So, where’s the value?

PR is worth real dollars, but only if it’s accountable …

I recently read an interesting blog post by Chris Brogan titled, "The Audacity of Free", wherein he expounds on the notion that in today’s tough economy, many people behave as if “free” is the watchword of the day. That the imparting of knowledge and information… in his example, it’s through conferences… somehow is often expected to be given away. “The sense of walking into somewhere and listening to sage words doesn’t seem like it should cost money….” But he argues, and rightly so, to, “Never apologize that something costs money if you’ve determined the value of it.” And, to not “ever feel embarrassed to charge for value.”

Well normally you won’t hear me do much supporting of something that seems to be closely related to charging for pure consulting, which can lead to hourly fees, which in my opinion can lead to nothing but mischief. But Mr. Brogan makes a point about what appears to be a trend in companies today believing that they and not the vendor (another term I dislike almost as much as hourly fee) are the sole arbiter of whether a service should have a charge attached, i.e., they determine the cost based upon their interpretation of value received. While I understand why today’s dreary economy and years of malfeasance and overcharging have brought us to this point, it is still a frightening thought… the inmates in control of the asylum? If only clients determined the price of our services, oh what a scary world this would be.

Or would it be? Maybe we deserve to have the moneychangers driven from the temple so that clients can once more believe that the cost of PR is directly related to value received. And most importantly, that this perceived value be determined on tangible results and not smoke and mirrors or spoken words alone. That kind of accountability leads not to mischief, but to a compensation model that is credible and just.

That is not to say that the clients determine the price of such compensation. I haven’t given total leave to my senses or control of the asylum. I agree again with Mr. Brogan when he says, “it’s not your buyers who decide this, no matter what we like to think in social media kumbaya-ville” We in PR must not be embarrassed to charge real dollars for the services we provide. But make sure these services are tied to the tangible, measurable results that our clients desire…not just our words. If we’re going to charge for “knowledge” be willing to demonstrate just how that knowledge provides such results. Once again to paraphrase Mr. Brogan with a modicum of literary license… “Free is beautiful, and costs are part of life.” But please… based on accountability.

Does technology take the common sense out of brand marketing?

Written by Cindy West, Guest Blogger

I was reading a blog post over the weekend on Chris Brogan.com titled "The Myth of Brand Loyalty" and his post struck a nerve. Chris talks about his long relationship with Apple as a satisfied customer. His recent purchase of the 15" MacBook Pro, a good choice I might add, was another example of his loyalty to Apple. So you can imagine his slight annoyance when he received an email from the Apple Store, trying to sell him the very same laptop that he purchased a month ago...as if he were a newbie to the brand. Where was the brand loyalty to the consumer and are we just fooling ourselves into thinking that our loyalty matters?

I remember my days in retail, when learning about your customer through the act of conversation was the way we built trust in our customer relationships which evolved into brand loyalty…yes, the old fashioned way. We didn’t have computers back then, we had handwritten customer profile cards. The comments we added to those cards provided analytics in the most archaic form, but it worked. We knew their fashion preferences by design, style and color, that worked with their lifestyle. We knew about those special occasions to assist their partners with gift ideas. By keeping a list of previous purchases we were able to coordinate new arrivals with their existing wardrobe. Every customer was sent a personalized thank you note.

Those days have somewhat evaporated, and with the type of technology today and massive amount of information available, it makes me wonder if we are dismissing the human element in our strategic marketing? Is face time less valuable than a database full of information? Or are we just using this information to strategically analyze for mass marketing tactics that frankly leave us feeling under appreciated?

I can’t begin to tell you how often I get a call from a vendor soliciting my business only to inform them that we are current customers. Oops!!! I’m not sure why they don’t know that I have been a customer for 10 years, but it always ends in a repetitive excuse like “I am so sorry, they must not have updated this record. I will take care of that now”. Hmmm...

So my question is this, “Is technology the culprit and does it interfere with developing brand loyalty or is it how we manage the information we get?”