It’s been interesting to watch retailers (and the media) wake
up to the nation’s purchasing habits – and “name” them, “institutionalize”
them, and further promote these habits. I’m
speaking, of course of “Black Friday” and “Cyber Monday.” It wasn’t long ago that the day or weekend
after Thanksgiving marked the beginning of the holiday buying season... yet the
“official” nature of these spending days has now been set in stone, so to
speak, through the phrases and the sales.
What’s more intriguing today is to see how others are trying
to bend the rules a bit – not picking up on consumer habits and “naming” them
but rather using the technique to try to create behavior itself. To “influence” how consumers spend their
money… and the best example so far has been “Giving
Tuesday” – the day after Cyber Monday.
Nonprofits now are doing their best to continue the tradition of
“year-end giving” by naming a day – and hopefully creating the behavior.
It’s not that far-fetched an idea, in this case. As a general rule, people do tend to give
more to nonprofits during the holidays – perhaps because of the concept of
“giving” to those in need during the holiday season, perhaps because of the
year-end tax deductions. Who knows? However, nonprofits have had a longstanding
tradition of pushing donations in the 4th Quarter and some generate
the majority of their revenue stream at this time.
So how to influence giving?
GivingTuesday.org is the brainchild
of the 92nd Street
Y – and they’ve created the website as well as the
Twitter hashtag #GivingTuesday. And
the idea seems to have taken off… thanks (perhaps?) to the 92nd Street Y’s partnership
with organizations such as Microsoft, the United Way, JPMorgan Chase, and the
Huffington Post, among others.
According to Crains
New York, approximately 1,500 organizations across the U.S. are
promoting the idea. And the media have picked it up, with stories from Atlanta
to Oregon
(picked up from the AP Newswire) to NPR.
It’s nice to see that a new effort from nonprofits to
generate donations has gained some traction among a number of factions – from
donors to the media. Now let’s see if
this “influence” idea works – and if consumers will “follow the name.”