Create Goodwill And A Positive Image By Helping Others

Photo Credit: © Moving Pictures 2006

In difficult economic conditions, every client and every dollar counts even more than usual. People are seeing their homes going into foreclosure, companies are laying off employees, municipalities are going bankrupt all across the country. After school and community youth programs are disappearing due to lack of funding and support. Public services such as police and fire departments are even on the brink of being consolidated in many areas in order to save money. While many would say that this is a bad time to market and promote yourself or business, it is, in reality, a perfect time to do that, and help in your community as well.

 

There are a great many people who are of the opinion that doing something for nothing is poor business practice, and that if you give away your service that it means that you don’t value it (therefore potential clients won’t value it either). These beliefs cannot be further from the truth. In reality taking on a small project for the sake of helping another, or lending your time and expertise for a local charity says much more. Doing so shows that you are a member of the community, and that you (and your business) care about that community and are willing to forgo profits to not only help others, but to aid in improving the community as well. Something as small as a medical practice sending doctors to volunteer at a free clinic, any business helping to rebuild homes damaged by natural disasters, or an accountant or lawyer helping a community center or little league set up the bylaws or find funding are just a few examples of such acts.

 

Donating time and expertise may not immediately affect the company’s bottom line, but what it will do is show people that not all companies put profits before those in the area that the business exists in. Doing so will help build trust and goodwill with neighbors who are always potential clients. Perhaps free positive publicity or PR will follow, which is always a benefit to any business. Even without such broad-reaching attention, word of mouth may carry the company name far enough and to enough people to spread the word of an involved business that takes the time to give back. At the very least, it creates a great opportunity to network with other community members.

 

Down the road, when conditions improve and people are in a better position to become clients, they will already have a positive view of the company. A positive general image combined with giving back to the community are two sure-fire ways to attract and retain clients. This can all be accomplished at any time regardless of economic climate or without reason other than simply because people are in need and it would be the right thing to do.

 

Do you think it’s counter-productive to do pro bono work or give products away? If you ran a business, would you give products or services for free in an effort to not only build goodwill but also to help the less fortunate?

About Eric J. Nisall

Former NY'er, accountant & business consultant, founder of GreenBridge Advisors. Blogging about personal financial, small business topics, and other fun topics at DollarVersity. Fan of the NHL and everything hockey! Follow me on Twitter, Facebook, and on Google+

  • http://www.carefulcents.com/ Carrie Smith

    I couldn’t have said it better myself. I even touched on this subject a little bit on a post I wrote (How Giving Has Positive Effects on Finances). I think it’s really beneficial to give, donate and volunteer as a brand or business. It may not have tangible effects like you said, but it’s an invaluable investment over time.

    As a consumer I’m much more inclined to support a business that doesn’t always think about the “bottom line”. So if I think that way I feel other consumers do too. Great post!

    • http://www.dollarversity.com Eric J. Nisall

      Too many businesses are about the bottom line, when there is so much that they can do in their communities that would have a much bigger reach than anything they would do as a business. I feel the same way, and would much rather give my business to a company that gives back as opposed to one that you never see making any sort of effort to reach out to the communities that make them what they are.

  • http://beantownhappyhomeowner.blogspot.com/ The Happy Homeowner

    I love the content of this post as well as the wonderful timing.  As we head into this year’s holiday season, it’s more important than ever to give back however possible, the caveat being that this type of thing should be done throughout the year, not just during the holidays.

    I would definitely provide pro bono services or give products away if I owned my own business.  I’m actually in the process of deciding whether or not to launch my own business, and charity and making a positive impact in my community is already on my radar.

    • http://www.dollarversity.com Eric J. Nisall

      The thing is that it doesn’t hurt the business very much in most instances. And the attention & press that could result would more than make up for any lost income.

  • http://twitter.com/prairieecothrif Miss T

    I always try to find ways to give back because I can. There are so many people in our world in need that giving back is a way I can do my part to improve this world. I volunteer a lot and also try to donate to causes I feel are just. Great post. 

    • http://www.dollarversity.com Eric J. Nisall

      I prefer to donate my time rather than give money. I’ve just seen way too many charitable organizations do things with money other than what would benefit their intended recipients of the aid. At least when I volunteer, I am in control of how my efforts are used.

  • http://www.dollarversity.com Eric J. Nisall

    It would certainly seem to be the case in a good number of instances. It’s also a matter of recognizing that by giving up a little time and performing a service (or giving away some product) for free, the benefits for those who are less fortunate can be greater, needed more and more appreciated than for the average person. Plus, donating goods and services is a great way to give back to the community in which the business runs.

  • http://www.dollarversity.com Eric J. Nisall

    Ain’t that the truth! I hate that I don’t trust many of these organizations, but they set themselves up for it with their misappropriations and misspending.

  • http://www.dollarversity.com Eric J. Nisall

    The emotional and mental effects of helping others often get forgotten in most discussions (even mine I think), so thanks for bringing it up SB.