It’s said that there are three general types of media that a company can use to spread its business message:
Paid: a company buys an advertisement.
Owned: a company self-publishes on its web site, newsletter, etc.
Earned: a company gets free coverage in the news media.
Paid and owned are easy to understand and implement although most companies under-utilize their web site. In these two cases, the company controls the message but both suffer from credibility issues especially with paid media.
Paid advertising only increases brand recognition. It does nothing for brand acceptance (i.e. trust).
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