How Much Do Press Releases Cost? A Comprehensive Guide To Affordable Press Release Services - Mogul Press
how much do press releases cost

How Much Do Press Releases Cost? A Comprehensive Guide To Affordable Press Release Services

Are you trying to distribute a press release for your business? Read this article to learn how much do press releases cost, why you need them, and what are the affordable choices.

In the vast realm of public relations and marketing strategies, press releases stand strong, serving as trusted messengers of crucial information to both media and the public. Even in this digital age of swift internet communication, they maintain their importance. In 2019, a whopping 37,748 press releases were dispatched, 60% of them through wire services.

But what’s the price tag on a press release, and how can you ensure it’s a worthwhile investment? This article dives into cost-effective press release services, shedding light on the factors shaping their pricing.

We’ll navigate through the crucial features to seek in budget-friendly press release services and provide helpful tips for choosing the perfect fit for your needs. Moreover, we’ll spotlight some of today’s most affordable press release services. Stay with us to discover the secrets of an impactful marketing strategy.

The importance of press releases

Whether you seek to gauge the return on investment for press release distribution or aim to build a compelling case for C-suite executives regarding the value of such services, consider the following advantages:

  • Enhancing brand visibility
  • Crafting engaging stories
  • Building effective media lists
  • Targeting the right media
  • Cultivating media relationships
  • Credibility
  • SEO benefits
  • Announcements

Enhancing brand visibility:

Press releases are a cost-effective way to reach a wider audience. You get a lot of exposure for a reasonable price, making it a smart marketing investment.

Crafting engaging stories:

Creating Interesting Stories: Getting busy professionals in the business world to pay attention needs more than boring and repetitive company news. It’s the company’s job to make the news exciting. Even if your press release seems dull at first, it can be made more interesting.

Building effective media lists:

In the world of public relations, having an updated and detailed media list is very important. It helps a lot in spreading the word about your company or product. The success of a public relations effort depends on having a good media list with correct contact information and the topics journalists are interested in.

Targeting the right media:

Only relying on research and simple emails has limitations when you want to reach the right media. Sending out many messages and emails and not getting a reply can be disheartening. It’s very important to choose the right media outlets for your PR to be successful.

Cultivating media relationships:

Using press release services can help in creating good relationships with the media. These relationships are very important. Having good interactions that benefit both sides can result in positive news coverage, reaching more people, and getting more recognition.

Credibility:

A well-crafted press release can enhance your credibility and authority within your industry, making it a valuable marketing tool.

SEO benefits:

Press releases can improve your website’s search engine rankings by generating high-quality backlinks and increasing online mentions.

Announcements:

Whether it’s launching a new product, celebrating an achievement, or sharing company updates, press releases allow you to announce significant events.

Now that we understand the significance of press releases let’s explore how to find affordable press release services without compromising on quality.

Understanding the cost of a typical press release

In today’s digital era, where information spreads rapidly online, you might question if press releases still matter in marketing. Surprisingly, they do. In 2019, a whopping 37,748 press releases were sent out, and 60% were sent via wire services.

Press releases remain crucial, especially for important disclosures, notably in finance and investments. If you have significant news, a well-crafted press release remains a powerful tool to gain broad attention.

However, what’s the financial commitment for a press release, and how can you ensure you’re investing wisely? Let’s dig in and understand the factors that determine the cost of a press release campaign.

The price tag on press releases

Press releases come with varying price tags, and the costs are influenced by several factors. Let’s break down the key elements:

1. Quality of writing

2. Press release agency costs

3. Press release writing services – one-off or flat-rate

4. Monitoring

5. Diverse distribution methods and inclusive press kits

6. SEO

7. Press release distribution pricing

1. Quality of writing

Sometimes, you’ll find press release offers for just $5 or $10 on websites like Fiverr.com. But be careful—the quality might not be good. If you pay too little, you might get a not-so-great press release. On the other hand, experienced writers, especially those who’ve been doing this for a long time, usually charge between $500 and $2500 for a press release. The price depends on how good they are, what work they’ve done before, and how much they know about your type of business. Also, other things like spreading the release and keeping track of the news might cost extra.

2. Press release agency costs

Opting for a press release agency is another route, with costs starting at around $3000. This package usually includes distribution, news monitoring, and consultation services. An agency will create a press release with clear messaging, ensuring your news garners the attention it deserves.

3. Press release writing services – one-off or flat-rate

When you hire a press release writer, you have options for pricing. You can choose to pay for each press release individually, set a fixed yearly or seasonal rate, or have the writer on a retainer. Retainers are useful because they let the writer grasp your company thoroughly, ensuring press releases align well with your brand and industry.

4. Monitoring

Keeping track of things might seem easy, but it’s super important. For companies that release news, being good at using monitoring tools is really valuable. It helps them stay updated on important happenings, like new projects, staff changes, or promotions. If you don’t have these monitoring tools, you might miss out on important events that should be in your press releases.

5. Diverse distribution methods and inclusive press kits

For a press release campaign to succeed, it’s not just about writing well. You need to use various ways to share it with the right people. Also, offering a press kit with detailed information about your company is crucial. This makes it easier for journalists and saves them time looking for the right information.

6. SEO

SEO optimization is super important to be seen on Google’s first page. The cost for SEO services can vary depending on what you need, like keyword research and using those keywords to improve how you show up in searches. Being visible in search engine rankings is crucial, especially if you want your content to be on the top of Google’s first page.

7. Press release distribution pricing

Press release distribution also comes with its own set of pricing considerations. There are three tiers of press release distribution pricing:

  • Free/Low-Cost services
  • Newswire services for large corporations
  • eReleases.com

Free/Low-Cost services:

These options may offer free or inexpensive distribution, but they typically have limited reach and may not provide significant exposure.

Newswire services for large corporations:

These services, mainly for big companies, can be quite costly, starting at around $1,500 for each release. The total cost can go up to nearly $10,000 with added expenses. However, this high level of service is usually too expensive for small businesses.

eReleases.com:

 eReleases distributes press releases via PRNewswire to reporters nationwide, alongside their internal list of targeted media, influencers, and bloggers. Their pricing ranges from $399 to $699 per release, depending on the chosen package, making it a more budget-friendly option for small businesses.

Recognizing press release costs as an investment

Seeing press release costs as investments is important rather than just expenses. Press releases are a great way to communicate with stakeholders, partners, prospects, and stockholders. They save time compared to reaching out individually, efficiently spreading the word.

Typically, organizations spend between $500 to $2500 on press releases. This investment is even more worthwhile during growth phases that require frequent updates. Higher-end press release services can result in significant returns like media coverage worth thousands of dollars.

A professionally handled press release campaign can bring in substantial media coverage, leading to future revenue. Considering a professional service like eReleases for distribution ensures a more effective strategy than handling it alone.

Key features of budget-friendly press release services

When searching for the cheapest press release services, it’s essential to consider the following key features to ensure you get the most value for your money:

1. Distribution network

2. SEO

3. Professional writing

4. Customization

5. Analytics and reporting

6. Customer support

1. Distribution network:

Look for services that offer distribution to a wide range of reputable news outlets, including both online and traditional media sources.

2. SEO:

Affordable press release services should include SEO optimization to help your release rank higher in search engine results.

3. Professional writing:

Ensure that the service provides professional press release writing or editing to maintain a high level of quality and readability.

4. Customization:

Choose a service that allows you to tailor your press release to your specific needs, including target audience and distribution preferences.

5. Analytics and reporting:

Access to analytics and reporting tools is crucial to track the performance of your press release and assess its impact.

6. Customer support:

Reliable customer support can be invaluable, especially if you have questions or encounter issues during the press release distribution process.

Tips for choosing the right service

Now that you know what to look for in affordable press release services, here are some tips to help you make the right choice:

1. Compare pricing

2. Read reviews

3. Check distribution networks

4. Ask about SEO benefits

5. Request samples

6. Consider add-ons

1. Compare pricing:

Don’t settle for the first service you find. Compare prices, packages, and features offered by different providers to find the best value for your budget.

2. Read reviews:

 Look for customer reviews and testimonials to get insights into the experiences of others who have used the service.

3. Check distribution networks:

Ensure that the service has a robust distribution network that includes relevant media outlets for your industry or niche.

4. Ask about SEO benefits:

 Inquire about the SEO benefits the service provides, such as keyword optimization and backlink generation.

5. Request samples:

If possible, request samples of previous press releases distributed by the service to gauge the quality of their work.

6. Consider add-ons:

 Some services offer additional features like multimedia attachments or social media sharing. Assess whether these add-ons align with your goals.

Top cheapest press release services

While the affordability of press release services can vary, here are some reputable options that offer budget-friendly packages:

1. PRWeb:

2. eReleases:

3. Newswire:

4. 24-7 press release newswire:

5. Send2Press newswire:

1. PRWeb:

PRWeb offers various pricing tiers, including a cost-effective option for those on a tight budget. They provide wide distribution and SEO benefits.

2. eReleases:

eReleases offers professional press release writing and distribution at competitive rates. They focus on personalized service.

3. Newswire:

Newswire provides affordable press release distribution with a strong emphasis on SEO optimization and media exposure.

4. 24-7 press release newswire:

This service offers cost-effective press release distribution with a straightforward pricing structure.

5. Send2Press newswire:

Send2Press offers affordable press release distribution and writing services with a focus on industry-specific targeting.

Start your press release campaign today

If you’re new to press releases and worried about costs, there’s help available. Services like eReleases can distribute your release to the right journalists in your industry. eReleases, a reliable choice, is affiliated with PR Newswire. Explore how eReleases can assist you in starting your press release campaign and see the benefits.

FAQs

Question: What causes the costs of press releases to vary?

Answer: Press release prices can change because of different things, such as:

Additional Services: Some press release services give extra options like spreading the release, reaching out to the media, or analyzing results. These added services can affect how much a press release costs.

Quick Turnaround: If you need the press release done fast, you might have to pay more to speed up the process.

Question: Is it a good idea to spend money on press releases?

Answer: Press releases can be really beneficial for a few reasons:

  • Tell Your Story: They let you share important information clearly, focusing on the who, what, when, where, why, and how.
  • Affordable Advertising: Even though some press release services cost money, they offer a budget-friendly way to let the media and the public know your story.
  • Work with the Media: Press releases are a type of owned media, and sometimes you pay to get them seen by more people.
  • Lasting Impact: Press releases can stay available for a long time, sometimes forever on certain websites like Newswire.com.

Question: Can press releases be shared without spending money?

Answer: Yes, you can utilize free press release distribution services to share your story with the media and the public at no cost. Combining free distribution with paid options can extend your story’s reach and strengthen your brand’s impact.

Question: Is a press release considered paid advertising?

Answer: Generally, press releases are seen as content a company owns but they are often promoted through paid channels to gain media coverage. For instance, when a company showcases reviews as testimonials on its website, these reviews transition from earned to owned media.

Question: What leads to press release failures?

Answer: Various factors can contribute to press release failures, including:

Lack of Newsworthiness: Press releases should announce the news, not focus on ads or self-promotion. If the content lacks genuine news value, the media and readers may not find it interesting.

Insufficient Background Information: Press releases should provide useful background details, but excessive focus on products or services can diminish the story’s appeal.

Question: Is SEO important for press releases?

Answer: Yes, SEO indirectly benefits press releases. Writing an effective press release involves making it attractive for potential media coverage and following SEO best practices to boost online visibility.

Question: How long are press releases relevant?

Answer: The lifespan of a press release varies, influenced by factors like content quality and search engine optimization. While press releases on Newswire.com remain live indefinitely, they may appear on other platforms for 30-120 days or longer if picked up by additional outlets.

Question: Can anyone learn to write press releases?

Answer: Yes, press release writing is a skill that anyone can develop through practice and following a proper structure. Although it might seem daunting initially, mastering the process is achievable.

Question: How much does freelance press release writing cost on average?

Answer: Freelance press release rates vary based on factors such as the purpose and complexity of the release. Generally, rates for advertising and public relations press releases fall within these ranges:

  • Per Hour: High: $182, Low: $30, Average: $80.
  • Per Project: High: $1,500, Low: $125, Average: $700.
  • Other: High: $2 per word or $750 per page; Low: 50 cents per word or $150 per page; Average: $1.20 per word or $348 per page.

Question: Is it possible to self-publish a press release?

Answer: While you have the option to publish your press release on your website, using a PR distribution service typically yields better results by enhancing visibility and reach.

Question: What are the revenue sources for media outlets?

Answer: Media outlets generate revenue through both direct and indirect payments. Direct payments involve consumers paying for goods or services provided by the media outlet, such as purchasing newspapers or subscribing to cable services. Indirect payments occur when media outlets monetize their content through advertising, subscriptions, or sponsorships.

Question: How do press releases contribute to SEO?

Answer: Press releases primarily provide SEO benefits indirectly. While press release URLs may occasionally rank in search engine results pages (SERPs), their primary SEO advantage lies in driving traffic, acquiring backlinks, and increasing online visibility when distributed and picked up by various media outlets.

Question: What are the drawbacks associated with press releases?

Answer: While press releases offer several advantages, they also have some drawbacks. First, you need to have a newsworthy angle or hook that will catch the attention of the media and their readers. If your press release is too boring, promotional, or irrelevant, it may not receive much attention.

Question: Do companies still use press releases today?

Answer: Yes, companies continue to use press releases, although creating an effective press release now requires more strategic planning due to the digital age.

Question: How long should a press release usually be?

Answer: An ideal press release is approximately one page long. Going beyond this may overwhelm journalists, while being too short may not provide enough information. A commonly suggested length is around 400 words or a full printed page.

Question: What’s the best way to start a press release?

Answer: A well-structured press release should start with an opening paragraph that mentions the event’s location and introduces the topic. Media outlets look for newsworthy announcements, needing details about when, where, and why the event is happening.

Question: What tactics can be used to effectively promote a press release?

Answer: Successful promotion of a press release involves focusing on pertinent and essential details while avoiding unnecessary content. Clearly and succinctly providing ample information increases the chances of the press release being read and considered for publication.

Conclusion

Even in today’s digital world, press releases are essential for visibility and credibility. You can find affordable press release services without compromising quality. By assessing your needs, comparing providers, and choosing the right service, you can share your news and stories effectively, even if you’re on a budget.

Nabeel Ahmad

Nabeel Ahmad

Nabeel Ahmad is the Founder / CEO of Mogul Press. On this blog, he shares valuable insights regarding PR and marketing.