Consumers Will Pay Up to Support Socially Conscious Marketers

E-mail Print
There are no translations available.

 Consumers around the world are primed to put their money where their mouths are to support socially responsible causes, according to new research conducted by the public-relations firm Edelman. The survey of 5,600 people in nine countries found that not only are worldwide citizens increasingly interested in issues such as protecting the environment, reducing poverty and providing educational opportunities, but they're willing to pay a premium...

 to companies that share their concerns. In particular, seven out of 10 consumers reported they would pay more to a business that supports worthwhile causes, with 55% saying they would even help promote such a brand.

The findings provide ample opportunities for marketers around the world, said one of the architects of the survey.

'Mutual Social Responsibility'
"The results of our study tell us that social purpose as a marketing imperative has global consumer appeal and can help brands build deeper relationships," Mitch Markson, the president of Edelman's Global Consumer Brands practice, said in a statement. He believes the findings suggest a new trend in on the horizon. "We see a new phenomenon emerging called 'Mutual Social Responsibility,' where consumers and the brands they interact with every day take a mutual interest in and a mutual responsibility for being good citizens."

Companies currently involved with cause marketing, however, may need to do a better job communicating their actions to the public. Despite the influx of "green"-themed advertising of late, only 39% of consumers said they were aware of any brands that actively support good causes. And while two-thirds of respondents feel that too much money is spent on advertising and marketing, a healthy majority (57%) don't have a problem with brands that support good causes and make money at the same time.

When choosing between two brands of similar price and quality, consumers said a brand's social purpose was more important to the purchasing decision than design or brand loyalty.

Among the good causes, protecting the environment continues to be the top concern in the polled countries, which included the U.S., China, Japan, Brazil, Canada, U.K., Germany, Italy and India. But reducing poverty, providing equal opportunity to education and enabling everyone to live a healthy life garnered nearly as much support. Significant differences between the countries exist, though. For example, 63% of respondents in Brazil say they are more involved in good causes than they were two years ago, a total far greater than those in Japan (23%), Germany (28%) or China (32%).

 

(Source: Advertising age)

 

Masso Quarterly

masso ten year
Năm 2010 đánh dấu chặng đường 10 năm góp phần xây dựng ngành marketing thương hiệu Việt Nam của Masso Group...
read more

Login Form

Statics

Members : 3441
Content : 7100
Content View Hits : 22985617
We have 376 guests online

Group Logo

emerald

sri-vietnam

IR viet nam

massogroup

Mo vietnam



Masso Group is selected by McGraw-Hill as case study for a new book publishing

Masso Group was recently selected as Case Study "Decision Insight" of the new book Fundamental Accounting Principles, Chapter 25, by McGraw-Hill publisher. The book was launched in Jan 2012 globally. Masso Group is proud of this contribution to International Academic, for a case in Vietnam.

Read more


Ý kiến khách hàng

Holcim Vietnam, July 2011
Dear Masso team,
We had a very happy ending last Sunday, 3 wonderful Cung Xay To Am events were passed by. On behalf of Holcim Viet Nam, we would like to send our great thanks to Masso team. We can see you take care of our project as your own and you did all the best for our

Read more


Tranh luận

Khát vọng & Giới hạn - Đã đến lúc tư duy lại doanh nghiệp !

"Tác giả hy vọng bài viết này sẽ giúp lãnh đạo doanh nghiệp một số gợi ý tư duy lại sứ mệnh của doanh nghiệp từ một góc nhìn...". Trời Sài Gòn đã bắt đầu se lạnh đủ để cảm nhận không khí chuyển mùa, đón chào một năm mới.

Read more


Bình luận mới nhất

Góc thư giản

Chợ chiều Xuân...

"Chàng thi sĩ chiêm ngưỡng những trái vú sữa căng mọng sự sống. Chàng nghe văng vẳng trái vú sữa hỏi trời xanh: "Ai sinh ra dòng nhựa sống căng mọng?"...Chợ chiều bán vú sữa mùa xuân. Bán mua căng mọng. Bán mua tròn đầy. Người đàn

Read more



You are here: Home