For better or worse, press releases are a staple of every public relations toolkit. Used incorrectly, they can be the bane of an editor’s inbox: when the “news” isn’t really newsworthy, when companies take a shotgun approach to the media list, and when media outlets are bombarded with irrelevant information (does the New York Times really care about your software company’s latest technology partnership?).
Used properly, however, a press release is a powerful communications tool that can help create sales opportunities, drive revenues and much more – all of which is underscored by several client examples from the past few months.
Just before this month’s NRF (National Retail Federation) show, for example, one of our retail technology clients, an NRF exhibitor, received a call from a midsized apparel retailer, requesting a meeting at the show. The impetus? The retailer had just seen a press release announcing that another retailer (one of our client’s customers) had received a major industry award for successfully implementing our client’s software. If our client’s software could provide a competitive advantage, this retailer didn’t want to be left out in the cold. The press release opened a door, the meeting went well, and sales discussions are continuing.
In a similar vein, this fall we announced that a well-known consumer electronics brand had tapped another of our clients for a major technology initiative – and within a few days, our client received an inquiry from another brand looking for a similar solution. That inquiry has led to ongoing sales meetings, and at this point, a deal looks probable. If so, the revenue from that one customer will likely cover the cost of our PR services for many years to come.
Austin
