Do Economic Boycotts Actually Work?

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Happy Friday, beautiful community! I've been thinking a lot about economic boycotts lately. A boycott is when we decide to stop buying goods from certain companies to make a point. It's fascinating how something as simple as where we spend our money can become such a powerful statement.

You may have recently heard through social media that today, February 28, is an economic blackout. This is in response to the various big box companies (Walmart, Target, Amazon) that have pulled back on their DEI commitments and investments. Millions of consumers have already committed to not using credit cards, not shopping in these stores, and focusing on supporting small businesses today.

You may be wondering: Do these boycotts make a difference? Let's dive into it!

2025 calendar of planned boycotts. Source: ponygold on IG

When Boycotts Have Changed the Game

Some boycotts have, historically, rocked the boat:

Remember learning about the Montgomery Bus Boycott? Black residents simply stopped riding city buses for over a year, putting a significant financial strain on the transit company. The financial pressure was real, and it helped push forward the Supreme Court decision that finally knocked down bus segregation.

And how about when the world told South Africa, "We're not playing with you anymore" during apartheid? Companies pulled out left and right, countries stopped trading, and eventually, the economic squeeze helped topple a horrific system.

Even today, when enough of us decide to ditch a brand because of their policies on DEI, the environment, or how they treat workers, companies notice! When the money stops flowing, it's amazing how quickly corporate values can "evolve." 😉

The Not-So-Great News

Let’s be real: Boycotts aren't magic wands.

Big companies often ignore a temporary sales dip in one market. It's like trying to drain the ocean with a bucket!

And honestly, how many of us have enthusiastically joined a boycott only to forget about it a few weeks later when we're rushing through the store?

Sometimes, when one group boycotts, another group starts buying more from that company to show support. It’s mixed signals galore.

What Makes a Boycott Actually Work?

From what I've seen, successful boycotts usually have:

  1. A clear ask - not just "this company is terrible" but "we want them to change this specific thing."

  2. Lots of media buzz—the more people talking about it, the more a company worries about their reputation

  3. Good organization—random people boycotting is one thing, but what happens when established groups coordinate? That's when meaningful change begins.

  4. Perfect timing—hitting a company when they're already struggling hits different!

  5. A cause that just makes sense to people—when even folks not directly affected think, "yeah, that's not right," your boycott has legs.

These days, successful boycotts are usually part of a bigger strategy—social media campaigns, shareholder activism, maybe even legal action. It's like the difference between throwing a single punch versus a coordinated attack.

The Internet has also changed everything. Today, we can organize boycotts with remarkable speed, yet this same speed often leads us to abandon them before they yield results.

Bottom line? Boycotts can work, especially when we're strategic and committed. They might not always bring immediate change, but they remain one of the most accessible ways for everyday people like us to vote with our wallets for the kind of world we want to live in.

What do you think? Have you ever participated in a boycott that seemed to make a difference?

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A central part of my practice is to empower individuals and communities through strategic and collective efforts. If this sounds like something that could be beneficial to you or your organization, I’d love to chat! Learn more about my coaching and consulting services here.

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