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The Seven Myths of Prospect Research. Why avoid the Seven Myths? Cheaply Effectively Efficiently Strategically Accurately Productively Calmly.

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Presentation on theme: "The Seven Myths of Prospect Research. Why avoid the Seven Myths? Cheaply Effectively Efficiently Strategically Accurately Productively Calmly."— Presentation transcript:

1 The Seven Myths of Prospect Research

2 Why avoid the Seven Myths? Cheaply Effectively Efficiently Strategically Accurately Productively Calmly

3 Myth 1 - Research comes first

4 Cultivation Cycle 1. Research 2. Plan 3. Cultivate 4. Involve 5. Ask 6. Thank 7. Steward

5 Cultivation Cycle 1. Identify 2. Plan 3. Cultivate 4. Involve 5. Ask 6. Thank 7. Steward Research

6 Myth 2 – It’s all about the wealthy

7 It’s not just about money Expertise Influence – ‘Address book’ Venue Company resources

8 Myth 3 – Research costs money

9 The web is free Search engines Weblogs Discussion groups Online newspaper archives Prospect research sites

10 Libraries are free Books Biographies Reference books Resources Numerous databases available (knowUK, Who’s Who, MINT, FAME. NewsUK, etc.)

11 Westminster library

12 Myth 4 – Find out everything you can

13 You cannot find out everything… Salary/wealth Business information Electoral roll/directory enquiries Directors’ home addresses Property registration

14 …but you do not need to. A profile is not a biography Affinity not life-story Relevant Focussed Insider information But beware gossip

15 Myth 5 – Your manager ‘gets research’

16 Remember… You cannot find out everything Some resources are expensive Research is not a production line Keep your manager updated!

17 Myth 6 – I know how to search the net

18 Google Nancy Blachman’s Googleguide.com Foreign Google sites Google Books Google Scholar Staggernation.com Google News Archive Logoogle.com

19 www.123people.co.uk

20 www.blinkx.com

21 www.kartoo.com

22 Just what are the best search engines? http://searchengineshowdown.com http://searchenginewatch.com http://www.philbradley.typepad.com

23 Myth 7 – The Sunday Times Rich List

24 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

25 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+).

26 How accurate? “You never know how much a man is worth until you know how much he owes” Roland "Tiny" Rowland

27 How relevant? April 2008, Viscount Petersham ‘worth’ £250m (STRL) Oct 2008, Viscount Petersham ‘worth’ £40m (Estates Gazette)

28 Donation history Donations to political parties NSPCC Full Stop Patrons Major Donor lists on websites & annual reports Newspaper archives Check with your other prospects

29 Contact Details Mathew.iredale@stroke.org.uk Check out www.fundraisingresearch.info for the full presentation


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