Marketing charities with products has become a popular trend today. There are many examples of this model which come to mind, such as Starbucks Ethos water and Project Red, which give part of their sales proceeds to their charity partner.
Cause related marketing is the term used to describe these sorts of campaigns, which have been widely acclaimed for raising awareness of the charity and increasing donations. However, a professor at the University of Michigan has challenged this notion by focusing on cases where cause related marketing may not benefit the charity.
She organized a study on campus with a booth set up to accept donations for the American Cancer Society. The next week she set up another booth selling cans of Red Bull with 50 cents going to the ACS. Surprisingly, the donations-only booth raised five times the amount and accounted for 79% of the donations.
For Social Entrepreneurs Wanting to Get Funding:Download my Business Plan Template for Social Entrepreneurs to help you
Get Funding to start, grow or save your business.
This business plan template is what I used to get funding of over $24,000+ to kickstart my social enterprise.
Click here to Download the Social Entrepreneur's Business Plan Template!