flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Public Relations for Small Business

Editor's Note: Take a look at our featured best practice, Marketing Theories and Strategies (122-slide PowerPoint presentation). Curated by McKinsey-trained Executives Unlock the Power of Marketing Excellence with Our Comprehensive Business Toolkit: A 120+ Slides PowerPoint Deck In the fast-paced and dynamic world of business, staying ahead of the curve requires a deep understanding of **marketing [read more]

Also, if you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

* * * *

10888776353_9c71574e19_bThese days, more and more small business owners are looking for ways to keep their companies in a state of constant growth. If this is your goal, it’s important to note that obtaining top notch public relations services can help you realize the objective. Review the quick reference guide found below to learn more about how public relations strategies can keep your small business going and growing:

What Is Public Relations?

Public relations is a process that involves developing and optimizing the relationship a company has with the public. This process is largely about cultivating a strong, positive public image for the client’s brand. A good PR campaign will involve managing all of the communication and relationships between the public and the brand owner. In today’s world, this process is oftentimes accomplished through the use of the traditional press as well as online mediums like social media. Additionally, there are many PR Guides out there that can help you learn the basics.

Why Obtaining Public Relations Services Is Advantageous

There are several reasons why hiring a public relations firm can be advantageous for your small business. One of them includes the fact that these individuals will know your industry and competitors extremely well. They will also know the context that your brand is utilized in as well as the ideological slant and identity constructs of your customers. They will then take this information and implement strategies that enable you to interface with your target market in a productive, positive way that fosters curiosity, engenders conversion, and facilitates brand recognition.

How Public Relations Works

Despite obtaining a definition of public relations, many small business owners still feel that they are at a loss regarding how this mode of business-building works. To increase your understanding, consider the following data:

1. It Involves Mass Communication.

Although public relations is in large part designed to develop a sense of relationship between the individual and the brand owner, it oftentimes works through the use of mass communication. This could be anything from e-newsletters to brochures. These methods help ensure that the prospective customer or current client is continually reminded of the business owner’s brand, its value, and the need to invest in products and services.

2. It Builds up Credibility.

Public relations strategies are used to boost a business’s credibility. This process works as the firm utilizes intermediaries who engage in ongoing communication with the brand owner’s primary audience. These intermediaries are trusted to filter out irrelevant, inaccurate, and nonsensical information. Thus the messages that are communicated from the intermediaries to the audience are deemed credible.

3. It Is Not Equivalent to Advertising.

While public relations is in many ways similar to advertising, there are several substantive differences. Specifically, advertising is oftentimes appropriated to make the public aware of a new product or service offered by the brand. On the other hand, public relations is used to convey information that is deemed news worthy to the target market. This process helps ensure that your small business becomes more influential and relevant to contemporary audiences. Additionally, advertising is typically about building the client’s business by optimizing and accelerating the conversion process. However, public relations is often used to show customers how a business owner’s products and/or services are being used to solve problems.

4. It Can Transpire Online.

Oftentimes, people think of public relations in terms of communication that takes place through traditional modes of advertising like radio ads, commercials, billboard signs, and brochures. However, it’s important to note that the efficacy of public relations in the 21st century results from the fact that much of it transpires online. There are a wide range of online PR strategies that a firm can use to increase the small business owner’s level of visibility and influence in the Internet sector. Some of the more prevalent strategies employed include:

  • web design and development
  • content marketing
  • online reputation management
  • social media optimization (SMO)
  • search engine optimization (SEO)

Types Of Public Relations

There are several different types of public relations services that a firm can offer to help build your small business. Some of them include:

  • Special Promotions
  • Special Events
  • Internal Relations
  • Public Affairs
  • High Tech PR: blogging, social networking
  • Community Relations
  • Crisis Communications
  • Media Events
  • Public Press Conferences
  • Trade Shows

How To Find An Excellent Public Relations Company

Once you realize the role that a public relations company can play in pushing your small business forward, you may be ready to find the ideal firm. To ensure that you can do so, make sure you select a team of industry professionals who possess all of the following characteristics:

  • an A+ rating from the Better Business Bureau (BBB)
  • good online reviews
  • fair pricing
  • industry experience (at least a decade)

Conclusion

If you’re serious about ensuring that your small business remains on the path of perpetual growth, you should consider the value of investing in public relations services. Utilize the information listed above to determine whether doing so would be appropriate and advantageous for your company.

98-slide PowerPoint presentation
Growth can be achieved through corporate marketing (i.e. organic growth) or M&A (i.e. inorganic growth). The traditional approach to growth focuses on product differentiation and then marketing this differentiation. However, research and experience has shown, the differentiated, [read more]

Want to Achieve Excellence in Strategy Development?

Gain the knowledge and develop the expertise to become an expert in Strategy Development. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

"Strategy without Tactics is the slowest route to victory. Tactics without Strategy is the noise before defeat." - Sun Tzu

For effective Strategy Development and Strategic Planning, we must master both Strategy and Tactics. Our frameworks cover all phases of Strategy, from Strategy Design and Formulation to Strategy Deployment and Execution; as well as all levels of Strategy, from Corporate Strategy to Business Strategy to "Tactical" Strategy. Many of these methodologies are authored by global strategy consulting firms and have been successfully implemented at their Fortune 100 client organizations.

These frameworks include Porter's Five Forces, BCG Growth-Share Matrix, Greiner's Growth Model, Capabilities-driven Strategy (CDS), Business Model Innovation (BMI), Value Chain Analysis (VCA), Endgame Niche Strategies, Value Patterns, Integrated Strategy Model for Value Creation, Scenario Planning, to name a few.

Learn about our Strategy Development Best Practice Frameworks here.

Readers of This Article Are Interested in These Resources


68-page Word document
Marketing can make or break a business. Done right, it can help you establish a profitable position in your market. Done wrong, it can be a costly mistake that puts you out of business. With so much at stake, it's essential to have a plan that puts you on the right track. Introducing our marketing [read more]


 
63-slide PowerPoint presentation
 
 
21-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.

,





Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.


Connect with Flevy:

     
  


About Flevy.com   /   Terms   /   Privacy Policy
© . Flevy LLC. All Rights Reserved.