Brands that aim to create social good
Propelling Social Ventures is a one day event hosted by UBC’s Sauder School of Business that uncovers innovative ways to combine business with positive impact. The 2015 conference put the spotlight on social ventures that are re-imagining business for impact and mature businesses that are redefining models and strategies to integrate positive change on a large scale into their organizations.
The event featured start up social entrepreneurs along with more seasoned experts and business leaders, each of whom have found a niche where their business can make a positive impact in the world. While there was plenty of food for thought packed throughout the day, these were the five key marketing lessons that could apply to any type of business:
HONE YOUR TARGET MARKET
Brands for the Heart, an online branding and graphic design agency that brings together a virtual team, chose to focus only on a small niche of entrepreneurs and changemakers that are bootstrapping to build a business that makes a positive impact in the world. While the founders have experience working with global brands, they have developed a platform to help only new social ventures access talented branding and design professionals at a fraction of the agency rate.
BUILD YOUR TRIBE
Janie Hoffman, founder of Mamma Chia vitality drinks and snacks, started her business by building authentic relationships that had the potential to grow even before she had a product. When she wanted to bring energy-packed chia seeds to the mainstream and when she realized that the supply of chia seeds were only conventionally grown, she met directly with farmers in central America and enrolled them in the opportunity to switch to organic. She then surrounded herself with like-minded people who choose healthy lifestyles and believe in organic agriculture; a tribe who then became her first loyal customers and vocal brand advocates.
DISRUPT INDUSTRY NORMS
The entrepreneurs behind Wize Monkey identified a big gap in the coffee and tea industries. While most coffee plantations only operate a few months of the year to harvest ripe beans, they saw some low hanging fruit that would help keep employees working year-round. Instead of just harvesting the beans, they introduced a revolutionary new tea brand that is actually made by the coffee leaf itself. Not only does the tea have less caffeine, it is tasty, full of antioxidants, and it helps farmers operate more profitable plantations while providing stable job opportunities for pickers.
ELEVATE YOUR IMPACT
Social venture entrepreneurs are not just looking to build followers, generate likes or sell trendy widgets. They are looking for authentic ways for their businesses to become the best for the world, not just the best in the world. These are for-profit businesses that solve some of the world’s most challenging problems, often with a relatively simple solution. Arbutus Medical developed a $400 alternative to $30,000 surgical drills to enable safe and effective treatments of patients in the developing world. Time Auction designed a website portal that allows you to trade volunteer hours to meet inspiring people. Wize Monkey and Mamma Chia are helping farmers in some of the poorest countries to build more profitable and sustainable businesses.
Each of the businesses featured at Propelling Social Ventures shared great stories about their challenges to scale up. Finding the right partners who share your core values is essential for any social venture to grow and thrive. Janie Hoffman of Mamma Chia summed it up by sharing that “money is energy”; cautioning business founders to be conscious of the partners they attract, who will ultimately shape the future of the business.
[bctt tweet=”Finding partners who share your core values is essential for any social venture to grow + thrive.”]
Could your business learn more and gain inspiration from these social ventures? Looking for ideas to implement these lessons learned to grow your business consciously? Contact Seeds Consulting to get started.