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PR During a Recession
10 Tips to get your company through a tough time
(The following article is excerpted from a talk given by Andy Beaupre in January 2002 at the Technology Capital Network at MIT.)
Tip # 1: Forget about visionary ideas and hype.
It’s all about real products, real customers and predictable financial performance.
Euphoria
has been replaced with pragmatism. Hype is dead. Substance is king. The media
hasn’t been this skeptical in a long while. Reporters are impatient. Publications
are hurting. There is a widespread unwillingness to believe. Cool, awesome and wow have been replaced with truth, trust and
accountability.
What
this adds up to: Emphasize things that reflect substance. Lower expectations a notch or two. Be more
patient. Be a better listener.
Tip
#2: What you say and how you say it has never been more important.
Language
– the right language – makes all the difference. Getting everyone in
your company on the same page creates a powerful consensus, uniting everyone
under one banner. And creating positioning and messaging based in competitive
reality is the most important step in building belief with media and industry
analysts.
What
this adds up to: if you can, enlist the help of outside experts to help you position,
differentiate and message-enable your company. Throw out stilted language.
Avoid inwardly focused chest-thumping at all costs. Stand for – and become
known for – one thing. That’s how the
great brands are always built.
Tip
# 3: You don’t deserve great media coverage, you earn it.
In
most cases, busy editors are not eager to hear your story. They won’t
instantly believe your company is
newsworthy. You’ve got to earn that trust by constantly proving what you say is
true.
What
this adds up to: Show your product, don’t talk about it. Provide media customer
contacts who can validate what you’ve been saying. Get your products involved in competitive bake-offs.
Tip
# 4: Write like a reporter, not an engineer.
Many companies forget or mistakenly believe a reporter is similar to a customer. They’re not. Most don’t have EE degrees, they have English degrees. If your technology product or service isn’t geared for the mass market, then most non-trade media reporters won’t ever see, touch, use or buy it.
Most will not relate to it.
What
this adds up to: Figure out a way to talk about your company so your message is
instantly understood. Cut out the technical gobbledygook. Break through the media morass with
simplicity.
Tip
# 5: Personalize the people who founded and run your company.
Business
press likes to talk about the people behind companies. But they don’t do it in
the usual way.
What
this adds up to: Go beyond the usual. Don’t just talk about the educational degrees
your executives earned and where they went to school and what jobs they’ve had.
Deep-interview them , ask a lot of questions and pull out the “up close and
personal” angles that will get the business press interested. Uncover the
hidden stories.
Tip
# 6: Throw myopia out the window and think bigger picture.
When it comes to creating media interest, remember that
it’s not just about your company or products. It’s also about how they fit into a complex
ecosystem in a meaningful way. Think about what’s happening “out there,” in
your industry and markets. Then tie your story into these bigger picture
events.
What
this adds up to: When you write a news release about your new software version, pick
one attribute that will be perceived as “hot and timely” by a reporter and
emphasize this instead of going on about 15 different things. Ponder current
issues and trends, and invest the time to create platforms that address your viewpoints.
Talk customer benefits not tech talk. Link your company with other companies so
you don’t stand alone.
Tip
#7: Create two-way rapport with media and analysts.
You have to make your media/analyst relationships mutually
beneficial. Invest in relationships with press and analysts like you would a
customer. You don’t sell your product in one try, it takes many tries. This
holds true for media and analysts. They will remember the people they know and
trust.
What
this adds up to: Help out a reporter by giving him/her an interesting tip. Let them
break your story first online to beat out the competition. Spend money with an
analyst. Call them when you don’t want anything. And one more thing: try not to be elitist with reporters, i.e., believing that a particular publication or reporter isn’t worthy of your
time… remember that today’s regional daily newspaper beat reporter will become tomorrow’s major business magazine Bureau Chief. Many relationships last a lifetime. Invest the time. Put
your ego on the shelf.
Tip
#8: Be conscious of every impression you make.
The
way you do all the little things you do each and every day add up and create a
lasting impression.
What
this adds up to: At the end of the day, all you’ve really got is your reputation.
Protect it and nurture it at all cost. It will always be your most valuable
asset. Keep promises. Get back to a reporter instead of dropping the ball. Make
sure your news release is free of typos. Take time to read what a reporter is
writing about. Return phone calls and emails promptly.
Tip
#9: Don’t just rely on traditional media to create belief in your company.
While times have gotten
tougher for print media, the good news is there have never been more
opportunities to make a favorable impression. Spread your wings. Think beyond
the obvious. Look for ways to extend your visibility. Brainstorm fresh ideas.
What this adds up to: Embrace the vast world of online media. Invest time
in making your web site – your # 1 business card – the best it can be. Get your
key spokespersons out there to speak consistently at industry forums. Leverage
partner events. Create an e-newsletter. Narrowcast your messages via
webcasting. Get your company involved in pro bono activities. Support or
sponsor something meaningful outside of your industry to rally your troops and
build a perception that your company stands for more than just making money.
Tip
#10: Make sure your PR program delivers quantifiable returns.
What’s
the hottest topic in PR right now? Measuring public relations effectiveness and
proving Return On Investment. Every PR program must include the ability to
measure success. If you don’t do this then you are wasting time, money and
resources (read the related story in this
issue, “PR ROI”).
What
this adds up to: Create specific instead of
general objectives. Don’t just measure the quantity and frequency of coverage,
also measure the breadth and quality of coverage. Measure whether your key
messages are getting picked up. Measure how your company is perceived by media
and analysts… is it positive, neutral or negative? Measure your momentum, is it
building or stagnating? And measure how fundamental attitudes about your
company are shifting over time with key influencers.
That’s
it folks. Remember these 10 tips and your public relations program will be
measurably improved without spending a dime.
[PRINTER FRIENDLY VERSION]
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