Being a Responsible Communicator helps you Build your Online Reputation
Globally, Data journalism has had a transformative impact on content publishing standards. Reporters, Journalists, Content writers, freelancers, social media users, bloggers, and website or content publishers need to carry out more accurate, transparent, and fact-led storytelling.
April 2 is an International Fact-Checking Day.
Google presents advanced ways on how can you find trustworthy information. Now, wherever you’re searching, you’ll see three dots next to most results on Google Search. Tapping those three dots gives you more about the background, why this page, who wrote this page and reviews from others. It will help you discover and establish more credibility for your searches. Also, these would populate organic search results not driven by paid ads.
Use the right strategies, access the right tools and follow techniques to gather and analyze information before publication. This is critical to maintaining your online reputation.
Responsible communications ensure you maintain and empower your online reputation. Building a strong online reputation requires a strategic and consistent approach. It helps you gain a competitive advantage, attract top talent, manage crises, engage with customers and influence stakeholders. Improved brand recognition enables you to win new customers, enhances customer loyalty and helps you build an overall increased market share.
While communicating, the tone of voice of your messages significantly impacts how the public perceives you and your brand. By using the right strategies, communicators can establish credibility, build trust, and engage the audience, ultimately increasing the effectiveness of their communication.
You can use the following best practices to develop your communication skills:
Transparency: Be candid, truthful and open in all communications. Try to provide accuracy to the information you are sharing and do it honestly. While in most cases, the juggle is when to make an announcement; it’s recommended to wait, announce, and publish what is definitive.
Promptness: Minimizing delays in reverting to customers or stakeholders in day-to-day communications helps establish more robust relationships. It demonstrates your readiness to handle projects and affirms your intent to the client for positive decision-making. Delayed transmissions lead to miscommunication or reputational harm.
Respectful: Interaction with customers and stakeholders demonstrates you and your personality traits. Dignity, respect and values are crucial to maintaining relations with professionals, staff, well-wishers, partners and media. In the social media era, there is little scope for ‘Being-on-stage’ or ‘Being-back-stage’. Hence, to maintain your online reputation, it is most effective to always communicate with respect. Paying attention to feedback and queries helps build your connections stronger across geographies.
Adapt Inclusivity Since the world is a stage now, one must learn to communicate inclusively. For years, we trained ourselves to speak with a particular group or a segment of people; now, you need to be careful in the choice of words, thereby not impacting or pointing towards any section of society. To ensure this, adopt Inclusivity in your approach. Make sure all members of your audience can access and understand your communication. Take into account any potential linguistic and cultural hurdles.
Consistency: To influence your customers and stakeholders and to establish your narrative or point of view as an expert, it’s essential to convey your ideas consistently. While consistent messaging does not mean repeated messages, it needs progressive consistency. Make sure that the message is delivered through all channels of communication always.
Take charge and be proactive: As a responsible communicator, you need to be able to think through and plan should there be any potential challenges or outcomes post your communications. Consider potential problems in advance and deal with them before they become more significant problems.
Improvisation:
- Use feedback and data to pinpoint improvement areas to monitor and tweak your communications.
- Employ straightforward, uncomplicated language that your audience can understand.
- Avoid using jargon or technical phrases that could be confusing.
Citations:
Zraková, Diana, Kubina, Milan, and Koman, Gabriel. “Influence of Information-communication System to Reputation Management of a Company.” ScienceDirect, 22 Jun. 2017, https://doi.org/10.1016/j.proeng.2017.06.172.
Oh, Jeyoung, and Ki, Eyun-Jung. “Factors affecting social presence and word-of-mouth in corporate social responsibility communication: Tone of voice, message framing, and online medium type.” ScienceDirect, 12 Apr. 2019, https://doi.org/10.1016/j.pubrev.2019.02.005.
Reach me at my email: rachana@mediavalueworks.com
About the author: Rachana Chowdhary
Rachana Chowdhary founded an innovative global communications agency – MediaValueWorks, in 2013. She has over 23 years of experience across traditional and digital media, PR, branding and marketing strategies, and strategic content management. A graduate of Mumbai University, she also mentors women entrepreneurs and small and medium businesses.
Rachana Chowdhary
Global Content and Communications Leader
Forbes Council Member
Founder – MediaValueWorks – Communicate Globally
CEO – MVW-MSME Development Centre
Publisher – India-Press-Release.com & InstaaPR
Editor – IndiaTechnologyNews & Bollywoodtimes
MVW Network International Pvt Ltd.
Mumbai | New Delhi | Bengaluru | Singapore | San Francisco | Toronto
Brand Consulting, Content & Design, Digital Marketing & Events
Content Publishing across 125 countries in over 45 languages
Member – Public Relations Society of India
Jury – APAC Stevie Awards
Awards and Recognitions –
2022: 100 Most Important Professionals by Reputation Today
2021-22 Woman of Excellence Award – By Indian Achievers’ Forum
2017 Leading Women Entrepreneur of India – World Marketing Federation
2016 Best Marketing Outreach India-Africa – By ASSOCHAM
(Picture credit-20th Data Dialogue in New Delhi)
Role of Digital PR in 2023 Opportunities and Challenges
In 2023, digital PR will become even more critical for businesses and organizations as the world becomes increasingly digitalized. The role of digital PR professionals will involve crafting and disseminating content through various digital channels, such as social media, online news outlets, and industry-specific websites, to shape public perception and build brand awareness. This will include creating and distributing press releases, crafting and publishing thought leadership pieces, and leveraging influencer marketing to reach key audiences.
One of the main challenges digital PR professionals will face in 2023 is the sheer volume of content being produced and distributed online. With so much noise and competition, it will be important for digital PR professionals to be able to create and distribute content that stands out and captures the attention of their target audiences. This will require a deep understanding of the latest trends and technologies and the ability to think creatively and strategically about how to reach and engage different audiences.
Another significant trend likely to continue in 2023 is using data and analytics to measure the impact of digital PR campaigns. Digital PR professionals will be expected to be able to use a variety of tools and platforms to track and analyze key metrics, such as website traffic, social media engagement, and media coverage. Using these tools, digital PR professionals can identify what is working and what isn’t and make data-driven decisions about adjusting their strategy to achieve better results.
In addition to these trends, in 2023, digital PR will also involve working closely with other teams such as SEO, CRM, Data Science and Business Development. SEO will help drive organic traffic and improve the website’s visibility on search engines. CRM will help to manage and maintain customer relationships. Data science will help to analyze data and make data-driven decisions. And business development will help to drive sales and revenue.
In 2023, digital PR professionals will need to be versatile and able to adapt to the ever-changing digital landscape to help their clients succeed. They will also need to be well-versed in the latest technologies and platforms, such as chatbots, virtual reality, and blockchain, to stay ahead of the curve and relevant in a constantly evolving industry.
There are several challenges that digital PR professionals will face in 2023:
- The increasing volume of content: With so much information and content being produced and distributed online, it will be challenging for digital PR professionals to create and distribute content that stands out and captures the attention of their target audiences.
- The need for personalization: Audiences are becoming increasingly segmented and targeted, and digital PR professionals will need to create personalized content that speaks to specific groups to be effective.
- The use of AI and automation: While AI and automation can help digital PR professionals to scale their efforts and reach a larger audience, they will also need to be able to use these tools effectively and understand their limitations to avoid negative consequences.
- The importance of data and analytics: Digital PR professionals will need to be able to use data and analytics to measure the impact of their campaigns and make data-driven decisions.
- The need to stay up-to-date: The digital PR industry is constantly evolving, and professionals will need to stay up-to-date with the latest trends, technologies, and best practices to be effective.
- The need to work closely with other teams: Digital PR professionals will need to work closely with other teams, such as SEO, CRM, Data Science and Business Development to achieve overall business objectives.
- The need for ethics and transparency: With the rise of disinformation and fake news, it will be important for digital PR professionals to ensure that their campaigns are ethical and transparent to maintain trust and credibility with their audience.
- The need for crisis management: With the rise of social media and the ability for information to spread quickly, it will be important for digital PR professionals to be prepared to handle crisis situations and mitigate any negative impact on their client’s reputations.
To face the challenges of digital PR in 2023, digital PR professionals can take the following steps:
- Stay up-to-date with the latest trends and technologies: To create and distribute content that stands out and captures the attention of their target audiences, digital PR professionals will need to stay up-to-date with the latest trends and technologies in the Industry.
- Personalize content: To effectively reach and engage with their target audiences, digital PR professionals will need to create personalized content that speaks to specific groups. This will require a deep understanding of the target audience and the ability to create content that resonates with them.
- Use data and analytics: To measure the impact of their campaigns and make data-driven decisions, digital PR professionals will need to be able to use a variety of tools and platforms to track and analyze key metrics, such as website traffic, social media engagement, and media coverage.
- Leverage AI and automation: To scale their efforts and reach a larger audience, digital PR professionals can use AI and automation to analyze data, create content, and distribute it at a faster rate.
- Work closely with other teams: To achieve overall business objectives, digital PR professionals will need to work closely with other teams such as SEO, CRM, Data Science and Business Development.
- Maintain ethics and transparency: To maintain trust and credibility with their audience, digital PR professionals will need to ensure that their campaigns are ethical and transparent.
- Have a crisis management plan: To handle crisis situations and mitigate any negative impact on their clients’ reputation, digital PR professionals will need to have a crisis management plan in place.
- Continuously learn and develop new skills: As the industry is constantly evolving, digital PR professionals will need to continuously learn and develop new skills to stay relevant and effective.
In 2023, digital PR will be more important than ever, and digital PR professionals will need to be skilled at creating and distributing high-quality content, leveraging the latest trends and technologies, and using data and analytics to measure and improve their campaigns. They will also need to work closely with other teams and be versatile to adapt to the ever-changing digital landscape.
Contact us to learn how we can help you develop a better Marketing Strategy for your business.
Credits:
Content: Keshav Bhardwaj
Publisher: Media Value Works
Social Media: Ravish Dhiran
How Lead Generation is different from a Branding exercise
Many marketers need help deciding if they should focus on lead generation or put their effort into brand awareness. The struggle is about balancing the two because your business needs both. Lead generation and branding are like two sides of the same coin, and you cannot ignore one for the other. In fact, for a digital marketing strategy to be successful, both must go hand in hand. They are learning how and when to prioritize what can be a game-changer for the growth of a business.
Let’s first learn what lead generation is and what branding is. When we know these two terminologies, we can better appreciate their differences and significance.
What is Lead Generation?
Lead generation is when a business attracts potential prospects to its website and converts them into leads. These leads eventually become valuable customers. Lead generation is a specific task and targets the opportunity for a defined purpose. The purpose can be to get them to check a particular landing page, sign up for a newsletter, or purchase a product. The success of a lead generation campaign can be measured using defined metrics like – the number of sign-ups or the number of products sold.
What is Branding?
Branding, as the name says, is about increasing awareness about a brand. The focus of a branding campaign is to reach more people and let them know about the brand. Social media ads, promotions at networking events, social media campaigns, etc., are typically used to increase a brand’s reach digitally. The primary aim is not to generate sales but to make people aware of a brand name. Branding helps establish a business as a recognized and trusted name in its niche.
How Lead-Generation Campaigns Differ from Other Types of Marketing Communications
Different from conventional advertising or marketing communications is lead generation. The primary distinction is direct marketing, usually referred to as direct-response marketing communications, in lead creation. “Direct marketing” refers to targeted, measurable marketing tools, strategies, and initiatives motivated by return-on-investment (ROI) concerns. The main distinction is that direct marketing aims to inspire action. Whatever the marketer’s objective is, the action could be anything from a click to a call to a store visit.
Direct marketing is the foundation for today’s successful marketing strategies. It is based on customer information collected, maintained in a database, and used with various analytical and communications tactics. E-commerce, data mining, customer relationship management (CRM), and integrated marketing communications are some strategies. But generating leads for a sales force—whether it be an outside sales resource like a distribution channel partner or representative, an inside sales team, or both—is the main contribution that direct marketing offers to the business marketing equation.
B2B Direct marketing is a vast industry.
Interesting data on the scope and impact of direct marketing in corporate markets is published by the Direct Marketing Association. From The DMA 2010 Statistical Fact Book, have a look at these:
- B2B direct marketing spending in all media channels in 2010 was $74.6 billion.
- The spending growth rate (CAGR) between 2009 and 2014 is expected to be 4.9 per cent for B2B, compared to only 4 per cent for direct consumer marketing spend.
- B2B sales driven by direct marketing in 2010 represented $786 billion.
- Sales growth CAGR from 2009 to 2014 is estimated at 5.4 per cent, compared to 4.9 per cent in consumers.
An estimated 3.9 million people were employed in B-to-B direct marketing in the U.S. in 2009. This is big business in every sense of the word.
In addition to direct-response marketing, lead generation differs from conventional marketing communications in two significant areas. One aspect of lead creation is the balance between quantity and quality. Salespeople are a costly resource for a business, and making them more productive is the role of lead generation. Thus, having a large audience and a high volume is optional. In actuality, fewer, higher-quality leads always outweigh more, lower-quality leads.
Second, lead generation frequently takes place on the ground level. It assists sales, generates field results, and establishes income connections. Lead generation is commonly regarded as a more tactical set of actions than strategic marketing that occurs in corporate communications, brand creation, and public relations and is a part of a field marketing function. Some lead generation professionals feel underappreciated by general marketers who focus on so-called bigger-picture marketing because of their largely tactical role. The B-to-B industry is still debating this issue. But anything that is the primary job of 76 per cent of CMOs deserves a lot of respect.
Two sides of the same coin
You can see that despite their differences, lead generation and branding significantly impact one another. Lead generation comes after effective branding. The brand is strengthened when leads turn into paying clients. Most of the time, combining the two will yield the best results rather than choosing one. It all comes down to applying the proper method at the appropriate moment. Your marketing efforts will be successful if you can pull them off.
Contact us to learn how we can help you develop a better Marketing Strategy for your business.
Credits:
Content: Keshav Bhardwaj
Publisher: Media Value Works
Social Media: Ravish Dhiran
Top 6 Types of Content Writing in 2022
With the increased penetration of technology and the internet, the content appetite has been amplified drastically. The rise of online media is dramatically altering the ways people consume content on a micro-level, creating a new user-centric communication model.
Content writing is the process of creating, editing, and publishing content for various formats such as social media copy, articles, press releases, video scripts, white paper, product descriptions, brochures, landing pages and more.
Let’s take a look at the top 6 types of Content writing in 2022:
1. Micro-Content
Microcontent conveys pieces of information that answer a specific question or leave an impression on the audience in a short period of time, which is entirely necessary for today’s audiences. It is written copy, imagery, or video content that can be consumed in 10-30 seconds or less. Infographics, short video clips, e-mail subjects, captions, webpage tiles, short listicles and precise social media posts can be segments of micro-content.
2. Influencer Content
Social media influencers who possess a dedicated social following and are viewed as experts within their niche creates content using endorsement and product mentions. The content strategy is to generate creative, splendid and pertinent content, which can be in the form of short video clips, photo uploads, storytelling, live product demos and more. Due to higher interaction with followers, the content generates a good impact on existing and potential followers. The endorsed and branded content serves as social proof to the brand’s potential customers and maintains brand identity.
3. News Writing
News writing is writing for publication in a newspaper, often reporting current events and journalism. It is the most sophisticated, comprehensive, and formal way of writing that follows an inverted pyramid structure. Lead (most important information comprises 5W and 1H), body (background details and expanding the topic) and tail (extra information, assessment and interesting facts). The news story should comprise elements of newsworthiness such as proximity, timeliness, human interest and conflict.
4. Feature Writing
A feature is a write-up on a subject of the latest concern and interest to a common reader. It is not a news story but derived from a piece of news. Features aimed at informing, entertaining, enlightening and providing facts in an exciting form for rapid reading. A broader explanation of the topic with relevant facts and background detail in an interesting way is the content strategy for writing features. The feature structure comprises the introduction, elaboration, elucidation, interpretation, a narration of facts, future possibilities and conclusion.
5. Lifestyle Writing
Lifestyle writing is all about covering stories that have human interest, positivity, hope and entertainment. It is an umbrella term for specialized beats such as travel, food, fashion, home décor, health, wellness, stories of celebrities and other soft beats. Readers often find it more exciting and wonderful to apply kinds of stuff in their life whenever there is some free time. Most people spend reading lifestyle stories. Here, the writing strategy is different and is human and soft information-centric, requiring research and looking for news angles.
6. Copywriting
Copywriting is the process of writing a persuasive piece of content that motivates people to take some action, such as making a purchase, clicking on the link, donating to a cause, scheduling an appointment etc. It comprises a clear message set using different advertising channels such as websites, print and digital ads, newspapers, magazines, and brochures. Businesses communicate effectively via copywriting with existing and potential customers to expand their market reach.
Over the period of time, the mode of communication expanded, which eventually led to content being copied, manipulated and misinterpreted. Media Value Works, on multiple fronts, understand the client’s business objectives and creates goal-oriented content for better reach among the target audience and offer end-to-end creative, communication-centric, complete content development services.
Contact us to learn how we can help you in developing in better content strategy for your business.
Credits:
Content: Vaibhav Chandra
Graphics: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
Top 5 Trends that are reshaping the Public Relations Industry in 2022
Public Relations (PR) is a set of strategic communication used by organizations or individuals to build and sustain relations amongst the target audience and various stakeholders. It envisages creativity, content curation, and reaching out to the target audience with exemplary communication efforts. Due to digitization, industrialization and global disruption, the human behavioral pattern has developed, so public relations’ role and working style has changed multifaceted.
The pandemic and technological trends like the utilization of online media, social media and digital marketing have reinforced the adoption of new-age technology for business development and effectively integrated marketing communication efforts which actively contributed to the transformation and expansion of the public relations industry.
Here are the top 5 notable trends that are reshaping the public relations industry in 2022:
1. Personalized PR Pitching
Communicating with key media with the same set of messages proved to be impotent as every journalist has a different mindset. Personalized pitches to specific journalists or influencers first present an eye-catching idea that is hard to miss. Second, tap directly on their interest to provide precise information in news-worthy content that maximizes the chance of being published by the targeted media outlets. It empowers PR professionals to create instant trust and nourish the relationship with media outlets and professionals who become supportive when pitching in the future.
2. Influencer Marketing
With the increased penetration of online and social media platforms, audiences have begun to trust peers’ recommendations as it generates curiosity regarding products or brands. People find more authenticity in content and recommendation from actual consumers, celebrities or influencers rather than in other forms of promotions and advertising.
Influencer marketing involves endorsements and product placement from influencers, people and organizations who have an expert level of knowledge or social influence in their field. They upload sponsored content on their social media platforms like Facebook, Instagram, YouTube, Twitter, LinkedIn, Snapchat, or other online channels.
3. Tailored Content Strategy for the greater outreach
A customized content strategy builds customer loyalty and meets the objectives because it directly meets the target audience and potential customers. Tailored content is all about delivering experiences that speak directly to target customers.
PR professionals must emphasize their content strategy efficiently, ensuring its uniqueness engages and reaches the target audience. Incorporating appropriate keywords and other SEO optimization tactics makes the content visible on initial search pages, increasing search engine rankings. The personalized content strategy supported by data analytics and conclusion from existing campaigns proves a great way to place the client’s brand in the right spots.
4. Leveraging the power of Digital Media
With the news earlier restricted to only the traditional means such as newspapers and magazines, the entry of this new medium transformed the landscape and made information and news available anytime, anywhere.
From online press releases and sharing on social media platforms, the possibilities of digital PR are endless. With Web 3.0, marketing communication horizons are expanding further and brands can extend their presence into the digital world and gain immense publicity across the platforms that their target audience uses.
5. Impact Evaluation
In the Public Relations domain, it’s a challenge to show the impact generated as it is less tangible than other services. All clients want to know the impression created and whether the money, time and efforts that went into a campaign changed consumer behaviour and profit generated.
To prove the campaign’s ROI, meaningful metrics that relate directly to business goals and objectives are required. PR firms can create winning strategies, deploy them through suitable platforms, and create and measure campaign success metrics.
Credits:
Content: Vaibhav Chandra
Graphics: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
Top 6 functions of the Public Relations
Public Relations is the blend of art and science which manages the flow of communication among an organization and its target audience to build, manage and sustain its positive reputation. It involves monitoring and evaluating public attitudes and maintaining the mutual relationship. The public could be employees, the financial public (shareholders, financial media, investment and financial analysts), potential customers, government, women, youth and the general public.
Let’s discuss the top 6 functions of the public relations –
1) Target Audience Relations – For any flourishing enterprise, it is imperative to create and maintain a positive relationship with its target audience. Every activity must be seen, and the voice is heard by the target audience for conveying a strong message that says you are all about the common cause.
The public relations department often works closely across departments to achieve good relations through newsletters, magazines, corporate video, writing brochures, and preparing audio-visual materials for training and policy-transmission purposes.
2) Media Relations – Media is considered a crucial target public is requiring deliberate and effective effort. It is a mutually beneficial relationship between journalists and public relations professionals. One of the most significant benefits for journalists is the easy access to story ideas and sources. The public relation department is the one that supplies all information to media persons and organizations. and are responsible for dealing with and maintaining better relations with the media.
3) Crisis Communication – Crisis communication is all about managing media representation and relationships whenever some kind of threat takes place related to an organization’s reputation. People in the public relations department handle the components of a crisis communication plan. They are well versed in designating an official spokesperson, content strategy, and logistics to avert the crisis from happening again. The public relations function entails the development and targeted release of messages, both for the internal and external audience. The spokesperson is trained to manage challenging and hostile questions in a peaceful manner.
4) Lobbying – The Public Relations department comprises highly efficient communication professionals who are well-versed in influencing decisions. Lobbying refers to understanding their clients’ concerns, needs, and interests and using their knowledge of the legislative process to educate key decision-makers. It involves interacting with government officials and legislators to influence government decisions that affect the organization’s functioning.
5) Brand Reputation – The fundamental function of public relations is to manage and influence the brand’s positive perception within the target audience. All brand communication efforts comprise the organization’s core values and mission statement, which is reiterated during the dissemination of the message. The PR team communicates information regarding products to the public through media sources, and this leads to comprehensive awareness regarding products among people in the market and boosts brand value.
PR professionals work closely with the marketing team to make noise regarding the product, reinforcing advertising and promotion campaigns. Such strategies are imperative to uphold any enterprise’s goodness, prosperity, and common welfare facets.
6) Counseling – The Public Relations department is very energetic and active as they embrace themselves with new happening and trends across the market and daily basis. They did research, so they have a good understanding of the target audience and concerned market. This department plays a crucial role in marketing communication efforts and empowers top-level management to make multiple decisions. It keeps them aware of all public matters and provides them suggestions in case of any problem or product mishap.
Credits:
Content: Vaibhav Chandra
Graphics: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
How Technology is Empowering Public Relations Industry
Public relations is a significant consideration for any enterprise. How an organization interacts with their target audience and the impression generated directly projects business benefits and goodwill amongst potential customers and the general public.
Public relations is the most productive and deliberate effort to develop a strong brand image. It strategically communicates and represents an individual or an organization to the target audience to influence public perception. Effective Public Relations efforts are crucial for business development, retaining existing customers, and preventing them from turning to rivals.
Technology has multifacetedly empowered every aspect of modern businesses, and no industry has been left untouched. Tech advancements have shaped numerous previously intense and sophisticated tasks much easier and cheaper to complete, and the public relations industry is no exception to tech advancements.
Monitoring the Coverage
All PR efforts go waste if the coverage garnered across media is not monitored. The surveillance of media and coverage has always been challenging aspects of the public relations industry, but it has changed drastically.
Earlier, media monitoring meant checking the local and national press, mainly via newspapers, television news and radio programs, cutting the newspaper clippings or print coverage and sharing it with the client. Today, many data analytics-based media monitoring tools are available to check online coverage by keywords and social media impressions. More crucial is getting a better understanding of what people are saying about a company on social media.
Robust Research
The majority of pr professionals’ time goes into researching and developing effective pr strategies. Research scenarios have changed drastically with the dawn of the internet and search engines. Before the Internet and search engines, pr professionals manually collected information from newspaper clippings, press releases, marketing agencies, magazines, etc.
Today we have most of the information available on just a finger type. Search engines have exceptionally empowered the pr industry to get the research work robust and be one step ahead of competitors.
Tracking Performance
In the Public Relations industry, showing the impact generated is challenging as these services are less tangible than others. It was challenging to show the results of integrated marketing communications campaigns in the past due to manual and non-precise tracking. But the digital world has finally been armed with tools to help with PR measurement and optimization. Setting a list of such KPIs gathers data and analyses the organization’s performance. Analytical data generated from online media websites and social media sites, including social media mentions such as tagging, tweeting, etc., consumer surveys to scale brand awareness, and other AI and ML-based tools widely used to determine PR reach.
The metrics and analytics support strategy makers to have a holistic view of the bigger picture and the details about the outcomes of campaigns and future approaches to making new strategies more robust and result-oriented.
Online Events
Holding industry events such as award ceremonies, conferences, seminars, training, skill development workshops, etc., is a thought-provoking effective measure to solidify the organization’s presence and voice as a leading industry personality.
Events are the best place to communicate with the potential audience and customers with a common interest. Developing and nurturing relationships is crucial, which leads to fulfilling objective sets such as business development, goodwill management and creating a customer base.
Introducing your client or spokesperson in-person leaves a long-lasting impression as the public remembers by the face, visuals, event ambience, and integrated communication. After the pandemic’s inception, most events have shifted to online mode, allowing the maximum number of people to join and pr professionals to publicize on a more prominent front.
The impact of Technology on the public relations industry will continue to evolve in future. Implementing data analytics tools, machine learning, and AI have tremendous potential to empower PR professionals to understand better editors, reporters, bloggers, influencers, and analysts.
Media Value Works have embraced technological advancements and provided its clients with effective and impactful public relations campaigns.
Contact us to learn how we can help you develop a better PR strategy for your business.
Credits:
Content: Vaibhav Chandra
Graphics: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
What is PR and Why is it Important for your Business?
What is Public Relations(PR)?
Public relations is about managing and publicizing information on behalf of an individual or an organization to the target audience to influence their public perception.
New age Public Relations refers to the omnichannel engagement activities an organization conducts to communicate, engage, and build relations with the target audience. PR encompasses various marketing activities used to promote and protect an organization’s reputation in the eyes of the audience.
Public relations play a significant role in the contemporary era and is considered an essential practice in marketing communication.
Public Relations is a distinguished management function that empowers an organization to establish and sustain bilateral communication with its varied types of publics. PR is one of the most efficacious and deliberate efforts to develop a strong brand image.
Every organization puts plenty of its resources in executing marketing efforts to run the extra mile to develop and generate goodwill with its various publics. The marketing efforts get stitched into a story with a supported PR strategy, making it visible on larger platforms.
Need for Public Relations
Considering the multifaceted competition, enterprises must invest in public relations best practices to help achieve their objective efficiently and effectively. Creating a mutual relationship requires the smooth dissemination of highly crafted messages to the target audience.
PR embraces a scientific methodology and evolves at each organizational level. Deep learning, research, and a fair understanding of marketing, digital, sales, business, technical and sound management knowledge together help churn the right PR strategy for your brand. It has become a prerequisite for every organization to have a robust integrated digital public relations team.
The role and contribution of PR are long-term and strategic. PR needs considerable involvement of the time of the Founder / CEO / Top Management / Board as per organizational structure.
Benefits of Public Relations
In the era of adverse publicity, propaganda and crisis, effective public relations efforts proved to be the opportunity to optimize brand value. They can create mutual understanding between the organization and the target audience. Support from the media and effective campaigns elevate brand credibility while keeping a pleasant and consumer-friendly image. People are also more inclined to pay attention to a message that comes from a neutral source rather than paid advertising.
Public relations empower enterprises to build a robust online presence in a digitally connected world. PR team identifies the best channels and influencers for a company’s message to reach out to the right people. Also, new customers are more likely to find their way to engage with an organization if they have a good reputation.
The unique role of PR agencies in brand value optimization
PR agencies play a far-reaching and influential role in transforming the brand value with their highly integrated communication acumen. PR agencies make it possible by assisting organizations in designing the correct messaging to resonate with their target customers in meaningful ways. In the end, this translates to overall company growth and helps generate higher profits.
Strategic PR Consultants assist clients in crafting the right messages, distributing them to the right audiences, and helping build an ecosystem of trust and credibility, leading the client towards becoming a thought leader in the space of their business.
Credits:
Content: Vaibhav Chandra, Simran Jain
Infographic: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
What is the difference between traditional PR and digital PR?
In this ever-changing world, maintaining visibility is a prerequisite for organizations and service providers. The execution of sustaining the organization’s visibility among the public cannot be distorted. There is a vital requirement for organizations to communicate with the public to make them believe they are reliable and according to their goals. The mission of traditional and digital public relations is the same. Both have the same plan to increase brand awareness while also putting up a good message to engage with the target audience.
With the advent of online media, public relations have advanced considerably in the last 10+ years. Simultaneously, Digital marketing has become an increasingly significant component of public relations, and online media usage for communication is also increasing.
Do you want to learn how traditional pr and digital pr is different? Digital pr must indeed be integrated into a larger online marketing strategy, and traditional pr does not.
What do digital public relations offer that traditional public relations do not?
Digital PR aims to integrate public relations with other aspects of your online marketing strategy, such as SEO, lead generation, inbound marketing, etc.
Traditional PR can’t help you with SEO or higher search ranks, to name a few. Digital PR, if done correctly, will improve your organization’s overall online presence.
Digital PR can help you get high-quality backlinks from high-authority websites, create a usable sales funnel with your content, boost the ROI of PPC ads, and make use of all the social media interaction opportunities.
In a nutshell, digital pr allows you to accomplish far more than traditional pr if you do it correctly.
Do the Messages Remain the Same?
With digital pr, the message can be far more effective than traditional pr. When engaging with bloggers and online influencers, a greater emphasis must be given to producing high-quality content on a given topic. A topic that the audience will enjoy while also related to your business.
You must be more creative and relevant with your content creation; otherwise, it is unlikely to be published. Traditional pr is more direct and intended for sales purposes.
What Are the Most Often Used Channels and Tools?
Traditional public relations focus on outlets like the general press, niche printed magazines, television, and radio. On the other hand, digital pr has a plethora of different options. Websites, social media platforms, blogs, influencer campaigns, online news, and video portals.
When comparing traditional and digital pr, there are significant differences in the instruments that must be employed, just as there are substantial differences in the channels available.
To get the most out of digital pr, use keyword research tools, marketing automation software, website research tools, and social media outreach solutions.
Are There Any Differences In-Audience Interaction?
Interactions with the audience in traditional pr are usually one-way. A press release details about a new product or service launch but don’t allow any interaction. Also, you can’t measure accurately whether it is effective or not.
On the other hand, digital pr will typically allow interactions and feedback. Your interaction levels will increase if your content is relevant and have an emotional effect on your target audience.
Final Words- Should you go for traditional pr or digital pr?
A healthy mix of both will surely benefit your business. Budget is also a deciding factor about what pr strategy you want to go with. Typically traditional pr costs you more than digital pr.
What are the advantages of working with us?
Public Relations is a part of deliberate marketing communication efforts, and it is a broad notion that encompasses more than just press releases. To express philanthropy or favorable image of enterprise is accomplished utilizing durable strategic planning, implementation, and assessment. The perception of an organization among its audience matters a lot, leading to an upsurge in business growth.
We at Media Value Works think outside the box and create pr campaigns to help firms gain attention and manage their reputation. Our integrated strategies allow us to identify communication objectives and plan ahead of time for flawless execution. We get to know our clients and their needs before delivering custom communication solutions to businesses worldwide. We examine all aspects of a client’s business, including corporate communications, content creation, digital marketing, publishing, analytics, and so on.
To learn more about how we can help you in your business growth, Contact us
Credits:
Content: Vaibhav Chandra, Simran Jain
Infographic: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran
‘Working Capital Management’ for Indian MSMEs & Business Owners
Running a small business needs managing accounts receivables and meeting inventory requirements to manage capacity utilization. Lacking working capital can leave a business owner in trouble. A significant problem for the MSME sector is the timely inundation of working capital or adequate finance that enables the day-to-day running of business operations by allowing MSMEs to make short-term transactions. What can be done to make this situation better?
What is Working Capital Management?
Working capital management is about managing current assets vs current liabilities. The more liquid a firm’s current assets, the better it can manage routine operations. It is helpful for all MSMEs and organizations to manage their finance through the help of working capital management. It is a business strategy created to ensure that a company functions smoothly by using its assets and liabilities to their best use.
Why is Working Capital Management important?
Working capital management affects consumers’ investments and disturbs long-term capital. Thus, an organization’s profit, or rate of return, is affected by imbalances in the working capital. A balanced working capital ratio is vital for business success.
Over-investing in working capital plunges profitability as surplus funds can be used elsewhere. However, less working capital leads to financial insolvency and inadequate funds. An MSME must adopt an aggressive approach to working capital management, which also gravely affects the utilization of an enterprise. Efficient working capital management will result in higher capacity utilization, which improves the work of the industry owners and job creation. Working capital issues also lead to tax hurdles, poor capacity utilization, disrupted planning, control, inventory operations, salary payments, and debt repayment. This also puts a challenge in attracting investments, thus halting growth. Holding an inappropriate balance of current assets and liabilities can have a far-reaching business impact.
Long operating cycles and billing on actuals make it difficult for small businesses to meet immediate financial needs. Working capital balances function as an indicator of operational capabilities and financial health. Good working capital management will result in profitability since it eases the pressure on the business to opt for unviable propositions, minimizes NPAs, and enhances creditworthiness in the market.
How to Manage Working Capital?
An effective working capital management plan brings strategic and financial advantages. One must keep in mind while framing an excellent working capital management plan is mentioned below:
- Understanding Working Capital
- Forecasting of Working Capital Requirements
- Inventory Management Techniques
- Financing your Working Capital Gap
- Limitations of A/R’s – Credit terms, Tools for Liquidation
Working capital management means managing a business’s working capital. The significance of working capital management in an organization can never be undermined. Working capital management objectives include:
- Keeping the business’s liquidity intact.
- Enhancing operating efficiency.
- Decreasing implicit and explicit interest costs.
- Increasing the overall profitability of the company.
Credits:
Content: Siddhi Mahatole
Infographic: Shrikant Landge
Publisher: Media Value Works
Social Media: Ravish Dhiran