WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING
- The International School Bangalore, India.
- Faculty of Marketing, Wharton School of Business, University of Pennsylvania.
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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.
[Yash Venkatraman Iyer and Annie V. Wilson (2024); WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING Int. J. of Adv. Res. (Aug). 232-243] (ISSN 2320-5407). www.journalijar.com
The International School Bangalore
India