Looking to get more media coverage for your brand? It may be tempting to pay a PR firm for media placement, but is it really worth the cost? Let’s have a look at the pros and cons of paying for media placement and help you decide whether it’s the right strategy for your business. For starters, I’ve paid a PR firm to use their relationships and trust and get me booked on national TV. I’ve paid thousands of dollars to get well-deserved mentions in “top 10” lists and I’ve done my own PR work and pitched journalists and others to cover me or interview me. Getting covered by the media works and is good to get, however legal and ethical way you can get it.
Why Media Placement
Firstly, let’s talk about why you might consider paying for media placement. Perhaps you’ve been trying to get a mention in a specific publication for months but with no luck. Or maybe you have a new product launch coming up and want to guarantee that it gets covered by your target media outlets. In these cases, some PR firms offer “pay-for-play” services that promise results for a fee.
However, there are definitely some drawbacks to this approach. For one, paying for media coverage can be expensive. Depending on the publication you’re targeting, you could be looking at thousands of dollars just for one mention. Additionally, there’s no guarantee that just because you pay for placement, you’ll get the coverage you want. Journalists are still independent and have the final say in what they publish.
That being said, paying for media placement can work if done correctly. It’s important to work with a reputable PR firm that has established relationships with journalists in your industry. They should be able to craft a compelling pitch that aligns with the publication’s style and focus. It’s also important to be transparent about the fact that you’re paying for placement – not only is it ethical, but it can also be a selling point for journalists who are looking for newsworthy stories.
Another benefit of paying for media placement is that you can sometimes get coverage on the exact terms you want. For example, you could pay to be included in a “top 10” list or to have a product review published. This can be particularly valuable for businesses in competitive industries that need to stand out from the crowd.
In the end, whether or not you should pay for media placement depends on your specific goals and resources. If you have a large marketing budget and need to generate buzz quickly, paying for placement might be worth considering. However, if you’re just starting out and have limited funds, it might be better to focus on building relationships with journalists organically. And no matter which approach you take, remember that media coverage alone isn’t enough – you need to actively promote it to your target audience to reap the full benefits.
Ramon is an in-demand small business expert, who has started 5 companies and sold 3 companies. He’s the publisher of ZoneofGenius.com and BWCDaly.com. Ramon is a motivational keynote speaker and event host. Check out his latest book, “Celebrity CEO”, all about personal branding for entrepreneurs and small business owners. Get help from Ramon for your business at CelebrityCEO.com/coaching . Learn more about Ramon at RamonRay.com