Monday, October 11, 2021

The What, Why and How of Cause Marketing

 

Whether you market beauty products, cars or the latest in cloud technology, customers and prospects care about more than just your products and services. They care about the integrity of your business -that you don’t just focus on profits, but also on benefitting society as a whole. Today’s consumers want to know that they can trust and stand behind your business or organization.

Consumers want to what you sell AND who you are. Any organization that is wanting to stand out, needs to stand up.  Utilizing cause marketing is a great way to stand up for a cause that aligns with your organization and stand out from your competitors. 

Cause Marketing Defined

Cause marketing can only be executed successfully if it is embraced authentically.  This type of marketing allows a business to promote a social cause to showcase social responsibility (and humanity) to customers. Companies provide customers with additional value by supporting philanthropic initiatives important to the consumer and the brand, fostering brand loyalty, and a sense of purpose beyond consumerism:

However, if there is no plan or cause strategy, consumers will know.  The marketer must explain the WHY.  Just like you should know the why of your organization – why you do what you do and why consumers should buy from you – so should you explain the why behind your cause affiliation.

THE RIGHT MESSAGE AT THE RIGHT TIME

Countless businesses have successfully leveraged cause marketing to boost sales by showing customers that they care about social good. Their success comes from focusing their message in ways that are both compelling and relevant to the social issues consumers care about and that the brands support. Authenticity is of vital importance.  No jumping on the band wagon just to jump.

In every regional, national or global event or movement, brands should evaluate ethical and brand perception when deciding how to show up. Does the movement align with the core values of the company? Does your team believe it has a moral role to play or an ethical obligation to participate? Consider your action and communication plans from a place of authenticity.

WHY CAUSE MARKETING MATTERS FOR YOUR BUSINESS

The experience of countless businesses shows cause marketing can help companies to achieve many of their principal marketing objectives, such as increasing brand awareness, customer engagement, and sales, while also following their ethical values. In fact, for many companies that effectively embrace cause marketing, it can be a game-changer for their business.

·         Consumers want to purchase from businesses that share their values

·         Consumers want to spend more with businesses that are engaged in social good

·         Consumers buy from or boycott businesses based on their position on key social issues

·         Consumers want companies to take a stand on social issues

HOW TO USE CAUSE MARKETING

Businesses, large and small, that launch highly successful cause marketing campaigns take the time to understand what causes their customers care about most. Their success can also be attributed to using best practices for their campaigns and in their dedication to being authentic to their company values.   

Yes, every business is different, with varying customers, goals, and marketing challenges. Cause marketing works best when a company abides by a playbook that employs the following strategies:

1. REINFORCE THE COMPANY’S “BRAND PURPOSE”

Your brand purpose is your business’s reason for existing, rather than solely for making a profit. For example, Amazon expresses its brand purpose in its mission statement, ““To be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.” 

For your cause marketing campaign to succeed, it’s important to clarify what your brand purpose is, and then espouse causes that reinforce that purpose. The causes you support may change some as public opinion shifts, but your brand purpose should remain steadfast. The key is to align causes you back to your brand purpose in compelling, resonant, authentic, and transparent ways.

2. BE AUTHENTIC

Today’s consumers are savvy—they can instantly spot messaging that is forced or fake. Messaging that comes across as fake or inauthentic will negatively impact your brand, rather than elevate it. That can be a costly mistake for marketers, especially when a business advocates social causes that their customer base cares about.

When it comes to cause marketing, the end most definitely does not justify the means. If you don’t care about the cause you claim to support, your customers will know.  They will repay you buy paying your competitors or complaining within their networks.

3. ENCOURAGE SOCIAL MEDIA PARTICIPATION

When customers care about child abuse, animal welfare, climate change, or social justice, they want to do more than stand on the sidelines. The businesses most successful with cause marketing are those that resonate with their customers and encourage active participation from them.

One of the best ways to do that is by leveraging the power of social media, the natural vehicle to promote meaningful exchanges and conversations. When you ask your customers on social media to help you help others, they feel good about themselves and, by extension, about your business.

A cause marketing campaign can take your business to the next level, if it is done the right way. When your company truly care about more than profit, customers and prospects will take notice.  You can capitalize on this by effectively differentiating yourself from your competitors and give the public a compelling reason to buy your products and services.

Remember, any marketing concept is only as good as the execution of it. To succeed with cause marketing and approach it thoughtfully, make sure t
he cause you support aligns with your brand, is authentic and leverages the power of customer participation through social media (and word of mouth).   If you’d like to learn more about how cause marketing can help your business or help determine which cause would best fit your mission, contact SK Consulting today!