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September 27th, 2011 by Wadds

“Badly planned PR is like buying a lottery ticket” says @adparker

I eavesdropped on a conversation on Twitter this morning between Lewis PR’s Alex Clough (@alex_clough) and TheMediaBriefing.com’s editor Patrick Smith (@psmith) about PR spam.

I emailed the conversation to Adam Parker (@adparker), CEO, Realwire because I knew it would wind him up. He’s made it Realwire’s business to tackle the issue of PR spam.

Here’s Parker’s response.

“Badly planned PR is like buying a lottery ticket. You can believe that it could be you. The old I once sent a release out to a few hundred people from a list on a cold wet Friday afternoon in 1984 and it got picked up by an Financial Times journalist.”

By contrast Parker reckons that well targeted PR is like doing the lottery if you already knew two or three numbers.

“You should win the tenner at the very least and [you increase your chance of] decent prizes and even the jackpot,” he said.

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January 29th, 2010 by Wadds

Inconvenient PR Truth campaign is plainly inconvenient

PR and media response to the Inconvenient PR Truth campaign launched yesterday falls into two camps: broad agreement or a direct challenge, not to the key message of the campaign, but its style.

The irony could not be more delicious. The campaign has utilised a well worn PR tactic, namely powerful content, to get attention. It’s pulled in opinion from across the industry and is now an open platform for discussion.

There have been lots of positive comments. Conversations are taking place on the campaign site itself, blogs, Twitter and an article on the PR Week site. There has been lots of positive input.

But the campaign’s language has also been the target of criticism. It stands accused of opportunism and dramatising the issue, yet much of the content is collated, or crowdsourced to use digital parlance, from articles and blogs where PR spam has been debated over the past two to three years.

Realwire and the campaign in general have been called “arrogant” for its approach to raising the issue. I caught up with its CEO Adam Parker for breakfast this morning. He has strong opinions which he is forthright in sharing but he certainly isn’t arrogant. Engage on the issue and you’ll find out for yourself.

Parker’s objective was to create a discussion around the issue across the PR and media industries and work towards some solutions.

Yes of course it would be great if a PR or media industry organisation or publication was campaigning on this issue – but they aren’t and none have picked it up until now. In his latest blog on the campaign site Parker goes as far as offering to start-over and calls on the CIPR or the PRCA to take up the issue.

Final thought: maybe PR spam isn’t really the issue that it is claimed to be by bloggers and journalists, in which case the campaign will die a natural death. But I doubt it.

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September 9th, 2009 by Wadds

FTSE 100 Confidence Project reaches a conclusion

The FTSE 100 hit 5,004 today for the first time since October 2008. It’s an important psychological marker that will form the basis of debate over the future of the economy in the coming days.

Back in November I spotted that the FTSE had started to fluctuate around a mean of 4,200. In January I launched my personal FTSE 100 Confidence Project investing £1,000 in a FTSE tracker. I’ve used it as a mechanism to comment on the market in the intervening period.

Today I’ve banked £223 on my original investment. That’s 22 per cent growth in nine months. Equities have outperformed almost every other asset class during the last nine months.

Both Adam Parker and David Brain were quick to point out on Twitter that the FTSE 100 has been rubbish during the last years and that it is no higher than it was in 1994.

They are both absolutely spot on which is why if you are going to invest in equities you have to take a proactive approach and have a disciplined stop loss position.

This is why I’m now going to close my project and pull out my investment. To hope for further returns in a short period would be pushing my luck and I believe that the market is close to a normalised position.

If you think differently I would love to hear your views.

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