Why Fear of Failure Destroys the Best PR Campaigns

              

By Mark Macias

Fear is an attitude that can never be associated with public relations. A creative media strategy requires confidence in an idea and strength with the execution.

The best publicists know they can’t be afraid of creative ideas when pitching reporters. The only thing more dangerous than fear? Complacency.

If your PR firm hasn’t succeeded recently with media outreach, it’s time to assess their level of fear. How far will they go to push your ideas and angles? Are they pushing stories that are already in the news, or are they conceptualizing new ideas that leading publications will want to follow?

Here’s a look at what separates the best PR firms from the agencies that never succeed.

Continue reading “Why Fear of Failure Destroys the Best PR Campaigns”

How to Choose a PR Agency for Series A Tech Startup

      

A PR firm is one of the most influential decisions you can make for Series A funding. The media exposure and brand awareness generated from your PR campaign will introduce your product and service to investors and consumers. Or, if your PR firm fails to generate exposure, your chances for funding dramatically decrease, especially if you fumble the message.

So what should you look for when trying to decide the best PR agency for your Series A Tech Startup?

Continue reading “How to Choose a PR Agency for Series A Tech Startup”

ROI of PR vs. Advertising – Infographic Analysis

By Mark Macias

I converse with business owners on a daily basis and the conversations inevitably lead to the various marketing strategies/trends, along with the ROI they bring. Surprisingly, there are many misconceptions of PR in the business community, including you can’t quantitatively measure the ROI of PR.

Our team put together this infographic that compares the ROI of two of the most popular marketing strategies: PR and Advertising. Everything is sourced for your own analysis.

PR VS Advertising - An ROI Comparison of Marketing Strategies

Mark Macias is a former Executive Producer with NBC and Senior Producer with CBS in New York. He’s also a weekly contributor with CNBC.com and author of the communications book, Beat the Press: Your Guide to Managing the Media, which has been featured in the NY Times, Fox Business, NY Post and others. Macias consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR.

Media Campaign vs. Story Placement

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By Mark Macias

I frequently meet with tech startups who ask me, “why can’t I do PR on my own?” Many of these smart entrepreneurs tell me they already have great contacts in the media, so why should they hire a PR firm?

Many people wrongly believe securing a story in the news or on TV has everything to do with who you know. Yes – a contact will help but it’s more like an assist. It’s not a slam dunk. I’ve written about that misconception extensively in the past, so I won’t go in-depth here, but there is another PR lesson that the picture (above) better explains. During my time as an Executive Producer with NBC, many publicists tried to woo me with drinks or dinner, thinking it would lead to a story on TV. You can be married to the Executive Producer, but if you don’t have a strong narrative or interesting story to tell, your startup or business won’t get publicity.

I’m not a gemologist, but I know a rock doesn’t transform on its own into a beautiful diamond. It takes time, precision, perfect cuts and polishing to present the diamond in a way that we expect. It’s no different with a story idea – or for that matter – contacts. It doesn’t turn on its own into publicity. It takes the refining of an idea that develops it into a news story. It also takes a craft to develop the pitch in a way that gets reporters’ attention. That requires proper execution. You can write the best media pitch, but if you send it to the wrong reporter, you will fail. It gets even more complicated when you are actually designing and executing a full-scale media campaign.

So if you’re considering doing PR on your own, I will tell you, of course you can do it. The better question to ask is how long will it take to succeed and how many hours will it require?

Macias PR was named the 2015 top “PR Consultant Firm of the Year – USA” by Finance Monthly. The firm was founded by Mark Macias – a former Executive Producer with NBC and Senior Producer with CBS in New York. Macias is a weekly contributor with CNBC.com and author of the communications book, Beat the Press: Your Guide to Managing the Media, which has been featured in the NY Times, Fox Business, NY Post and others. Macias PR has run media campaigns for tech startups, financial groups, service providers, nonprofits and politicians.

B2B PR Campaigns – Insight on the B2B Sector

pr for b2b sectors how it worksBy Mark Macias

It’s great to get a major story placed with the New York Times or Good Morning America regardless of industry, but sometimes smaller is better, especially in the world of B2B PR.

I meet with a lot of potential hedge fund PR clients who ask me how PR can help their funds reach potential institutional investors. They tell me they don’t see the value in PR when it comes to reaching their targeted audience.

I usually ask them if they read the Wall Street Journal in the morning or watch Squawk Box while they’re getting ready for work. It’s no different for the money managers running the major institutional funds. They read the Wall Street Journal while Bloomberg or CNBC air in their office because they know the smallest of news can impact their portfolios.

But PR in the B2B space can be even more effective than those targeted placements.

Every industry has a trade publication that keeps the industry players on top of the major trends. When I was an Executive Producer with NBC in New York and Senior Producer with CBS in New York, the executives who ran our TV programming read Broadcasting & Cable Magazine to hear about the latest syndication deals or profiles on the latest leaders. If your business was trying to sell newsroom software, that is the place to reach those decision makers.

It’s no different from other industries – tech, private equity, cyber security, accounting, engineering or even just a retailer selling to other retailers. The trades can be a more efficient, targeted and faster way to reach the decision makers.

And if you still aren’t sure how a B2B PR campaign could work in your industry, ask yourself what you read every day. The photo above this story gives you a better idea how broad a B2B campaign can be in the world of just one industry.

Macias PR was named the 2015 top “PR Consultant Firm of the Year – USA” by Finance Monthly. The firm was founded by Mark Macias – a former Executive Producer with NBC and Senior Producer with CBS in New York. Macias is a weekly contributor with CNBC.com and author of the communications book, Beat the Press: Your Guide to Managing the Media, which has been featured in the NY Times, Fox Business, NY Post and others. Macias PR has run media campaigns for tech startups, financial groups, service providers, nonprofits and politicians.

Your Image with Crisis PR

By Mark Macias

It’s not what you say, but you do that is remembered by others, yet surprisingly few people remember this during a crisis situation.

Sociology studies show body language makes up 55 percent of our communications and when it’s replayed on TV, it becomes even more pronounced.

The former Governor of Illinois, Rod Blagojevich, seemed to forget this during his crisis that forced him out of office.

For those who don’t remember, he was accused of trying to sell President Barack Obama’s old US Senate seat.

But the crisis visual got worse when the cameras were rolling and decided to go for a job, knowing full-well that the media wanted to ask him questions.

He put on his running shoes, left his home, and a throng of reporters pursued him while he ran away from them. He apparently didn’t think ahead into what this image would say to viewers watching the news.

Television needs a visual to support the story, otherwise it’s just radio.

TV reporters always new video to advance the day’s story.

Blagojevich gave reporters their new visual that kept him in the news cycle. In addition, he gave TV reporters video they could write to.

If you are ever ambushed by a reporter, don’t run from the camera or put your hand in front of it. That will only make you look guilty.

Instead, be polite the reporter and explain why you will speak with the reporter if he or she takes the time to call your office.

As a former investigative producer with American Journal, CBS and NBC, I can tell you reporters love the ambush interview because it makes for great TV. Viewers stay tuned when they see a clip showing a person running from the camera – and believe it or not, they like it when you push their camera away.

So next time you are in a crisis mode, don’t let your image take a back seat to kindness. The camera will thank you for it.

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.

Find Your PR Gimmick for Publicity

By Mark Macias

Everyone needs a gimmick when it comes to PR and it’s no different than living in New York City.

As any New Yorker will tell you, if you want to stand out at a cocktail party, you need material to push you above the crowd. Some call that personality; others call it charisma. I like to call it a gimmick.

It’s no different when branding a product, business, or service with the media. You need to discover what your gimmick is if you want the media to take notice.

Now before the critics start breaking down that statement with comments like, “That is shallow,” or “Execution beats style,” –  I agree with you.

But let’s take off that analytical cap for a sec and discuss this idea not in black and white terms, but in gray terms – which is where publicity lives.

Many entrepreneurs rightly assume that “gimmick” implies a form of forgery or scheme of deception. Think of it as a way to distinguish your business from the crowd.

There are hundreds of public relations firms in the U.S., so my PR firm, Macias PR, needs to stand out from the packed field.

What’s my gimmick?

I am a former journalist who understands intuitively and intimately how the media works. I’ve been inside (and run) those morning news meetings where stories are approved and killed.

I know what it takes to get a story on the news.

That is what separates me from other publicists.

It’s no different for your business. If you can’t identify your gimmick, then you are in trouble, because consumers have no reason to buy your product.

What was President Obama’s “gimmick” when he ran against Sen. John McCain? Barack Obama was the man with hope. I’m sure Mr. Obama believed it, but that was, in essence, a gimmick.

So if you are starting a business (and it doesn’t matter what you are selling), you’d better discover your gimmick before the doors are opened. If you need to brainstorm on a future gimmick, ask yourself what you can do to stand out from the crowd. Sure, it’s a simple question, but most lawyers, accountants, and medical doctors don’t acknowledge that question on day one.

Perhaps that is because they are choosing to use their left brain over their right brain.

Now that I think about it, these are probably the same people who are arguing that a “gimmick” is shallow and will never work.

Mark Macias is a former Executive Producer with WNBC, Senior Producer with WCBS and Special Projects Producer with NBC. 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.

 

The Biggest PR Mistake

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

 

 

 

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