Suggest You
#1 in Business Subscribe Email Print

You are here: Home > Business > PR > Hiring A PR Agency - A Headhunter's View

Tags

  • still
  • successful
  • budget
  • colleagues industry
  • agency client
  • major mentions

  • Links

  • How To Create High Traffic News Articles
  • Competitive Bodybuilding - How To Pose
  • The Best Home Based Business Today Means You Don't Have To Leave Your Bedroom
  • Suggest You - Hiring A PR Agency - A Headhunter's View

    How to Win a Price War
    Any economics student can tell you that price is a matter of supply and demand. The market will bear a certain price point and settle into equilibrium. This is not very helpful when trying to determine the price for a new product. Price is a very confusing area of marketing for many people. The reason is probably because price is one of the most misused and abused marketing tools. Traditionally, there are three ways to set the price for a product:• Competitive Parity- Charging the same price or average price of the competition• Standard Markup- Always adding the same percentage markup to the cost of products (i.e., cost plus 50%)• Zero-Based Pricing- Receiving a small margin
    ur budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, t

    How An Answering Service Is Affected By The Internet And Technology
    The advent of the Internet instead of becoming the death of answering services as many in the industry feared, as had the opposite impact. The Internet has allowed and enabled many more persons to work from home or to become telecommuters operating between home and the office. This in effect has resulted in many more businesses or individuals needing to employ answering services to handle telephone calls.Some answering services have been able to use the Internet to reach clients they couldn’t have before. Some have used the technology to advertise via the net, which is cheaper and reaches a wider cross-section of society. Clients have also benefited as they can have an answering service in anot
    Since so much has been written about how to go about finding a PR agency, I thought it timely to examine the process from my perspective - a consultant who is also a PR headhunter.

    Throughout the U.S. there are thousands of PR firms of all sizes who claim to specialize in dozens of different specialty categories.

    As the person designated within your company to identify and hire a PR firm, where do you start? What do you look for? How much should you pay? What characteristics of the PR firm differentiates it from others - and are those differences important to your company? What size firm should you hire? What about account conflicts? Is the firm's location important? Who's going to work on your business? What about performance and results? What should you reasonably expect and how do you measure success?

    These are only some of the questions that will undoubtedly arise in your quest to hire a firm.

    From my experience, all of these questions should be asked and answered before signing on with a PR firm. However, the real issues that become important should be evaluated within the context of your company's needs and goals. Chances are the answers will fall somewhere in the proverbial gray area.

    Going solo Should you decide to identify a PR firm on your own, there are many reference materials available which can help you quantify the players. However, without the tools and the inside knowledge of how PR firms work and which will work best for your company, the task can be difficult to qualify.

    Many solo searchers rely on references from colleagues, industry sources and the like to help them target a group of likely PR firms. The tough part however, is evaluating the relationship between members of your company and the PR firm. Additionally, not every PR agency is listed and quantified in every directory. New ones are popping up all the time and others are merging, being acquired or just fading away. When working with a limited knowledge-base, evaluation can become problematic.

    The key to any successful PR agency search lies in the depth of the research expended. The greater amount of time spent researching the agency, its people, culture, working style, etc., the better chance you have of bringing home a winner. Also, it's easy to be distracted by fancy promotion and lose sight of the agency's key elements.

    Sometimes the identification of a winning PR firm can be a slam-dunk. More often, it can be like nailing Jello to a tree.

    Slam-dunk If your company produces a highly specialized or technical product, chances are there will only be a few PR firms that will fill the bill. Whether it's engineering, biotechnology or baby toys, your choices will be limited. Add to that the numerous other specifications that you will invariably want to see in your new PR firm.

    It's a slam-dunk if your product or service touches on issues such as abortion, guns or smoking. Options will be limited if your PR budget is unusually small or restricted, or if when your PR program is narrowly focused on, say, major mentions in key business publications, or, interviews for your CEO with major network media.

    It's probably a good idea to go solo when the budget is small, the PR program is limited and targeted to a highly technical audience or, when the agency's geographic location(s) is restricted. Of course, if management's view of PR is archaic or unrealistic, then the chance of a successful agency union is rather slim under any circumstances.

    Not so fast In my PR agency identification experience, the two most difficult parts of evaluating an agency are costs, (both actual and projected), and team identification and evaluation. Each tend to resemble a moving target that's hard to keep in your sights for too long.

    As a general rule, PR agencies don't advertise their fees for services they perform. They tend to promote their expertise and experience in the business of PR and then charge you based on the size of your budget. By knowing that beforehand, they can tailor their services to your specific needs and stay within your budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, th

    Return Address Labels
    Tired of sending the boring white envelope over and over again? Why not spice it up with colorful return address labels? Your recipient will surely be amused by your creativity, and you will definitely find mail work a lot more fun.Why use stick-on return address labels?You are not required to put a return address on every letter you send out, but it is still best to label your letters so that the post office can resend it to you (in case it gets rejected or undelivered for any reason).A legible, well-made return address label also lets your recipient understand your address and send you a reply.Thousands of themes to choose fromThere are literally hundreds upon hundreds of
    irm. However, the real issues that become important should be evaluated within the context of your company's needs and goals. Chances are the answers will fall somewhere in the proverbial gray area.

    Going solo Should you decide to identify a PR firm on your own, there are many reference materials available which can help you quantify the players. However, without the tools and the inside knowledge of how PR firms work and which will work best for your company, the task can be difficult to qualify.

    Many solo searchers rely on references from colleagues, industry sources and the like to help them target a group of likely PR firms. The tough part however, is evaluating the relationship between members of your company and the PR firm. Additionally, not every PR agency is listed and quantified in every directory. New ones are popping up all the time and others are merging, being acquired or just fading away. When working with a limited knowledge-base, evaluation can become problematic.

    The key to any successful PR agency search lies in the depth of the research expended. The greater amount of time spent researching the agency, its people, culture, working style, etc., the better chance you have of bringing home a winner. Also, it's easy to be distracted by fancy promotion and lose sight of the agency's key elements.

    Sometimes the identification of a winning PR firm can be a slam-dunk. More often, it can be like nailing Jello to a tree.

    Slam-dunk If your company produces a highly specialized or technical product, chances are there will only be a few PR firms that will fill the bill. Whether it's engineering, biotechnology or baby toys, your choices will be limited. Add to that the numerous other specifications that you will invariably want to see in your new PR firm.

    It's a slam-dunk if your product or service touches on issues such as abortion, guns or smoking. Options will be limited if your PR budget is unusually small or restricted, or if when your PR program is narrowly focused on, say, major mentions in key business publications, or, interviews for your CEO with major network media.

    It's probably a good idea to go solo when the budget is small, the PR program is limited and targeted to a highly technical audience or, when the agency's geographic location(s) is restricted. Of course, if management's view of PR is archaic or unrealistic, then the chance of a successful agency union is rather slim under any circumstances.

    Not so fast In my PR agency identification experience, the two most difficult parts of evaluating an agency are costs, (both actual and projected), and team identification and evaluation. Each tend to resemble a moving target that's hard to keep in your sights for too long.

    As a general rule, PR agencies don't advertise their fees for services they perform. They tend to promote their expertise and experience in the business of PR and then charge you based on the size of your budget. By knowing that beforehand, they can tailor their services to your specific needs and stay within your budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, t

    Simplify Your Job: Get Back to the Basics
    In any job, as time goes on, it can feel like you are being pulled from every direction. You are doing the best you can and seems like it is still not enough. It’s easy to feel like you are falling behind and will never catch up. And if you do catch up, there will be no keeping up, let alone make time available to truly excel.It is easy to get overwhelmed with things big and small, lose perspective on what’s important and let the proverbial straw break your back. After the 20th email, the tenth phone call, the 4th “IM” and the sixth decisio
    sful PR agency search lies in the depth of the research expended. The greater amount of time spent researching the agency, its people, culture, working style, etc., the better chance you have of bringing home a winner. Also, it's easy to be distracted by fancy promotion and lose sight of the agency's key elements.

    Sometimes the identification of a winning PR firm can be a slam-dunk. More often, it can be like nailing Jello to a tree.

    Slam-dunk If your company produces a highly specialized or technical product, chances are there will only be a few PR firms that will fill the bill. Whether it's engineering, biotechnology or baby toys, your choices will be limited. Add to that the numerous other specifications that you will invariably want to see in your new PR firm.

    It's a slam-dunk if your product or service touches on issues such as abortion, guns or smoking. Options will be limited if your PR budget is unusually small or restricted, or if when your PR program is narrowly focused on, say, major mentions in key business publications, or, interviews for your CEO with major network media.

    It's probably a good idea to go solo when the budget is small, the PR program is limited and targeted to a highly technical audience or, when the agency's geographic location(s) is restricted. Of course, if management's view of PR is archaic or unrealistic, then the chance of a successful agency union is rather slim under any circumstances.

    Not so fast In my PR agency identification experience, the two most difficult parts of evaluating an agency are costs, (both actual and projected), and team identification and evaluation. Each tend to resemble a moving target that's hard to keep in your sights for too long.

    As a general rule, PR agencies don't advertise their fees for services they perform. They tend to promote their expertise and experience in the business of PR and then charge you based on the size of your budget. By knowing that beforehand, they can tailor their services to your specific needs and stay within your budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, t

    When Employers Track Your Lifestyle Through Internet Social Networks
    You would have to be doing the modern day version of Rip Van Winkle to not be aware of the controversy Internet Social Networks are creating. Everything from MySpace and Facebook to YouTube and LinkedIn have gained in popularity over the past few years. These sites do serve a purpose and among other things provide their users with a sense of community often lacking in the brick and mortal world.These sites create the habit and practice of sharing, be it videos and music or friends, business connections and ideas. These sites reflect the general and specific tastes of their users. They reveal lifestyles and sensibilities, behavior patterns and perspectives. Overall, such revelations are
    s in key business publications, or, interviews for your CEO with major network media.

    It's probably a good idea to go solo when the budget is small, the PR program is limited and targeted to a highly technical audience or, when the agency's geographic location(s) is restricted. Of course, if management's view of PR is archaic or unrealistic, then the chance of a successful agency union is rather slim under any circumstances.

    Not so fast In my PR agency identification experience, the two most difficult parts of evaluating an agency are costs, (both actual and projected), and team identification and evaluation. Each tend to resemble a moving target that's hard to keep in your sights for too long.

    As a general rule, PR agencies don't advertise their fees for services they perform. They tend to promote their expertise and experience in the business of PR and then charge you based on the size of your budget. By knowing that beforehand, they can tailor their services to your specific needs and stay within your budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, t

    Steps to Evaluating Your Business Idea
    Whether you want to start an online or offline business, the first thing you need to do is find out whether your product or service will sell. The first step to finding that out is to research the supply and demand of the market. Ideally you want a product or service with high demand and low competition. There are many resources with which you can accomplish that. But, before we get to that, always remember that a business idea is NOT a business opportunity until you go through the evaluation procedure and judge it to be feasible.All successful business start-ups begin with the customer and the market in mind. Careful analysis needs to be done to determine the industry issues. What are the struc
    ur budget - or, so you would hope.

    However, clients often complain that their agency goes over budget. This is especially true during economic boom times. The firms usually argue that you, the client, have either implicitly approved of the extra work that was done on your behalf, or, that circumstances mandated that your account be "over-serviced." The budget and over-service issues are less pronounced when business and the economy is slow.

    As any other business, agencies must stay profitable. Just like management consultants or lawyers, PR people parcel out their expertise in the form of hourly charges. Whether you're paying a "flat monthly retainer" or hourly for services rendered, the agency will calculate the time spent working on your behalf in increments of hours to remain within profitable guidelines. Agency client management employees usually have an "hourly rate" that is levied against the time they spend on behalf of their client. That rate is usually a function of the employee's title. Obviously, the higher the title, the higher the rate.

    Sounds pretty straightforward, right? Well, not so fast. There are many variables that impact this rather neat little picture. Variables such as employee promotions, employee title inflation, freelance consultants, the changing nature of your account, fee increases, out-of-pocket expenses, economic inflation or recession, conflicting accounts that pay higher fees, result measurement, client vs. agency expectations, irreconcilable differences and much more.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.suggestyou.com/article/33165/suggestyou-Hiring-A-PR-Agency--A-Headhunters-View.html">Hiring A PR Agency - A Headhunter's View</a>

    BB link (for phorums):
    [url=http://www.suggestyou.com/article/33165/suggestyou-Hiring-A-PR-Agency--A-Headhunters-View.html]Hiring A PR Agency - A Headhunter's View[/url]

    Related Articles:

    Five Fresh Ideas For A Home Based Business

    Remind Yourself Why You're A Mortgage Professional

    Direct Mail for Pizza Places

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com