Key strategies for investing in ads in times of crisis
The key strategies for investing in ads in times of crisis are to keep a disciplined presence instead of going dark, reallocate budget toward the...
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8 min read
Katerine Rodriguez | May 29, 2025
8 min read
Katerine Rodriguez | May 29, 2025
Owned, paid and earned media are the three ways a company reaches buyers. Owned media are channels you control, such as your website, blog and email. Paid media are placements you buy, such as search and social ads. Earned media are mentions you cannot buy, such as reviews, referrals and press. The best tactic is a deliberate mix.
For a CEO or CMO, the question is not which channel is fashionable but where each marketing dollar builds lasting value. Paid media buys reach today and stops the moment the budget stops. Owned media compounds over time and lowers acquisition cost. Earned media carries the most credibility and the least control. Getting the balance wrong shows up as rising customer acquisition costs, a pipeline that dries up when campaigns pause, or a reputation problem nobody saw coming.
A common mistake when paying for advertising is to assume that every channel works equally well for any buyer persona. It does not. Each channel behaves differently and demands a different combination of effort, time and money from your inbound marketing campaigns. This article explains own, paid and earned advertising in practical terms, how the three work together, how to allocate effort across them and what leadership should measure.
In a 2010 McKinsey Quarterly article, Beyond paid media, marketing's new vocabulary, the authors described paid media as traditional advertising, owned media as the channels a company controls, and earned media as the promotion consumers generate on their own when a product earns it. The categories remain useful today, as long as leaders treat them as one system rather than three silos.
| Type | What it is | Examples | Main strength | Main limitation |
|---|---|---|---|---|
| Owned | Channels the company controls | Website, landing pages, blog, email, customer portal, app | Compounding asset, full control, first-party data | Slow to build, needs sustained investment |
| Paid | Reach the company buys | Search ads, social ads, video, display, sponsored content | Speed, precise targeting, predictable volume | Stops when spend stops, costs rise with competition |
| Earned | Attention the company earns | Reviews, referrals, word of mouth, press coverage, organic shares | Highest credibility with buyers | Cannot be controlled or switched on at will |
Owned media includes every channel where you decide the message, the format and the timing without depending on a third party's platform rules. Your website, landing pages, blog, email lists and customer portal are the core assets.
Owned media is the foundation for three reasons:
The work behind owned media is less about publishing more and more about publishing what your buyers actually need at each stage of their decision. That is why it starts with a clear definition of the buyer persona and a content marketing plan tied to the sales process.
Paid media is any placement you buy to put a message in front of an audience: search ads, social ads on LinkedIn, Meta and other networks, video on YouTube, display and sponsored content. Its value is speed and precision. You can test a message this week and reach a specific industry, role or region.
Platforms change, so the plan should be built on objectives rather than on ad formats. For example, ads that used to be bought as Gmail ads now run inside Google's Demand Gen campaigns, which, according to Google Ads Help, reach audiences across YouTube, including Shorts, Discover, Gmail and the Google Display Network.
A few disciplines separate productive paid media from expensive noise:
Earned media is the attention you cannot buy: customer reviews, recommendations, referrals, mentions in the press or by industry analysts, and content people share because they find it valuable. It is the most credible form of exposure because it comes from someone other than the brand. Earned media is the result of perseverance in your inbound campaigns: beyond the money invested, it is the strategy behind your conversion paths that eventually gets customers speaking well of your brand on their own. HubSpot's overview of earned media and its examples covers reviews, mentions and recommendations in more detail.
You cannot control earned media, but you can create the conditions for it:
There are also rules. In the United States, the Federal Trade Commission's guidance on endorsements, influencers and reviews says that material connections, such as payment or free products, should be disclosed clearly, that incentives cannot be conditioned on a review being positive, and that suppressing negative reviews can mislead buyers. Any review or advocacy program should be designed with these principles in mind.
The strongest programs connect the three in a loop. Owned content gives paid media something worth promoting. Paid media puts that content in front of the right buyers faster. A good experience turns some of those buyers into reviewers and referrers, which is earned media. Earned media then drives new visitors back to owned channels at no additional cost.
A practical way to think about it is that paid media works like an engine that only moves while you fuel it, while earned media works like a sail that moves you once the wind picks up. Owned media is the boat. Without it, neither the engine nor the wind takes you anywhere. With the sail, make sure the wind is always in your favor, because bad comments and disqualifications can make potential customers stop trusting your brand and end up devastating your sales through negative recommendations.
This also explains why the mix changes over time. A new company or a new product line usually leans on paid media to generate initial demand. As owned assets mature and the customer base grows, organic search and referrals should carry a larger share of new opportunities, and paid budgets can focus on accelerating priority segments.
There is no universal ratio. The right balance depends on your objectives, your sales cycle and how mature your owned channels are. These questions help leadership decide:
Each type of media plays a different role, so judging all of them by the same metric leads to bad decisions. Paid media judged only on awareness looks expensive, and owned media judged on next month's leads looks slow. A simple scorecard keeps the conversation honest:
| Type | Leading indicators | Business indicators |
|---|---|---|
| Owned | Organic visits from target segments, subscribers, content-assisted conversions | Qualified opportunities from organic sources, cost per opportunity over time |
| Paid | Reach in the target audience, landing page conversion rate | Cost per qualified opportunity, pipeline and revenue by campaign |
| Earned | Review volume and rating, share of voice, mentions in relevant media | Referral opportunities, win rate on referred deals, retention of advocates |
The business indicators should come from the CRM, not from each platform's own reporting, so the whole leadership team works from one version of the numbers.
To make sure every channel speaks to the right buyer, use ICX's Persona Playbook toolkit to document your personas, their questions and the channels they trust before planning the next campaign.
ICX Consulting is a commercial strategy and customer experience firm headquartered in Miami, serving companies across the United States and Latin America. We help leadership teams design the channel mix behind their growth plans, from digital marketing strategy and content to referral marketing programs that turn satisfied customers into a source of new business. We then connect every channel to the sales process and the CRM so leadership can see which investments create revenue.
Some marketers add shared media as a fourth category, covering social posts on the company's profiles and content spread by followers. It sits between owned and earned. You control what you post, but the platform controls distribution and the audience decides whether to share. In practice, plan it with owned media and measure it with earned media.
SEO is usually counted as owned media, because the pages that rank belong to you. Rankings, however, are earned from search engines based on relevance and quality, and links from other sites are earned media. That is why SEO results depend on both the quality of your own content and the reputation it builds elsewhere.
Expect months rather than weeks. Content needs time to be indexed, ranked and discovered, and reputation grows with each customer experience. Companies that start investing in owned media while they still rely on paid campaigns can gradually reduce dependence on paid reach without a gap in pipeline.
LinkedIn is often a strong option for reaching specific roles and industries, but it should not be a default. The right choice depends on where your buyers research, how they search and the cost of a qualified opportunity in each channel. Test with clear pipeline metrics, then concentrate budget where qualified opportunities cost least.
There is no benchmark that fits every company, and copying another firm's ratio ignores your margins, sales cycle and channel maturity. Start from the revenue target, work back to the qualified opportunities needed, estimate how many owned and earned channels can deliver, and fund paid media to close the gap. Revisit the split as organic sources grow.
Growth that depends only on paid reach ends the day the budget does. If you want help formulating your conversion paths and choosing the channels that build lasting demand and turn customers into your most credible advocates, talk to an ICX consultant about the plan behind your next stage of growth.

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