International Cause Marketing Benefits From Weak U.S. Dollar

A lot of American businesses which export or otherwise rely on selling to buyers outside the U.S. have been happy of late. The weak dollar (I will dispense on the reasoning behind it or this may turn into a economic policy blog!) has resulted in our prices looking mighty attractive to global brethren.

No where have I seen this trend more apparent than via our cause marketing campaigns on eBay Giving Works. Friday night, we just had the end of a very exciting cause marketing campaign with Vanity Fair for a special Madonna package of a signed globe used in her May 2008 cover shoot for the magazine, 2 tickets to a private venue show in NYC, Virgin America airfare, luxury hotel, and dinner. When the dust settled, the winning bid was $24,200, with 22 different bidders producing 82 bids.

100% of the funds went to Madonna's requested charity, Raising Malawi, a special organization that is directly improving the lives of children in impoverished conditions. As great as the auction package and cause, we thought the cost of shipping the globe would severely limit the bidding to a US only audience, as free shipping of the 200 pound boxed globe was only included in this country. We estimated international shipping in the $3000+ range.

Bidding had been creeping up all week, with strong interest worldwide. Still, with 3 hours before the auction close on Friday, bidding was at $16,000. Not a bad sum at all, but we all hoped for some competition at the end.

What happened I believe was this auction looking financially attractive to our international bidders. A bidder from Monaco started duking it out with a bidder from Kuwait. These were heavily prequalified/screened bidders too. They were huge Madonna fans and loved the ideal of Vanity Fair listing this package to benefit a cause near and dear to her heart. Did the weak dollar play a role in this as well as other recent auctions which Auction Cause has managed on eBay? "You betcha" as Margie might say as she investigates from Fargo.

So, I was quite surprised when some new money showed up in the last minute to steal the thunder. A successful California businessman pounced and strutted off victorious, much to the chagrin of his competition. Though we cannot yet identify him publicly yet, he was thrilled to have come out on top, and considered himself fortunate to have weathered the bid raising from our international bidders.

What made this so successful as a cause marketing campaign? All the traditional elements that create cause marketing sizzle:

• Cause that pulls at the heart strings
• Blue chip brand
• A list celebrity
• "Money can't buy" experience package
• Top level PR)

Yet, all these crucial elements did not override the economic reality - "U.S. products are cheap at the moment and create some "fun money" opportunities for our friends around the world.

Other similar auction results from our campaigns:

• Kristin Davis Sex In The City Premiere - Japanese winner
• Dinner with Shakira - Canadian winner
• Dinner with Gene Simmons - British Winner

This trend should continue throughout 2008, with savvy U.S. based companies and charities marketing & tailoring their eBay offerings to the global fan base like never before.