When I start working with new clients, I inevitably have to talk to them about newswire services. If the company is larger or publicly traded, then the need for using one of the big three wire services – BusinessWire, PR Newswire, or MarketWire – isn’t a problem. They know that the wire helps address issues such as disclosure for publicly traded companies, and they usually have wire distribution built into the PR budget. However, when dealing with PR newbies and smaller start-ups who are worried about conserving their budget, how do you justify the added cost of hundreds or even thousands of dollars for wire distribution for a press release?
I actually went through this exercise for two clients this month. I researched publications in different distribution circuits, performed a cost analysis, and developed a comparison of the big three services. My basic argument to justify the cost: wire distribution gives you access to news outlets you would be hard-pressed to reach through other channels, and the benefits in terms of Web exposure are unparalleled.
I posed this question to my peers on LinkedIn – “How do you explain to your clients why a newswire is valuable for their press release?” I was gratified that the responses echoed my own thinking:
- Wire distribution reaches media that probably isn’t in your core media list, such as broadcast, TV, or trade media, or niche sites that don’t have the editorial staff to dig out fresh news.
- Mainstream news media, such as Bloomberg, CNBC, CNN,and ABC, all have wire feeds and that gives your news a big credibility boost.
- The SEO benefit is huge. Wire releases are picked up by Yahoo Finance, Google News, and other news search engines. Traditionally, news releases also appear higher in search rankings and if you have optimized your press release properly (which basically means you have written a clean press release with all the appropriate keywords in strategic places) it should improve your search rankings.
- And the newswires should feed your social media program. All the wire news is online and you should be using those links to feed your blogs, Twitter, LinkedIn, and Facebook.
Most of my clients are serving niche markets, so I seldom recommend national distribution. You can choose a local circuit for $200 to $400 and get the same benefits of SEO and online exposure, as well as distribution to target vertical trade circuits, which is where I think you get real wire benefits. There is something about seeing a press release distributed via a reputable newswire service that lends credibility to your news announcement. It shows that you are serious about sharing your news with the world and are willing to invest in established news channels to do so.
For smaller and pro bono clients working with little or no PR budget, I have forgone the paid wire services and used the free newswires, which is really more of a shotgun approach. The free news services give you some help with SEO, but you really get what you pay for and the free services don’t carry the same credibility.
All that said, there is no substitute for direct press pitching. If you have real news worth sharing then you need to get it in the hands of your target reporters before you hit the wire. For many editors, in the age of the Web by the time news hits the wire it’s old news, so you should be proactive and share with your contacts before your wire release. They will appreciate the heads up.