14 Mar 2008 02:10:56 | Karyn Zoldan
What is cause related marketing? Cause related marketing is when
your business publicly sponsors or donates money, time and/or
services to a charitable organization. In the process of support
or sponsorship, your bottom line benefits by the exposure and
dedication.
Here are some tips to consider when choosing a "cause".
Make the cause related to your target market. The last thing you
want to do is offend your target market. Avoid causes that are
political, controversial, religious, racist, sexist, and
class-centric. To determine suitable causes, you might poll your
employees or send surveys to a random sampling of customers
offering gift certificates to a local florist or CD emporium.
Lastly ask for feedback at your web site; people love to give
their opinion especially for a worthy cause.
Think regional or local. Supporting the well-being of Mongolian
children is a good cause but it's not your target market.
Shorewood Realtors is the largest independent Realtor company in
Los Angeles County. The headquarters is in Manhattan Beach,
California. They give a percentage of profits in perpetuity to
the Manhattan Beach Unified School District. Realtors supporting
schools is a great idea. This highly rated school district is
one of the top reasons families want to buy houses and live
here.
Believe in the cause. Don't pick a trendy cause du jour.
Research it and feel passionate about it. Think about the
human-interest possibilities. Grace Geniusz, president of
Goodness Gracious, Inc. donated 10% of after-tax profits to
breast cancer research. A few years ago, experimental breast
cancer therapies saved her life. She recently sold her company
but previously formed her own foundation that donated to breast
cancer related organizations. Make contacts within the charity.
Get to know and schmooze with the board of directors and movers
and shakers. Don't be an anonymous participant; remember this is
about building business relationships. Encourage your employees
to donate some of their time to the organization too.
Be consistent. Follow through with your promise. If it doesn't
work out the way you thought, give it another chance. Charitable
organizations have a high turnover of volunteers and staff and
you just might be the rock they need. The best way to get
branded is through consistency.
Now get busy; the rewards of giving are a greatly enhanced
byproduct to your business ethic.
About Author :
Karyn Zoldan is the owner and legend in her own mind of
BridgeMarketing.com, an Internet company since 1998. She
specializes in writing search engine optimized web content,
brand-building taglines, and compelling ad copy.