Who do you think will do better come Black Friday? A business that has a lot of media coverage about its product or service, or a business that doesn’t? If you’re hoping to get media coverage for Christmas sales, you’re probably too late. Most media outlets plan their holiday stories well in advance; we’ve been pitching our clients’ Christmas stories since mid-summer. While it may be too late to get your product in the news for this holiday shopping season, it’s never too late to get your product publicity on track. News coverage about your product is one of the least expensive and most effective promotional channels out there, yet most businesses skip over it or give it watered-down attention at best. If you’re starting to think about how to budget your marketing dollars for 2011, consider earmarking a good chunk for product publicity.
We sell publicity per story, not by the hour. As a rule of thumb, it’s difficult for clients to spend more than $60,000 a month with us because at that point we’re capturing the lion’s shares of available opportunities. Most clients seem to settle on about 10,000 to 40,000 bucks a month. It’s a relatively small amount of money considering you can control and maximize an entire promotional channel for that amount. If you would like to learn more about the types of media stories, both traditional and online, that are available for your product, service or company, give us a call. Getting a handle on public relations and controlling that promotional channel for your product might be the smartest marketing move you make in 2011.
Lonny Kocina is the CEO and Founder of Media Relations Agency which has been in business for nearly 35 years. During that time, Kocina also founded and sold two other businesses: Mid America Events and Expos, and Checkerboard Internet Services. Prior to that, Lonny worked as a marketing director for Investment Rarities Inc., a company with sales over 4 billion dollars. Kocina has also been a long time member of Vistage International which is a CEO peer mentoring organization. He was also a volunteer marketing mentor for Junior Achievement and the Carlson School of Business. For fun he has taught Principles of Marketing at the college level, and his recent book, the “CEO’s Guide to Marketing” is an Axiom Business Book silver medal winner as well as an Amazon bestseller. Lonny likes to kid that his third grade teacher may have summed him up best with a note sent home on his report card. “Lonny is a daydreamer and he’s getting worse each day. He complains of a stomach ache a lot and I don’t think he likes school much either.”