Public relations refers to the communication techniques and strategies that a company uses to manage the dissemination of information about itself. The goal is to increase its visibility and consolidate its expertise.
Unlike advertising, which focuses on selling products or services, public relations (PR) aims to establish strong connections with various stakeholders: customers, experts, banks, partners, political representatives, and, above all, journalists.
According to a study by Nielsen published in 2014, PR campaigns are 90% more effective than advertising. This efficiency can easily be explained: the public puts more stock in the opinion of others about a product or service than in the statements of the entity that developed the product or service. An effective public relations strategy is based on a few key elements:
- Offer exclusivity: Journalists are looking for exclusive information (scoops). Offer them new information that will grab their attention.
- Create a compelling story: By opting for storytelling and staging information that attracts the interest of customers. What problem does the product or service address? How to stage the solution that was created?
- Target the right contacts: Ensure that information reaches those who are competent and interested in the sector.
- Create a media contact file: Maintain an up-to-date database of journalists to inform.
- Be creative: Provide stories that resonate. Use studies or key events to illustrate your message.
- Position yourself as an expert: Show that you are a reference in your field of expertise to reinforce the credibility of your message.
- Be concise: Get straight to the point and avoid the superfluous to maximise the impact of your communications.
A quote in the media is the same as free advertising. This media appearance, however, involves intense preparation. Therefore, these various elements must be taken into account when preparing a press kit or press releases. They will enable journalists, often in a hurry, to understand more quickly how the company is worthy of interest for their audience.
Choosing the right channel
Connecting with different stakeholders means knowing how best to reach them. Companies have various options to share their latest news, such as e-mail, phone, social media, newsletters, or press releases. In choosing the appropriate channel, however, it is crucial to consider who the stakeholders are, what their professional role is, what relevant information should be provided to them, and how often.
The importance of the press kit
The press kit is a collection of information which presents the company’s nature and field of expertise. This kit should be available online to stakeholders at all times. A press kit should include:
- Factual information about the company, such as number of employees and, if possible, turnover.
- A list of areas in which the company can offer its expertise to journalists. For example, a small finance company can answer questions about the euro or Swiss franc exchange rate.
- The name, email address and telephone number of the person to contact if a journalist would like an interview.
When a company opens a new branch or sets a sales record, it can issue a press release to announce it. An effective press release includes:
- A title.
- A date and place of publication.
- A brief and clear presentation of the facts, starting with the most important information. Possibly a few quotes from company employees, emphasizing the importance of the event.
- A paragraph at the end of the press release presenting the company’s activities, repeating its background and providing basic financial data if these are in the public domain (turnover, sales, etc.).
- The press release should always be published online and emailed to media representatives.
The company must remember to present the event it wants to announce. Rather than just communicating turnover, the company should mention its 100-year history, its charity collections or the company's voluntary initiatives to protect the environment. The company needs a story to tell. It is worth noting that event marketing can also be part of a public relations strategy.