flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Approaching a Sustainable Marketing Strategy to Boost Sales

Editor's Note: Take a look at our featured best practice, Marketing Plan Development Framework (63-slide PowerPoint presentation). A marketing plan is a comprehensive blueprint, outlining an organization's overall marketing efforts. This PowerPoint presentation is a guide to developing a comprehensive marketing plan. Marketing Management topics include: * Marketing Management Process * Market Segmentation * Market [read more]

Also, if you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

* * * *

Recent research showed that customers, specifically Gen Z customers, demand more sustainable products and shopping formats than ever. Considering that shortly, this generation will represent a significant amount of the world’s income, companies need to adapt and change their approach quickly. People’s reasoning? They wish to reduce the probability of waste production and carbon footprint and are actively concerned with animal welfare.

Unfortunately, many businesses got to greenwashing for profit, meaning they’ve never reached the environmental purpose advertised to their clients. Some popular organisations were called out for this troubling occurrence, such as Volkswagen, whose cheating emission tests were revealed in 2015 and Nestlé, the world’s top biggest plastic polluters, falsely claimed it would change all its product packaging by 2025 to be 100% recyclable or reusable.

Of course, the primary aim for a company is to boost sales, develop operational tasks and improve brand image. However, tactics like greenwashing will always be discovered thanks to Gen Z detectives who are always watching illicit behaviour from corporations.

If you want to do things right, your company must genuinely approach sustainability. Here’s how a proper marketing strategy can help you.

What Concepts to Base Your Strategy On

Depending on your company culture, you can have a double approach to sustainability. For example, green marketing promotes environmental awareness and mitigates climate change. On the other hand, sustainable marketing can cover various subjects and practices.

One of the most critical aspects of such strategy is transparency because it shows that your business is trustable and you’re not one of the organisations that do greenwashing. Transparency needs to be deepened within the company’s culture, so you should consider providing access to information and involving people in decision-making.

Social activism, social responsibility and social equity are also essential to building brand image. If you undertake a certain type of niche activity, it’s easier for your customers to differentiate you from the competition. Indeed, this is not enough. You must also start recycling and reducing waste in your company. So, choosing special services from specialized businesses like Miltek to recycle plastic or cardboard in vertical balers suits organizations that use considerable raw materials.

Considering the evolving landscape of business-consumer relationships, it’s important to note that 90% of Instagram users follow a business account. This statistic highlights Instagram’s potential to serve as a powerful platform for sharing your sustainability journey, connecting with environmentally conscious customers, and effectively communicating your dedication to ethical business practices. Through a combination of purpose-driven actions and strategic social media engagement, you have the opportunity to not only differentiate your brand but also foster a meaningful connection with your target audience who increasingly prioritize companies that champion causes they believe in.

What Are the Principles of Sustainable Marketing

Sustainable marketing follows the principles of regular marketing strategies but leverages special aspects you must be aware of. Promoting socially responsible products, services, and practices includes the following elements:

Focus on the Customers 

If you’re repurposing your brand and want to make your company sustainably looking, it’s best to focus on the customers, their needs and passions, and get insight into their perspective. Try to understand why sustainability matters to your customers and what drives them towards purchasing these products. Building a customer-focused marketing strategy involves creating a buyer persona and getting them through all the purchasing stages to help you further outline your plan and devise a customer-centric campaign.

Define Your Marketing Strategy through a Mission 

If you want to do things right, your company must genuinely approach sustainability. Here’s how a proper marketing strategy can help you. Effective sustainable marketing is not just about the message you send but also about how you send it. Leveraging digital platforms to get your message across is key in this tech-savvy age. A credible SEO company like Digital Spotlight can ensure that your sustainable practices are not only noticed but widely recognized, helping you stand out in a crowded digital landscape.

Prioritize Product and Service Improvement

Regarding sustainability, you must shift your focus from advertising and sales to creating valuable customer products and services. Of course, this doesn’t mean sales and other departments should be ignored, but making a profit and promoting your company’s values is more accessible when you offer high quality and value. Besides being environmentally focused, your company must build long-term customer engagement and loyalty as part of sustainable marketing.

Concentrate on Innovation 

Having a business in the 21st century is challenging because technologies change, devices are immediately replaced with something better, and customers are always setting the trends. Therefore, your company should focus on innovation and developing products continuously so people will never lose sight of your activity. Of course, having a solid target audience would help, but you must seek the benefits of innovation.

What Are the Benefits of Sustainable Marketing?

Sustainable marketing doesn’t only set you among the few companies with the same approach but has plenty of other benefits, such as the following:

  • It helps increase brand awareness through customers supporting the business. Targeting communities who value sustainability most will boost your brand’s popularity by recommending it by word-of-mouth;
  • It makes it easier for customers to decide where to buy their products. Customers who value sustainability base their purchasing decision on the level of their awareness of protecting the environment;
  • It encourages local communities to adopt similar approaches as sustainable marketing requires companies to become responsible and accountable for their actions and products, meaning that a community’s economy can benefit from this strategy;
  • It opens organizations to new opportunities by reaching a larger audience with certain values. Considering the growing number of people concerned about sustainability, expanding your company’s base will be reflected positively in your revenues and market share;

Why Educating Your Customers Is Essential

Although your company aims to sell products and services, sometimes educating customers on a certain matter is the best way to make them more interested in your offer. That’s because many people still don’t know why sustainable products are better than plastic or why the toxicity of this material affects their health, which is why they are reticent in purchasing them. By making an effort to discuss these matters in a way, anyone can understand and provide logical and unbiased opinions on why sustainability matters will educate them. However, it’s best not to exaggerate with this strategy and make them feel guilty about not using sustainable products.

Final Thoughts

Boosting sales with a sustainable marketing strategy is the way to improve your company’s path considering the pressing climate change problem. Based on these practices discussed, your business will thrive and provide valuable services simultaneously.

71-page Word document
This 71-page template is a comprehensive template for a Strategic Marketing and Sales Plan. It is based on the Systems Thinking Approach, and guides the development of the strategic marketing and sales plan in the context of the bigger picture corporate strategies. Using this template will allow [read more]

Want to Achieve Excellence in Strategy Development?

Gain the knowledge and develop the expertise to become an expert in Strategy Development. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

"Strategy without Tactics is the slowest route to victory. Tactics without Strategy is the noise before defeat." - Sun Tzu

For effective Strategy Development and Strategic Planning, we must master both Strategy and Tactics. Our frameworks cover all phases of Strategy, from Strategy Design and Formulation to Strategy Deployment and Execution; as well as all levels of Strategy, from Corporate Strategy to Business Strategy to "Tactical" Strategy. Many of these methodologies are authored by global strategy consulting firms and have been successfully implemented at their Fortune 100 client organizations.

These frameworks include Porter's Five Forces, BCG Growth-Share Matrix, Greiner's Growth Model, Capabilities-driven Strategy (CDS), Business Model Innovation (BMI), Value Chain Analysis (VCA), Endgame Niche Strategies, Value Patterns, Integrated Strategy Model for Value Creation, Scenario Planning, to name a few.

Learn about our Strategy Development Best Practice Frameworks here.

Readers of This Article Are Interested in These Resources


722-slide PowerPoint presentation
Curated by McKinsey-trained Executives Introducing the Ultimate Marketing and Sales Standard Operating Procedures (SOP) Toolkit--Your Comprehensive Guide to Streamlining Success. Unlock unparalleled efficiency and success in your marketing and sales operations with our [read more]


 
Excel workbook
 
 
160-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.


Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.