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The Seven Myths of Prospect Research
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Why avoid the Seven Myths? Cheaply Effectively Efficiently Strategically Accurately Productively Calmly
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Myth 1 - Research comes first
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Cultivation Cycle 1. Research 2. Plan 3. Cultivate 4. Involve 5. Ask 6. Thank 7. Steward
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Cultivation Cycle 1. Identify 2. Plan 3. Cultivate 4. Involve 5. Ask 6. Thank 7. Steward Research
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Myth 2 – It’s all about the wealthy
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It’s not just about money Expertise Influence – ‘Address book’ Venue Company resources
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Myth 3 – Research costs money
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The web is free Search engines Weblogs Discussion groups Online newspaper archives Prospect research sites
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Libraries are free Books Biographies Reference books Resources Numerous databases available (knowUK, Who’s Who, MINT, FAME. NewsUK, etc.)
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Westminster library
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Myth 4 – Find out everything you can
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You cannot find out everything… Salary/wealth Business information Electoral roll/directory enquiries Directors’ home addresses Property registration
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…but you do not need to. A profile is not a biography Affinity not life-story Relevant Focussed Insider information But beware gossip
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Myth 5 – Your manager ‘gets research’
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Remember… You cannot find out everything Some resources are expensive Research is not a production line Keep your manager updated!
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Myth 6 – I know how to search the net
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Google Nancy Blachman’s Googleguide.com Foreign Google sites Google Books Google Scholar Staggernation.com Google News Archive Logoogle.com
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www.123people.co.uk
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www.blinkx.com
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www.kartoo.com
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Just what are the best search engines? http://searchengineshowdown.com http://searchenginewatch.com http://www.philbradley.typepad.com
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Myth 7 – The Sunday Times Rich List
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How comprehensive? “This year there were 500 people or families in the rich list worth over £100 million. I reckon…that there are at least another 500 worth £100 million who are missing.” Philip Beresford, April 2005
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How accurate? Sri & Gopi Hinduja (£6bn), David Khalili (£6bn), Jim Ratclife (£3.3bn), Simon Halabi (£3bn), Eugene Shvidler (£1.3bn), David Ross (£900m), Vincent & Robert Tchenguiz (£850m), Robert kauffman (£800m), Peter Cullum (£700m), Lev Chernoi (£620m), Bruce Gordon (£480m), Paul Kemsley, Aneel Mussarat, Nabeel Mussarat Chowdery, Pervaiz Naviede, Kevin Linfoot, Leon Max, Nick Denton, Andrew Tinker and William Stobart (all £100m+).
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How accurate? “You never know how much a man is worth until you know how much he owes” Roland "Tiny" Rowland
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How relevant? April 2008, Viscount Petersham ‘worth’ £250m (STRL) Oct 2008, Viscount Petersham ‘worth’ £40m (Estates Gazette)
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Donation history Donations to political parties NSPCC Full Stop Patrons Major Donor lists on websites & annual reports Newspaper archives Check with your other prospects
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Contact Details Mathew.iredale@stroke.org.uk Check out www.fundraisingresearch.info for the full presentation
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