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Marketing Pays the Bills. PR Builds the Wealth.

Updated: Aug 14

Quick Take

  • Marketing drives growth. PR builds reputation. Most organizations only fund one, but the strongest brands run both.

  • Marketing is your paycheck: fast and transactional. PR is your 401k: it compounds through mentions, referrals, and media moments, building trust that makes marketing convert faster.

  • Reputation is also your crisis fund. Goodwill built over years determines whether you survive a bad moment. You can't build it after the fact.

  • Skip PR and you're running income with no savings. Reputation earns trust, trust supports marketing, marketing drives growth.


Many people don’t see the difference between marketing and public relations. I get the confusion, especially since the functions share some tactics. 


Regardless of any similarities, marketing and PR have different goals. 


Marketing targets growth, usually through sales. PR focuses on reputation and relationships. 


These functions are complementary. Reputation and relationships contribute to growth. Good growth contributes to reputation and relationships. 


The truth is that organizations need both marketing and PR, but most only consistently fund one. 


It’s the strongest brands that have marketing and PR working together all the time. 


PR is not just for special occasions. 

Many teams only deploy PR for the big announcement, the product launch, the milestone moment. After more than 20 years in this industry, I understand how the special-occasion approach happens. These are big moments that organizations must capitalize on


I also see the cost of only focusing on the big announcements. Many organizations think “PR can wait.” But it truly can’t. 


Running marketing and PR programs consistently at the same time feeds the short-term and long-term health of your business. 


Marketing is your income. PR is your savings account. 

Here’s how I explain it… Think about your household finances. Marketing is your paycheck. PR is your 401k. You need both. You've always needed both. 


Your paycheck keeps the lights on. Marketing does the same. A well-executed campaign drives leads, moves product, and produces a return on a relatively short timeline. That's the transaction.


PR isn't a transaction. It builds your reputation. Your reputation is your most valuable asset.


Reputation grows like a good investment, compounding over time. A mention in a trusted publication. The customer referring to your thought leadership content. A journalist who calls on your expertise. An industry group that recognizes your work. 


Over time, your PR efforts create something no campaign budget can buy: credibility and loyalty.


Credibility makes everything else function better.

Marketing converts more easily when trust is already present. Sales cycles shorten when buyers have already seen your name in the right places. Hiring gets easier when your culture and leadership have been publicly vouched for. The flywheel turns.


Recent data backs this up: 

  • 88% of consumers say trust ranks equal to cost and quality in a purchase decision. 

  • 68% paid more for a product last year simply because they trusted the brand. 


That trust doesn't come from a single campaign. It accumulates.


The more you have in your savings account, the less you have to strain on income. The same logic applies here. The more you've invested in your reputation bank, the farther your marketing efforts can reach.


A strong reputation is your crisis fund.

Just as a healthy savings account is your financial safety net, a strong reputation is what you draw on when problems arise. And no organization is immune to a potential PR crisis. 


The more money you have saved in your household emergency fund, the better you can handle a major financial hit. 


It’s the same with reputation. What determines whether a company survives a crisis is almost never the crisis itself. It's the reservoir of goodwill they've built over time. The public, the press, and the partners who know who you are and extend you the benefit of the doubt. 


That goodwill takes years to build. You can’t establish it once a problem occurs. 


Income with no savings.

If an organization is running marketing without PR, here's what they actually have: income without savings. It’s neither healthy nor stable. 


Don’t wait. Invest in building your organization's reputation now. 


The conversation about your brand is already happening on social media, in searches, in newsletters, in comment sections, in the choices journalists and analysts make about who's worth covering. You don't control that conversation. But you can influence it with consistent PR over time. 


That steady influence is the compounding effort. Every mention, every relationship, every moment of credibility builds trust and loyalty.

 
 

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