by Steven Van Yoder
Fuel for your business
Altruism. Corporate responsibility. Philanthropy. These are often used to
describe cause-related marketing, an activity in which businesses join with
charities or causes to market an image, product, or service for mutual benefit.
Embracing a cause makes good business sense. Nothing builds brand loyalty
among today's increasingly hard-to-please consumers like a company’s proven
commitment to a worthy cause. Other things being equal, many consumers would
rather do business with a company that stands for something beyond profits.
Powerful marketing edge
Cause-related marketing can become a cornerstone of your marketing plan. Your
cause-related marketing activities should highlight your company's reputation
within your target market. Cause-related marketing can positively differentiate
your company from your competitors and provide an edge that delivers other
tangible benefits, including:
- Increased sales
- Increased visibility
- Increased customer loyalty
- Enhanced company image
- Positive media coverage
Your cause should align itself with your brand and your personal values. By
choosing a cause you are passionate about, cause-related marketing is
emotionally fulfilling. It's a way to merge your profit center with your
“passion center” and build a business that mirrors your personal values, beliefs
and integrity.
You benefit by letting your market know that you're socially active. If your
cause also resonates with your target market, your activities will strike an
emotional chord with your prospects. Tremendous goodwill can be generated, and
media attention can be its side effect.
Real-world success story
Cosmetic dentist Mark McMahon made himself a media mini-celebrity with a
thriving practice due in part to his high-profile pro bono work in his
community, a strategy that landed him radio and TV appearances in areas where he
worked.
McMahon established partnerships with local charities, including a homeless
shelter and a shelter for battered women, and offered free dental services to
their members. Before each event, he contacted local media and let them know
what he was up to. Several TV crews showed up, filmed him treating patients, and
later aired the segments on the evening news.
“These events were surprisingly easy to arrange, and every year, they'd help us
get press simply by doing these charitable promotions,” McMahon says. “Local
television news stations loved the emotional element. And it was obviously
rewarding to see patients after we'd treated them who'd been in pain for months
talking about how glad they were to be relieved of their toothaches.”
Getting started
Check out Fuel cells for ideas on how you can make cause-related
marketing a cornerstone of your business plan.
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Fuel cells
Cause-related marketing yields mutual benefit. Look for partners with a
similar agenda whose goals can be better achieved by partnering with your
business. Take inventory of the assets that make you an appealing partner in a
cause-related venture.
- Embrace a causeThere are many types of mutually beneficial
relationships you can form with your cause-related partner, including
special events, sales promotions, and collection plans. An easy way to
embrace a cause is to team up with a charity.
- Volunteer—Volunteer with an organization or cause. When Eunice Azzani,
an executive recruiter, volunteered to serve on the board of the San
Francisco AIDS Foundation (SFAF) she didn't anticipate that it would
connect her with executives from Mervyn's, Bank of America, and Wells Fargo
Bank, all who eventually hired her to work for them.
- Cross-promote—As your partnership takes shape, become ambassadors for
each other. Talk about the charitable organization and have flyers
available. Promote the organization (and your partnership) on your Web site
and in your newsletters. Ask your partner to extend the same courtesies to
you.
- Keep your focus—Never lose the marketing focus of your community partnership efforts. Even
though the work is philanthropy, your cause should generate interest in your
company and motivate people to buy from it. Select a cause that is important
to your target market, and make sure your target market sees that
connection.
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Fuel for your soul
Consider these words of wisdom:
“Know what your product is, what tugs at your heart strings, and who
your customers are. Then, choose accordingly”
– Peggy Linial, author of Marketing From the Heart: A Guide to Cause
Related Marketing for the Small Business
“After I did the story on a local television show, I was
recognized in my gym by a masseuse. She said, 'I was thinking about you
this morning while I was flossing my teeth.' She became a great source
of referrals.”
– Mark McMahon
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About the author
Steven Van Yoder is the author of Get Slightly Famous. Visit
www.getslightlyfamous.com to read the book and learn about
“slightly” famous
articles, teleclasses, workshops, and marketing programs to help small businesses.
This article Copyright © 2003 by Steven Van Yoder. All rights reserved.
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