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Tune-Up for a Downturn: Public Relations Strategies | eNews from OWC

Smart CEOs prepare for the challenging economic times on the horizon. They arm themselves with PR strategies from news stories about their company in trade and business publications, managing online reputation, to trade show participation and speaking events, strong social engagement and aggressive application strategies for industry awards that prove they have a leg up on the competition.

Why? Because customers like to buy from a company vetted by third parties, and that’s what public relations does—establish reputations based on achievement, not promises.

Recession-savvy companies know that in hard times, hard facts rule. They remind customers, clients, partners, referral sources and investors of who they are with pride and confidence. Their public information teams brainstorm critical challenges, ask for new ideas and remind the company how and why they have been a success.

More than ever, when the unforeseen looms, communication is essential. Here’s the proven path to the proactive generation of new business:

Join the News Narrative. Good or bad, the world will continue to buzz, and it is up to every company to join the conversation. Key executives can become thought leaders, providing expert views, discussing polarizing topics and predicting industry trends. This gives business development teams a foot in the door at the next pitch meeting, providing the name recognition to push current opportunities toward the finish line.

Create News. Generating new and fresh business story ideas for reporters helps them do their job and is the job of every public relations team. That includes providing industry data, new research, generating true-life customer stories, and creating social media discussions that enhance the business conversation. Every company is a content creator, and recognizing that opens the door to media interviews, investor discussions and strong sales opportunities.

Leverage Third-Party Validation. The most powerful voice is what others say about a company—it’s the valuation of management’s relation to the public. Validation comes from product reviews, authentic stories of customers, and management that seeks to be heard and quoted in news stories. Third-party testimonials, case studies and making the news build trust and respect among customers, investors and competitors.

PR is proof of life. When hard times loom, every company needs to remind the world they’re not only alive, but confident of tomorrow.

Contact us today for help with your business’ PR efforts.

Best,

Tracy


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