Wednesday, July 26, 2006
PR Survey Results
You may be aware we recently conducted a media survey which set out to understand the obstacles facing businesses across the East Midlands in getting their news into the press. The survey attracted 290 responses from businesses of all sizes, with some very interesting results; so first of all before we get started the team here at Persona would like to say a big thank you to all who participated. To keep it simple we've split the survey into Key Performance Indicators:
Company Status
Two-thirds of the businesses who completed the survey had up to 5 employees, an early indicator that small businesses are in need of press exposure to continue to grow. Out of all the industries responding to the survey, the largest number came from the creative industries who clearly feel PR is essential to the survival of their business; whereas others such as professionals (accountants and solicitors) and the service industry (lifestyle management, cleaners and hair & beauty) were unsure of the importance of PR.Exposure
Not surprisingly, over a third of companies said they needed more local PR, and of those 10% stated they found local media to be biased towards a chosen few. What did come as a surprise was a mere 2% said that local media helped them get their message across. As local PR is evidently hard to crack, 54% businesses who took part in the survey are focusing their activity on attaining press coverage through trade and national publications. Encouragingly, indicators show that many of you are excited and motivated to continue press activity, but approximately the same numbers need to build a bigger list of media contacts as the press aren't publishing enough of your stories; in the same breathe 86% feel as though you're getting your fair share of PR as are your competitors. Out of all the various channels PR activity 43% focused directly on printed media content such as press releases, interviews and case studies; whilst 4% uses broadcasting through radio and TV to get their message across. Blogs and Podcasting have yet to feature significantly, whether this is because businesses aren't aware of the benefits it can bring and how it can be integrated into pr campaigns; in either case, it's an unexploited area that could be a good way to open your media dialogue with a quicker turnaround too.Time
A whopping 97% of those surveyed manage their PR in-house, but allocating enough quality time is the biggest stumbling block facing businesses who conduct their own pr campaigns. Those most affected are companies employing 5 or less, with 5% afraid of making mistakes and feeling they may damage any future media penetration. Interestingly businesses who conducted their PR in-house, only 19% were satisfied with their efforts. What's concerning is that 58% weren't sure of the ROI, which is a strong indicator that if you're going to devote so much effort to authoring & distributing press releases and building relationships with the press, you need to monitor how effective your time is being spent because your time is valuable.Budget
Responses to this ranged from not having one at all, knowing how to set one aside or worried about "losing" money through paying for PR services which fail to deliver coverage. However when it comes down to allocating funds for PR campaigns 42% of businesses allowed for a budget of £1,000 or less for a year. The underlying tone from those with smaller budgets indicate being cautious of its effectiveness or were disappointed it didn't generate the traffic they were hoping for. However a third didn't physically pay for pr services but conducted their own campaigns in house of which 19% were satisfied with the result while the remaining were disappointed or unsure of the worth of effort. Keeping a tight hold on the campaign spend was spilt with over half within budget; some companies weren't sure if they were within budget or not. It seems as though a handful of businesses saw PR activity to be worth the cost as they went over budget to capture further media traction.PR Agencies
Three-quarters of those questioned believe the media respond better to pr professionals with almost the same numbers never using an agency or an agent. Good news for PR professionals, 93% think that we're a worthy investment because it's what we do and we do it well.Summary
Businesses, no matter what size clearly recognise the importance of PR. What this survey has highlighted is that valuable time of business owners / managers is being spent focusing on generating press coverage for their company, some have had success and some have not. Whatever the outcome, time is money and the saving you've in theory made at what cost has this been to your business? Budgets have been an issue, for some it's knowing how to budget properly or not even having one at all - if you're not sure speak to a professional and get a clear idea of what it is you want to achieve and how you're going to do it.Friday, July 21, 2006
The Dark Side of Online Marketing