Buying ads in print B-to-B or B-to-C magazines and websites is a good way to tell people the name of your company, mention your products, and communicate your phone number and website address. Doesn’t sound all that bad, right? Well, consider this…
When asking which has more monetary value, advertising or public relations, there is a basic formula to put a dollar value on a specific placement.
Advertising values are determined by the reach of a specific media outlet. The more people who read a publication, view a website, or watch a video or podcast, the higher the value of an ad buy. With this comes usually a very high expenditure since buying ad space is at a premium these days. On the other hand, the worth of public relations takes the value of advertising and builds upon it based on heightened impact and expanded interest on the parts of the readers or viewers.
To answer this question, reflect upon your current sales and marketing situation: If your current ad buys are advancing your sales so much that your sales goals are not a concern or thought, keep buying only ads. But, if achieving the upcoming year’s sales goals and maximizing relationships that can lead to new customers or clients is on your mind this time of year, make a necessary change to the ways in which you market your products or services and begin to reach more targets.