Supporting charities and giving back not only helps people in need but can also help your business a great deal. Different companies acquire different methods of doing social good. If your business doesn’t have enough time and budget to implement a giving back campaign, you can donate money to non-profit organizations UK, or (Non-governmental organizations) NGO UK especially the ones supporting a cause that matters to you, your community, and your employees. There are numerous charity benefits that your business can take leverage of. Here are some of the most compelling facts that will allow you to understand why supporting charities is great for your business.
Facts About Charity Donations
According to a recent study, about 70 percent of millennials report that they can spend more on the products and services of those companies that donate to charity. Moreover, the spending power of millennials is well over 2.45 trillion US dollars and if your business gives back, it can drive more sales.
We recommend you implement a donation program with a dedicated marketing team into your business model. It will allow you to attract more customers, increase sales and build up a community. You can even get tax relief on charitable donations as well. The Cone Cause Evolution Study shows the following facts.
- About 80 percent of the US citizens are ready to switch to another brand that offers the same price and quality but also supports a charity.
- 83 percent of US citizens say that they want to use services and products from those companies that donate to charity.
- 85 percent of the customers create a positive image of the companies that support a cause without even using their products or services.
How Your Business Can Take Leverage of Charity Benefits?
According to Corporate Eye, more than 94 percent of the customers think that companies should be involved in more things instead of only focusing on making money. Here are some of the most compelling and significant ways your business can get charity benefits by giving back money to support causes.
1. Giving Back Increases the Morale of Your Employees
Giving donations to charity and NGO UK, allow your business to take an interest actively in your community. As your employees are a part of the same community, it can impressively boost their morale. The workplace culture of your business improves with a positive general attitude and enhanced employee involvement.
Happy colleagues holding sign boards with give message in warehouse
Close-up view of donated banknotes in a glass jar.
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