Cause Related Marketing Makes for Smart Marketing Strategy
Released on = August 28, 2006, 8:24 am
Press Release Author = Rosica Strategic Public Relations - Chris Rosica, CEO
Industry = Management
Press Release Summary = What is Cause Marketing and how does it pertain to companies in the Homeland Security space? Cause marketing, also referred to as cause-related marketing, corporate responsibility, corporate philanthropy, and corporate social responsibility, is a public relations practice that links for-profits or government entities with not-for-profits for mutual benefit.
Press Release Body = What is Cause Marketing and how does it pertain to companies in the Homeland Security space? Cause marketing, also referred to as cause-related marketing, corporate responsibility, corporate philanthropy, and corporate social responsibility, is a public relations practice that links for-profits or government entities with not-for-profits for mutual benefit. The non-profits benefit from cause awareness and media relations, while the corporation receives visibility that results in goodwill, positive employee relations, customer loyalty - and sales.
Embracing a cause makes good business sense. Nothing builds brand devotion among today's increasingly hard-to-please, skeptical consumers like a company's proven commitment to a worthy cause. In fact, most people prefer to do business with a company that stands for something beyond profits.
Cause-related marketing can become a cornerstone of your communications plan. Your cause-related marketing activities should highlight your organization's reputation within your target market. Cause marketing can positively differentiate your company from your competitors and provide an edge that delivers other tangible benefits, including: Increased visibility Increased customer loyalty Improved image Positive media coverage
By selecting a charity you are passionate about, cause-related marketing can be emotionally and economically rewarding. It is a way to build a business that parallels your personal and corporate values and beliefs. If your cause also resonates with your target audience, your activities will create tremendous goodwill and media attention.
The Impact of Cause Marketing: In a 2005 study on the impact of cause marketing, the following quantifiable results were found: Four out of five people surveyed said that when comparing two products of the same price and quality, they would be more likely to buy the product associated with a cause they cared about More than four out of five (84%) said they have a more positive image of companies affiliated with a cause Over half said they would pay more for such products Women, in particular, prefer to do business with socially responsible companies
Cause-related marketing case studies are available on the web.
Web Site = http://www.rosica.com
Contact Details = Christopher Rosica Rosica Strategic Public Relations 95 Route 17 South, Ste. 109 Paramus, NJ 07652