7 reasons why Community Investments are awesome for your company
Getting your company involved in the community has many benefits, read this article to find out 7 reasons why it’s good to invest in your community. This will help improve your company’s growth as well as helping to boost your company’s brand image.
BRINGING YOUR COMPANY’S AWARENESS TO THE LOCALS
Having a positive reputation within the community is good for your brand. This in itself promotes it and will lead the people in the community to research your products and services. This is similar to advertising it with PR where the money will be spent on the campaign. Here, the money will go towards the community as a long-term awareness investment that is permanent within the community.
Community organisations often thank the donors in many media outlets, consider this a lower cost long term advertising.
STRENGTHEN YOUR BRAND RELATIONSHIP WITH THE COMMUNITY
When your company is in a certain community, its relationship towards it is very important for your company’s branding. Investing in the community will be a good chance to show that your brand is there and this is what your brand does.
The value of the brand does not just lie within the product or service that the brand offers but it lies within how much the brand values the community that it is in. The community will be the brand’s customer, therefore, caring for your customers outside of the service and product you can offer them will only bring more awareness to your brand within the community.
Employees often work harder when the company that they are working for is doing something good for their community. This will, at the very least, make the employee proud of the company that they are working for – word of mouth is always the best form of advertising.
Companies that invest in their community take the time to learn about their community. Whilst doing that, it also gives the firm an opportunity to learn more about what their customers’ needs are and what it can do to be able to deliver to the community.
BUILDING A CULTURE OF CIVIC ENTREPRENEURSHIP
Companies can go beyond providing goods and services to the marketplace to make a positive impact towards the community. Good corporate social responsibility may lead to a well-educated, stable, satisfied workforce, a healthy environment, and a thriving community in which to live and do business in. This cause can also help enhance the company’s public image which will lead to having more customers.
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