Get All Access for $5/mo

Creating A Product Craze Follow these three rules to start your own commercial craze.

You have a product or service you love, and you want everybodyelse to love it. Well, you'd do well to read Robert B.Cialdini's book, Influence: The Psychology of Persuasion(Quill Trade Paperbacks). Cialdini is a professor of psychology atArizona State University in Tempe, and he's done a considerableamount of research on how commercial crazes start. Here are thethree main reasons he's come up with:

  • Expensive equals good. "There's a classic storyabout Chivas Regal, the Scotch, which when it began was really amoderately priced Scotch that didn't differentiate itself fromits competitors," says Cialdini. "They decided to raisethe price substantially above any of their competitors, withoutchanging the product a bit. Sales took off. If people don'tknow much about the product, then they just revert to thestereotype: Expensive equals good. This must be worth themoney."
  • The scarcity effect. If people like your business, lessmay be more. Cabbage Patch, Beanie Babies and Furbys are crazes inpoint, says Cialdini, as was the hype surrounding "The PhantomMenace" release, the newest Star Wars movie. "They madeit a scarce resource because people want more of what they can getless of," says Cialdini.
  • There's safety in numbers. If you can give theimpression your product is popular, it will become more popular,Cialdini contends. He elaborates: "In one study, they had agroup of five people stare at an empty spot in the sky and see whatwould happen. Almost everybody who walked by cast a glance at thatempty spot, and many joined them to stare up at the empty spot.When they had one person stare at that spot, they didn't getnear as many followers. So there's safety in choosing what alot of people have chosen: You're probably going to beright."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Marketing

Your Most Powerful Marketing Weapon Is Hiding in the Finance Department — Here's Why

Transform your marketing leadership by turning finance from a barrier into a strategic ally. Learn how aligning with your finance team can drive unprecedented growth and innovation.

Starting a Business

They Bought an Ice Cream Truck Off eBay for $5,000. Now Their Company Has 70 Shops and Sells Treats in Over 12,000 Stores.

For the episode of "The Founder CEO," the co-founder and CEO of Van Leeuwen Ice Cream explains how one ice cream truck grew into a successful nationwide brand.

Growing a Business

How Connecting With the Right Audience Drives Long-Term Business Success

Here's how targeted lead generation can help you unlock higher conversions, stronger brand loyalty and scalable growth.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Business News

'You Own Nothing Here on Social': Meta Outage, Looming TikTok Ban Has Creators Questioning How Much of Their Business They Really Control

With repeated tech outages and a possible TikTok ban on the horizon, creators are looking for new ways to influence. Turns out, one old-school way still reigns supreme.