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Page 1: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi
Page 2: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Media

Leveraging Media Relations

N Bringi Dev

July 05, 2014

Page 3: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

What?

Why?When?

(w)How?

Who?

Page 4: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Why?

Page 5: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi
Page 6: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

What can Media Publicity Do for You?

� Build awareness

� Potential Employees

� Investors and Banks

� Possible Partners

� The public at large

� Build Brand and Value

� Generate Business?

Page 7: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Media

Relations

& Public

Relations

Advertising,

Promotions,

Sales

Page 8: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Caveat:There are No Free Lunches!

� While media relations appears to be ‘free’,

there are costs involved:

� Financial costs

� Collateral

� Outside resources..

� Non-financial

� Time!

� Work!

� Consistent Focus!

Page 9: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

When?

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An Absolute Must Read

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When?

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When?

Networking +

WoM

Push PullPush +

Pull

Advertising

+ MRMR

Advertising

+ MR + PR

Note: My adaptation

Page 13: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Public relations vs. media relations

How is it different from Advertising?

Advertorial vs. Editorial

Page 14: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Types of Public Relations

� Offline

� Online

� Social

Source: Alok Kejriwal

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Does Offline PR Still Matter?

� There is a market of decision makers (CEOs of

Companies, Heads of Departments, Senior

Govt. Officials, etc) who only read print.

� The online websites of large publications have

large audiences and once you are written up in

print, you automatically get featured online too.

� Think of it as ‘proof of concept’ test. The day you

can make it in the Fortune or Time or The

Economist, you have done something

worthwhile.

Source: Alok Kejriwal

Page 16: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

How are

we doing

thus far?

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What?

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The Media Milieu

• Time

• Channels compete

• E-relationships

• Low attention span

• Technology massively propagates pictures, videos and ephemera

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News is a Product

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What media wants

Conflict of Interest?

What ‘sources’ want

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Messaging Model

Messages

Target

Audience

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Messaging Model - Now

Messages

Influencer/

Opinion

Leader

Target

Audience

Page 23: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Opinion Leaders

� Have credibility

with readers that

media wishes to

leverage

� Political figures

� Celebrities

� Community/

religious leaders

� Teachers

� Media analysts

� Industrialists/

Investors

Page 24: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

BEHIND THE NEWS

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Behind the Scenes

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Who Decides?

� Editors commission stories/columns

� Journalists/writers file

� The Editors decide

� Sub-Editors hack the story

� Priorities change all the time

Page 27: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Journalist Roles

27

journalist has a personal

role

personal approach is allowed for the

journalist

journalist must be objective

newsroom

work only

commentary, note,

columns, opinion

news, news feature

story

reporting

interview

Page 28: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Traditional Interaction Model

Spokesperson

PR

Agency

Readers

Wire/News

Services

Spokesperson

Spokesperson

In-house

MarComm

Journalists

Editors

Analysts

Web Sites

Other

Stakeholders

Editors

Investors

Readers

Page 29: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Lower Hanging Fruit

� Bloggers

� Niche/Trade/Industry publications

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Start-Up Publications

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(w)How?

Page 32: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Fundamentals

� Know thy TA!

� Whom are you talking to?

� How do I reach them?

� What do they read?

� Know thy messages!!

� Find the right publications to reach your TAs

Page 33: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Getting Past the Gatekeeper

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Connecting

� Who are the journalists that write in your

area?

� What kind of stories do they write?

� Comment on their stories online –

responsibly yet provocatively

� Write to them, but not spam them

� Find out who their commissioning editor is

� Give them reasons to want to know you

Page 35: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Network, network, network

� Conferences & forums (sic): Speak!

� Attend entrepreneurship group meetings

� Be active part of the eco-system

Page 36: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Connecting Online

� Develop serious blogs

� Be the expert

� Have a trenchant point of view

� Comment on relevant issues

� Develop an individual Brand personality

Page 37: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Be Prepared

� Develop a pitch for the media

� Focus on highlighting the aspects of your offering that they think will be useful to their readers

� Have a media page on your site

� Your pitch is a ‘living document’

� Develop a media kit: online + offline

Page 38: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Any

Questions?

Page 39: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Who?

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Make vs. Buy?

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You are the Business!

“The vast majority of the time,

the founders are the

voice and heart of the company.”

- Brooke Hammerling, Brew Media Relations

Page 42: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

DIY MR

� Is there a media-savvy person in your

founding team? Why Not?

� No Idea? Get Idea

� Can you find a media relations person

cheap?

� One-person outfits exist - call themselves consultants – select one who comes recommended by someone you trust

� The Moonlighter Option

Page 43: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Send Out News!

� Blog!

� Web site Media Section

� E-newsletter

� Create & post media releases for free

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Page 45: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

To Agency or Not to Agency?

� Only three reasons an early-stage company

should consider retaining the services of a

firm:

1. It’s entering a crowded market.

2. It’s a very disruptive company that needs to

get out there ahead fast.

3. There’s a legacy CEO involved who has

history with the press. - Brooke Hammerling, Brew Media Relations

Page 46: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

A Few Bright Ideas

� MR Now – Pay Later

� Find a PR agency that will provide consulting now for a slice of the business or later

� Work on a pay for results basis

� Fledging agencies may be willing to work for

costs

� Get your investors to help you connect

� They have a vested interest

� Most times we do not ask them..

Page 47: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Stay the Course

� Like all relationships, building media relations

takes time

� Be prepared for the long haul –it is worth it!

� Most importantly – the leadership team needs

to invest time and effort to make it work.

Page 48: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi

Last chance!

Any

Questions?

Page 49: Leveraging media relations | Media For Startups | Prof. Bringi Dev | Jul 05 @ IIMB Audi