What are the benefits of a press release?
Whatever the size of your business, a press release can have many benefits, such as helping to build brand awareness and develop relationships with the media. For example, a press release can help you:
Build credibility.
Press releases are often distributed through reputable channels like news agency wire services and other media outlets, which can help boost a business’ trust, credibility, and authority in the space. And if a release has been picked up from a newswire by a journalist and written into a story in a national newspaper, this helps to built brand credibility and trust with its readers too, who could become future customers.
Save on costs.
A press release is considered a cost-effective means of communication. An employee in the PR, comms or marketing team will use their existing skills and time to draft the release, and their contacts to outreach it to newswires and the media. This gives businesses a wider reach, while also allowing them to shape their own narrative, to an extent – journalists will typically rewrite the release.
The beauty of publishing your press release on a news wire or similar media outlet is the breadth of those services’ reach. Once on the wire or database, your brand name and the story you have crafted in the release will be seen by newspaper editors, journalists, trade media and more.
Build journalist relationships.
If your press release is picked up by a journalist who covers your industry or sector, that could be the start of a fruitful working relationship. You want to share news about your company in press releases; they’re looking for news about the industry to publish in their magazine or paper. When you’re planning a new campaign or release, they may offer to cover it again.
Boost website and social traffic.
Building relationships, credibility, and coverage can also lead to increased online traffic for your brand. Whether you’re organising an event, a brand re-boot or a product launch, your press release should be clear and concise regarding the actions people should take if they want to interact with your news. This may then lead to increased site traffic, and social media interactions.