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	<title>context analytics&#187; Real Value</title>
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		<title>Earned Media Spend Really Can Compete With PPC Spend</title>
		<link>http://context-analytics.com/2010/01/28/earned-media-spend-really-can-compete-with-ppc-spend/</link>
		<comments>http://context-analytics.com/2010/01/28/earned-media-spend-really-can-compete-with-ppc-spend/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 19:42:33 +0000</pubDate>
		<dc:creator>David Hargreaves</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Data Mining]]></category>
		<category><![CDATA[Digital PR]]></category>
		<category><![CDATA[Earned Media]]></category>
		<category><![CDATA[PR Measurement and Evolution]]></category>
		<category><![CDATA[Project Metal]]></category>
		<category><![CDATA[Real Value]]></category>

		<guid isPermaLink="false">http://context-analytics.com/?p=374</guid>
		<description><![CDATA[I have spent over twenty years in the PR industry and ever since I joined the industry as a little science graduate, I have always had a fascination we with how we can better measure the success of our work. I dreamed of the day when business managers would be able to attribute real value [...]]]></description>
			<content:encoded><![CDATA[<p>I have spent over twenty years in the PR industry and ever since I joined the industry as a little science graduate, I have always had a fascination we with how we can better measure the success of our work. I dreamed of the day when business managers would be able to attribute real value to what we do. While I would not profess to be a measurement expert, unlike all of the research analysts at Context Analytics, I truly believe that PR really is at a crossroads.</p>
<p>There are many reasons I say this:</p>
<ul>
<li>99% of all the content created by PR professionals now appears online</li>
<li>There is an entire industry growing up around creating tools to mine the huge volumes of data this generates</li>
<li>The data that can be derived from earned media is potentially more valuable than the data from paid media campaigns because of the inherent rise in the value of earned media.</li>
</ul>
<p>The limitations to date have been that the focus of data gathering in the PR industry has been to listen and monitor. This is hugely valuable in its own right but it doesn’t directly translate into business value. As Context Analytics becomes a part of Project Metal (<a href="http://www.prweek.com/channel/Technology/article/979978/Next%20Fifteen's%20Tim%20Dyson%20calls%20for%20digital%20rethink%20as%20Project%20Metal%20is%20conceived/">article here</a>) the most exciting thing for me is looking at how we move beyond listening and monitoring to measuring the impact of earned media on a business. This is now possible and it is an area where Context Analytics has been doing some pioneering work.</p>
<p><img class="aligncenter size-full wp-image-375" title="Table1" src="http://context-analytics.com/wp-content/uploads/2010/01/Table1.jpg" alt="Table1" width="626" height="228" /></p>
<p>By combining media measurement, web analytics, audience data and search analytics we can now demonstrate which type of articles in which digital media destinations generate the lowest cost per customer acquisition. As mentioned in this <a href="http://www.bizreport.com/2010/01/marketers_moving_dm_budgets_to_social_media.html">piece of research</a> from Alterian, earned media outreach can genuinely compete for marketing spend against direct marketing dollars or Google adwords dollars. Now that truly is a crossroads for the PR industry.</p>
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