Cause marketing can be a very powerful tool for both the cause and the company if practiced strategically, according to Will Marré, acclaimed cause marketing and branding speaker and powerful workshop leader. In his passionate speeches, he encourages executives that with the right strategic combination, everyone can benefit from cause marketing.
Cause marketing is indeed on the rise. According to IEG Inc. as reported in onPhilanthropy, cause-marketers spent $1.11 billion on cause-related sponsorships and activation in 2005 and grew to $1.34 billion in 2006. Cause marketing sponsorships now outpace sports sponsorships. The projected increase makes cause marketing the fastest-growing segment of sponsorship, outpacing the industry's overall growth rate of 10.6% to a projected $13.4 billion.
While cause marketing is gaining momentum, it is not without its criticisms. In “Cause-Related Marketing: Why Social Change and Corporate Profits Don’t Mix” (http://www.prwatch.org/
In an excerpt found on YouTube from Marré’s cause marketing and branding speech, “Will Marré, Cause Marketing Speaker, on Nike’s Livestrong Campaign” (http://www.youtube.com/
Marré further discusses Livestrong’s success in “Author Will Marré Says Nike's Livestrong Campaign is Compelling Case of Why Businesses Worldwide Should Adopt Cause Marketing Today” (http://www.prweb.com/
The momentum for the Livestrong cause that was started with Nike’s yellow bracelets continues to grow as Lance Armstrong returned to the 2009 Tour de France. Of his decision, Lance states in his heartfelt blog, “Why I Ride: An Open Letter” (http://livestrongblog.org/
To support Lance and his cause, Nike launched the Livestrong Chalkbot, a robotic device that writes in yellow chalk messages of hope, inspiration and encouragement sent in by fans, cancer survivors, anyone along the road of the Tour de France. Marre states, “Nike has made their brand stronger than ever in a creative and inspiring way and The Lance Armstrong Foundation is getting worldwide attention and support.” He continues, “Together Nike and The Lance Armstrong Foundation have turned what began as a smart cause marketing campaign into a worldwide phenomenon.”
In addition to his passionate speeches, Marré also conducts workshops for corporate business leaders and nonprofits in which he uses several case studies showing how for-profit corporations can move from contributing to non-profit causes to becoming full partners in social and environmental problem solving. He promises that in the process businesses can achieve three key goals including building brand equity, improving employee recruitment and retention, and employee leadership development. “Most corporate philanthropy are simply random acts of giving,” states Marré. “The problem is most corporations don’t invest in full talent behind their causes, and most non-profits don’t know how to structure their programs toward corporate partners.” However, Marré’s cases and his eight steps to building a brand charity provide a clear roadmap to mutual benefit.
Marré’s enthusiasm is contagious, and his message creates mind-blowing strategic outcomes as he inspires companies to think differently about cause marketing and branding. He states, “With the right strategic combination, cause marketing can simultaneously breed fierce customer loyalty, strengthen brand image, and make a positive impact on humanity.”
Photo:
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