In a recession, successful branding may seem to be a challenge for nonprofits, but there are also opportunities to improve brand awareness.
Brand defines an emotional connection between the entity providing a good or service and the people it wants to reach. Corporations measure the impact of their brand by market share and profits. For nonprofits, the product is change. Successful nonprofit branding communicates the change the organization makes in the world quickly and easily to a multi-layered audience: people in need, donors, volunteers, staff, public policymakers, and the general public.
In difficult financial times, some for-profits will be able to increase market share because advertising costs go down and/or their competitors go out of business. Nonprofits can also take advantage of the new fiscal playing field to jockey for better position. One tool they can use is social networking sites. These allow nonprofits to magnify their brand power and increase reach for minimal overhead and out-of-pocket costs. For example, an increasing number of nonprofits are creating Facebook group and fan page sites to increase “market share.” Readers/viewers are not just potential donors, but also current and future volunteers–the lifeblood of nonprofit work. Organizations can use traditional online tools (web, email) to drive existing supporters to these pages. At the same time, they can encourage their “fans” or “members” on the social networking site to spread the word about the mission they care about. 501(c)3’s can also register as a “cause” in order to raise funds. And they can take content originally created for web, print and video and re-purpose it to find new audiences on these sites. You-Tube offers another opportunity for building brand awareness. Video through this web portal can be a powerful tool to tell how a nonprofit is changing lives.
So while the economic times are creating fundraising challenges, nonprofits can and must take advantage of social networks to spread their unique brand of change.