Saturday, August 05, 2006

Value of PR

PR Newswire recently put a release up for bid on eBay, a move that Karen Sams says is an interesting publicity move.

It is, but it worries me a bit. In the late 1990s when I was doing a bit of branding or a small jams and jellies company, well before eBay was known for as much as it is, my brother suggested we put the products on eBay. I scoffed, but his reasoning was simple: there's an audience with money ready to buy it, and you can easily set pricing based on what people bid.

He's right, of course. I often use eBay to determine market value for used goods, such as a camera I recently bought. I knew I was getting a good deal when similar items sold for much more than the price I'd negotiated (for eBay I'd have to add shipping , which I didn't have to pay). It's also led me to the conclusion that there are few real bargains on eBay.

So when Lee Odden pays well below PR Newswire's rates for a 400 word release, I see a small red flag. I'm not going to raise the alarm just yet, it's only one auction. But it's certainly not positive.

1 comment:

TopRank said...

Hey Chuck, That PRNewswire release on eBay is just a test. It's an offpeak distribution, so the value is nothing like a regular PR Newswire release distribution.

When I finally get around to distributing my release, I'll blog the process and results (if any) at MarketingBlog.com.