In a new global research report, Nielsen has identified a segment of the population they call the Global Socially Conscious Consumer.
- Two thirds (66%) of consumers around the world say they prefer to buy products and services from companies that have implemented programs to give back to society.
- They prefer to work for these companies (62%), and invest in these companies (59%).
- Still nearly half (46%) say they are willing to pay extra for products and services from these companies.
In the study, respondents were asked if they prefer to buy products and services from companies that implement programs that give back to society. Anticipating a positive response bias, respondents were also asked whether they would be willing to pay extra for those services. For the purposes of this study, Nielsen defines the “socially conscious consumer” as those who say they would be willing to pay the extra.
According to Nielsen, “Cause marketing won’t work with all customer segments—some simply don’t care—but the research suggests that there is a segment of socially conscious consumers that cause marketers should pay attention to.”
New findings from a Nielsen survey of more than 28,000 online respondents from 56 countries around the world provide fresh insights to help businesses better understand the right audience for cause marketers, which programs resonate most strongly with this audience, and what marketing methods may be most effective in reaching these consumers.
Thanks to a tweet from our friend John Gerzema for pointing us to this research which he believes is in line with the findings in his book Spend Shift.