I attended a major movie premiere last week and found it to be amazingly well organized. Between the after party and the attention to detail, the event must have cost hundreds of thousands of dollars – a major spend for a studio. I enjoyed myself because I had the chance to view influencer marketing at its finest. They really reached key people.

I am a huge proponent of influencer marketing – talking to people who talk to people –for consumer brands, B2B and many additional purposes. Clearly, influencer marketing varies when it comes to Facebook and other forms of social media, but little compares to being in front of someone who talks to many others. It is worthwhile on many fronts.

That said, while I was at the movie premiere, I couldn’t help but wonder why public relations gets the short end of the stick. Events are held costing tens of thousands of dollars, advertisements are placed costing hundreds of thousands (or even millions) of dollars, but in general, the largest companies in the world don’t spend more than $1 million a year with PR agencies. It is a fact that ANY PR firm in the U.S., regardless of its size, would chase after a $500K RFP like there was no tomorrow.

Such an RFP would be front page news in every PR trade magazine. For any PR firm, a major budget is considered to be $15-$25K a month. That’s considered next to nothing to ad agencies. Time and again, PR seems to get short shrift. Because the industry is relatively immature, despite talk to the contrary, it is not given enough financial share or deserved emphasis. Too many companies fail to see the true value of PR, and that is to their detriment. I am sure my colleagues share this viewpoint with me.

Ronn Torossian

5WPR