
Environmental sustainability has become increasingly popular among consumers over the last few years- with “green” companies sprouting up all over the nation and already established companies offering green alternatives to their traditional products/services. Consumers have jumped on board, offering to pay higher prices for these green products; and businesses have followed suit by paying more to outfit their operations with more sustainable alternatives. With the current state of the economy, however, it is unclear whether or not consumers will continue to pay more for green products. What is clear though is that businesses are feeling pressure to expand their green efforts.
According to eMarketer only 40% of communications professionals polled believe that consumers will continue to pay more for green products in the current economy. There is little data yet on whether or not consumer spending on green products has actually decreased, leaving speculation over future consumer trends up in the air. It is likely that green alternatives that can prove a direct benefit to the consumer will continue to do very well (ex. products that save on electricity costs, water usage, etc.), while green products that are more of a luxury may decrease in sales. Obviously as an online store owner selling green products you do not want to fall on the latter side of that scenario.
Here are some tips to help you “sell green”:
Even in these tough economic times businesses are being urged to maintain or expand their sustainability efforts by both their employees and their customers. In fact, more than half of those surveyed felt that sustainability was vital to their company’s reputation/brand. Additionally, 58% planned on increasing their emphasis on corporate sustainability in future months. With so many American companies coming to the table late in terms of sustainable practices, there are a lot of improvements to be made. In the next year you can expect to see companies ramping up their green efforts as consumers put pressure on them and they struggle for a way to gain an edge over the competition.
What can you do to increase your “green-ness”?
What has your company done to go green? Leave us a comment to share with our readers!
Read More:
Volusion Goes Green
The Volusion Foundation
-Kate Pierce eCommerce Specialist
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