Public relations
professionals live in a professional box.
Our work and contributions are certainly valuable as the awareness and
third-party credibility we deliver creates an environment in which a company
can more successfully execute its growth strategy. Yet, the return on investment of a PR spend
is inherently difficult to measure.
This is why
in difficult economic times there is an across the board cut in public
relations budgets, as well as other hard-to-measure marketing tactics such as
advertising and brand promotion.
A number of
respected communications consultants have argued (http://www.pr-squared.com/2008/10/cut_the_pr_agency_are_you_sure.html)
companies that invest in marketing promotion during a downturn will increase
brand awareness at a lower cost, while typically realizing an uptick in sales
when the market begins to grow. Yet,
this contention falls flat because corporate leadership is evaluated on
measurable benchmarks today (i.e. sales and profitability), not some fuzzy hope
for the future.
Into this
environment arrives social media as a channel to reach prospects, partners,
investors, employees and market influencers in a more measurable, targeted
fashion. The business case for a company
to fund an investment in social media is clear and compelling:
-produces
leads from prospects who have self-identified
-supports
sales cycle and cross-sell activities
-enhances
search engine optimization (SEO)
-increases
the success of co-marketing and partner programs
-improves
customer relationships
-delivers
awareness and market positioning
Public
relations execs are the most qualified to deliver on the promise of social
media for an organization because we excel at developing content that engages,
educates and entertains (http://strategicguy.blogspot.com/2008/04/spielberg-lonelygirl15-and-entertaining.html).
You’d think PR folks would
enthusiastically wave the social media flag pointing to its comprehensive and
measurable ROI.
That’s not
the case though. In fact, there are a
number of social media consultants who fall back to a murky, difficult to
measure value proposition. No…no…social
media is not for sales activities, they argue.
It’s strictly designed for community and conversation, and any company
that employs social media for promotional purposes simply doesn’t get “it.”
Great, I’ll
see you on the unemployment line. What I
really want to know is when did “sell” become a four-letter word?
We view
things differently at Strategic Communications Group (Strategic). We understand that commerce occurs when a
person makes a buy decision. It’s a
customer signing a contract. An investor
acquiring stock. Or an employee agreeing
to come aboard. And our role as
PR/social media consultants is to help our clients move their business forward
more quickly and in a measurable way.
So, the
next time you plan a social media initiative don’t shy from tying the campaign
to measurable lead generation and sales goals.
You’ll get funding for your program and deliver an ROI that helps your
company grow its business while enhancing your own value to the organization. Marc Hausman is president/CEO of Strategic Communications Group, a public relations consultancy based in Silver Spring, MD. Read more at: http://www.strategicguy.blogspot.com. |