For any brand, reputation is everything—and reputations are often built (or torn down) with earned media. From a glowing news article about one of your products to that horrific Yelp review, every brand experiences the benefits and drawbacks of earned media.
And in today’s socially connected world, marketers are increasing their use of earned media as a contact marketing tactic as it continues to be a crucial factor in consumer decision making.
In fact, a study by Nielsen and InPowered shows that expert content—credible, third-party articles and reviews—is the most effective source of information in impacting consumers along all stages of the purchase process across product categories. The study also showed that earned media is 88 percent more effective than owned media content alone.
Definition of Earned Media
Earned media, also referred to as media relations, word-of-mouth, PR or publicity, is an unpaid brand mention or recognition such as a news article, published interview, or online review by a third party. In addition, earned media can also refer to a byline or article written by someone associated with the brand that is published by a third party.
Earned media is one of three major marketing categories, with the other two being owned media and paid media. Owned media is any content created and managed by the brand such as a website or blog. Paid media is–as it sounds–any publicity, advertising, or content published by a third party that’s paid for by the brand. Many would call earned media the Holy Grail of the three media types, and often earned media is the result of your paid or owned efforts. (e.g. running a promotion (owned) on your website that results in people around the web talking about it (earned).)
These days, social media and review curation sites are major earned media platforms. Everything from that nice tweet about your fabulous customer service to Facebook shares to poor reviews on independent review sites is part of earned media. And viral content is probably the ultimate example of earned media.
As a content marketing tactic, earned media is one of the most affordable and impactful strategies that a marketer can take advantage of. Here are just some of the benefits of using earned media in your content marketing strategy:
- Expert content allows brands are able to build reputation, credibility and trust with new customers, while reinforcing current customer relationships.
- Since credibility and trust are established, earned media also inspires customer action.
- Earned media is incredibly cost effective because it requires your time, not a large budget.
- Social signals such as likes and shares send positive juice to search engines and organic search results can be positively impacted.
While earned media can be have a positive impact on your brand, it does have its drawbacks, too. Here are some of the disadvantages of earned media:
- Since you don’t own the content, you can’t control the message—which can include negative press, reviews, and comments about your brand.
- Cultivating quality relationships with your customers and media outlets who cover your business is time consuming and doesn’t happen right away.
- Newsrooms are slimmer on editorial staff than ever and earning placements is also more difficult.
- The cost to pay a media relations firm for earned media in major publications does not bring a guarantee.
What Experts Are Saying
“Content is the currency for building social relationships with journalists and bloggers that can boost earned media. Companies that invest in content marketing through brand publisher models are able to attract more inbound media coverage due to their demonstrated expertise. Brand content also enables those same companies to bypass traditional media and connect with consumers directly.”
Lee Odden, CEO, TopRank Marketing
“Content marketing can be a powerful tool for brands, but the key is to ensure that the messaging is relevant and consistent to the brand narrative. Otherwise it can become extra noise in an already loud space.”
Mark Delcorps, Public Relations Manager at Overstock.com
“The earned strategy, or publicity gained through editorial influence, is something that has been around for awhile but has become more important due to the advent of social media. Not unlike earning coverage in an industry magazine article, gaining shares, ‘likes,’ re-tweets, posts, and every other social signal related to your business has become an important criteria for promoting your business’ authority. It provides Google with an opportunity to understand if your content is important and, in return, helps to move that content up higher in relevant search engine results pages (SERPs). Online earned media has taken the place of the “word-of-mouth” advertising we all coveted.”
Christopher Baldock, contributor to Content Marketing Institute. (Source: contentmarketinginstitute.com)
Brand Examples of Earned Media
TopRank Marketing CEO Lee Odden has established himself and the agency as thought leaders and innovators in content marketing. As a result, his expertise is often sought after for interviews, contributed articles and webinars. As an example, last year Lee participated in an interview with Content Standard by Skyword.
During the 2015 Super Bowl, Budweiser aired its “Brewed the Hard Way” advertisement that challenged the craft brewing industry a bit. The LA Times wrote an article titled “How the ‘Proud to be macro’ Budweiser Super Bowl ad got it all right.” Not only did the article make the beer company look great, but the LA Times is also a very trustworthy source. This is also a perfect example of earned media working with owned and paid media.
Copyblogger Media (client)
In early 2015, Copyblogger Media—a well-known content marketing software and training organization—was preparing for its second annual Authority Rainmaker conference. With the conference still in its early years, Copyblogger partnered with TopRank Marketing to create an eBook that would leverage event speakers to raise awareness and attract registrations for the event. Promotion of the eBook included several earned media guest posts to industry blogs such as Kapost, SlideShare, and Simply Measured.
Combining earned media with other content marketing tactics, the eBook had a total of 26,859 views, more than 1,000 shares, and 139 downloads. A total of 19 referrals were logged as assisted conversions, with an additional 4 direct conversions.
Earned Media Best Practices
- Create awesome, share-worthy content. Remember, content is king. Create quality, engaging content that serves a useful purpose. If you can address a paint point, provide valuable insights, or educate your audience, they’ll share.
- Build and nurture relationships. Reach out to publishers, editors, journalists, influencers, and any other relevant third-party. These are the people who can cover your business when a new product launches, as well as special events, industry news and so on.
- Be prepared to work on someone else’s deadline. Journalists and editors are always working on hard deadlines. Be prepared to speed up or delay your own efforts to fit with their needs.
- Earned media should be just one part of your content marketing strategy. Think about how your owned and paid media efforts can result in some earned media. For example, Coca-Cola’s “Share a Coke” campaign that launched last summer was a huge multi-faceted campaign—that got a whole lot of people sharing photos of their Cokes on social media platforms.
- Share positive press and reviews. If people are saying awesome things about your brand, show people. Add customer reviews to your website and share on your social media pages.
Software & Resources
The following resources can help you connect with media organizations and journalists, craft quality content ideas, and track the publicity you’re getting on social media.
SEO and Analytics
The reality is that earned media is really just a part of doing business. Every brand will earn some type of publicity simply for being. But, marketers have an opportunity to grow the amount and the quality of earned media they receive by making it a part of their overall content marketing strategy.
Cultivating earned media is certainly not without its challenges, but it definitely needs to be a consideration since consumers are looking to that content for guidance before they buy.
How does your brand use earned media within its content marketing strategy? What are some of your best practices? Please share in the comments section below.
If you liked this post, check out our content marketing tactics index page with links to more than 25 helpful posts just like this one!
Header image via Shutterstock
Gain a competitive advantage by subscribing to theTopRank® Online Marketing Newsletter.
© Online Marketing Blog – TopRank®, 2015. |
Content Marketing Tactics: Earned Media Pros, Cons, Examples & Best Practices | http://www.toprankblog.com
The post Content Marketing Tactics: Earned Media Pros, Cons, Examples & Best Practices appeared first on Online Marketing Blog – TopRank®.