A friend of mine once said that if I ate a Snickers bar that I should put out a press release about it.  I'm not so sure about that, but media relations is a large part of our corporate marketing strategy.

A media campaign can be designed around almost anything.  For example, we send out a press release for every large event such as auction and when we bring on new staff.  In addition our local business paper, Business First, holds a free networking breakfast about every 7-8 weeks.  These events are great for seeing the reporters in a relaxed setting as well as networking.

I am writing this post because I get the impression that some folks are possessed about new marketing venues such as blogging.  Not that blogging is bad.  Quite the opposite, but the old school ways should not be totally discounted.

It is said that being quoted in the news media is the best advertising you can get.  Someone else is proclaiming you the expert. 

To prove my point (and pat myself on the back) I point to the last 12 months in our local market.  There have been 3 articles in about projects I am involved in and 2 about market conditions where I am heavily quoted.  I also regularly receive calls from reporters to get background for things they are writing about, to check facts and (drum roll) to get referrals to other local experts in town.  There are an easy 6 articles out there in the last 12 months where I was able to direct the reporter to another expert that I do business with.  The reporters remember it and so do the people I refer them to.

Something else that is neat is that I can track web hits and incoming call volume increases back to the days following sending out a release.  It is significantly higher following an article with my name in it. 

In short, media relations is good for business.

If you have never written a release before there are a ton of places online that can give you tips, just Google "press release tips".  Who, What, When, Where, Why, How and Company Information.

The next thing to do will be to get that release out to the reporters.  I have gone two ways.  First, you can search your marketplace getting the names of the reporters in your field of choice and contact them about how to send a release.  Most will want email while some of the smaller publications will still request a fax.

The second way would be to use a service such as http://www.prweb.com/.  This is more global and has a fee associated with it. 

I use both, but my personal list gets the most results.  Part of that is due to the relationship I have developed over time.

Good luck.

R

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Ohio Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Ohio Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

 
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9 Comments on Media Relations

APR
08
2008
Yes I agree old school ways should be implemented wit the new ways of net marketing!
5:47am • #1
Rich, great post.  I had a retail business in WV for ten years (way before real estate) and free press was our very best advertising.  I totally agree that a paid ad works even better after an article where you are featured or quoted.
7:02am • #2
609,130 Points 244 Featured Posts Localism Sponsor Outside Blog
Rich, I've been utilizing press releases for years. Not only do they get great exposure but they're FREE!!!! I do press releases every time I sell a  property. My local paper is kind enough to run a nice big picture of the property with my company name right under and the details of the sale. I'm always amazed at how few REALTORS(R) use this service. I get lots of business from it. It gives the consumer the perception that I'm the only one selling properties in Poinciana. 
7:06am • #3
Rich, thanks for the reminder.
7:47am • #4
219,633 Points 4 Featured Posts Outside Blog

Rich, good advice. I once had a Press Release turned into a feature article in a local newspaper. Thanks for the reminder.

Good Post!

8:17am • #5
692,407 Points 72 Featured Posts Localism Sponsor Outside Blog
Rich, you are right.  Media savvy is importnant.  But it's not about sending out press releases or emails.  It's about relationships with the reporters who cover your market.
12:01pm • #6
APR
09
2008
2 Featured Posts
My blog pulls in media asking questions about local markets also but I drop the ball when it comes to proactive press releases so far.  Any chance you want to share that list of yours??
11:29am • #7
116,594 Points 9 Featured Posts Outside Blog

Oooh.  Sorry Joe.  Our contact list and ability to obtain free press is one of the selling points in our proposals.  I am looking to bring in people to focus on the consumer side though.

Rich

8:35pm • #8
APR
11
2008
300,129 Points 12 Featured Posts Localism Sponsor Outside Blog

Hi Rich,

Interesting. I'm a little embarrassed to say this is something I've never really utilized for my own company over the years. We're a smaller independent co. and it seems like those who spend the most buck in the print media get most of the exposure. However...truthfully I'm not so sure I've pressed the issue enough as a broker-owner myself.

Thanks for the reminder and heads up on the link.

11:41pm • #9

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Rich Kruse

Columbus, OH

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Gryphon USA, Ltd.

Address: 9387 S. Old State Rd., Columbus, OH , 43035

Office Phone: (614) 885-0020 x 17

Cell Phone: (614) 885-0020

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A lighthearted and informative look at the real estate and asset sale professions. The Gryphon Organization provides real estate, auction and asset management services through a variety of subsidiaries including Gryphon Asset Management and United Country Ohio Realty & Auction Group.


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