MARKETING

Should You Pay a PR Firm? [+PR Tactics You Can Manage In-House]

Published

2 years ago

July 15, 2022

It’s a question almost every fast-growing company runs into: should we hire a PR firm or build an in-house team? And if you wrestle with this question long enough, it quickly spirals into an endless back-and-forth (“on the other hand…“).

The truth is, depending on your specific goals, resources, and budget, one path may make more sense than the other. We’ve rounded up some helpful advice from PR pros at HubSpot to help you make the right call.

Let’s dive into the key benefits and drawbacks of hiring an agency, explore how to make the right decision for your business, and cover five PR tasks you can manage in-house.

Reasons to Hire a PR Firm

1. You know what you want.

Hiring a firm without knowing what you want is like driving to a new destination without a map. Chances are, you’ll get lost — quickly.

“Hiring a PR firm can be a significant investment, so before doing so, you need to be clear about your goals and what you’re hoping to achieve through PR,” advises Ellie Flanagan, Manager of Product & Corporate Communications at HubSpot.

Your goals are your compass. They influence your budget, timeline, and even the tactics you want to employ. Just as importantly, they give you a clear picture of what you need from an agency.

2. You’re ready to “feed the PR machine.”

PR is not a “set it and forget it” activity — even if you hire an agency to do the heavy lifting.

Mia MacKinnon, Head of Brand & Public Relations, APAC at HubSpot, echos this point, telling me, “If, as a founder or business leader, you don’t have capacity to invest in supporting your agency or in-house lead with developing and approving narratives, supporting launches, prepping for media interactions and events and being available for speaking opportunities, it’s going to be tough to see results.”

She continues, “If an agency’s drip-fed information, with little visibility of your business strategy and the challenges you’re facing, they’re going to have an incredibly tough time delivering results. You get out what you put in with public relations and my best agency partners have been ones where the team we’ve worked with have become an extension of our in-house team.”

In other words, you play a huge role in setting up your agency for success. If you treat your agency like a true partnership, you’re more likely to see great results.

3. You want to extend your media reach.

When you hire a PR firm, you not only access new ideas, perspectives, and expertise — you also work with people who have relationships with key contacts in the media. And when it comes to media outreach, you’re only as strong as your relationships.

Flanagan adds, “Building relationships with reporters is a core component of successful PR. If you do decide to go the agency route, it’s important that they have a day-to-day contact at your company that can bring them information and help them connect to internal stakeholders.”

That said, your budget may get in the way here. If that’s the case, fear not. Flanagan advises: “If you have a limited budget, hiring an in-house PR person to focus on relationship building can be a better investment. In-house teams also have better access to internal resources and spokespeople.”

4. You need specialized knowledge.

They say all press is good press — but that’s up for debate. Regardless, when a crisis situation comes a-knocking, most small businesses and start-ups are not equipped to handle it. Even negative feedback and disgruntled customers can impact a brand’s reputation and image.

All this to say, if your business needs crisis communication — or any specialized PR knowledge — it’s better to leave it to the pros. PR firms are more experienced and specially trained to handle (and prevent) these types of situations.

Now let’s explore some red flags you should consider before moving to the next step.

Reasons Why You Might Not Need a PR Firm

1. Your in-house team is closer to the information.

Your in-house team only has one client: you. Meaning they can give their complete and undivided attention, whereas an agency has to spread its time across multiple clients.

As Flanagan tells me, “In-house teams also have better access to internal resources and spokespeople.”

Whereas you need to educate an outside agency about the ins and outs of your business — and monitor their work for accuracy — your in-house team already has a strong grasp of internal company knowledge.

Additionally, with tools like HubSpot’s Marketing Hub and Hootsuite, working on PR-related tasks — like sending promotional emails and social monitoring — has never been easier.

2. You haven’t found a good fit with an agency.

When hiring an agency, never underestimate the importance of finding a good fit.

MacKinnon tells me, “There are many moving parts to finding the right agency — industry specialization, B2B versus consumer, agency size and how they structure their teams, how flexible an agency is, their model — are they pure media relations, or are they more integrated, and which of the two do you need?”

For small businesses that are new to the PR game, MacKinnon suggests looking for agencies that offer flexibility:

“Agencies who have a flexible model and can adapt to suit your businesses needs are often where smaller businesses find a great fit — until you have a set model of working, it’s important that the agency can flex to align with you — this might be a big launch one month, and a quiet period the next, as you prepare for your next campaign.”

Additionally, reputation is paramount in the PR world. Don’t hesitate to ask around for recommendations from others.

MacKinnon explains, “Exceptional agencies tend to be known and talked about — ask for recommendations from businesses whose public relations campaigns you admire, from businesses in an industry similar to yours, or who face similar challenges when it comes to awareness, perception and trust.”

3. You’re looking for a quick fix.

PR isn’t a “quick fix.” The PR seeds you plant today need time to grow, especially considering the nature of public relations is all about building real relationships. As a result, the relationship you have with your agency should feel like a true partnership — not a short-term investment.

If all that sounds daunting, the agency route may not be the answer.

MacKinnon echos this, saying: “One of the biggest learnings I’ve had in my career working in-house, and something I share with my team, is that once you find your agency, you have a huge role to play in setting you both up for success, and that’s to treat them like a true partner.”

5 PR Tasks Your In-House Team Can Manage

1. Press releases.

In today’s world, businesses have to generate their own buzz. Whether sharing a new product drop, an upcoming event, or changes in your organizational structure, a well-written press release can get the word out about your business. Check out this helpful guide on how to write a press release that stands out from the crowd.

2. Social media communications.

What people say about your business on social media can impact your overall reputation. Every in-house team should have their “ear to the ground” monitoring these conversations.

Social listening tools — like HubSpot’s Social Media Management Software, Sprout Social, and Buffer — track mentions of your brand, relevant keywords, and direct feedback through hashtags and DMs. Additionally, many of these tools will allow you to respond to mentions on your social media accounts directly from the dashboard.

3. Blog writing.

Community outreach is a pillar of public relations. A great way to engage with an audience is through owned channels, like a company blog. When it comes to developing a well-rounded blogging strategy, your in-house team may need to divide and conquer — one person creates an editorial calendar, another person looks for guest contributors, while another person writes blog content.

4. Promotional emails.

Thanks to tools like HubSpot’s Marketing Hub, Mailchimp, and Constant Contact, it’s easier than ever to manage, design, and send emails to customers. However, in order to send emails, you first need people to send them to. Therefore, building a healthy email list — and making it easy to opt in — should be a long-standing focus for your in-house team.

5. Employee communications.

Employee communications, also known as internal communications, has quickly become a major focus in PR. After all, employees can be a company’s harshest critics or most passionate advocates.

Employee communications involve sharing info through various channels, like email or an internal forum. In-house PR teams can share company news, project updates, and more. When employees feel “in the loop,” they’re more engaged, connected, and empowered at work.

Back To You

Ultimately, no one knows your business — and its needs — better than you. If you’re deciding whether to hire a PR firm or not, start with the advice in this article. And remember, as long as you factor PR in your business strategy to some capacity, you’re already headed in the right direction.

Related Topics:Firm InHouse manage Pay Tactics

Up Next

MarTech Replacement Survey: Who are the champions?

Don't Miss

5 Questions to Ask Yourself Before Launching a Digital Advocacy Campaign

Click to comment

You must be logged in to post a comment Login

MARKETING

Tinuiti Marketing Analytics Recognized by Forrester

Published

8 hours ago

April 19, 2024

Entireweb News Bot

Tinuiti Marketing Analytics Recognized by Forrester

News

By Tinuiti Team

Apr 16 2024

Rapid Media Mix Modeling and Proprietary Tech Transform Brand Performance

Tinuiti, the largest independent full-funnel performance marketing agency, has been included in a recent Forrester Research report titled, “The Marketing Analytics Landscape, Q2 2024.” This report comprehensively overviews marketing analytics markets, use cases, and capabilities. B2C marketing leaders can use this research by Principal Analyst Tina Moffett to understand the intersection of marketing analytics capabilities and use cases to determine the vendor or service provider best positioned for their analytics and insights needs. Moffett describes the top marketing analytics markets as advertising agencies, marketing dashboards and business intelligence tools, marketing measurement and optimization platforms and service providers, and media analytics tools.

As an advertising agency, we believe Tinuiti is uniquely positioned to manage advertising campaigns for brands including buying, targeting, and measurement. Our proprietary measurement technology, Bliss Point by Tinuiti, allows us to measure the optimal level of investment to maximize impact and efficiency. According to the Forrester report, “only 30% of B2C marketing decision-makers say their organization uses marketing or media mix modeling (MMM),” so having a partner that knows, embraces, and utilizes MMM is important. As Tina astutely explains, data-driven agencies have amplified their marketing analytics competencies with data science expertise; and proprietary tools; and tailored their marketing analytics techniques based on industry, business, and data challenges.

Our Rapid Media Mix Modeling sets a new standard in the market with its exceptional speed, precision, and transparency. Our patented tech includes Rapid Media Mix Modeling, Always-on Incrementality, Brand Equity, Creative Insights, and Forecasting – it will get you to your Marketing Bliss Point in each channel, across your entire media mix, and your overall brand performance.

As a marketing leader you may ask yourself:

How much of our marketing budget should we allocate to driving store traffic versus e-commerce traffic?
How should we allocate our budget by channel to generate the most traffic and revenue possible?
How many customers did we acquire in a specific region with our media spend?
What is the impact of seasonality on our media mix?
How should we adjust our budget accordingly?
What is the optimal marketing channel mix to maximize brand awareness?

These are just a few of the questions that Bliss Point by Tinuiti can help you answer.

Learn more about our customer-obsessed, product-enabled, and fully integrated approach and how we’ve helped fuel full-funnel outcomes for the world’s most digital-forward brands like Poppi & Toms.

The Landscape report is available online to Forrester customers or for purchase here.

MARKETING

Ecommerce evolution: Blurring the lines between B2B and B2C

Published

1 day ago

April 18, 2024

Entireweb News Bot

Ecommerce evolution: Blurring the lines between B2B and B2C

Understanding convergence

B2B and B2C ecommerce are two distinct models of online selling. B2B ecommerce is between businesses, such as wholesalers, distributors, and manufacturers. B2C ecommerce refers to transactions between businesses like retailers and consumer brands, directly to individual shoppers.

However, in recent years, the boundaries between these two models have started to fade. This is known as the convergence between B2B and B2C ecommerce and how they are becoming more similar and integrated.

Source: White Paper: The evolution of the B2B Consumer Buyer (ClientPoint, Jan 2024)

What’s driving this change?

Ever increasing customer expectations

Customers today expect the same level of convenience, speed, and personalization in their B2B transactions as they do in their B2C interactions. B2B buyers are increasingly influenced by their B2C experiences. They want research, compare, and purchase products online, seamlessly transitioning between devices and channels. They also prefer to research and purchase online, using multiple devices and channels.

Forrester, 68% of buyers prefer to research on their own, online . Customers today expect the same level of convenience, speed, and personalization in their B2B transactions as they do in their B2C interactions. B2B buyers are increasingly influenced by their B2C experiences. They want research, compare, and purchase products online, seamlessly transitioning between devices and channels. They also prefer to research and purchase online, using multiple devices and channels

Technology and omnichannel strategies

Technology enables B2B and B2C ecommerce platforms to offer more features and functionalities, such as mobile optimization, chatbots, AI, and augmented reality. Omnichannel strategies allow B2B and B2C ecommerce businesses to provide a seamless and consistent customer experience across different touchpoints, such as websites, social media, email, and physical stores.

However, with every great leap forward comes its own set of challenges. The convergence of B2B and B2C markets means increased competition. Businesses now not only have to compete with their traditional rivals, but also with new entrants and disruptors from different sectors. For example, Amazon Business, a B2B ecommerce platform, has become a major threat to many B2B ecommerce businesses, as it offers a wide range of products, low prices, and fast delivery

“Amazon Business has proven that B2B ecommerce can leverage popular B2C-like functionality” argues Joe Albrecht, CEO / Managing Partner, Xngage. . With features like Subscribe-and-Save (auto-replenishment), one-click buying, and curated assortments by job role or work location, they make it easy for B2B buyers to go to their website and never leave. Plus, with exceptional customer service and promotional incentives like Amazon Business Prime Days, they have created a reinforcing loyalty loop.

And yet, according to Barron’s, Amazon Business is only expected to capture 1.5% of the $5.7 Trillion addressable business market by 2025. If other B2B companies can truly become digital-first organizations, they can compete and win in this fragmented space, too.”

If other B2B companies can truly become digital-first organizations, they can also compete and win in this fragmented space

Joe Albrecht
CEO/Managing Partner, XNGAGE

Increasing complexity

Another challenge is the increased complexity and cost of managing a converging ecommerce business. Businesses have to deal with different customer segments, requirements, and expectations, which may require different strategies, processes, and systems. For instance, B2B ecommerce businesses may have to handle more complex transactions, such as bulk orders, contract negotiations, and invoicing, while B2C ecommerce businesses may have to handle more customer service, returns, and loyalty programs. Moreover, B2B and B2C ecommerce businesses must invest in technology and infrastructure to support their convergence efforts, which may increase their operational and maintenance costs.

How to win

Here are a few ways companies can get ahead of the game:

Adopt B2C-like features in B2B platforms

User-friendly design, easy navigation, product reviews, personalization, recommendations, and ratings can help B2B ecommerce businesses to attract and retain more customers, as well as to increase their conversion and retention rates.

According to McKinsey, ecommerce businesses that offer B2C-like features like personalization can increase their revenues by 15% and reduce their costs by 20%. You can do this through personalization of your website with tools like Product Recommendations that help suggest related products to increase sales.

Focus on personalization and customer experience

B2B and B2C ecommerce businesses need to understand their customers’ needs, preferences, and behaviors, and tailor their offerings and interactions accordingly. Personalization and customer experience can help B2B and B2C ecommerce businesses to increase customer satisfaction, loyalty, and advocacy, as well as to improve their brand reputation and competitive advantage. According to a Salesforce report, 88% of customers say that the experience a company provides is as important as its products or services.

Market based on customer insights

Data and analytics can help B2B and B2C ecommerce businesses to gain insights into their customers, markets, competitors, and performance, and to optimize their strategies and operations accordingly. Data and analytics can also help B2B and B2C ecommerce businesses to identify new opportunities, trends, and innovations, and to anticipate and respond to customer needs and expectations. According to McKinsey, data-driven organizations are 23 times more likely to acquire customers, six times more likely to retain customers, and 19 times more likely to be profitable.

What’s next?

The convergence of B2B and B2C ecommerce is not a temporary phenomenon, but a long-term trend that will continue to shape the future of ecommerce. According to Statista, the global B2B ecommerce market is expected to reach $20.9 trillion by 2027, surpassing the B2C ecommerce market, which is expected to reach $10.5 trillion by 2027. Moreover, the report predicts that the convergence of B2B and B2C ecommerce will create new business models, such as B2B2C, B2A (business to anyone), and C2B (consumer to business).

Therefore, B2B and B2C ecommerce businesses need to prepare for the converging ecommerce landscape and take advantage of the opportunities and challenges it presents. Here are some recommendations for B2B and B2C ecommerce businesses to navigate the converging landscape:

Conduct a thorough analysis of your customers, competitors, and market, and identify the gaps and opportunities for convergence.
Develop a clear vision and strategy for convergence, and align your goals, objectives, and metrics with it.
Invest in technology and infrastructure that can support your convergence efforts, such as cloud, mobile, AI, and omnichannel platforms.
Implement B2C-like features in your B2B platforms, and vice versa, to enhance your customer experience and satisfaction.
Personalize your offerings and interactions with your customers, and provide them with relevant and valuable content and solutions.
Leverage data and analytics to optimize your performance and decision making, and to innovate and differentiate your business.
Collaborate and partner with other B2B and B2C ecommerce businesses, as well as with other stakeholders, such as suppliers, distributors, and customers, to create value and synergy.
Monitor and evaluate your convergence efforts, and adapt and improve them as needed.

By following these recommendations, B2B and B2C ecommerce businesses can bridge the gap between their models and create a more integrated and seamless ecommerce experience for their customers and themselves.

MARKETING

Streamlining Processes for Increased Efficiency and Results

Published

2 days ago

April 18, 2024

Entireweb News Bot

Streamlining Processes for Increased Efficiency and Results

How can businesses succeed nowadays when technology rules? With competition getting tougher and customers changing their preferences often, it’s a challenge. But using marketing automation can help make things easier and get better results. And in the future, it’s going to be even more important for all kinds of businesses.

So, let’s discuss how businesses can leverage marketing automation to stay ahead and thrive.

Benefits of automation marketing automation to boost your efforts

First, let’s explore the benefits of marketing automation to supercharge your efforts:

Marketing automation simplifies repetitive tasks, saving time and effort.

With automated workflows, processes become more efficient, leading to better productivity. For instance, automation not only streamlines tasks like email campaigns but also optimizes website speed, ensuring a seamless user experience. A faster website not only enhances customer satisfaction but also positively impacts search engine rankings, driving more organic traffic and ultimately boosting conversions.

Automation allows for precise targeting, reaching the right audience with personalized messages.

With automated workflows, processes become more efficient, leading to better productivity. A great example of automated workflow is Pipedrive & WhatsApp Integration in which an automated welcome message pops up on their WhatsApp

within seconds once a potential customer expresses interest in your business.

Increases ROI

By optimizing campaigns and reducing manual labor, automation can significantly improve return on investment.

Leveraging automation enables businesses to scale their marketing efforts effectively, driving growth and success. Additionally, incorporating lead scoring into automated marketing processes can streamline the identification of high-potential prospects, further optimizing resource allocation and maximizing conversion rates.

Harnessing the power of marketing automation can revolutionize your marketing strategy, leading to increased efficiency, higher returns, and sustainable growth in today’s competitive market. So, why wait? Start automating your marketing efforts today and propel your business to new heights, moreover if you have just learned ways on how to create an online business

How marketing automation can simplify operations and increase efficiency

Understanding the Change

Marketing automation has evolved significantly over time, from basic email marketing campaigns to sophisticated platforms that can manage entire marketing strategies. This progress has been fueled by advances in technology, particularly artificial intelligence (AI) and machine learning, making automation smarter and more adaptable.

One of the main reasons for this shift is the vast amount of data available to marketers today. From understanding customer demographics to analyzing behavior, the sheer volume of data is staggering. Marketing automation platforms use this data to create highly personalized and targeted campaigns, allowing businesses to connect with their audience on a deeper level.

The Emergence of AI-Powered Automation

In the future, AI-powered automation will play an even bigger role in marketing strategies. AI algorithms can analyze huge amounts of data in real-time, helping marketers identify trends, predict consumer behavior, and optimize campaigns as they go. This agility and responsiveness are crucial in today’s fast-moving digital world, where opportunities come and go in the blink of an eye. For example, we’re witnessing the rise of AI-based tools from AI website builders, to AI logo generators and even more, showing that we’re competing with time and efficiency.

Combining AI-powered automation with WordPress management services streamlines marketing efforts, enabling quick adaptation to changing trends and efficient management of online presence.

Moreover, AI can take care of routine tasks like content creation, scheduling, and testing, giving marketers more time to focus on strategic activities. By automating these repetitive tasks, businesses can work more efficiently, leading to better outcomes. AI can create social media ads tailored to specific demographics and preferences, ensuring that the content resonates with the target audience. With the help of an AI ad maker tool, businesses can efficiently produce high-quality advertisements that drive engagement and conversions across various social media platforms.

Personalization on a Large Scale

Personalization has always been important in marketing, and automation is making it possible on a larger scale. By using AI and machine learning, marketers can create tailored experiences for each customer based on their preferences, behaviors, and past interactions with the brand.

This level of personalization not only boosts customer satisfaction but also increases engagement and loyalty. When consumers feel understood and valued, they are more likely to become loyal customers and brand advocates. As automation technology continues to evolve, we can expect personalization to become even more advanced, enabling businesses to forge deeper connections with their audience. As your company has tiny homes for sale California, personalized experiences will ensure each customer finds their perfect fit, fostering lasting connections.

Integration Across Channels

Another trend shaping the future of marketing automation is the integration of multiple channels into a cohesive strategy. Today’s consumers interact with brands across various touchpoints, from social media and email to websites and mobile apps. Marketing automation platforms that can seamlessly integrate these channels and deliver consistent messaging will have a competitive edge. When creating a comparison website it’s important to ensure that the platform effectively aggregates data from diverse sources and presents it in a user-friendly manner, empowering consumers to make informed decisions.

Omni-channel integration not only betters the customer experience but also provides marketers with a comprehensive view of the customer journey. By tracking interactions across channels, businesses can gain valuable insights into how consumers engage with their brand, allowing them to refine their marketing strategies for maximum impact. Lastly, integrating SEO services into omni-channel strategies boosts visibility and helps businesses better understand and engage with their customers across different platforms.

The Human Element

While automation offers many benefits, it’s crucial not to overlook the human aspect of marketing. Despite advances in AI and machine learning, there are still elements of marketing that require human creativity, empathy, and strategic thinking.

Successful marketing automation strikes a balance between technology and human expertise. By using automation to handle routine tasks and data analysis, marketers can focus on what they do best – storytelling, building relationships, and driving innovation.

Conclusion

The future of marketing automation looks promising, offering improved efficiency and results for businesses of all sizes.

As AI continues to advance and consumer expectations change, automation will play an increasingly vital role in keeping businesses competitive.

By embracing automation technologies, marketers can simplify processes, deliver more personalized experiences, and ultimately, achieve their business goals more effectively than ever before.