cult_brands

I’m Doug McIntyre, CEO of Cult Marketing.  When I left my prior agency to start Cult Marketing over a decade ago, I did it with the belief that all great brands share a common set of characteristics or traits. It was clear to me then and is now, that there is a path to accelerate growth and excitement for your brand by incorporating the traits that define a cult brand. 

Cult brands inspire employees and turn regular customers into devoted and passionate fans. At Cult, we define a cult as a group of people that share a passion, idea, or belief. I started Cult Marketing with the idea that we would help companies develop passionate customers for their products and services.

What is a cult brand? 

Understanding the phenomenon of cult brands starts with the realization that all successful brands have a strong customer base at their core. Many cult brands use the 80/20 scenario, where 20 percent of customers drive 80 percent of revenue. These are the most sought-after customers in any market segment. 

Who are cult customers? 

Not only do cult customers drive revenue, but they also exemplify brand loyalty and are less likely to drift and purchase from other brands. These customers strongly identify with your brand offering and understand what makes it different from competitors. This leads to less customer turnover and lower marketing costs. 

They are also brand evangelists who spread the brand’s gospel, usually by word-of-mouth. They love your brand and want to inspire others to feel the love too. A positive word-of-mouth referral from a credible and trusted source is the most powerful and effective marketing tactic your brand can adopt! 

Cult customers tend to be price averse because they see the value in your product or service. They are often early brand adopters who will pay top dollar for the latest technology, model, style, or flavor regardless of the flashy discounts your competitors might offer. 

Lastly, cult customers are emotionally engaged and constantly look for information, updates, and news from your brand to feel “in the know”. They love being a part of the “movement” and look for opportunities to join brand loyalty clubs or rewards programs. 

How do you build a cult brand?

While every brand wants a cult customer base, it takes work to build a strategy that will attract dedicated customers.

We’ve been studying the defining characteristics of cult brands for years and have developed what we call the “11 Laws of A Cult Brand.”

Over the coming weeks, we will highlight each of these “laws” and how brands have successfully exemplified these traits in their brand messaging and strategy to build a cult following. I can’t wait to share what I’ve learned over the last decade with you. See you soon.

Starbucks has a Cult Following

Starbucks has a Cult FollowingWe have been espousing the many benefits of developing a Cult following for brands. These include increased customer loyalty, premium pricing, and brand evangelism. Now, as Michael Brush has pointed out in his MSN Money article, the benefits of cult marketing can extend to the stock market as well. He cites Apple, Harley Davidson, Starbucks, Under Armour, Sirius XM, and Lululemon as examples of cult brands that have been extremely successful in the stock market. Here is the link to his article: http://goo.gl/R7A6H