Posts Tagged ‘Breakfast Cereal’

Cause Marketing

Monday, April 16th, 2012

Cause marketing is not necessarily a new tool in the marketer’s toolbox, but it has taken on a more prominent role in businesses’ marketing plans in recent years.  With the advent of social media and the continuous growth in the functionality and flexibility of websites, cause marketing is being brought the masses–and kept in front of them–more effectively than ever before.  It can be a powerful way to distinguish a business from its competitors.

Cause marketing is when a “for profit” business partners with a “nonprofit” organization for mutual benefit, even though their goals may differ.  You may have heard the expression “to do well by doing good”; that succinct but potent statement was coined by Bruce Burtch, the brains behind one of the first cause marketing campaigns on record, the March of Dimes’ partnership with Marriot in 1976.  In preparation for the opening of its brand new family entertainment center in Santa Clara, California, Marriot–with the March of Dimes–unveiled an advertising and public relations campaign to raise funds for the charity while bringing attention and publicity to Marriot’s new entertainment complex.

To do well by doing good requires a synergy between the cause and the business.  The cause has to be one the business can truly rally behind, and, for the purpose of credibility, it should have some relevance to the business and its regular activities.  For instance, since Cheerios breakfast cereal is advertised as being low in cholesterol and heart-healthy, it makes sense for the makers of Cheerios to team with the American Heart Association to bring awareness to heart disease and good heart-healthy breakfast options.

With today’s technology, websites can be developed specifically to bring a cause marketing partnership to the forefront.  Through the site a connection can be made between the business/charity partnership and the public, and donations can be made online with the click of a button.  By combining the website’s functionality with the business’s online analytics, the cause marketer can gather a clear picture of the campaign’s effectiveness in real time.

Marketing is a vital function of virtually every business, but with cause marketing you can successfully separate your brand or business from the competition.  Contact Strategic Marketing to learn more about how cause marketing can help you do well by doing good.  Call us at (561) 688-8155.

When Good Sports Go Bad

Friday, August 27th, 2010

Professional athletes get paid a lot. According to USA Today, the average salary of a New York Giant was $923,000 in 2009 compared to $475,100 in 2000. Total payroll for that franchise was $51 million in 2000. By 2009 it had almost tripled. Where does all that money come from? As professional sports becomes more about the money and an increasingly expensive form of broadcast entertainment with salaries ridiculously inflated, corporate sponsorships become necessary to infuse cash into the equation. These multi-million dollar endorsement deals have been increasing yearly by a rate of 17% and have become a very popular way for large corporations to market themselves and gain exposure. The sheer numbers are astronomical.
But what happens when the golf legend and role model to millions, endorser of cars, watches, breakfast cereal, gold cards, athletic shoes, sports drinks etc. etc. becomes a social outcast causing his corporate buddies to run for the nineteenth hole? What is the price when an athlete such as Tiger Woods commits a faux pas or a little marital indecency?
Katerina Thanou was a Greek sprinter and poster child for the 2004 Olympic games in Athens. Representing Adidas in their global “Impossible is Nothing Campaign,” there were billboards of the athlete plastered all over Greece. Unfortunately, for the shoe company, she got caught up in a drug scandal the night before her race and the connotations of the campaign took a nasty turn.
Kobe Bryant’s tangle with a 19 year old woman who accused him of sexual assault reportedly cost him between four and six million dollars when Nutella, McDonald’s and Coca-Cola pulled the plug on his Endorsements.
Hertz couldn’t run away fast enough from its spokesperson, the former NFL running back, O.J. Simpson after being accused of murder.
Magic Johnson’s unfortunate health status caused him to lose all of his $12 million endorsement deals when it became known that he contracted HIV while cheating on his wife.
Michael Vick’s dog fighting charges took a bite out of his $50 million dollar endorsement deals with Nike and others.