Under the Influence with Terry O'Reilly
Under the Influence with Terry O'Reilly
Apostrophe Podcast Network
S3E03 - Cause Marketing
27 minutes Posted Jan 19, 2014 at 1:07 am.
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Show notes

Unlike public service announcements or corporate philanthropy, Cause Marketing is when a Not-For-Profit organization teams up with a For-Profit company to further a good cause – but the For-Profit partner makes a profit while helping.

 

It’s a contentious strategy – as most people don’t like to hear the word “profit” in the same breath as “charity.” But this new marketing strategy depends on profit to survive. 

 

We’ll tell the story of how Cause Marketing began in the 1980s, how Bono’s RED organization learned a hard lesson about cause marketing, and how several big corporations teamed up with worthy causes to make the world a better place.

 

While making their balance sheets better at the same time.

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