Nearly two-thirds (64 percent) of consumers around the world will buy or boycott a brand solely because of its position on a social or political issue, according to the 2018 Edelman Earned Brand study, a staggering increase of 13 points from last year. Belief-driven buyers are now the majority across markets, including the U.S. (59 percent, up 12 points), Japan (60 percent, up 21), the UK (57 percent, up 20) and Germany (54 percent, up 17); age groups, 18-34 (69 percent), 35-54 (67 percent) and 55+ (56 percent); and income levels, low (62 percent), middle (62 percent) and high (69 percent).
The survey of 8,000 people across eight markets finds that consumers believe that brands are a more powerful force for societal change than government. More than half of people (53 percent) believe that brands can do more to solve social ills than the government, and 54 percent believe it is easier for people to get brands to address social problems than to get government to act.
“This is the birth of Brand Democracy; as consumers are electing brands as their change agents,” said Richard Edelman, president and CEO of Edelman. “Brands are now being pushed to go beyond their classic business interests to become advocates. It is a new relationship between company and consumer, where purchase is premised on the brand’s willingness to live its values, act with purpose, and if necessary, make the leap into activism.”
This year’s study also found that consumers are just as likely to express purchase intent after seeing a values-led communication (43 percent) as they are after seeing a product-focused message (44 percent). Values-based messaging (32 percent) was also more effective than product-focused communications (26 percent) in driving advocacy.
“This dynamic transforms marketing from function to aspiration,” said Edelman. “Brands can take a stand across a spectrum of action from purpose to activism.”
Regardless of the level at which a brand enters the fray, opting out is no longer an option.
“It’s no longer a question of whether to, but how to take a stand,” said Amanda Glasgow, U.S. chair, Brand, of Edelman. “A brand must understand its audience and think long-term so that the stand it chooses authentically connects its values to its customers.”
Other key findings from the 2018 Edelman Earned Brand study include:
Edelman is a leading global communications marketing firm that partners with many of the world’s largest and emerging businesses and organizations, helping them evolve, promote and protect their brands and reputations. Among its many honors, the firm was awarded the Cannes Lions Grand Prix for PR, named one of 2018 “Agencies to Watch” by Advertising Age and “Global Agency of the Year” by both the Holmes Report and PRWeek, and cited five times by Glassdoor as one of the “Best Places to Work.” Edelman owns specialty firms Edelman Intelligence (research) and United Entertainment Group (entertainment, sports, lifestyle).