Giving Compass’ Take:
• Timothy Sykes discusses his charitable efforts and how he encourages others to use their public platforms to support philanthropy.
• How does one translate public exposure on an issue, through a social media post for example, into physical or monetary support?
You can spend all day every day building a business, but what should you do when it becomes successful? Millionaire entrepreneur Timothy Sykes advocates for giving back to good causes.
Sykes divides his work day between trading penny stocks, teaching his students and working for his charity. He advocates for entrepreneurs sharing stories about and supporting causes they feel passionate about. That translates to monetary donations or helping out at an event and sharing all of this on social media.
“If you can donate $50 to your local organization and do a post about the local organization, they’ll get some exposure,” he says. “Your followers and maybe your customers can also help. Start small, start testing stuff out.”
Building a stock trading business through content and social media marketing taught Sykes how to promote good causes in a way that traditional charities miss. According to Sykes, whatever your business or cause, honest story-telling will capture more people’s attention.
As an example, Sykes and his team recently created a video about the rhino, which amassed 30 million views and was shared six million times.
Read the full article about Timothy Sykes on how philanthropy changes businesses by Bryan Collins at Forbes.
Philanthropy is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.
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