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	<title>Exploring Conversational Mediavalue of pr | Exploring Conversational Media</title>
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		<title>Placing a value on a press release</title>
		<link>http://jeffesposito.com/2009/02/05/placing-a-value-on-a-press-release/</link>
		<comments>http://jeffesposito.com/2009/02/05/placing-a-value-on-a-press-release/#comments</comments>
		<pubDate>Thu, 05 Feb 2009 02:41:09 +0000</pubDate>
		<dc:creator>Espo</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[blogs]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[value of pr]]></category>

		<guid isPermaLink="false">http://jeffesposito.wordpress.com/?p=50</guid>
		<description><![CDATA[Working for a large company, we are always hearing: how does this contribute to the business? As a flack its always tough to defend what PR does, especially when not many people realize what a PR team actually does. Our search team has valued our releases, search enhanced via Marketwire between $2,000 &#8211; $5,000, but...]]></description>
			<content:encoded><![CDATA[<p>Working for a large company, we are always hearing: <em>how does this contribute to the business? </em>As a flack its always tough to defend what PR does, especially when not many people realize what a PR team actually does.</p>
<p><img class="alignleft" title="Marketwire logo" src="http://www.tours.com/html/files/MARKETWIRE%20LOGO.jpg" alt="" width="125" height="40" />Our search team has valued our releases, search enhanced via <a href="http://www.marketwire.com" target="_blank">Marketwire</a> between $2,000 &#8211; $5,000, but it is just on an educated guess or hypothesis. Trying to apply publications&#8217; ad rates is equally skewered when looking for results.</p>
<p>So how can one expect to answer the age old question mentioned above?<span id="more-50"></span></p>
<dl class="wp-caption alignright">
<dt class="wp-caption-dt"><a href="http://images.google.com/imgres?imgurl=http://normanswei.files.wordpress.com/2008/01/frustration-man.jpg&amp;imgrefurl=http://www.intersectionofonlineandoffline.com/debate-about-the-value-of-pr-agencies/&amp;usg=__qhc8-LBVqw4YhWuIJJNaJUEqxT0=&amp;h=401&amp;w=350&amp;sz=22&amp;hl=en&amp;start=1&amp;um=1&amp;tbnid=TtZCZh9lSsFYFM:&amp;tbnh=124&amp;tbnw=108&amp;prev=/images%3Fq%3Dvalue%2Bof%2Bpr%26ndsp%3D18%26um%3D1%26hl%3Den%26sa%3DN"><img title="PR" src="http://normanswei.files.wordpress.com/2008/01/frustration-man.jpg" alt="Image courtesy of The Intersection of Online and Offline " width="280" height="321" /></a></dt>
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<p>Typically I would say that you can&#8217;t gague the impact of PR or a press release outside of social media. That will be until around 5:30 pm today.</p>
<p>We are sending out a press release around the open of the market announcing our <a href="http://www.vistaprintsmallbiz.com" target="_blank">small business marketing blog</a> as a Social Media 2.0 release over Marketwire.</p>
<p>In the past we have seen typical releases average  331 pickups on Google, however our most recent social release we saw over 1,500 placements on <a href="http://google.com" target="_blank">Google</a> alone.</p>
<p>The blog is hosted on <a href="http://www.wordpress.com" target="_blank">WordPress</a> and has gained traffic of around 50 visitors/day through our viral efforts on <a href="http://www.twitter.com/vpsmallbiz" target="_blank">Twitter</a> and a few small plugs in a targeted, but small email campaign.</p>
<p>I am hoping that via the strength of the press release, we can finally put a number or get a better understanding of what that &#8220;value&#8221; may be.</p>
<p>I&#8217;ll update later in the day with a number. My pie in the sky guess is that the release will generate 1,000 visitors to the site tomorrow.</p>
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