Insight Articles — Sep 19, 2024
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How Labubu Balances Popularity & Exclusivity
Labubu, the beloved blind box collectible toy from Pop Mart, has taken the world by storm. But how has Labubu managed to maintain both widespread popularity and a sense of exclusivity?
Since its debut, Labubu has steadily gained traction, but in recent times, its popularity has skyrocketed. One significant factor in this surge is the influence of Lisa from BLACKPINK, who has introduced her massive global fanbase to Labubu.
Lisa’s involvement brought Labubu into the spotlight, and the collectible's limited availability has fueled fans’ Fear of Missing Out (FOMO).
Images. The Monster Labubu Fall in Wild Series-Vinyl Plush Doll Pendant
Labubu: Popularity Explained by Two Key Strategies
Labubu’s rise can be explained by two marketing strategies: the Bandwagon Effect and the Snob Effect. These seemingly opposite strategies have worked together to create both mass appeal and exclusivity around Labubu.
Images: Lisa with Labubu
What Can We Learn from Labubu’s Success?
Labubu’s blend of the Bandwagon Effect and the Snob Effect shows how brands can generate both mass appeal and exclusivity. Here's what we can learn:
Labubu uses both mass appeal and exclusivity to attract different kinds of buyers.
The partnership with Lisa from BLACKPINK shows the power of using influencers who align with your brand.
Limited releases create urgency, motivating fans to buy quickly.
The blind box model keeps fans coming back, adding an element of surprise and excitement.
Conclusion
Labubu’s marketing strategy proves that combining the Bandwagon Effect with the Snob Effect can generate both mass appeal and exclusivity. By leveraging influencers, creating FOMO, and offering limited-edition releases, Labubu has mastered the art of balancing popularity with scarcity.
Also Read
Snob Effect: https://www.unithree.co.id/insights/article/the-snob-effect-why-luxury-brands-are-so-attractive
Bandwagon Effect:
https://www.unithree.co.id/insights/article/bandwagon-effect-the-viral-marketing-strategy
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