October 06, 2016
/ by Gini Dietrich
It’s not news that social media has taken the business world by storm, changing the way consumers research their purchases and creating an unprecedented opportunity for brands to build one-to-one relationships with their brand’s biggest fans.
The data brands have collected from these interactions has allowed marketers to fine-tune their marketing tactics, and how they talk to their customers.
Although some PR professionals have seized the opportunity to evolve their public relations strategies, far too many have stayed complacent, keeping their heads down and focusing on media relations and other traditional tactics that have served them well throughout the years.
But here’s the thing: Marketing budgets are increasingly shifting to focus on content marketing and other efforts that can show a concrete return-on-investment. Although your executives may get excited when an acquaintance at the gym compliments them on their local business journal profile, they’re going to get a lot more excited when you can show them your PR efforts generated revenue for your organization.
For those of you who just rolled your eyes at the idea of PR being able to show a return-on-investment, let me introduce you to the PESO model, which is what makes this possible.
The PESO model takes the four media types—paid, earned, shared and owned—and merges them together.
I developed the PESO model in 2014 as a way to highlight the evolution of the work PR practitioners do, and show the interconnection and dependence of the communications activity necessary for a successful digital communications program.
It’s incredibly difficult to measure a direct return-on-investment from most traditional media relations efforts. By implementing the PESO model, and expanding your focus to include creating content on web properties you control, you are able to build in measurement (and thus, tracking your results) into everything you do—including media relations.
When you create valuable content resources your customers find to be interesting and informational, you will be able to build the relationships—and search engine results—that can drive revenue for your organization.
With traditional media relations efforts, you’re lucky to get a link back to your company website’s home page. But when you’ve pitched a journalist on a topic that you have strong, non-promotional content to support, you’re able to earn links directly to that content, which, in turn, allows you to start tracking the influence your PR efforts have on your lead funnel.
I understand this can seem like a daunting premise, especially in matrixed organizations wherein paid, earned, shared, and owned media have separate budget owners and priorities. But I’ve seen the model work in a number of organizations, that are now seeing real revenue results from their PR programs.
This takes PR out of the nice-to-have marketing category that’s first on the budget chopping block, into an integral part of your business growth strategy.
During the next few months (assuming Cision will have me back! Editor’s Note: Definitely!), I’ll be sharing examples here of how the PESO model can drive real business results, and transform your public relations programs.
The Earned Media Domino Effect
In today’s multiplatform media landscape, optimizing your earned media outreach can lead to a domino effect with one media mention triggering more media coverage down the line. Download Cision’s white paper The Earned Media Domino Effect and learn how to coordinate content that drives conversations across channels.
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