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Belle of the Ranch

Let's talk about why companies still like rainbows....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 18 June 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Let's talk about why companies still like rainbows....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there internet people, it's Bow again.

0:02.8

So today we are going to talk about marketing and rainbows

0:09.7

and why you should probably expect to continue to seal

0:14.3

and that it's not really going to go away

0:16.6

despite a semi-organized push

0:21.0

to make them go away.

0:23.0

I had a question, short version is, hey, with all of the pushback,

0:29.0

why are so many companies going forward with it?

0:32.0

It's math, It's capitalism. It's capitalism. Okay, so let's start

0:38.6

with this. There was a survey conducted. It's called Accelerating Acceptance.

0:44.0

Survey of 2,500 people who were not members of the LGBTQ Plus community.

0:53.3

70% said that companies should show their support

0:58.6

through advertising, sponsorship, and hiring practices.

1:03.4

70%.

1:07.4

That's pretty big.

1:11.3

But aside from that, there's another reason.

1:14.0

The estimation that I saw said 17 million people in the US are LGBTQ plus. That survey was of people who weren't. 70% of them are

1:29.8

supportive. You know the 17 million are supportive and they're worth about a trillion

1:39.7

dollars. That's a lot of money changing hands over the course of a year, right? Companies want their share of it.

1:50.0

It's capitalism. And if you are looking at building your brand, you're looking at building your company,

1:58.0

who are you more interested in showing support for. The 17 million people who have a

2:08.4

trillion dollars worth of economic activity, who have an immutable characteristic, something that isn't going to change.

...

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