In this time of economic uncertainty, many organizations pull in their marketing efforts and go under the radar in an effort to save money. However, some of the most experienced business executives have suggested that slashing PR and Marketing is the last thing you should do:
“Historically, PR, Marketing and Advertising budgets are the first to be cut; however, that could be one of the first mistakes a business makes in an economic crisis.” CBSMarketwatch
“It’s incredibly important to be risk-takers in the economic climate we’re in, when people have a tendency to pull back. In economic times like these, you don’t hunker down and go in the bunker,” Michael Mendenhall, senior vice president and chief marketing officer at Hewlett-Packard
New York Times
“Ramp up PR and marketing communications aggressively,” Marketing Sherpa, (summary of Sequoia Capital presentation takeaways)
“Don’t go to the ledge. Don’t let the urgent overwhelm the important. It’s very easy now to panic, and we cannot panic. Invest in your brands now, especially in these dry times. The easiest thing is to shut down, and that’s the worst thing.” Joseph V. Tripodi, chief marketing and commercial officer, Coca-Cola
New York Times
So what can you do and how can we help?
So you’re not HP or Coca-Cola and you definitely need to watch your marketing budget. We want to help you do so without giving up on PR and Marketing. As a result, for any organization that partners with PerkettPR by 12/31/08, we’ll include a social media boot camp at no cost and an incentive-driven three month trial for your PR campaign*.
Why social media? Well, there’s a lot of chatter about PR and social media these days. In particular, a recent panel event hosted by an industry peer stirred up the question “Is Social Media Killing PR?” No, social media is not killing PR – in fact, for those who “get it,” social media is making PR stronger and better. But you need to make sure you’re working with someone who understands it – and that happens through participation. PerkettPR has long been participating and learning – and we want to help others understand why social media is a good thing for PR, not a PR killer. In addition, social media is an affordable way to maintain brand presence and increase awareness – when done right.
PerkettPR is proud to have received positive industry feedback about our ability to bridge the gap between traditional PR, “PR 2.0” and social media. Jennifer Leggio of ZDNet recently referred to us in her post “Social Media Will Not Kill PR but it does expose industry weakness” – as one of the handful of PR firms who “get it.” Well-known social media and digital relationship master, Chris Brogan, long ago referred to PerkettPR as an innovative agency leading the way in PR and social media:
“Perkett is versed in the traditional tools of PR, but also skilled in the emerging social media and social networking space. LOTS of organizations are claiming this, and there are lots of leopards out there changing stripes. Christine and her organization are walking the talk. Pick an emerging social network, and I promise you, Christine will have an account, or she’ll have already decided it’s not a value to her clients. That alone is worth your attention and consideration.”
In addition, IT journalists recently rated our firm as one of the Top Tech Communicators – proactively identifying (no predetermined list) PerkettPR as a “best of the best” to work with, in a survey by PRSourceCode. Mike Arrington of TechCrunch calls us “one of the good guys” and says, “When you guys call, I pick up the phone,” in the comments of his August post about PR.
PR is important and social media is a new and crucial element to enhancing its effectiveness. Work with us to learn how to maximize your PR and marketing efforts even in a down economy. Consider it our “PR Stimulus Package.”
For more on the importance and influence of social media, read:
Moms and Motrin, New York Times
The Five Questions Companies Ask About Social Media, Web Strategy blog by Jeremiah
Social Media will Change your Business, BusinessWeek
Social Media: A Business Marketer’s Guide, iMedia Connection
Tags: marketing in a down economy, Motrin Mom, PR 2.0, Public Relations, Sequoia Capital, Social Media