SKC Insights

It’s 3 in the morning. You’re wide awake and your mind is besieged. Your competitor just sent out a new funding press release. How do you match that? Why is it so hard to reach the right investors? The right customers? Your team throws ideas at you. Dazzle with 3D presentations. We better be everywhere – on TV, on TechCrunch, on Facebook, LinkedIn, at tradeshows, everywhere! And don’t forget blogs, white papers, case studies, and email campaigns! And on and on and on.

It’s now 4am and sleep eludes you. You’re overwhelmed. Why are PR and marketing such enigmas? You know you need it to truly grow and attract investors and customers. But how? Where do you start? To think you once thought asking Rita to the prom was the toughest thing you ever did.

Sure, PR and marketing may feel daunting. But we’re here to say it doesn’t have to be. Take a deep breath, let go of everything you think you have to do. Instead, focus on just two steps that will make all the difference: First, build your foundation, and second, build your house.

This is what we mean: 

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“Because the purpose of business is to create a customer, the business enterprise has two -- and only two -- basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.” – Peter Drucker

For far too many companies today, the main focus is on engineering and product development. This laser focus bodes well for creating breakthrough innovations. And while these products may indeed change the world as we know it, without marketing and PR, no one will ever know about them. This gives companies with better PR and marketing, but not necessarily better products, a competitive edge.

If you’re not convinced, here are 5 reasons why you should care more about PR and marketing:

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You’re proud of your startup, and rightly so! Building a startup is no mean feat and you want to share your company with the world. As a new company looking at the giants monopolizing your industry, this can be daunting. But a good dose of PR and marketing can give you the leg up you need.

Even the big guys rely on PR. As Bill Gates said, “If I was down to my last dollar, I’d spend it on public relations.” Not convinced it’ll work for your startup? Just take a look around! Many startups get their foot in the door for new customers and potential investors by leveraging proven public relations and marketing strategies.

Here are 4 examples of how PR changed the lives of these startups for the better:

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We hear you. The marketplace is brutal. Customers are fickle. Competitors are breathing down your neck. And worse, some prospects have never even heard of you! You need positive press coverage and brand awareness yesterday — there’s simply no time to wait.

We wish we could come in and magically wave a wand to get you some visibility right now. But, unfortunately, public relations doesn’t work this way. PR, like so many other business processes, rewards the companies who approach it with preparation, commitment and time.

Getting rid of misconceptions and myths — and facing these 6 hard truths about PR — will help you gain traction and take advantage of all it has to offer.

 

Truth #1: PR Takes Time

Effective PR takes time. Like the sales process and growing a pipeline, PR is something we can’t do one day and walk away from the next. Companies in the know start by building a solid messaging and story foundation, creating quality content and relevant news angles, and cultivating the right audiences. This takes ongoing commitment and a regular sharing of your story in a variety of interesting ways to achieve PR success. The best results come to the companies who stick with it.

 

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When Steve Jobs received his first big investment for Apple – $250,000 from angel investor Mark Markkula — it was meant for the development of the new Apple II product, the first major Apple product to hit the masses. However, before he started investing in new hardware, Jobs hired the best PR professional in Silicon Valley, Regis McKenna. Jobs knew before he could focus on building the products that would launch his company that he needed to have a PR plan in place.

Jobs embraced PR, and so do Richard Branson and Bill Gates. How about you? In fact, Gates once said, “If I was down to my last dollar, I’d spend it on public relations.” And these business titans aren’t alone in their fervent faith in PR. Many executives from companies feel the same.

Here are 14 reasons why:

 

1. Master Your Message

If you don't tell your story, others will tell it for you. Avoid negative or misleading press by presenting the best version of yourself with public relations.

2. Differentiate Yourself

With so many products and services out there now, it is far too easy for customers to get overwhelmed. Good PR programs can make you stand out from the pack. As Seth Godin says, “People do not buy goods and services. They buy relations, stories and magic.”

3. Create Buzz (and Adoration)

Do you have a product coming out? Start building that fan and customer base by influencing the influencers. Stoke that excitement with social media, bloggers, journalists, grant interviews, offer reviews and you’ll see awareness evolve to adoration.

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