With the Dow closing down 400 points today, its good to know that some things are still working. The 2008 Cone Cause Evolution Study, just released by Cone and Duke University http://www.bizjournals.com/bizwomen/index.php/2008/10/17/cause-related-marketing-still-works-study-shows/#more-462 showed that, once again, consumers feel that if everything is equal, they would switch from one brand to another if the other brand is associated with a good cause. The study also shows consumers spent nearly twice as much time looking at cause-related ads compared to generic ads and that the cause, the nonprofit organization associated with it, and the product itself are all important factors in the purchase decision.
So for those working to maintain their company’s cause-related marketing programs, the study shows that the causes Americans care most about include:
Economic development (job creation, income generation) 80%
Health and disease 79%
Access to clean water 79%
Disaster relief 77%
GroundFloor Media clients including Qdoba Mexican Grill, Morton’s The Steakhouse, and Bellco Credit Union, are shining examples of how, when times get tough, they still embrace programs that support causes that matter to their employees, customers and key stakeholders. Now that is something to smile about as the closing bell rings.