|
Setting a PR Budget Budgets are never big
enough. But follow these straightforward tips and you could end up with more bang for your
buck, a more effective programme and that promotion you deserve.
Ten Things You Should Do
-
Plan. Every business needs a
plan, but so often this is a rushed annual task, grudgingly undertaken while enmeshed in
day to day activities. This results in this year’s plan being just like last year’s, but
plus (or often minus) X per cent, with fingers crossed.
-
Take time out to plan properly.
Take time to look at the business, look at the trading environment, understand the threats
and opportunities and what resources you need to counter them and take the business
forward.
-
Use a proven methodology. Paul
Smith, has devised a useful planning tool SOSTAC®, standing for situation analysis,
objectives, strategy, tactics, activity and control. This is worth sharing with
colleagues. The communication plan, after all, needs to nest into the overall business
plan and link to plans for marketing, operations, finance, and so on.
-
Focus on activity not history.
List the key activities arising from the current business plan - new products,
investments, acquisitions, market development, and so on. Now decide what communications
will support these. Specify the required PR activities - how many releases, case studies,
features, press conferences, facility visits, events, road shows, exhibitions, product
placements and when these will happen.
-
Integration and balance. PR is
the most potent (and cost effective) marketing tool you have, but it cannot support the
whole communications programme alone. It needs to be integrated with advertising, web
promotion, sales and other activities, respecting what each of these channels can
contribute.
-
Prioritise. The good old two
dimensional matrix is useful here. Plot each of the activities against a cost and benefit
axis. Use the four quadrants to determine the must do (high benefit, low cost), should do
(high benefit, higher cost), like to do (lower benefit, lower cost) and marginal
activities (high cost low benefit).
-
Slaughter a few sacred cows.
Somewhere in the programme there are almost certain to be sponsorships, exhibition
attendances, long standing advertising commitments that have outlived their usefulness –
kill these off and recycle the cash.
-
Decide what resources are required.
Now, do you have a full and rich programme of activities or is it more a series of
projects? In house resources may meet some of your needs but for others you will need
outside help. Draw a clear boundary between in-house and outside tasks.
-
Brief your PR company. At this
stage you are able to give a full brief to your PR company, telling them what you want to
achieve, what you are planning to do and the services you expect them to provide. Any
decent PR company should be able to give you a firm cost and suggest alternatives that
will be more effective or save you money.
-
Build in feedback. Based on
the objectives you set at the start, decide on the most appropriate form of evaluation to
help you measure effectiveness and improve performance.
Five Things You Should Not Do
-
Don’t forget to be flexible.
Circumstances change, new opportunities arise. Build contingencies into the budget to
allow for this and be prepared to drop more marginal activity to fund new projects.
-
Don’t change the goals.
Tactical changes to reflect changes in circumstances are fine, but reorientation of effort
to achieve different goals sends mixed messages, creates confusion and undermines
confidence.
-
Don’t let history dictate your plan.
Change is so rapid in marketing and media that every activity must be carefully evaluated
for continuing relevance.
-
Don’t let anyone tell you that you
“must have” a capital city agency. The capital has no monopoly on talent. Skilled
specialist practitioners operate throughout the world, are accessible via modern
technology, have equal access to media and do not carry huge capital city overheads.
-
Don’t accept retainer arrangements.
This is an old fashioned payment system where you buy a block of the PR’s time, usually in
day units, to do unspecified tasks. This unfocussed, unprofessional way of working belongs
to the days of gin and tonics, bow ties and mysterious “media contacts”. It has no place
in modern communication.
Further Reading
|
Title |
Author |
Publisher |
|
Marketing Communications |
PR Smith and Jonathan Taylor |
Kogan Page |
|
Planning and Managing Public Relations Campaigns |
Anne Gregory |
Kogan Page |
[Back] [Home] [Up] [Next]
© Ainsworth
Maguire
|