
As we continue to navigate a fluid economic reality, many business leaders are on an ongoing mission to cut costs and justify spending. Endeavors that are immeasurable are frequently the first to go.
Public relations can easily fall into this category. Marketing can too, but the reality is there is no direct, measurable, line from PR to sales. But before company leaders label PR efforts as unquantifiable, they should look to the following data point, which can confirm their message is getting in front of the right audience thanks to their PR and marketing efforts: Share of Voice (SOV).
SOV allows companies to measure their brand awareness, health and visibility against industry competitors. It can be viewed as a measure of potential awareness by your target audience of your business and its branding. SOV is a trackable metric that demonstrates where your business stands among competitors in a given period of time. It can also demonstrate the PR and marketing tactics or messages that were most successful in raising awareness for your brand.
At the same time, SOV can also provide insight into the most successful PR and marketing tactics of your competitors, giving you an even better idea of what might work for your audience. Further, SOV can point out any potential disconnect between what competitors are talking about and where your business chooses to focus its messaging.
Getting to Know Your Numbers
Calculating the metric is not rocket science. It requires aggregating your company’s media mentions and gathering data on industry competitors and their media mentions from the same points in time. Ideally, you’ll want to measure your SOV and that of your key competitors to get a benchmark before launching a PR campaign. Then, measure again during and after the campaign, to see how your company’s SOV has fared against your competitors.
The results can be eye-opening. We have found our clients see tremendous value in the metric – value they can bring before their board, investors and leadership team to pair with the organization’s overall efforts to achieve critical goals.
For example, at the end of 2022, a global insurtech company reached out to our agency looking to build SOV in the American insurance media market. At the time, they only had a 9.1% SOV and were struggling to breakthrough. Our team studied the approach of their competitors and developed a new, non-promotional PR approach focused on the dynamic personalities and interests of the co-founders and the state of the insurtech and insurance industries more broadly. This approach had a knock-on effect of demonstrating the company had its finger on the pulse of its core audience and their needs.
By avoiding outdated industry topics and blatant self-promotion, focusing on current trends and educating insurtech customers, we were able to secure dozens of media interviews and contributed articles for the company. By the third quarter of 2023 – just 9 months into our engagement – the company had established itself as the dominant voice among its competitors in the insurance media, with an SOV of 77.8%. This growth has corresponded with increased sales numbers and inbound product inquiries.
SOV is a powerful metric. It can demonstrate the value of a strong, consistent and coordinated public relations campaign in partnership with good marketing. While there still is no direct line from PR to sales, a considerable uptick in SOV demonstrates your message is being broadcast, and if done correctly, it is broadcast to the audience most in need of receiving that message. As year-end planning begins, consider incorporating this metric into your 2025 planning to help make your company the top voice among your competitors.

