Market a Fund to Investors

Posted on March 17, 2015 by Mark Macias

By Mark Macias

Public relations can raise the profile of your firm. Unfortunately, the financial industry is one of the last sectors to embrace PR.

MACIAS PR has led many media campaigns for hedge funds, private equity firms, money managers and financial service providers. Our team secured media coverage for our clients with CNBC, Wall Street Journal, Barron’s Magazine and others.

This track record is partially why industry peers named MACIAS PR the 2017 Strategic PR Firm of the Year. And in 2015 and 2016, Finance Monthly named us the Financial PR Firm of the Year.

A recent white paper, How to Market your Fund under the New SEC Rules, found less than 5 percent of SEC registered hedge funds are taking advantage of PR.

The white paper found fewer than one in 20 SEC registered funds had a website, putting them out of reach of new investors. The research also discovered roughly 80 percent of the funds in Connecticut didn’t even have an email address for investors to contact.

The white paper was published by MACIAS PR and can be downloaded by clicking here.

How to Market a Fund to Investors

Before the SEC lifted the restrictions on marketing, most funds had not developed a website, fearing it would give the impression of skirting the old SEC prohibition on advertising.

Those funds are now at a huge disadvantage since they are entering a modern world where an online presence is crucial to marketing any service.

Marketing a fund with the media is drastically different than marketing a product to the public. Every fund needs credibility before the media will even consider putting a portfolio manager on TV or quoting him as a financial expert. This is why he says it’s so crucial for all funds to establish credibility now with a strong online presence.

Here is an except from the white paper How to Market your Fund under the New SEC Rules:

Establish Credibility before any Media Outreach

Credibility matters in life, but it especially matters for journalists, says Macias who was a journalist for NBC, CBS and King World Productions. Whenever a portfolio manager is pitched as an expert to the media, journalists will quietly and overtly measure his expertise, integrity and experience in the financial industry. If a reporter doesn’t see an online presence on your fund, credibility questions will be raised, Macias says. Here are a few credibility questions you should be able to address and answer before your fund pursues media placements.

Develop a Content Marketing Plan

Your team of analysts already has a wealth of research that could be turned into white papers, blogs, articles or editorials that could be marketed on the web. This is known as “content marketing.” Content marketing is one of the most effective methods for reaching new investors because it provides a real value to consumers. When promoted on the web, content marketing platforms, like nRelate or Outbrain, can help your original content reach even more targeted business readers on influential blogs and news websites.

Research Financial PR and Financial Marketing Firms

Unlike ad campaigns that stop when your campaign ends, media campaigns keep working for your fund long after a PR campaign is over. The cost for a PR campaign effectively diminishes overtime, since news organizations rarely bring down their stories.

Another benefit to a financial PR campaign is a boost to your search engine ranking. If your PR team can convince a news organization to post a link to your website on their news site, other search engines will suddenly view your fund as more valuable, boosting its ranking to a higher position. Here are a few questions to help you determine which PR firm is the best fit for your hedge fund.

Develop an Email Marketing Campaign

Email marketing campaigns can be a targeted way to share your investor newsletters with potential investors. When written in a concise way, a fund’s newsletter can be shared with your clients’ sphere of influence, especially when it contains social media links embedded in the newsletter. The key to launching a successful email campaign is to deliver original content that educates readers on your fund.

Macias PR was named the 2017 Strategic PR Firm of the Year and 2016 and 2015 top PR Firm of the Year – USA by Finance Monthly. The founder – Mark Macias – is a former Executive Producer with NBC and Senior Producer with CBS in New York. He is also a PR contributor with CNBC, providing media analysis, insight and crisis advice on timely business topics.

The Biggest PR Mistake

Posted on March 3, 2015 by Mark Macias

By Mark Macias

There are many mistakes you can make while running a public relations campaign. Fortunately, most of these mistakes can be overcome and corrected as long as you identify them early.

But, there is one PR mistake you can rarely fix and when it happens, an entire media placement is effectively worthless.

What is the biggest mistake: when a reporter misspells, or worse, doesn’t include the name of your business in the story.

This is why you need to always – repeat – always reinforce the name of your business with a reporter throughout the interview. In addition, you should also be continually dropping the name of your business throughout the reporter interview.

Why Name Dropping Your Business Matters

I helped get a friend on a local TV show in Phoenix and it was a great segment. He was positioned as an expert in his field, but the TV station never put his name or business name on the screen.

He could have avoided this error on live TV if he would have dropped the name of his business at the end of his live segment.

Remember, reporters and producers move at warp speed. Minutes matter in print. Seconds count in TV. Decrease the chances of your name getting lost by taking control of the interview and sprinkling the name of your business throughout the interview.

Mark Macias is a former Executive Producer with WNBC, Senior Producer with WCBS and author of the book, Beat the Press: Your Guide to Managing the Media. You can read more on his public relations agency at MaciasPR.

How to Measure PR ROI

Posted on March 2, 2015 by Mark Macias

By Mark Macias

Measuring the ROI from a marketing or ad buy is fairly straight-forward, but PR has variables that can make it more difficult to asses the direct impact on the bottom line. But contrary to what most entrepreneurs believe about Public Relations being nebulous, it is possible to measure its effectiveness.

Here are six different methods to help you measure the ROI of any PR campaign:

ROI of Media Placements

In addition to the number of media placements secured by your PR firm, you should look closely at the internal distribution numbers and demographics reached from your media outreach. Many news organizations publish these numbers on their advertising pages, giving you insight into how many or what type of consumers you are reaching. This assessment can give you a measurable look at the number of consumers your PR campaign is reaching. If you look closely at the demographics, you can also determine if you are reaching the right consumer or businesses.

ROI of Credibility

Public Relations is especially effective and measurable when it comes to increasing your credibility in the service sector industries. Consumers want to know that your service has been vetted and is reliable. If you’re a hedge fund portfolio manager, potential investors will assume you are a better money manager if you’re an expert on CNBC or in the WSJ. You’re less likely to be a scam artist if the media is talking about you. This increased credibility will improve your profile with potential clients and lead to more sales.

PR ROI with Sales

It’s very difficult for a PR firm to assess the ROI from sales if the client doesn’t share internal information, however every business owner should be able to identify where their clients are coming from. A better way to keep track of PR ROI is to create a special website link for the media campaign. If customers are typing in this direct link with any search engines, you know your PR campaign is gaining traction. Analytics and Webmaster can also tell you which websites are sending you traffic.

ROI for Search Engine Rankings

Nearly every PR story helps with your website ranking because the search engines (Google, Yahoo, Bing) identify these websites as quality links. In other words, Google believes if the New York Times links to your website, you business must have value.

Here’s another way PR can help your website get a higher ranking with the search engines.

Smaller blogs frequently run stories or snippets from the larger media outlets. If you are able to get a large story in a major newspaper, there is a good chance that you can get other, smaller websites to also do a story promoting your business, which can help your SEO with the additional links.

ROI from Analytics

In October 2013, Google changed its analytics data, making it more difficult to determine key words that are sending traffic to your website. The good news is you can still measure the ROI from PR using Google Analytics. Unfortunately, a successful PR strategy gets your company into the conversation, so analytics can’t measure this aspect of PR, but if more people are finding your website using specific keywords for your company, you can safely assume the PR campaign is converting on its ROI. You can also use Google Webmaster to see more details on how the search engine queries to see if these news articles are also driving traffic to your site.

ROI of Social Media Influence

A successful PR campaign that uses video can become another way to measure the ROI of PR. It might be difficult to measure the exact ROI from these videos but you can measure the reach by video views. Marketing research also shows a video on your website can increase sales up to two-fold, not to mention the added SEO value it brings with search engines.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com

How PR Helps with SEO

Posted on March 2, 2015 by Mark Macias

By Mark Macias

If you type “PR Help” in Google, you will see a link to public relations site on the first page, called PR Help. That high profile search engine ranking didn’t happen by accident and it didn’t arrive solely because of the website name.

It was a choreographed PR strategy that took a little less than 3-months to achieve.

There are many strategies that can help push your website ranking with the search engines: key word optimization, Internet marketing, promoting your website through back links – but one of the most cost-effective ways to increase your search ranking is via public relations.

It is called Search Engine Optimization or SEO for short.

How can PR my search engine ranking?

If you want potential clients or customers to find your website via search engines, consider looking to public relations as an alternative.

Unlike online ads, which expire with your budget, with public relations, your news stories keep working long after your media campaign is over, especially if you can convince the news outlet to post a link to your website.

All of the search engines will rightfully believe your company has more valuable information if a prominent news organization, like the New York Times, posts a website link to your website. That in turn, will raise your profile and ranking with the search engines.

Here’s another way PR can help your website get a higher ranking with the search engines.

Smaller blogs frequently run stories or snippets from the larger media outlets. If a major newspaper runs a story on your company, there is a good chance smaller websites will want to run the story, which helps your SEO.

So before you devote that marketing budget to Facebook ads, take a minute to research the ROI of PR.

International PR Campaign

Posted on March 2, 2015 by Mark Macias

By Mark Macias

Would you like to introduce your product or service to consumers in the USA? Imagine the growth an international campaign could bring to your company.

New York City alone has a $1.29 trillion economy, larger than the economy of Mexico ($1.15 trillion), South Korea ($1.12 trillion) and the Netherlands (S838 billion), according to a report by HIS Global Insight (http://usmayors.org/metroeconomies/0712/FullReport.pdf)

And don’t assume you can’t afford a solid PR campaign in the USA, especially if your start-up can afford to buy Facebook ads. A publicity campaign is almost always more cost efficient than an advertising campaign. The cost for a PR campaign varies by the complexity and scope of the campaign, but it can increase your brand awareness, introduce a new product and improve your website’s ranking with Google. (Click here to read how a PR campaign can improve your SEO ranking).

But where do you begin as a foreign company, trying to enter the US market?

MaciasPR has worked with many international companies and start-ups trying to enter the US market. We have gotten our clients publicity inside some of the most influential news organizations, including the New York Times, CBS News, Good Morning America, CNN, Fox News, as well as targeted industry publications like Venturebeat, BusinessInsider and Ecommerce.com.

But before you enter the USA market, you should be prepared to answer a few questions on your company’s vision.

Do you want a national or local media campaign? Is it B2B or B2C? How complex is your message? Who exactly do you want to reach?

We can guide you via Skype if you would like to hear a more targeted media approach for your company. Just message us at www.MaciasPR.com.

Get My Story on the News

Posted on March 2, 2015 by Mark Macias

By Mark Macias

I recently got a Linkedin email that had a catchy headline on the surface, but lacked truth when you looked deeper.

“Publicity is the most under used method to get attention, yet the media is starving for stories.”

I think the Linkedin spammer might have had a better “PR” argument if he said the media is looking for great ideas. “Starving for stories” implies there is a shortage of story pitches hitting reporters and producers and that is not the case.

As an Executive Producer with WNBC, I approved story ideas from publicists, reporters and producers. When I would log into my email at NBC and CBS every morning, I would easily have 300 new emails that were sent overnight from publicists trying to get their clients on the news.

More than 90 percent of those emails didn’t identify a solid news angle and were treated as spam. Those publicists couldn’t find the story narrative even if they had a journalist sitting next to them. And that wasn’t just based on my media experience in New York. During my time as a news producer in Phoenix and Miami, the publicists were actually even more inexperienced.

The media wants to cover stories that have a compelling narrative, stories that impact the public, stories that uncover wrongs or inspire people to do right. Yes – not all news is bad. There is a home for inspiring stories and in TV, we usually call it the kicker.

The news industry is competitive, and it’s not easy to get a solid news story placed unless you have those compelling elements. Here’s more proof of that with numbers. A 30-minute newscast is actually 22 minutes after commercials. Add in sports and weather, and you have a heck of a lot of people trying to get their product inside of 12 minutes of air time.

So the next time you start thinking of hiring a PR firm, make sure you research the publicist or PR firm. If they start throwing out statements like the media is starving for stories – be leery.

SEC Rules – Marketing Your Fund

Posted on February 27, 2015 by Mark Macias

What impact will the new SEC rules on advertising have on investors and the overall hedge fund industry?

From an operational perspective, most hedge funds are now at a marketing disadvantage since they have not developed an online presence. An analysis of more than 3,100 funds registered with the SEC revealed that fewer than one in 20 of those funds had developed a website, according to the white paper, How to Market your Fund under the New SEC Rules.

Marketing a fund to investors is drastically different than marketing a product to the public. It requires content marketing, credibility for the fund, targeted marketing to investors, a prominent online presence and a media outreach to stand out from others.

Credibility must be established from the start before the media will even consider putting your portfolio manager on TV or quoting him as a financial expert. He may manage a $100 million portfolio, but the media is not going to take his word for it without seeing evidence of his expertise. This is why it’s so crucial for all funds to establish credibility now with a strong online presence before the new proposed SEC rules on advertising go into effect.

Hedge fund managers can read more white papers on the topic at www.MarketYourFund.com

Credibility for my Business

Posted on February 27, 2015 by Mark Macias

By Mark Macias

Credibility matters in life, but it especially matters if you are trying to get a story on the news.

Whenever a journalist is pitched a story, he will quietly and overtly measure the person’s expertise, integrity and experience in the industry. Journalists want to see proof on why this person is the best expert to add color to the industry.

This is why your business must establish credibility in the online world if you want to secure credible media placements.

If a reporter doesn’t see a solid online presence, credibility questions will be raised. This doesn’t mean you won’t succeed with a media placement, but it will be a much harder story sell to the media if you can’t show why you are an expert.

Here are a few questions to address and answer before you pursue media placements.

Q) What makes you qualified to speak on this topic?

Q) How many years of experience have you spent in the industry and why does this make you more qualified than your competitors?

Q) How big is your business in comparison to others?

Q) What part of your daily routine is spent reinforcing your expertise?

Q) What do you know as an insider that others would want to know?

Q) Does your business have a direct impact on reshaping the future?

Q) Is your business positioned as a leader in any trends?

Q) Do trade organizations recognize your business as a leader or expert?

PR Case Study on Credibility

Posted on February 27, 2015 by Mark Macias

By Mark Macias

It was all over the news. Amazon would soon start delivering products using drones to deliver products. Even established news organizations, like 60 Minutes, reported on it.

Don’t believe the hype or near-term predictions. It was all part of a flawless PR plan executed perfectly by Amazon.

The drone story wasn’t about reinventing the delivery system for Amazon. It was about Amazon creating a strong, intriguing narrative and backing it up with substance.

This makes for a great case study on credibility that you can apply to your own business. But first, a quick personal story.

Jeff Bezos understands the media intuitively, and I first learned that back in 1999 when I was a producer with NBC in Miami. I pitched a profile story on the young, unknown entrepreneur from Miami Palmetto High School. At the time, Bezos was beginning to shake up Wall Street with strong predictions on his company would revolutionize retail.

His hype worked and the stock skyrocketed.

It’s no different with PR. A strong statement usually gets covered but it first needs to have credibility.

Lesson One: Establish Credibility with PR

Every media campaign needs a credible narrative because without credibility, the media won’t cover your story. If you’re a portfolio manager for a hedge fund and you want to get on CNBC, you better have an established record. Likewise, if you’re running for City Council, you need a plan that is believable and possible or the local reporters won’t write about you.

Amazon has proven itself over the years so credibility has already been established. Did you know earlier this summer, Dominoes Pizza unveiled the same “drone delivery” platform? But guess what – you probably didn’t hear about it because Dominoes Pizza doesn’t have the credible track record of Amazon. If you’re going to make a bold claim, make sure you have the operations or history to back it up.

Lesson Two: Build Suspense

60 Minutes rarely buys into hype. They don’t need to create hype because it is an established program with the best journalists. But in the case with Amazon, if you watch the segment (click here to watch video) you will see how Amazon was able to build suspense for the drone unveiling. 60 Minutes opened their show with that unveiling to bring in viewers – proof that suspense works.

Lesson Three: Identify a Gimmick that Reinforces Your Services

The drone delivery unveiling was a brilliant strategic media move for Amazon because it reinforces its delivery service. But this isn’t about drones and Amazon changing the way books and clothes are delivered to our homes. This isn’t about customer service or delivery becoming more efficient. This was about an idea that every consumer wants to believe. It’s a page from the Jetsons.

This doesn’t mean you should create a gimmick that is not true. At its root, I’m sure Amazon and Jeff Bezos believe drones do have an opportunity to change the way products are delivered. Your gimmick should inspire but have a root of reality.

Who are the Best PR Firms

Posted on February 27, 2015 by Mark Macias

By Mark Macias

How can you find the best public relations firm for your business? What traits make for a great publicist?

I worked with a ton of publicists throughout my journalism career with NBC and CBS. Now, as the owner of a PR firm, I speak with business owners, entrepreneurs and large companies about their publicity needs. One of the major trends I’ve discerned is most people ask the wrong questions when it comes to finding the right PR firm.

If I were to hire a publicist, here are the questions I would want my publicist or PR firm to answer.

Can you give me a publicity strategy for my business?

You question reveals how the publicist thinks on his feet. A great publicist will have his or her own ideas. He will be able to explain a strategy off the top of his head because he understands how the media works and what will get traction.

How do you see my industry?

This question reveals how well the publicist understands your business. This is a valuable revelation because every publicity campaign will need to identify the unique angle that makes your business different from the competitors. If the publicist doesn’t understand why your business is different from your competitors, he will be at a great disadvantage when it comes to pitching the media stories.

Tell me about your clients and media placements you have secured?

A diverse portfolio suggests that your PR firm knows how to identify a solid news story. It takes a special talent to secure media placements in various industries and if your publicist can demonstrate that with his or her portfolio, you are likely getting an experienced publicist who will perform at the highest level.

Many business owners like to work with a PR firm that specializes in their industry. This can sometimes work against you in the world of PR because ideas quickly become stale. If a publicist has spent a lifetime solely in fashion or tech, they risk becoming complacent with their thinking or creativity.

Will I be working directly with you?

You should meet with the publicist or account executive who will be selling your story to reporters. Does he or she accurately represent your business? Whether it’s fair or not, journalists will associate your product or brand with how well your publicist presents it.

What if we don’t get along? What if I want out of the contract because you can’t deliver results?

Every PR firm hates these questions, but it’s a valid point to raise during your initial discussions. If you’re working with a publicist and the chemistry is bad or he/she doesn’t get along with you, you should be able to get a new person or get out of your account. It’s okay to have a difference of opinion with strategy, but it’s another challenge when you just don’t get along with the person. Make sure you get insurance in case this happens to you.

How long before we get to see results?

This answer can vary by the complexity of your campaign, but the PR firm should be able to give some guidance over a time frame.

What is your media experience?

Experience matters when it comes to figuring out how to frame a story or pitch it to the media. If I were hiring a publicist for my future business, I would ask him or her to sell me on their experience. This will also give you an idea of how well your publicist can sell your stories to the media.

You can read longer versions of these articles at www.prhelp.co.