Two PR Trends Percolating Right Now; PR Industry Growth Holds Steady at 5%

In case you missed it The Holmes Report reported in April that public relations industry growth held steady at about 5%. Here’s an excerpt from their story on this followed by two warm PR trends I see driving demand.

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“The research reveals that the Top 250 PR firms reported fee income of around $12.3bn in 2018, compared to $11.7bn for last year’s Top 250 ranking. That growth was underpinned by a rebound from the world’s Top 10 PR firms, which improved their toplines by 4.9% on a constant currency basis, compared to +3.3% in 2017, led by strong performances from BlueFocus (up 10.8% in constant currency terms), Brunswick (+7.7%), Ogilvy (+9.6%), FleishmanHillard (+6%) and Weber Shandwick (+5%).” (The Holmes Report, April 29, 2019)

That’s steady growth. But not remarkable.

Taking the what-is-happening-in-PR conversation further, here are two warm PR developments driving this growth. I’ll explain: either CMOs are hiring agencies and consultants to run campaigns focusing on these things, or the agency folks are recommending them to clients. I say “warm” not “hot” because these trends have been percolating for a while now.

Two warm PR trends right now:

  • THE RISE OF THE MICRO-INFLUENCER: PR professionals and their marketing counterparts are more aware of and paying more quality attention to those social media folks who have tens of thousands of followers. Companies like Tom’s of Maine and Banana Republic have especially been paying attention to this new frontier of marketing according to PR Daily. I like this definition from PR Daily:

Micro-influencers have more followers than most people—typically in the 1,000 to 100,000 range—but fewer than celebrities and established luminaries in fashion, entertainment or sports. They tend to have a very engaged, loyal fanbase in niche B2B or consumer categories, and they are affordable even for small organizations. Superstars might have more reach, but they have less time to engage with fans.  -(PR Daily, The Rise of Micro-Influencer Marketing, 2017)

  • GENDER EQUALITY AS A KEY FOCUS: With the Me Too movement being so prominent in most of our business lives — every day and sometimes hourly it seems — it’s not surprising that communications campaigns focus on treating women with respect. There are many aspects to this: paying them what men make, hiring more women and putting more on an executive board.

Here’s an example: Intel constantly mentions its focus on the importance of hiring more women. I see press articles quoting them saying this, for example, “Intel’s New Diversity Chief On the Secrets to Hiring and Retaining,” (San Jose Mercury News, Nov. 29, 2018) and friends have told me that Intel hiring managers have told them this.

In fact one male friend told me, “I talked to Intel about working there but the hiring guy said, unless you are a female, forget it. You won’t get hired.” Well that’s a little extreme and I’m not sure those were the words verbatim but as a women I’m generally okay with the idea. By the way, my friend got a job with an Intel competitor.

I do hope Intel actually did hire more women. I haven’t looked up their actual progress in that respect. I did read that they made huge progress in gender pay equality.

As an aside and while keeping with the theme of respecting women, oddly the PR industry still has a long way to go in pay equality. A 2016 PRWeek survey says that a male executive makes $125,000 while a female makes $45,000 less at $80,000. To quote Austin Powers, “Crikey!”

Oh and if it’s a PR pro in the Silicon Valley or San Francisco Bay Area, expect all of those numbers to be a lot higher. Everything costs more here and usually people get paid accordingly. To me $80,000 is more of a junior PR person’s salary. Managers and directors in the Bay Area should be paid over $120,000. Nonprofit publicists make a lot less of course; some work pro bono.

There are many other PR industry developments that go along with this steady growth reported by the fine folks at The Holmes Report. I will be writing about those in coming weeks.

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Michelle McIntyre is the president of MMC PR, a 6-year old Silicon Valley PR consulting firm. She’s an IBM vet with more than 10 awards for outstanding PR results, most in B2B tech, and a closetful more for community service. She’s considered a #collaboration and #futureofwork micro-influencer; as part of this she blogs for the Microsoft website from time to time. Follow her at @FromMichelle

The Holmes Report on the growth of the PR industry story, April 2019, is here.

PRWeek 2016 salary survey is here.

Photo credit: Shutterstock

My 7 Absolute Favorite PR Trends for 2019

I zealously perused several impressive 2019 public relations trend articles and tips today. Here are my seven favorite tips. Most of them list who said it and an associated Twitter handle.

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Some of them are evergreen; others are more timely.  Happy reading!

1) Create your own news.

“Creating news that promotes thoughtful discussion of your brand is possible by commenting or riding on the waves of current news.”

Source: Critical Mention Blog

Follow @criticalmention

2) Artificial intelligence will continue to be a theme.

“AI will continue to be a theme in the new year, as we get a clearer idea of the role it will play and how it can help enhance what PR pros do.”

Who said it: Michelle Garrett

Source: Meltwater Blog

Follow @Meltwater and @PRisUS

3) The micro-influencer finally gets some respect in PR.

“I’m thinking that 2019 will be the year that the micro-influencer finally gets some respect in PR, particularly for those who toil in the B2B sphere.”

Who said it: Lou Hoffman, CEO, Hoffman Agency

Source: Meltwater Blog

Follow @LouHoffman

4) The lines between marketing, PR and fake news blur.

“Another big challenge is how to produce effective storytelling as the lines between marketing and PR blur and fake news and fact continue to battle it out.”

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Who said it: Melissa Hoffmann, Editor, PR News

Source: B2B PR Sense blog

Follow @WendyMarx

5) You can’t wield influence with freebies.

“We all know you can’t wield influence with cookies or taco lunches. You’re not buying a journalist’s favor by doing what most business folks do on a daily basis. But don’t shower journalists with freebies. It’s awkward, so it’s best not to place you or your client in that kind of position.”

Who said it: Ms. Kyle Niederpruem

Source: PRSA blog

Follow @PRSA

6) Make Siri and Alexa your friends.

“PR pros must become knowledgeable in how their clients can use AI for online chat and when their clients should not use it. We’ll be relied upon to help guide the flow of the text being used and when the chatbots should pass the conversation over to human employees.”

Who said it: Ebony Grimsley-Vaz of Above Promotions quoted by Michelle Kane

Source: Ragan Communications blog

Follow @RaganComms

7) Content will always be mobile first.

“The average American looks at their smartphone 52 times per day, according to Deloitte research, and more than a third admit to using their smartphones for work purposes ‘very/fairly often’ when they’re not officially ‘on the clock.’ More screen time means more opportunities for you to reach your (audience). But smartphone screens and mobile experiences are vastly different than what buyers get with a desktop or laptop.

2019 pr trends

B2B marketers, in turn, are going to be rethinking the way they approach content experience and design.”

Who said it: Alicia Esposito, Content Strategist

Source B2B Marketing Zone

Follow @content4demand

8) Press relations alone won’t cut it in 2019.

Great public relations professionals will need to understand a myriad of modern communications techniques and adapt accordingly in 2019, if they haven’t already. These include blogging, quality social media engagement, thinking about online communications as “mobile first” and a hyper focus on images and videos. Yes, this means that a PR practitioner without a social media profile head shot or a private Twitter account should be sent to marketing jail.

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Who said it: Michelle McIntyre of Michelle McIntyre Communications LLC

Source: Michelle McIntyre Communications LLC blog

Follow @FromMichelle

(C’est moi!)

By the way, it is “who said it” and not “whom said it.” The trick for figuring out which word to use is to replace “who” with “she” and “whom” for “her.” Then ask, which one sounds better? Since “she said it” sounds better, I went with “who said it.”

Have a phenomenal 2019.

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Michelle McIntyre, founder of Michelle McIntyre Communications LLC, is an IBM PR vet. A 2018 Ragan.com article says she’s one of the Top 50 PR professionals to follow on Twitter. @FromMichelle

Photo credits: The top three representing chatbots, storytelling and mobile images are from Canva and the bottom one is mine.

10 Premium Tips to Kick-start Your New Business

By Michelle McIntyre

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October marks the two year anniversary of my public relations consulting business. Since I left my corporate job and started working for myself, I have produced results for 10 clients. They have included consumer and B2B software app start-ups, engineering services and clean tech firms and the third largest technology company in the world.

If you are thinking of starting your own consulting business, here are tips. These are things I’ve learned along the way.

1. Set a goal and make it realistic! You’ll need a few months to set up a website, figure out your finances, and develop your brand. Don’t plan on getting a customer during that time. I achieved my goal of acquiring my first customer less than a month after I launched my website. In fact I got two customers during that time.

2. Legally define it early. For example, is it going to be an LLC, single member LLC, or S-Corp? An LLC allows you to own your company name and generally protects your private property from being taken should someone sue your business and you lose. Read up on the definitions and consult a lawyer before finalizing the plan.
Be aware that in California, LLC’s have an annual $800 fee-tax on top of regular taxes.

3. Figure out your formal business name. If it’s an LLC, you can choose to add “,LLC” or just “LLC.” If you choose to freelance consult without forming an LLC or S-Corp, etc., be ready to put your social security number on W-9s that you need to fill out for some clients. I have an LLC and just put my EIN number on forms, instead of my social security number.

Unfortunately different lawyers and tax experts may give you conflicting advice on this topic.

The best thing to do is call the IRS or your state tax board directly for information.

4. Order business cards and have a nice head shot taken early on. People ask for cards as soon as you tell them you’re starting a business. Your professional head shot is for social media sites like LinkedIn. You must be on LinkedIn. Wear business attire in the picture or people may not take you seriously. Make sure the same professional photo is used across all social networks for consistency.

5. Set up a website and get social! People will not take you seriously without a website and social media presence. Facebook, LinkedIn, Twitter, YouTube and Google+ are all the main places to be. Pinterest and Instagram are important in some markets, for example, if you are selling clothes, Pinterest is important.

Pick a couple of social networks to focus on at first but put a profile on all of them.

6. Network a lot. Meet-ups work well and are usually cost-effective. Join for free through Meetup.com. When you are not helping clients, you are networking. Meeting new people face to face to get business works! A popular one is Idea-to-IPO in the Silicon Valley.

7. Have a positive attitude always. Meet regularly with people who support what you are doing. Note some people may never support your plans. That’s okay.

8. Define exactly what you will do in your business and stick to it. If you keep adding services or changing the definition of your value-add, you may confuse prospective clients. When they are confused, they will not hire you.

9. Be a LinkedIn stud. Speak at an event and list it on your profile. Get several quality references and make sure they are on your profile. You are not on LinkedIn? You better get on it today then. Everyone in business is on that social network. Also make sure you have references in your line of business.

People will research you online before hiring you for a service so strategic references are gold.

10. Consult with mentors as much as possible. In addition to pointing out mistakes and boosting your morale, mentors can bring new business by referring you to others.

Good luck!
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Michelle McIntyre is the president of MMC PR, director of marketing communications for SV-IABC, and on the executive team for TEDxSanJoseCA. Follow her on Twitter at @FromMichelle. [Photo credit: iStockphoto.com]

8 Notorious Mistakes Made in Naming Start-ups

By Michelle McIntyre

Naming start-ups can be fun. When I advise clients on name ideas, I just let them know what sounds good and what makes sense based on their target market and growth plans.

However, the biggest mistake they make is naming for the present and not for their business climate many years down the line.

Here’s an example. International Business Machines (also known as IBM) has a name that lends itself to global expansion. It’s more than 100 years old and top investors like Warren Buffet like it. (It’s public knowledge that he owns a lot of stock.)

The name isn’t as exciting as Uber but it makes sense and the acronym is nice.
I love the name Uber. It’s short, cool, easy to say and easy to spell.

After using it recently I’m a huge fan of the private room-or-house-for-rent service Airbnb. But when I tell people to download the Airbnb app to look for their own dream getaway cabin or bargain business trip room, I have to explain how to spell it five or six times before they get it. By the way, you can also rent a houseboat, yurt, hammock or tree house through the service.

Naming a company after its headquarters city may not sound great when it expands globally, especially if that name is hard for someone elsewhere to spell or say.

Or what if the city has a negative connotation somewhere? Suppose I named a store Moscow Chocolates but I wanted to sell them online to the U.S. President? That may not work at this moment.

In any case, whether you are planning to sell software apps or chocolate bars, it’s good to put some careful thought into your new company’s name.

Here are eight of the biggest mistakes start-ups make when choosing a name.

1. NOT SECURING OWNERSHIP. It costs both time and money to take ownership of the new name. Make sure you take care of this early on or you might be sorry later. That doesn’t mean you have to shell out $80,000 to a naming firm although some of them do a great job. A 2013 Mashable article recommends checking your company name here first: http://namechk.com/

2. STEALING SOMEONE ELSE’S. This mostly applies to companies in the same market. If two companies have similar names but sell completely different things, it typically is not a problem. Did you know the game Angry Birds is being sued because there allegedly was already a stuffed animal company named “Angry Birds” in Europe formed years before the popular app came out? Granted the video game came before the “new” Angry Birds stuffed animals came out but if they are both plush toys, it’s definitely a conflict.

3. MAKING IT HARD TO SAY. Do you want people to muck it up when they introduce the speaker from your company at an awards ceremony? Of course not!

4. MAKING IT HARD TO SPELL. This is especially true in the age of social networking when everyone posts news stories and tidbits so quickly. If you are start-up CEO speaking at a trade show and you want people to tweet your awesome quotes and attribute them to you and your company, then make its name clear and easy to spell. When I’m live tweeting at a SVForum event, I get frustrated when I have to leave out a speaker’s company name because it takes too long to look it up.

5. THERE’S CONFUSION BETWEEN THE COMPANY NAME AND THE PRODUCT. The company Facebook is called Facebook but then the company has an app called Facebook and another one called Instagram. Thinking back, maybe Mark Zuckerberg should have made the company name different than the app to avoid confusion. As widely popular as Facebook and Instagram are, “Facebook’s Instagram” still doesn’t roll off the tongue. Same goes for Google’s YouTube. When I think of Google, I think of Google search. Google’s YouTube sounds awkward to me still.

6. IT MEANS SOMETHING AWFUL TO ANOTHER CULTURE. Again, plan for global growth! Most experienced business people know the number or word four is unlucky in several Asian countries. It’s because it sounds like the word death in some East Asian languages. There are a few of these zingers out there. Here’s a great Mental Floss article about this topic: http://mentalfloss.com/article/31168/11-product-names-mean-unfortunate-things-other-languages

7. NOT THINKING ABOUT INTERNET SEARCH ENGINES. Make your company name easy to find when people are searching for that topic. “Quality Dog and Cat Grooming” will likely come up first when people search for that service.

8. MAKING IT EASY TO LOOK SILLY. This story “50 of the Worst Business Names” at http://bestonlinemba.net/50-of-the-worst-business-names has some hilarious but sad examples of naming gone wrong. No offense to the person who owns Hooker’s Funeral Home but don’t they know what the word means? Is this a place for ladies and gents of the evening to be put to rest? Or is Hooker a highly respected family name? Probably the latter.

In any case, tell your name to a few different people before solidifying it. If at least three of them tell you it’s awful, believe them.

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Michelle McIntyre is the president of MMC PR, on the executive team of TEDxSanJoseCA and director of marketing communications of the Silicon Valley International Association of Business Communicators. Follow her on Twitter at @FromMichelle.

Do You Charge for an e-Book?

By Michelle McIntyre

Oakland-based business coach for midlife entrepreneurs, Dina Eisenberg recently spoke to my Women in Consulting (WIC) group in Los Gatos last week about how to kick start an information product or “infoproduct” business.

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An information product is any product or service that you can sell to people to provide them with information. It includes e-books, books, audios, CDs, DVDs, seminars, videos, tele-seminars and more.

Because the event description mentioned her law degree and creating a “passive income,” I was expecting tips on self-employed (S.E.) IRAs and 401Ks. I had just set up a S.E. 401K so I figured it will probably be redundant to what I already just learned after spending hours with a Fidelity representative to set up my own plan. I went to the meeting anyway for the networking. 

 I was pleasantly surprised when Eisenberg started talking though.  

What it was really about was creating sustainable income to make, what Eisenberg calls “a cushion for life’s bumps.”  Consultants and entrepreneurs who are typically actively involved in delivering their service benefit from creating passive income streams that work, even when they cannot.

A self-proclaimed “information product junkie,” Eisenberg has also produced a range of products from online courses to retreats and subscription programs.

She said she it all started when her husband, whom she considers a successful entrepreneur just like herself, went on disability for two years due to a medical issue that has since mostly gone away. He was her fiancé at the time.

She shared her tactics with the consultants, many of whom had created their own infoproducts. Several consultants had their products on hand and the talk turned into a brainstorm and information share of sorts instead of just a presentation.

Two of her messages stuck in my mind.

First, start charging!  Yes, the internet is awash in free material however, people will pay for the exact right product that solves their specific problem at that time. Don’t assume you have to start with free.

Second, ask first.  The difference between a profitable infoproduct and one that flops is research.  Search Linkedin threads and comments for a wealth of topic ideas for your information product.

To learn more about Dina Eisenberg, visit her website at http://infoproductdoctor.com/.

Here are related Twitter handles.

WIC: @WIConsult

Dina Eisenberg: @DinaEisenberg

The author of this post: @FromMichelle


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Michelle McIntyre is a blogger and high tech PR consultant based in Saratoga, Calif. She’s also the director of marketing communications for the Silicon Valley International Association of Business Communicators and on the executive team for TEDxSanJoseCA.

 

A Shocking Statistic about Millennials and Digital Shopping

By Michelle McIntyre

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In recent months, business partners and clients have been using the term “Millennials” a lot.

Millennials, also called Generation Y, are young adults who are now around 18 to 34 years old.  They are social. They are mobile. They are a target for those marketing to a group with uber online buying power.

I’ve been wondering why this group of consumers has become so important so I did some research and found one fact that shocked me.

“Hooked on Social Networking” Blogger and mom to two young Millennials, Holly Nielsen said that some have more buying power because they are living at home with their parents longer and therefore have more disposable income because they are not paying rent.

On the other hand, Nielsen says, some have less extra money because they are paying off their student loans. She added that Millennials grew up with social networking and smartphones so they are totally comfortable on-line.

The Chief Marketing Officer Council just published some facts and figures about this category in a story introducing a new initiative called “Turning Social Feeds into Business Leads.”

The description of the program on the council’s website uses the automotive industry as an example.

It says that Millennials are a lucrative target for automobile manufacturers because they make up 40 percent of the total available car buying population, contributing $200 billion to the U.S. economy annually.

It adds that there’s been a massive acceleration of social media usage, with 70 percent of consumers using social media to learn about other customer experiences when making car-buying decisions. Visit this link for more details about this CMO Council initiative.

Lastly, a recent eMarketer story discusses Millennial online buying trends including one that surprised me.

It said that male Millennials were more into mobile shopping than their female counterparts.

I used to think that women beat men in all areas of shopping but it’s just not so.

The report discussed a January 2013 survey of U.S. Internet users and uncovered these facts about male Millennials:

  • They currently earn more* than, and are happier at work, than their female counterparts. 
  • 43% said they typically shop on auction sites, while only 31% of females gave this response
  • 40% said that in a perfect world they would buy everything online while only 33% female said this
  • 24% typically shop and buy using their mobile devices while only 19% of females said they do so

This definitely shows that young men are a hot target for digital marketers.

Feel free to follow the Twitter feeds of people and organizations mentioned in this story including @CMO_Council, @eMarketer, @HollyNielsen, @FromMichelle. 

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*One part of this is not so surprising. Men have always earned more than women for the same jobs. The ratio is 77 cents to the dollar so that wasn’t overly shocking. By the way, this is unfair and it needs to change.