The Stanley Cup Craze: A Case Study in Marketing and Psychology

Here's the Stanley I purchased: amzn.to/47ydOra (along with 20K other people this month on Amazon 🤪)
Discover your innate brand advantage: www.kayeputnam.com/quiz
Ever wondered why a simple cup can command a $50 price tag? As a brand builder, this case study offers invaluable lessons. From leveraging the bandwagon effect and social proof to tapping into niche markets and harnessing the scarcity effect, there's much to learn and apply.
Join me as I dissect the Stanley Cup phenomenon and draw actionable insights for small businesses and entrepreneurs.
#onlinebusiness #brandpsychology #brandstrategy
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00:00 Intro
01:50 Bandwagon Effect
06:18 Product Adaptation
08:00 Endowment Effect
09:28 Scarcity Effect
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🧠 ABOUT:
Kaye Putnam is a psychology-driven brand strategist for entrepreneurs who want to stand out in the market, connect with clients/customers on an emotional level, and scale their businesses.
Stick around & subscribe to learn more about... naming your brand, using psychology in business, online marketing strategy, brand design, finding your voice, creating a team culture, scaling using brand standards, ...and a whole lot more!

Пікірлер: 21

  • 2 ай бұрын

    this was very informative, great work

  • @crissyphillips3291
    @crissyphillips32916 ай бұрын

    Hey Kaye! Thank you Soooo much for the breakdown of Why On Earth the Stanley Cups are so popular. I literally had a conversation with my friend about it the other day. In your conclusion, you gave us some great pondering points to help us create the same effect on our brands. Going to test it out today!

  • @KayePutnam

    @KayePutnam

    6 ай бұрын

    It feels like it came out of no where! It was so interesting to see that it’s been building for a few years to the current fever pitch. So, I have to know… do you own one? 😜

  • @crissyphillips3291

    @crissyphillips3291

    6 ай бұрын

    @@KayePutnam Hahaha, although so cute, No. I can't carry that around all day. What put the Stanley Cup over the top was the video of the cup in the charred car. You couldn't beat that advertisement. Takeaways: Solve a problem, make a quality product that you can individualize and then hopefully ride the wave. Or torch it. 😂😂🤣🤣

  • @laurenchen7178
    @laurenchen71785 ай бұрын

    I learned a lot through your video. Thanks for your sharing!

  • @KayePutnam

    @KayePutnam

    4 ай бұрын

    Glad it was helpful!

  • @PhilipDunnArt
    @PhilipDunnArt6 ай бұрын

    I've been involved in what I'd call a "public laboratory" for this trend - a pickleball club (speaking of other crazes). There's a table by the ice machine that keeps all the thermos-type-thingies that people leave on the courts. It can have as many as 20 orphaned bottles at a time. I've yet to see one of these Stanley ones in there, but I do see them on the courts all the time and always with women friends. The lost & found table has a variety of the passe bottles, like Hydroflask, etc. You can see the history of the desired bottle from week to week. Hopefully, someone takes the old ones and donates them as the hipper members upgrade to even trendier Stanley thingies. Anyway, the Stanley Cup has taken over. Side mention: having a name, "Stanley Cup" that already has brand recognition is also important. I mistakenly thought this post was about the NHL hockey championship.

  • @KayePutnam

    @KayePutnam

    5 ай бұрын

    Oh this is amazing, thank you for sharing! Love the on-the-ground qualitative research. 🧐 Bravo!

  • @PhilipDunnArt

    @PhilipDunnArt

    5 ай бұрын

    Haha! Thanks for the reply. It's a strange lab for sure. Bubble-town USA. Now where are my hockey highlights?@@KayePutnam

  • @goldcanyon340.
    @goldcanyon340.5 ай бұрын

    Very well said. It’s all psychology, not necessarily an innovative product.

  • @kathleenking47

    @kathleenking47

    4 ай бұрын

    Handles on tumblers aren't practical IMO

  • @akihiko99
    @akihiko995 ай бұрын

    I have a question ❓ Why people don't think that they are spending more money for just coloured instead of otger?

  • @wendybreakstonemicroaudios7243
    @wendybreakstonemicroaudios72436 ай бұрын

    Well- after seeing your Stanley cup and watching this video, I just ordered myself one from their website! Ya’ hooked me!😂

  • @KayePutnam

    @KayePutnam

    6 ай бұрын

    😝 I’m happy to report that at least so far, the purchase has been worth it - I’ve been drinking wayyyy more water! I’d held out until now, but you know… research.

  • @omotayosatuyi252

    @omotayosatuyi252

    6 ай бұрын

    🤦‍♂️Jesus Christ lol almost every water bottle does that. I have a contigo Hydroplask that I I've kept for 3 to four years haven't switched over

  • @KayePutnam

    @KayePutnam

    6 ай бұрын

    I know! The controversy… the trend is certainly polarizing. I think that’s part of what’s fueling it, people can’t help comment on how ridiculous the whole thing seems.

  • @omotayosatuyi252

    @omotayosatuyi252

    6 ай бұрын

    @@KayePutnam I mean yeah it's stupid it's also crazy expensive and provides nothing new

  • @PhilipDunnArt

    @PhilipDunnArt

    6 ай бұрын

    Fun potential book title here: "Ridiculous Marketing"@@KayePutnam

  • @kimbird3439
    @kimbird34395 ай бұрын

    Hermes since 1837👜

  • @TheIcecaps
    @TheIcecaps4 ай бұрын

    I don't see the point in spending that much money on a cup