The Mutual Awards Do-Gooders with Deals and Discounts
Katherinev123 — December 20, 2011 — Business
References: themutual_ & psfk
Most of us have good intentions but the reality is that some people just need a push to do good, and The Mutual gives consumers that push. In exchange for their funds, The Mutual provides do-gooders with special deals and discounts at local shops and eateries.
However, consumers don't just pick a charity and get perks in return. The Mutual actually operates much like a daily discount site, except to access the deals and discounts, you must pay a monthly membership fee of $10. The company then donates 80 percent of the monthly fee to a charity, which includes organizations like Oceana, The Trust for Public Land and Center for Ecoliteracy.
In this way, The Mutual -- which has been referred to as the 'Groupon for Good' -- allows both consumers and businesses to benefit while also contributing to social issues. The Mutual's co-founder Daniel Vallejo describes the model as "profitable activism."
However, consumers don't just pick a charity and get perks in return. The Mutual actually operates much like a daily discount site, except to access the deals and discounts, you must pay a monthly membership fee of $10. The company then donates 80 percent of the monthly fee to a charity, which includes organizations like Oceana, The Trust for Public Land and Center for Ecoliteracy.
In this way, The Mutual -- which has been referred to as the 'Groupon for Good' -- allows both consumers and businesses to benefit while also contributing to social issues. The Mutual's co-founder Daniel Vallejo describes the model as "profitable activism."
Trend Themes
1. Incentivized Charity Sites - Using incentives to motivate consumers to support charities through special deals and discounts.
2. Monthly Membership Donation Model - Implementing a monthly membership fee system where a portion is donated to a charity of choice.
3. Socially Responsible Commerce - Promoting businesses that contribute to social issues through partnerships with incentivized charity sites.
Industry Implications
1. E-commerce - Incentivized charity sites can disrupt the traditional e-commerce model by encouraging consumers to support charities while shopping online.
2. Local Retail - Local shops and eateries can leverage incentivized charity sites to attract socially conscious consumers and increase foot traffic.
3. Nonprofit - Nonprofit organizations can benefit from partnering with incentivized charity sites to receive donations through membership fees, potentially increasing their funding.
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