Ep.97 - The new world of press releases. An interview with Mickie Kennedy, CEO of eReleases

04/06/22 • 23 min

The question of what a press release is and when you can use one is always an interesting one. In this podcast, I get to chat with the CEO of eReleases, Mickie Kennedy about best practices in press releases, the effectiveness of the press release and best practices in knowing how, what and when to publish news.
Listen in to get an understanding of how press releases work and how to make the most of them.

If you have other questions we don’t answer in this pod, feel free to check out our website at www.thesilvertelegram.com or send us an email at [email protected]. Join us on Instagram live on Thursdays as we answer burning PR questions, give tips and talk about industry trends.
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Previous Episode

Ep.96 - Choosing Kickstarter or Indiegogo

Choosing a crowdfunding platform and the differences between the two has always been a challenge for those that choose rewards-based crowdfunding, but what are the real differences between the platforms? Before you jump into crowdfunding here what you should know to select the platform is best for you, each has its advantages and disadvantages. Let’s jump in.

Kickstarter

Recently Brandon Sanderson, fantasy book author secured more than $20.8 million from 84,600 backers in just three days.
Kickstarter only offers fixed funding, which means your company only receives money after the campaign is successfully funded. If you fail to reach your funding goal, all money pledged will go back to its backers.
Kickstarter doesn’t allow photorealistic renderings and requires that you have high quality realistic images of your campaign offering.
Kickstarter is focused on North America and UK.
Campaigns go through an approval process that will guarantee the quality of the campaign.
The fees for Kickstarter is a 5% fee and a 3% to 5% processing charge.

Indiegogo

Julie Kronstrøm Carton and Christian Adel Michael, the brother-sister team behind MATE ebike campaign, raised over $6.8 million, making it one of the most successful campaigns ever on Indiegogo.
Indiegogo offers a variety of funding options at different stages of development including both fixed and flexible funding.
Indiegogo allows tracking and additional marketing opportunities by way of affiliate marketing, referrals and more.
If you’re an international company, Indiegogo is the way to go.
You can start a campaign right away.
Fees are between 4% and 9%, depending on if the campaign meets or doesn’t meet its goal.

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Next Episode

Ep 98 - How to set a PR budget and what to expect.

This is a big question for companies when factoring in budget. Budgets for PR can vary but you typically get what you pay for. You’ll want to know a few things that you want to get out of your budget before going into the conversation of what it will cost. But today, i’ll give you some key indicators of what you’re paying for. What you’re truly paying for when you get into a PR agreement is the time and expertise. The more expertise they have, the more useful and strategic PR pro’s can be with their time.

Any solid starting budget for a quality PR program that will get you regular media attention and results will start around the $4-5K /month. If you’re working with a freelancer you may be able to get into a slightly less budget of somewhere around $3500 but going under that is going to net you less results over a longer period of time.

Where is the time going? Most of our time is spent strategically researching and crafting story angles that we think will land. In addition, at our agency we really focus on the journey of hte audience so, what is the intention of what we want them to do and how do we want them to feel? Are we setting up building blocks for purchase decisions, are we improving reputation or are we supporting investor interest and credibility.

A good PR pro is considering all of this when pitching, selecting media and coming up with ideas to get you in the media. Essentially, you’re paying for the best plan towards your target audience.

What you are looking for as a customer at the end of the day is results. How much is a quality article worth for you? How much traffic will it drive? If you haven’t done PR before, you may not know the answer, but remember that PR agencies typically host a ton of services outside of just media relations. Content creation, marketing strategy, social media support. So depending on what you want and how much time each of those activities take you have to be realistic about what those items are worth to you and budget that way. Some agencies may be able to start you with a project so you can see how you work together before getting locked into a longer agreement. Many of our clients do this when they want to vet us out or if they want to do seasonal projects. If you ever have questions about pricing, I’m happy to dive in and have a discussion if you email us at [email protected]

Cheers and good luck!

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