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PR metrics — Measuring the Impact of Earned Media
May 01, 2009Posted by: TrilixIt's great to get a front page story about your company in the newspaper, but how can you measure its impact on your business?
While there is no "one-size-fits-all" solution to measuring earned media, a strategic media relations program presents several ways you can measure that front page story for its effectiveness and relevance to your target audiences.
Content Analysis
Research fans, this one's for you – and it's going to give you the best idea of the impact your article has. Content analysis is literally analyzing the content of the article to determine the positive, negative or neutral value in different elements of the story.
Items typically looked for in content analysis include spokesperson quotes, photos, key message delivery and clarity, article placement and article importance, among other items. These items are marked or charted and then rated as positive, neutral or negative – or sometimes given a number value.
Charting content analysis is a great way to see how a company is portrayed in the media or whether a spokesperson is effectively communicating key messages across various media platforms.
Content analysis can be time consuming if there are a lot of categories to chart. The good news is, it allows for a customizable system for media relations efforts and a way to track media relations successes over time.
Advertising Equivalency (also called PR value)
Probably the most controversial method to measure earned media, PR value is still widely used in the industry. The controversy lies in whether or not you can equate a front-page story to a front page ad, because, well, most newspapers won't sell you a front page ad, and a news story has more credibility than an ad. While it's not a true apples-to-apples comparison, putting a dollar amount on the article can help those who are more numbers-focused see how PR work can be a more cost-effective way to get your message out to the public.
While there are many ways to measure PR value, a basic formula is as follows: column inches (or the size of the article) times the ad rate, then that total is given a multiplier (M) of two, five or sometimes ten (based on how much "value" the article has.)
(Size x Rate)M = Value of earned placement
This method isn't rocket science, nor is it always the best method to determine the actual value of earned media. We always recommend using content analysis with PR Value for a better idea of what an article meant for your company.
Plan your work, work your plan
Yes, it's always going to come back to planning. What were the goals in your marketing plan? Trying to increase Web site traffic? Check your Web statistics the day the story runs. Want to sell more products? Check sales figures the day before, the day of and a few days after the story appears. Trying to increase event attendance? Ask ticket buyers how they heard about the event and capture that information! Wrapping your media relations strategies around the goals in your marketing plan helps enhance the number of times a potential consumer sees the message.
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The Media — A Powerful Ally
November 01, 2008Posted by: TrilixA crucial part of any good public relations campaign is how you handle your relationships with members of the media. These key individuals can really help or hinder your message when it matters most.
Don’t wait until a crisis or issue arises to get to know the influential reporters and editors in your field. You will not be able to form a trusting relationship in this short amount of time and they won’t know enough about you or your company to be of much help.
While you are not going to form deep, stable relationships with everyone in the media, a good place to start is locally. Know who you can call at your local paper, TV and radio stations. The larger the paper, the more staff they will have on hand, so make sure you are building relationships with the right people—those who will be covering your area of interest. For example, if you are in the agriculture business, the entertainment reporter would not be reporting your story.
One way to get your foot in the door is to provide the media with a media kit, outlining what your organization does, its mission statement, product or service information, key people, contact information, any recent press releases or clippings of stories that have run, photos, calendar of events, logo options, and any other significant information you may have to share. If you can, try to set up a meeting with key reporters to share this information with them, and let them share information about their publication with you. This often gets a conversation going and can open a door to future collaborations.
Once you have an ongoing relationship established, you are more likely to be seen as a vital resource in your field and for your organization. The more often you have contact with the media, the more likely they are to remember you and your organization should they need an expert’s opinion for a piece they are writing.
Should a crisis occur, you will find great relief in knowing who you can call to get your message out. If there is already a good relationship built, your media representatives will trust you and want to help.
Always return phone calls from reporters in a timely fashion. If you don’t tell your story, someone else will. And it may not be the message you are looking to get across. It is perfectly acceptable to ask the reporter what questions they will be covering and get back to them. You may feel someone else in your organization is better equipped to handle the interview, which can establish even more credibility within your organization.
Saying “no comment” is one of the worst mistakes interviewees can make. If you are not sure of an answer, admit it and let the interviewer know you can follow up with him or her.
Working with the media can sometimes be an intimidating experience. Establishing good relationships with key people will pay off when you are in a bind. Keep your organization in front of these people, and they will begin to see you as an expert and call on you when needed. If your organization is looking to work with the media, Trilix offers media relations training and can help you get on the right track.