What is performance PR

If you know who Alex Hormozi is, then chances are you might be familiar with his bestselling book $100M Offers. In the book, Hormozi details how you can craft irresistible offers. Performance PR leverages the principle of guarantees — meaning you don’t pay for PR unless your brand receives a certain amount of views, publications, or impressions, depending on the contractual agreement.

This business model fosters a win-win environment where the PR agency is motivated to deliver optimal results to secure its fee, and the brand can invest with confidence, knowing that they are promised a predetermined level of success.But that’s just the beginning. This article will cover the differences between normal PR and performance PR, the exact model performance PR uses, and the benefits of performance PR.

What is performance PR?

Performance PR is a results-driven PR model where brands pay only for achieved, predefined results, mitigating risks and fostering a mutually beneficial agency-brand relationship. It’s a way for brands to garner attention and grow their brand knowing they’ll get the impressions they pay for.

“After working with hundreds of tech and web3 clients, performance-based PR just seemed to make sense. It offers much more flexibility and efficiency than your standard retainer model which forces companies to spend thousands even if work isn’t needed. Performance PR works extremely well with tech companies because of the odd cycles their businesses typically have. Big launches, updates, and marketing pushes demand flexibility and agility, and I believe this model delivers that perfectly.”

Kim Than, founder of the PR Genius

This model operates on a small, refundable monthly retainer covering the costs of copy, pitching, and strategy. It’s a risk-free engagement where brands can reclaim the retainer if no opportunities arise within a month. During onboarding, a list of approved target outlets is compiled to facilitate swift action upon confirmation, eliminating delays and fostering efficiency. The service range is extensive, encompassing editorial articles, organic interviews, press releases, and TV and podcast opportunities. Furthermore, pricing is transparently broken down into three tiers, varying based on the authority of the outlets targeted, giving clients a clear view of the potential costs and outcomes. What makes performance PR a standout option is its inherent flexibility and dynamic approach. For instance, tech companies often face uneven business cycles characterized by massive launches and updates requiring agile PR responses.

Performance PR adjusts to the changing needs while steering PR efforts in a direction that brings tangible results. Additionally, the model introduces a new era of trust and cooperation between brands and agencies. By aligning the agency’s rewards with the brand’s success, it ensures a collaborative endeavor aimed at achieving the best outcomes. It revolutionizes the traditional PR landscape, shifting from an uncertain, upfront heavy financial commitment to a results-guaranteed, risk-mitigated strategy, creating a scenario where both parties are vested in a fruitful outcome.

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