Why
communications?
The paradox of power
The paradox is that the very power of editorial is
its uncontrollability. So how can you justify spending,
for example, £150,000 on a PR campaign when
you don't know what you're going to get? The answer
is you should know what you're going to get and you
should also know how you're going to prove it. In
a recent study, however, less than 20% of clients
undertook evaluation with measurement coming a staggering
eighth in the ranking of criteria for choosing an
agency - several places below how pretty the pitch
team was!
The cost of evaluation
We believe clients should allocate 10% of a budget
under £50,000 to evaluation, dropping to 3%
if over £500,000. Our evaluation techniques
are tailored to the programme and carried out either
in-house or by an external measurement agency. In
the case of editorial, we can calculate a quantifiable
media value - rate card discounted by 25% and then
weighted by a multiplier determined by qualitative
analysis. This looks at messaging; intrusion of competitors;
visual branding; impact on page; whether it's in a
target title; whether it includes a call to action
etc.
The influence of PR
The 'weighted' value of editorial can be cross-analysed
any number of ways - by publication or media type;
by sub-brand; by project - or compared with this year's
pre-set targets or last year's performance. The purpose
is as much to provide a planning tool for next year's
campaign and analyse what didn't work as it is to
blow the trumpet of what did. Combined with other
forms of tracking such as U+A studies and focus groups,
it means a PR campaign can be proved successful -
or otherwise - in influencing consumer purchasing
patterns or target audience decision-making.
The depth of Starfish
The true value of editorial coverage achieved by Starfish
can be anything between double and ten times the corresponding
cost of advertising in that same space. So whether
you're seeking to use a PR agency as a tactical support
to something else you're already doing (like an ad
campaign or major promotion); as a symbiotic element
(both creatively and in the planning process) of an
integrated communications plan; or as the lead technique
and driving force of the plan itself - Starfish should
be on your wishlist! Talk to Sally or Julien now to
see how we could help.