Friday, January 17, 2014

Advertising distractions leading to big payday’s for PR firms #untj4460

            Changes are happening in the advertising industry and they’re leaving a big window open for PR firms to bank on. The consolidation going on between Omnicom and Publicis advertising agencies, along with a few other advertising industries, has created a distraction amongst the employees of advertising field. This diversion has created an opportunity for PR firms to gain a bigger marketing budget that is usually set aside for advertising.
            Richard Edelman, owner of the world’s largest privately held public relations company, wrote on his blog that PR firms “will need to show up differently” this time around. In his blog post, Edelman advised PR professionals to be inventive and original in order to get ahead of advertising in the eyes of the business. However, Edelman also warned for the PR pros to move quickly, seeing how advertising has a knack for figuring out how to do things differently, faster.
            Others aren’t as optimistic as Edelman however. Tom Formeski, writer for ZDNet, commented that PR has had the chance to get ahead of the advertisers on multiple occasions, but hasn’t ceased the opportunity. Formeski said, “I’m continually astounded as to why they [PR firms] are so risk averse and haven’t tried to implement business strategies and new services that seem obvious to me.” He continues by saying that no matter who is trying to get ahead, PR, advertising, or any other industry, make sure whatever you’re bringing to the table, it’s new.
            Though I’m not sure if the PR industry will go for its chance to get ahead this time, I do agree with Formeski on always being creative and innovative. Whether you’re pitching to the market or some other big business tycoons, they don’t want to see the same thing over and over again. You need to bring something new to the table every time. Boring and dull isn’t going to grab their attention and its sure not going to get them to invest in you.

 

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