Getting Started
Personal Power
Building Wealth
Stocks and Mutual Funds
Sales Mastery
Business Success


SIGN UP FOR
OUR NEWSLETTER


Quote from
The Baron Son

"Tis not one’s failings alone that produce self-mastery, but studying the causes of such failure, coupled with the persistent application of new methods."

Save $10 and get software with every guide!

25 businesses you can start and run from your home

Business Plan Pro

 

 


   Business Plans | Marketing | Raising Capital | Management

Public Relations Marketing
Excerpt from On Target: The Book on Marketing Plans by Tim Berry and Doug Wilson

Public Relations involves a variety of programs designed to maintain or enhance a company's image and the products and services it offers. Successful implementation of an effective public relations strategy can be a critical component to a marketing plan.

A public relations (PR) strategy may play a key role in an organization's promotional strategy. A planned approach to leveraging public relations opportunities can be just as important as advertising and sales promotions. Public relations is one of the most effective methods to communicate and relate to the market. It is powerful and, once things are in motion, it is the most cost effective of all promotional activities. In some cases, it is free.

The success of well executed PR plans can be seen through several organizations that have made it a central focus of their promotional strategy. Paul Newman's Salad Dressing, The Body Shop, and Ben & Jerry's Ice Cream have positioned their organizations through effective PR strategies. Intel, Sprint and Microsoft have leveraged public relations to introduce and promote new products and services.

Similar to the foundational goals of marketing, effective public relations seeks to communicate information to:

  • Launch new products and services.
  • Reposition a product or service.
  • Create or increase interest in a product, service, or brand.
  • Influence specific target groups.
  • Defend products or services that have suffered from negative press or perception.
  • Enhance the firm's overall image.
  • The result of an effective public relations strategy is to generate additional revenue through greater awareness and information for the products and services an organization offers.

Goals and Objectives

Good strategy begins with identifying your goals and stating your objectives. What are the goals and objectives behind your public relations strategy and can they be measured and quantified?

Each of these areas may reflect the goals your public relations campaign may seek to accomplish.

Press relations
Communicating news and information of interest about organizations in the most positive light.

Product and service promotion
Sponsoring various efforts to publicize specific products or services.

Firm communications
Promoting a better and more attractive understanding of the organization with internal and external communications.

Lobbying
Communicating with key individuals to positively influence legislation and regulation.

Internal feedback
Advising decision makers within the organization regarding the public's perception and advising actions to be taken to change negative opinions.


Next: Gathering Information For Your Business Plan
Related Services: BARON Business Plan and Offering Memorandum Preparation
Other Training: THE BARON SOLUTION 5-Week Entrepreneurship Training


Click for over $3,631 in FREE bonus gifts!

Copyright © 2004—2005 The Baron Series and Long & Silverman Publishing, Inc. All Rights Reserved.