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Professional press release writing step by step

08/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A well-written press release is an effective tool to present your company, event or news to the public. It enables you to spread your message in a targeted manner and to attract the interest of media representatives and the target audience. In this article, we will show you step by step how to write a professional press release that attracts attention and successfully spreads your information.

Step 1: Define target group and objectives

Before you start writing, it is important to be clear about your target audience and your objectives. Who do you want to read the press release, and what information do you want to convey? Identify your core message and determine what response you expect from readers.

Step 2: Determine structure

A well-structured press release is easier to read and understand. Use the classic format of stating the most important information first. The structure includes the following sections:

Headline: A concise and meaningful headline that piques interest and contains the key message.

Introduction: A short introductory paragraph that answers the W questions (Who, What, When, Where, Why). Body: Detailed information, facts, and background. Present the main points first and then move on to more details.

Quote: include a powerful quote from a representative of your organization to add a personal touch to the message.

Conclusion: summarize the key points and include contact information for follow-up questions.

Step 3: Use understandable language

Avoid jargon and complicated terms that are difficult for the general public to understand. Write clearly, concisely and simply to ensure your message is well conveyed.

Step 4: Emphasize newsworthiness

Make sure your press release actually has news or relevant news value. Journalists receive many releases every day, and your writing needs to be interesting enough to get noticed.

Step 5: Prove the facts

Your press release should be well-researched and include facts and statistical data to convey credibility. Back up your statements with reliable sources to gain readers' trust.

Step 6: Keep it short

Keep your press release short and concise. Ideally, do not exceed one page. Long text can be off-putting and dilute the main message.

Step 7: Provide contact information

At the end of the press release, provide contact information for someone from your organization who can be reached for questions. This can be a spokesperson or someone responsible for the topic at hand.

Step 8: Proofread

Before sending the press release, carefully check it for spelling errors, grammar and coherence. An error-free text shows professionalism and care.

Step 9: Distribution and follow-up

Send your press release to relevant media outlets and publishing platforms. Follow up on the release and be ready for possible follow-up questions or interviews.

By following these steps, you can create a professional press release that appeals to your target audience and attracts the attention you want. A well-thought-out and compelling release can go a long way toward successfully spreading your message and raising awareness of your company or event.

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What are the biggest mistakes when placing Youtube ads?

08/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

When placing YouTube ads, there are several mistakes that can be made that can negatively impact the effectiveness and success of the campaign. Here are some of the biggest mistakes that can be made:

Missing targeting: if targeting is not configured properly, ads may be served to the wrong audience. This can lead to low engagement and low conversion rates.

Inadequate ad preparation: Poor design or uninteresting content in the ads may fail to capture viewers' attention. It is important to create engaging and relevant ads to capture viewers' interest.

Missing Call-to-Action (CTA): A clear and compelling call-to-action in the ad is critical to getting viewers to respond to the ad. Without a clear CTA, the ad may miss its mark.

Missing monitoring and optimization: continuous monitoring and optimization of ad campaigns is important to maximize success. Failure to make adjustments to respond to ad performance can result in wasted budgets and ineffective advertising.

Ignoring Analytics Data: YouTube provides detailed analytics data for ad campaigns. If this data is not regularly reviewed and analyzed, it can be difficult to measure campaign success and make necessary adjustments.

Wrong message or tone of voice: It is important to understand the target audience and choose a message and tone of voice that matches. A poorly chosen or inappropriate message can deter audience interest.

Advertisements that are too long or too short: The length of the ad is critical. If the ad is too long, it can bore viewers and make them skip it. On the other hand, an ad that is too short may not convey enough information to keep viewers interested.

It is important to avoid these mistakes and conduct thorough planning, monitoring, and optimization of YouTube ad campaigns to achieve the best possible results.

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What is media buying?

08/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Media buying is a term from the field of marketing and refers to the process of buying advertising placements in various media channels. It can include traditional media such as television, radio, newspapers and magazines, as well as digital channels such as websites, social media and mobile apps.

The media buying process usually involves several steps. First, careful planning is done to define the target audience and identify the appropriate media channels. Then, budget allocation is done to efficiently use the available financial resources.

After that, the media buying process is completed.

After planning and budgeting, the actual implementation of the media buying process follows. This involves contacting media representatives or agencies, buying advertising placements and negotiating prices. The media buyer tries to obtain the best possible conditions for the desired advertising placements.

Once the ad placements are purchased, the media buyer monitors their performance and analyzes the results. This analysis makes it possible to evaluate the effectiveness of the advertising and make adjustments as needed. For example, the media buyer can optimize the placement or frequency of the ads to achieve the desired marketing goals.

Media buying is an important component of many marketing campaigns, as it allows companies to communicate their messages to a wide audience and effectively reach their target audience.By using different media channels, companies can maximize their reach and engage potential customers on a variety of platforms.

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The transformation of the PR software industry in 2023: Sales figures and provider focus

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The public relations (PR) industry has undergone a remarkable transformation in recent years, with PR software playing a central role in addressing its changing needs. In 2023, the PR software market has evolved to offer a wide range of solutions for businesses. We take a closer look at revenue figures and the vendor landscape to understand the dynamics of this emerging sector.

Market Overview: Revenue figures and trends

The PR software market is witnessing a remarkable revenue growth in 2023, as organizations are increasingly turning to these technologies to optimize their communication strategies. According to data from market research firm Statista, global PR software revenue was approximately $4.8 billion in 2020. This revenue is expected to rise to over US$7 billion by 2025, highlighting the high growth potential of this sector.

Formative trends in 2023 include:

Artificial intelligence and automation:

An increasing number of PR software vendors are integrating AI and automation to increase efficiency in data analysis, content development and media contact identification. This is leading to increased demand for such solutions.

Real-time analytics: Companies are increasingly demanding real-time analytics capabilities to respond quickly to current events and trends. This has driven the development of tools that provide real-time data and offer quick insights into the performance of PR campaigns.

Integration of Social Media: The importance of social media in PR communications has led to increased integration of social media data into PR software. This allows companies to better manage their online reputation and more effectively engage with their target audiences.

Social media integration is a key component of PR software.

Vendor landscape: diversity and competition

The vendor landscape in PR software is extremely diverse, with numerous companies developing innovative solutions to meet the diverse needs of customers. There are established companies as well as emerging startups that are intensifying competition.

Leading vendors in 2023 include:

Cision: With a wide range of tools, including media monitoring, influencer identification and real-time analytics, Cision is a key player in the industry.

Meltwater: Meltwater stands out for its comprehensive media monitoring and analytics, covering traditional media and social media.

PR Newswire: This provider focuses on press release dissemination and offers tools to monitor media coverage.

TrendKite (now part of Cision): TrendKite stands out by using AI to identify trends in media coverage.

Prezly: Prezly is known for its tools for managing media contacts and creating engaging online press releases.

The number of vendors in the PR software industry has grown steadily, indicating the increasing interest in these technologies. While established companies dominate, innovative startups have the opportunity to gain market share through unique solutions and approaches.

The PR software market is growing rapidly.

The PR software market in 2023 is characterized by rising revenue figures and a diverse vendor landscape. Companies are increasingly turning to these technologies to improve their PR strategies and succeed in a changing media landscape.

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Why it is becoming increasingly difficult for B2B companies and service providers to cover their costs with Google advertising

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The digital advertising landscape has changed dramatically in recent years. Especially for B2B companies and service providers, it is becoming increasingly difficult to break even with Google advertising. In this article, we will look at the main reasons why these changes have taken place and what challenges this poses for B2B companies.

Growing competition:

The number of companies using Google advertising has increased significantly in recent years. As a result, competition for limited advertising space on search results pages and in Google Ads has increased significantly. As competition increases, so does the cost per click and per conversion, resulting in higher ad spend for B2B companies and service providers.

Rising click prices:

Click prices in Google Ads have risen sharply in many industries. Especially in B2B areas with expensive products or services, the cost per click can quickly skyrocket. It is becoming increasingly difficult for companies to find cost-effective keywords to reach their target audience.

Long sales cycles:

B2B companies and service providers often have longer sales cycles than B2C companies. Business customers tend to take longer to make decisions, which can lead to higher costs per conversion. Tracking conversions and accurately measuring advertising success becomes more complicated as a result.

Ad blockers and ad blindness:

More and more Internet users are using ad blockers to protect themselves from advertising. As a result, ads are less visible and thus less noticed. Even when companies invest in Google Ads, a significant portion of their target audience may not even see the ads.

Complexity of Google Ads:

Google Ads is an extremely complex advertising tool with many setting options and features. For small and medium B2B companies, it can be difficult to set up and optimize an effective advertising campaign, especially if there is no designated Google Ads expert in the company.

Shift to other platforms:

With the rise of social media and other advertising platforms, some companies are shifting their advertising budgets away from Google Ads. Depending on the target audience and industry, advertising on platforms such as LinkedIn, Facebook or specialized industry portals may be more cost-effective and targeted.

Conclusion:

B2B companies and service providers are finding it increasingly difficult to cover their advertising costs with Google Ads. Increasing competition, rising click prices, long sales cycles, ad blockers and the complexity of Google Ads are just some of the challenges they face. It is important that companies carefully rethink their advertising strategies and possibly consider alternative advertising platforms to effectively reach their target audience and achieve their marketing goals.

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