the right to exist without a specific business purpose, and not all publicity is created equal. High-value exposure puts an exclusive spotlight on your company’s intellectual capital, underlying values or narrative, and typically allows you to control all or most of the content. On that basis, certain types of publicity – such as an exclusive company profile written by a “friendly” journalist; one-on-one interviews on relevant topics; bylined articles, blog posts or OpEd pieces that you’ve authored – are far more valuable than simply being mentioned or quoted in a news or feature story.

Plan media solicitations last. Under pressure to produce media exposure of any kind, PR firms or corporate publicists sometimes generate a placement first, and then attempt to figure out a way to leverage (or “merchandise”) that publicity. Too often, publicity with or without merchandising potential is simply hung on a company’s website like a hunting trophy. As a marketing-savvy company, you must work backwards…by first defining what specific behavior or opinion you’re attempting to influence, and then by determining how you’ll apply media exposure to accomplish that goal. Only at that point, are you prepared to solicit specific media placements that have a purpose, editorial focus and the potential to drive a measurable business outcome.

Build an internal merchandising system. If you’re creating effective credibility tools using publicity, it’s essential that you establish an internal discipline to ensure that your current and prospective investors, referral sources and other key audiences receive those tools on at least a quarterly basis. Many RIAs fail to understand that the ROI of publicity is based, in large measure, on the depth and reliability of their firm’s CRM system. To maintain top-of-mind awareness with your target audiences, and to benefit from the media’s 3rd party endorsement of your business, you must take steps (in a manner that’s not overly self-serving) to see that whatever publicity you generate is directly applied to remind people of who you are and why they should do business with you.

Slice and dice for additional ROI. In this digital age, there are opportunities to gain additional mileage from the publicity you generate, in terms of search engine marketing (SEM) potential, and exposure to audiences that may not be covered by your CRM system. These efforts should supplement, rather than serve as an alternative for, your internal merchandising discipline. For example, if you’ve scored a bylined article in an industry trade publication, initiate a discussion on the article’s topic within appropriate LinkedIn user groups, and attach a link to the published piece. If you use Twitter to promote the article’s link, extract a provocative observation or quote from your piece, rather than tweeting: “Read my article that was published in Widget Manufacturing News.” If you’ve been interviewed on CNN or the local news, post that video on YouTube, and be sure to include a written commentary that gives your video additional context and marketing value.

Changing the way you think about and apply publicity – primarily by abandoning the notion that the discipline requires a carnival barker’s approach to capturing marketplace interest – will allow your company to gain a powerful marketing capability. If publicity is designed and managed in a strategic manner, your small business can compete effectively against companies of any size.

Leave a comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

February 27, 2012 · 3:54 pm

Jimmy Webb and the Power of Storytelling for B2B Companies

Music critic Miss Universe on "A Hard Day's Night" movie set

Songwriting legend Jimmy Webb has written some of pop music’s most enduring ballads, including Wichita Lineman, By the Time I Get to Phoenix, Galveston, The Worst That Could Happen and the rock cantata MacArthur Park (simultaneously heralded as a musical masterpiece and the worst song ever written.)

The 66 year-old Oklahoma native now lives in Long Island and performs year-round at small venues in the US, Canada and abroad. Baby boomer fans pack the room to hear Webb strain to hit his own songs’ high notes, to listen to his tales of life on the road, and to get the real stories behind how and why he wrote specific songs.

At a show last weekend in New Jersey, Webb told fans about his first trip to London in 1964, where he fell in love with Miss Universe, who he met on the set of the Beatles movie, A Hard Day’s Night. According to the rambling story, in his attempt to impress the beauty queen – who had been cast as an exotic dancer and appears for 6 seconds in the film – Webb invited her back to his hotel room, where he sat her down next to him on the piano bench and performed his then unrecorded version of MacArthur Park. Unfortunately for Webb, the 7 ½-minute song failed to put her under his spell. She told him it was a silly song and left. Or so Webb’s story goes.

For the 450 people who heard Webb’s London adventure, all of whom have listened to MacArthur Park for decades, their musical experience has been forever re-shaped. When they hear that song in the future, it will provide a different context or a different meaning. Now, instead of cakes left out in the rain, they’re more likely to envision Jimmy Webb serenading Miss Universe in London. That’s the power of storytelling.

Social media and technology provide efficient ways for people to tell stories. But according to Dr. Pamela Rutledge, Director of the Media Psychology Research Center, “The human brain has been on a slower evolutionary trajectory than the technology. Our brains still respond to content by looking for the story to make sense out of the experience.”

Writing in Psychology Today magazine, Dr. Rutledge notes that, “When organizations, causes, brands or individuals identify and develop a core story, they create and display authentic meaning and purpose that others can believe, participate with, and share. This is the basis for cultural and social change. This is a skill worth learning.”

Increasingly, in B2B communication, companies focus on the medium and the technology, rather than the underlying message, its meaning or purpose.  In our world of websites, blast emails, podcasts, webinars, analytics, blogs, Facebook, Twitter, marketing automation, smart phones and mobile apps…it’s easy to forget that the quality of a company’s narrative drives people to notice, participate or care about what’s begin sold – whether that be a product, service or a philosophy.

We’re all familiar with how the big brand companies such as Harley Davidson, Jack Daniels, Levi Strauss, IBM and Ben & Jerry’s have leveraged their corporate narratives to build awareness and market interest. But most small and medium-sized companies, and B2B firms in particular, are at a loss to understand how the power of storytelling can showcase their core values, mission and marketplace differentiation. But this goal can be accomplished…not by cooking up elaborate tales about the company’s founders or its early struggles… but rather, by pulling back the curtain on how and why the company makes decisions, and by using real-life examples and incidents to provide interest and context.

A great example of effective storytelling involves Davidson Trust Company, a Devon, Pennsylvania-based investment manager with around $1 billion in assets under management. In a series of columns published in the Philadelphia Inquirer, Davidson’s CEO Alvin A. Clay III used stories to establish relevance for his thoughts on issues of importance and likely interest to his firm’s current and prospective investors.

In one of his columns, Davidson’s CEO described how his father – a longtime professor at Villanova – had been the beneficiary of kindness as a young man, and had devoted much of his teaching career returning the favor to others. In another, Mr. Clay recounted a heated debate he had experienced with other business leaders, and how that exchange had shaped his decision-making process regarding publication of his company’s ethics statement on its website. In all of Clay’s columns, he used storytelling to deliver insight and to position the Davidson brand in a genuine, credible and memorable manner.

At his concerts, Jimmy Webb spends more time telling stories than he does on singing his songs. And these events typically end with a 10-minute standing ovation.

Earlier this month, Davidson Trust Company received its own standing ovation. Publicly traded Bryn Mawr Bank Corporation (NASDAQ:BMTC) announced plans to acquire Davidson.

Leave a comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

January 25, 2012 · 3:07 pm

Page’s Seven Principles of Public Relations Management

Arthur W. Page (1883 - 1960)

Although Edward Bernays is often characterized (largely through self-promotion) as the “father of public relations,” most serious PR practitioners consider Arthur W. Page to be the first and most influential apostle of modern-day public relations and corporate communications.

From 1927 to 1946, Page served as a vice president and director at AT&T, and his many contributions to the profession are recognized today as namesake of The Arthur W. Page Center for Integrity in Public Communication – a research center at Penn State’s College of Communications – as well as the Arthur W. Page Society, whose members are corporate chief communications officers or senior officials at public relations agencies.

Page’s most lasting legacy, however, may be the seven rules of PR management, known as the Page Principles, that he espoused:

  • Tell the truth. Let the public know what’s happening and provide an accurate picture of the company’s character, ideals and practices.
  • Prove it with action. Public perception of an organization is determined 90 percent by what it does and 10 percent by what it says.
  • Listen to the customer. To serve the company well, understand what the public wants and needs. Keep top decision makers and other employees informed about public reaction to company products, policies and practices.
  • Manage for tomorrow. Anticipate public reaction and eliminate practices that create difficulties. Generate goodwill.
  • Conduct public relations as if the whole company depends on it. Corporate relations is a management function. No corporate strategy should be implemented without considering its impact on the public. The public relations professional is a policymaker capable of handling a wide range of corporate communications activities.
  • Realize a company’s true character is expressed by its people. The strongest opinions — good or bad — about a company are shaped by the words and deeds of its employees. As a result, every employee — active or retired — is involved with public relations. It is the responsibility of corporate communications to support each employee’s capability and desire to be an honest, knowledgeable ambassador to customers, friends, shareowners and public officials.
  • Remain calm, patient and good-humored. Lay the groundwork for public relations miracles with consistent and reasoned attention to information and contacts. This may be difficult with today’s contentious 24-hour news cycles and endless number of watchdog organizations. But when a crisis arises, remember, cool heads communicate best.

Practicing and aspiring public relations executives would be well-served to keep a copy of these timeless Page Principles on the wall, or at least in their desk’s top drawer.

Life-long students of PR craftsmanship will also enjoy and benefit from reading the acceptance remarks from the Page Society’s Hall of Fame recipients, and from watching the videos from the Page Center’s collection of oral histories given by some of the profession’s most noteworthy PR practitioners from the past and present. Notably, the Page Center’s website also contains a great number of Page’s speeches and writings.

4 Comments

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , ,

December 23, 2011 · 5:01 pm

3 Reasons to Avoid One-off Press Quotes

Your Media Strategy: Steak or Sizzle?

For reasons often directly related to justification of a PR firm’s monthly retainer, many corporate websites are littered with press clippings featuring one-off quotes from its executives. Although this popular genre of “Hey look at me, my name is in the news!” visibility can feed corporate egos, the exposure seldom moves the needle, in terms of tangible business outcomes. Here’s why:

  1. The likelihood of target audiences seeing your quote is close to zero. Given the increasing volume of on- and off-line media noise, and because most people are surface readers, getting people to notice a quote buried in the fifth paragraph of a story is akin to getting on camera while sitting in the bleachers at the Super Bowl.  More importantly, even if your quote does get noticed, it’s even more unlikely that readers will either remember it or act on it.  In most reporting, quotes from sources simply support a premise the reporter is making; they’re not intended to make the sources look smart.
  2. The marketing value of your media quote is absolutely zero. In media coverage that includes quoted sources, typically more than one source is featured, and those other sources often will be competitors. Having a competitor or two quoted in your media coverage will either kill or greatly reduce its merchandising value; meaning the piece cannot be leveraged as a sales tool. To address this issue, some companies extract or isolate their executives’ quotes to remove references to competitors, but this practice of “selective transparency” does not reflect well on the organization’s integrity.
  3. Promoting one-off media quotes can devalue your company’s brand. Here’s an acid test: Do well-known, much quoted companies – McKinsey, Morgan Stanley, General Electric, SpencerStuart, for example – feature one-off media quotes on their websites? Or (God forbid), do they write press releases announcing that one of their executives was quoted in the media?  A quick way to label your company as “bush league” is to base its media strategy around building and promoting an inventory of media exposure consisting of one-off quotes.

If your company is seeking to leverage media exposure to gain 3rd party endorsements, and to establish bona  fide thought leadership, one-off media quotes offer a highly inefficient way to accomplish those goals. More effective media placement strategies involve company profiles, interviews, bylined articles and OpEd pieces…the type of exposure that shines an exclusive and relevant light on a company’s intellectual capital, and that can be converted into powerful sales and marketing tools.

The challenge in pursuing a media strategy based on steak rather than sizzle is that the underlying content requires focus, thought and effort, and that the coverage is much more difficult to attain.  Companies and their outside agencies must decide whether their media strategy will be based on short-term ego gratification, or on long-term, meaningful brand exposure. At many companies, that conversation never takes place.

Leave a comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

December 12, 2011 · 5:21 pm

Sales Tips from PR Legend Lee Levitt

Lee Levitt, sans fedora and shoulder bag

Lee Levitt, who passed away in 2010 at the age of 80, continues to be remembered as a PR practitioner who gave much to the profession; as someone who lived up to his characterization as an industry visionary.

Paging through Lee’s “Manual of PR Sales Strategy & Tactics,” the insights he  offers are as relevant today as when he wrote them in 1992, and apply across all professional service disciplines, not just PR. Here are a few Levitt gems:

  • “What most managements want to buy today is the accomplishment of specific substantive corporate / institutional goals… So that is what you must sell. You cannot simply come in and enumerate the skills you have, the technical things you can do. You must explain how applying them will solve some substantive problem or take advantage of some substantive opportunity.”
  • “Telling people that you are going to counsel them can make you seem presumptuous and arrogant. No matter how diplomatically you put it, you seem to be saying that management is dumb and benighted, while you are smart and enlightened.”
  • “What prospects really want to hear about is themselves. They want you to tell them about themselves in exactly the same words they use… And they want you to want their business and be enthusiastic about it.”
  • “Never criticize what the prospect has done in the past. Let the prospect tell you what went wrong and whose fault it was… If asked if you could have done better, say you hope so.”
  • “Most salespeople believe it is their job to talk, and up to a certain point that is true. But once the prospect is primed to talk, it is your job to shut up and listen. Some salespeople never learn this.”

If you can find a copy of Lee’s book, buy it and read it. If you have a copy on your bookshelf, pull it out and re-read it. But don’t ask to borrow my copy, because it’s not going anywhere.

Lee Levitt embodied craftsmanship in public relations, and left a lifetime of wisdom for those who follow in his footsteps.

1 Comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , ,

November 27, 2011 · 10:48 am

B2B Marketing Strategies and Insights

Leave a comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , ,

July 24, 2011 · 4:15 pm

Are You Wasting Money on Publicity?

The Value of Publicity is Based on 3 Key Factors

Every year, companies waste time, money and opportunity generating publicity that accomplishes little or nothing in terms of tangible business outcomes.

Here are a few hard truths regarding publicity:

  • Your audiences are unlikely to notice the exposure, or do anything about it.  Even with content shelf-life driven by intelligent SEO management, there is simply too much information, too many online and offline media sources, and too little time in the day for your customers, prospects and referral sources to read, see or hear your message. And if they do get your message, there’s often little motivation for them to act on it.
  • Publicity volume does not translate into business results.  A single high-value media placement that’s properly merchandised often has greater impact than a pile of press clippings. In fact, publicity for its own sake is often unfocused, with no connection to the company’s underlying value proposition or core messages; generating confusion and apathy among target audiences.
  • Some types of publicity have significantly greater marketing value than others. The old PR adage that “There’s no such thing as bad publicity” may work for Lindsay Lohan, but it has no application for companies that care about their brand. To calculate the media placement value of various types of publicity (see chart above), Highlander Consulting uses three key criteria:
  1. BRAND RISK – If you have little control over how your company’s reputation or intellectual capital is presented – such as in a feature story where a reporter or editor will seek to produce “balanced coverage” by presenting negative items or including a competitor – then the publicity has inherent brand risk. (Value Scoring: +1 if you have total control over content; -1 if you have little or no control.)
  2. CREDIBILITY – Often called “masthead value,” this factor is based on how well the media source is recognized and respected. The potential value of the publicity is based in large measure on the underlying credibility of the source, because the exposure supplies an inherent 3rd party endorsement. (Value Scoring: +1 if the source has strong credibility; -1 if it has low credibility.)
  3. MERCHANDISING POTENTIAL – This often overlooked factor is sometimes mistakenly called “reprint value,” but Merchandising Potential encompasses far more, relating to how easily and how broadly the media exposure can be leveraged to support and drive specific marketing goals. Simply posting publicity on a website does not deliver a high ROI.  (Value Scoring: +1 if the publicity has a range of applications; -1 if it’s limited to one or two.)

Using this ranking methodology, and as reflected in the chart above , bylined articles and OpEd pieces published in credible sources typically deliver the highest marketing ROI; while inclusion (being mentioned or quoted) in a round-up news or feature story does not score well. Most home-grown efforts, such as self-published press releases, have very little value.

By using this formula, or a similar methodology, to evaluate the potential ROI of individual publicity tactics, and by building media and marketing strategies around only high-value activity,companies can consistently make the connection between publicity and tangible business results.

Leave a comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,