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What Is Earned Media?
Owned Media and Paid Media are crucial components of a comprehensive marketing strategy. Earned Media refers to content created about a brand by external sources, such as news articles, blog posts, customer reviews, social media shares, or word-of-mouth recommendations.
It’s an unpaid form of media generated through trust and satisfaction from customers or the public toward a product or service.
Examples of Earned Media:
- A blog review about a product.
- Social media shares or mentions of a brand.
- Positive feedback from customers on forums or e-commerce platforms.
Pros and Cons
Pros
- Builds credibility: Earned Media content is often viewed as more trustworthy compared to paid advertisements.
- Low cost: It doesn’t require a large budget like Paid Media; instead, it relies on strategy and brand value.
- Wide reach: Earned Media content can go viral, naturally increasing brand visibility.
Cons
- Lack of control: Content from this channel is not managed by the business, making it vulnerable to negative feedback.
- Time-consuming: Building trust with customers and the public takes time.
- Dependent on customer experience: Poor experiences can lead to negative.
How to Build an Effective Earned Media Strategy
- Offer quality products/services: Ensure your products exceed customer expectations, laying the foundation for positive.
- Encourage reviews: Prompt customers to leave reviews on your website, social media, or e-commerce platforms.
- Engage regularly: Respond quickly to customer comments, questions, or reviews to foster closer relationships.
- Create shareable campaigns: Use engaging content or unique brand stories to inspire users to share.
- Leverage influencer marketing: Partner with influencers to generate authentic, shareable content.
Integrating Earned Media With Owned Media and Paid Media
To maximize marketing efficiency, businesses should combine Earned Media with Owned Media (brand-owned platforms) and Paid Media (paid promotions):
With Owned Media:
- Repurpose content: Highlight positive reviews or customer feedback on your website, blog, or email campaigns.
- Build sharing platforms: Use social media and websites to amplify content.
With Paid Media:
- Boost content reach: Run ads featuring high-performing Earned Media content to reach larger audiences.
- Establish initial recognition: Use Paid Media to attract new customers, creating opportunities for this channel to develop organically.
Integrated Strategy:
- Launch multi-channel campaigns by starting with Paid Media for visibility, leveraging Owned Media for engagement, and utilizing this channel for credibility and amplification.
Conclusion
This channel plays a crucial role in building trust and amplifying a brand’s marketing impact. However, to optimize results, businesses need to strategically integrate Owned Media and Paid Media into a cohesive marketing plan. With the right approach, Earned Media not only boosts revenue but also strengthens brand authority in the market.