We know that there have been incidents of stolen data around the world. These are involuntary hacks of our personal information. So, how do we feel about voluntarily sharing our information with companies? Many of us are rather reluctant to share more personal data due to concerns about identity theft, access to private information, and more.
As reported by eMarketer:
“A Pew Research Center report published in January 2017 found that only 14% of US consumers felt ‘very confident’ about entrusting companies/retailers with their data. Almost the exact same number said they were not at all confident.”
Each year, Gallup conducts a survey on “Honesty/Ethics in Professions.” Here are the most recent results. As we can see, professionals in the health care professions are considered the most honest and ethical by Americans. On the other hand, car and insurance salespeople, advertising practitioners, and stockbrokers are rated quite low on these attributes.
So what can these marketing professionals do to improve their standing among the public?
Consider these observations from Drew Hendricks, writing for Inc.:
“Sales itself is a fact of life; there’s something to sell to someone who wants to buy it; and salespeople are going to exist. Sales organizations need to ‘make a stand for ethical selling. Make sure it’s in your culture and communicate the importance and responsibility your salespeople and sales leadership have to represent the career of professional selling.’ Why do companies get an unhealthy sales culture? They’re pushing quota over quality, over long-term annual recurring revenue, and threatening those that aren’t ‘performing’ without understanding performance over time is powerful.”
“The most powerful conclusion one can take from the idea of ethical sales is to stand by key points: (1) Make thoughtful, careful research of a customer before even approaching them. (2) As Thorniley suggests, use ‘connected products, supported by predictive customer service [to anticipate] customer needs.’ (3) Think of the sales pipeline not as a one-stop process ending in a sale, but one that continually boosts customer happiness. (4) Don’t focus on closing; focus on making a sale that leaves the customer exhilarated and excited to have paid you.”
Click the image to read more from Hendricks.
CREDIT: Getty Images
As we have noted before (see, for example, 1, 2), marketers are sometimes ethically challenged in their quest to generate more revenues and profits.
Here is an interesting video of 10 ethically questionable marketing practices. NOTE: Some of these tactics are sexually suggestive.