WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING
Journal: International Journal of Advanced Research (Vol.12, No. 08)Publication Date: 2024-08-14
Authors : Yash Venkatraman Iyer; Annie V. Wilson;
Page : 232-243
Keywords : Consumer Behaviour Individual Narratives the Bandwagon Effect Social Proof Charities;
Abstract
Why does a consumer watching a fundraising campaign choose to donate to the charity? This study explores the science behind donor psychology and evaluates the effectiveness of two prominently used fundraising tactics: individual narratives and the bandwagon effect. The research paper uses a combination of fieldwork and scientific research to examine how these approaches influence behaviour in males and females differently and identify the interplay between empathy, social conformity and donor demographics. The paper addresses the common and optimal approach to utilise a strategic combination of the tactics to maximise impact and explores the potential of data-driven fundraising. This research offers valuable insights for emerging or established charities that seek to better support their activities with donations and cultivate a sustainable future for giving in the world.
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Last modified: 2024-09-07 13:24:44