WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING

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.

Authors

Publication Details

Journal
International Journal of Advanced Research
Published
2024-08-31
DOI
https://doi.org/10.21474/ijar01/19248
Primary Topic
Corporate Finance and Governance
Type
article
Field-Weighted Citation Impact
0.00
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article

WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING

Yash Venkatraman Iyer, Annie V. Wilson
International Journal of Advanced Research
Corporate Finance and Governance
article

WHEN DO CONSUMERS RESPOND TO INDIVIDUAL NARRATIVES VERSUS THE BANDWAGON EFFECT WHEN DONATING

Yash Venkatraman Iyer, Annie V. Wilson
article en

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.

International Journal of Advanced ResearchVol. 12(08)
Openalex Percentile: Top 76%
Corporate Finance and Governance
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