You may be aware of PR as a strategic communications tool, but have you considered the value-adding benefits of public relations when managing your company image and reputation? This article sheds some light on the most important advantages and disadvantages of public relations so that you can better understand the benefits of PR when planning your marketing and communication strategies.
The most notable advantages of public relations stem from the potency this communications tactic has in building transparent and trusted relationships with consumers. Here are nine of the most important advantages of public relations:
One of the key benefits of public relations is that it helps to elevate your reach, ultimately generating increased brand awareness among the masses. PR aims to communicate a brand or company’s innovative product or service to receive media attention.
After PR creates awareness, the PR team can start shaping a positive brand image in the markets where it counts the most.
An advantage of PR lies in image creation and maintaining a healthy brand reputation. This is because image greatly contributes to the company's market position and overall status.
A positive brand image greatly ties to the credibility of the company. Another key benefit of PR is that brand credibility is reinforced when someone else speaks positively about your brand. PR strategies are developed to create positive discussions (from the media and public) about your brand to enhance credibility.
You'll benefit from new leads as PR enhances your credibility and reputation. This is because well-planned PR strategies make you more discoverable to your key audience.
A PR strategy is highly beneficial when attempting to secure funding from investors. The right media placement and timing can show venture capitalists or equity investors what you have to offer. Since PR is concerned with creating credibility, it gives investors more reason to believe you're a lucrative investment opportunity.
The benefit of public relations in marketing is that it builds connections and relationships with media agents. Journalists and publicists focused on your industry will be more open to regular engagement with you when you present them with frequent and newsworthy content. In PR, the priority is maintaining good dynamics with media agents who prioritize your stories above your competitors.
Being published by a third-party endorser is very important when you want to demonstrate the credibility of your brand. This is why PR works to strategically place your news in front of lucrative audiences. When a third-party writes or speaks positively about your brand, they endorse your company’s expertise and leadership, often creating more consumer value than paid advertising.
Most PR strategies are developed with a long-term goal in mind, as the PR team works to build and maintain a positive brand reputation that consumer trust. This doesn’t happen overnight.
PR is a highly effective tool in long-term reputation management.
Educating the public is one of the most important advantages of public relations. It's about value creation and sharing informative content with the public about products and services that genuinely help with a pain point. For example, thought leadership is one method PR employs to inform the public about the brand via the knowledge and credibility of its authoritative industry figure. With this, consumers can learn more about a brand and what it stands for.
The key benefit is that it helps build your credibility and reputation by elevating awareness and working with third-party endorsers who can support you.
Interested in seeing what we can achieve for your business? Schedule a free intro call to learn more.
Being aware of the benefits and disadvantages of PR, can help you make strategic decisions about managing your company’s credibility when deciding the best ways of communicating with your target audiences.
Public relations does not have set measurement systems in place to see how successful your efforts are. The metrics you use and KPIs set highly depend on the end goal you have for a campaign. That said, there are some guidelines you could use for measuring ROI of PR. Always keep your overall marketing goal in mind to align your PR efforts. This will help with measuring your progress as well.
Public relations is highly dependable on the willingness of third-party endorsers to publish your content. This means that you have less direct influence over the success of PR campaigns. You’ll often pitch your story to multiple journalists, with a select few opening your email to read what you have to say.
Many disadvantages of PR come down to the inherent nature of the marketing and communications industry. The landscape is highly dynamic and ever-changing. This makes it difficult to keep up with trends and the latest market shifts. Due to this, it is greatly important to stay up-to-date with current events and the latest news.
With any marketing campaign, success is not guaranteed. If your strategy is not well-executed, you risk getting little to no response from your target audience. Perhaps the strategy was not the problem. The key message is often not impactful enough and passes the target audience by.
The main disadvantages of PR are that results are not guaranteed, and ROI can be difficult to measure when you’re not a professional. To overcome this, using expert PR consultancy services is a highly effective solution to drive your PR success.
Hopefully, this article helped you to gain a better understanding of the key advantages and disadvantages of public relations.
It's important to remember that the benefits of public relations are truly discovered when you have a long-term strategic communications strategy in place, as the results of your efforts become more notable over time.
In terms of the disadvantages of public relations, partnering with a PR agency can help you solve issues you might encounter when executing a results-driven campaign. Teaming up with PR professionals will also help you to better manage your reputation, establish trust and credibility, as well as avoid difficulties when it comes to measuring PR success.
If you need professional assistance to help perfect your PR strategy and unlock the full advantages of public relations, contact our PR firm in Amsterdam for a free consultation session.