Publicity on a Limited Budget

By Mark Macias

It is possible to run an effective publicity campaign on a limited budget. The PR firms Edelman or Rubenstein might bring your company reassurance with their large staff and beautiful buildings, there are affordable alternatives that can deliver the same results.

Potential clients always ask me how much we charge for a PR campaign. I like to use the accountant example. You and I may use the same accountant but our costs are likely going to be different based on our needs. It’s the same with public relations.

Your needs actually influence the scope of the media campaign. Do you want a local or national publicity campaign? Is it B2B or B2C? Are you in a niche field or does your narrative have a broad appeal? All of these questions factor into the complexity and cost of a media campaign.

But if you’re a small start-up or nonprofit, you can run an effective PR campaign by narrowing down your targeted news outlets. My PR agency has been running a social media campaign for a small East Village restaurant for several years, which was much different than the state-wide US Senate campaign we ran for another client.

Every client wants national exposure, but if you want to run a cost-effective PR campaign on a limited budget, you need to prioritize. In the world of PR, time equals money.

So don’t assume just because you have a small budget that you don’t have a PR budget. If you can afford Facebook ads, you can probably afford a targeted publicity campaign that reaches reporters.

The global PR firms might shy away from your small budget, but if your expectations are in check, you can use the media to reach customers.

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.

 

 

How to Measure PR ROI

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

Get My Business on the Local News

By Mark Macias

How do you get your business on the local news? Would you like to publicize a local event with the local newspaper? It’s a much different approach than trying to get your business on the national news.

Local newsrooms operate differently than national newsrooms like CBS and NBC. Likewise, local news markets approach the approval process differently based on the city or region of the country. For example, a local story in Miami will be covered differently than a similar local story in Phoenix or New York.

As a reporter and news producer who worked in Phoenix and Miami, I recommend putting your thoughts in a concise email first. By putting your thoughts in writing, you will have a more concise and focused story idea. Once you put your thoughts on paper, pick up the phone and call. I say put your thoughts on paper before you call because most people ramble on when they get a reporter or producer on the phone. They lose their focus and as a result, lose their one opportunity at publicity.

It should be common sense, but don’t call as the newscast is about to start – or in the middle of it. However, here’s a media insider tip: call as the newscast is ending. This is when the desk and producers are unwinding, waiting for time to pass so they can go home. It is also when they will be most receptive to your story pitch.

And if you’re in a large TV market like Los Angeles or New York, consider targeting the smaller news outlets.

In New York, there are several smaller cable news outlets that operate like smaller TV markets – News 12 and NY1. Just remember, you only get one shot to pitch your story, so make sure you have that story angle down.

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

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.

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

 

International PR Campaign

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.

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

Get My Story on the News

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.

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

Crisis Communications – Protecting your Brand

By Mark Macias

It was just a little over a decade ago when newspapers wrote what they wanted and TV stations didn’t fear advertisers. The news organizations were cash cows for their influence with consumers, and the community had little alternatives for news sources.

But those days are gone. The New York Daily News – one of NYC’s largest newspaper – is up sale this week even though it is losing a reported $20 million dollars a year. Even its long-time publisher, Mort Zuckerman, is giving up on the news industry.

While this is extremely bad for journalism and democracy (and it concerns me), this weakened news-state can work to your advantage as a business owner. But first, you must understand how the editorial and legal process works inside of the newsrooms.

A story with any legal ramifications doesn’t just appear on television or in the newspapers. Depending on the complexity and litigious risk of the topic, it must go through a rigorous script-approval process that reaches editors and lawyers for the corporation. The more hands that are involved with a script-approval process, the better odds you have of influencing the story’s coverage.

And don’t assume the media doesn’t care about your business or background, especially if you are the center star for an investigative report. Large media organizations, like NBC, CBS, the New York Post, do fear litigation if you have the ability to sue or ignite any underground campaign against the news agency.

Adding more scandal to editorial decision-making, the rumor inside most newsrooms is that the legal team gets a bonus if their news organization is not sued during the year. If that allegation is true, you can bet many people inside of the news organization have an invested interest in making sure you are not slandered.

So the next time you are on the negative end of a story, just remember, you do have an opportunity to give your side of the story. While the power of the ink is still with the media, businesses or people with money will grow in clout if they threaten to fight back from any negative news story.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the crisis 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

Most Common Publicist Mistakes

By Mark Macias

I was going through my emails this morning and found an old story I wrote while I was a Senior Producer with CBS in New York.

A global PR agency had asked me to write an article for their employee newsletter, giving their publicists some tips on how to write a better media pitch. I reread the story and decided to repost this for business owners and entrepreneurs trying to get their stories told on the news.

Common Mistakes Made by Publicists

Every morning when I log onto my computer, I have about 100 new emails from publicists trying to get their client on the next local newscast. I want to read every email closely, but in an era of shorter staffing and larger workloads it is physically impossible to read every single pitch word-for-word. Unfortunately, I know I may be missing some good story ideas, which is bad for everyone. Viewers won’t get to see the next great product and I won’t get to pitch the next great idea.

This is why it is so important to clarify and focus your pitch off before you hit send. Publicists have only seconds to make a lasting impression with the media, and if your email doesn’t catch the eye, there is zero chance of getting on the newscast.

There is no official “right” or “wrong” way to draft a press release but there are definitely “dos” and “don’ts” that will either increase or decrease your chances of getting a reporter’s attention. Here are a few of the biggest mistakes I see publicists make with their press releases time and time again.

Publicists try to cram everything into one press release.

A press release has a purpose. It is to alert the media to your story idea, not a time to make the hard sell. Your press release should not encompass every single fact and angle for the story and it should never be more than one page. (Think white is good). The release is merely the first step towards getting you on the newscast or in the local papers. Many publicists make the mistake of trying to cram everything into one page, causing the release to lose focus or clarity. Instead, write your release so it sounds more intriguing. Look for interesting angles, ways to tease your story and pique the reporter or producer’s interest. If the journalist finds your story interesting, trust me, he or she will follow-up with you and ask you about the facts you left out of the initial release.

Publicists pitch evergreen story ideas.

It’s hard to fathom how so many people pitching the media forget the basics of news. People watch the news and read the newspapers because they want to find out what is “new” that day. It’s a simple formula: news is new minus the S, yet surprisingly many publicists seem to forget this in their pitches.

This is why you should never send a news release that sounds like it could have been written a year ago. I frequently get the same email pitches from publicists that they pitched me several months earlier. They probably assumed I wouldn’t remember it or perhaps they think I didn’t read their release the first time. No, I didn’t pitch their story the first time because it wasn’t new.

Laser hair removal is not new no matter how you try to spin it. However, the fiscal stimulus plan is new and a good publicist will find a way to link their salon to the new fiscal stimulus plan. In late February, I read an article about a salon in Springfield, Illinois that was offering its own stimulus plan for people who lost their job. The reporter wrote about how the salon was offering free haircuts to people who were about to go in for a job interview. They only had to tell the receptionist that they were in for the “stimulus haircut.” The article also profiled the salon’s new royalty rewards program, which essentially offered 25 percent off a haircut over the course of the program. This article was a great public relations coup that raised the salon’s profile in the community. And, it was a timely piece of work that could travel anywhere (in other words copied by other publicists in other cities). Finding a timely article isn’t as difficult as it sounds. It’s actually quite easy once you learn how to learn to follow the news cycle.

Publicists don’t personalize their pitch.

It’s okay to pitch the same story idea to different news outlets, in fact, I encourage it. You never want to limit your success to one person, and the more people who read your news release, the better chance you have of getting it read. However, I am not a fan of massive email blasts. It’s just another form of spam and it usually ends up getting automatically filtered into my outlook junk mail box without me even knowing it.

You don’t have to rewrite the release, but you should add a one-liner at the top of the email, telling the producer or reporter why this is a good story idea for him or her. Also, take the time to research the right reporter or producer. If you’re pitching a consumer story idea or anything that involves money, send it to the consumer reporter or producer. If you’re pitching a story on a restaurant, pitch it to the food critic or the lifestyle reporter. To me, that’s common sense, but surprisingly I frequently get pitches for sports and entertainment.

As a special projects producer, I suspect my profile in the various media databases details my broad background in consumer, entertainment, medical, lifestyle, investigative, etc. I still always forward good story ideas to the proper person, but a publicist could increase his chances for success by pitching the consumer idea directly to the consumer producer. Finding the right person is not that time consuming and you don’t even need to be subscribed to expensive database lists. Sometimes it’s as simple as looking at the company’s website or calling the news desk and asking for a name.

I understand how difficult it is to get the media’s attention. I’ve called some of my own friends in the media and I don’t even get a call back. It’s nothing personal. If you call a reporter or producer and they ask you to email them a press release or they don’t return a voicemail, it’s probably because they want you to focus the idea rather than ramble on about why you have just discovered the next great idea.

I do believe there is a home for every story idea and it’s just a matter of discovering where that outlet is. So don’t get discouraged if no one is biting on your story idea. Perhaps, you need to go back to the drawing board and find a more timely angle. Or maybe, you need to reformat that press release so it doesn’t look so cluttered. By following the above rules, you may not get on the news that day, but you will definitely improve your chances of getting your product, service, business or client on the news.

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

 

 

SEC Rules – Marketing Your Fund

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

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

Credibility for my Business

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?

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