Good bones aren't enough to grow a business anymore...but here's what is.
I work in marketing, my husband works in tech. We're both highly involved in our industries, so you can imagine how many random, "freebie" products we have lying around the house.
Early last year though, my husband was gifted a particular product that he promptly regifted to me - not because he didn't want it, but because the product came with a certain...stigma. One that he wasn't sure he was allowed to participate in. 😂
If you've been in marketing as long as I have, you've seen just how powerful a product stigma (or, as I like to call it: "persona") can be for a brand:
This product mastered all 3.
Let's get into it...
Well-established, known for their durable outdoor gear, and particularly their iconic thermoses and rugged camping cookware, the Stanley brand went 110 years before they hit what I would call a "pivotal cultural moment".
Their outdoorsy, blue collar customers made the brand into a $70 million dollar business. Growth was steady and the legendary brand was stable.
But early 2020 marked a new era for this brand, turning one of their least popular products into a cultural phenomenon that would grow the brand into a $750 million dollar behemoth.
Stanley had just launched their "Quencher" tumblers...which almost no one wanted. The product sat stagnant on the shelves until new president (and former chief marketing officer at Crocs) Terence Reilly came up with a brilliant strategy - one that very few brands had attempted before...
He listened.
Reilly sat down with each employee to get an idea of what was/wasn't working for Stanley's new mugs. One employee in particular mentioned a possible partner in Utah - a group of women who ran a commerce site called "The Buy Guide" - that could be useful, since the original owner of the site had already purchased and gifted hundreds of Quencher mugs already.
Stanley partnered with The Buy Guide team who purchased 5,000 wholesale Quenchers to sell to their audience. The products sold out within days, and the rest (as they say) is history.
But there's more to this story than just a good partnership...
Stanley's success with the Quencher product was more than just a good business move. Their attention to culture laid the foundation for an entire societal shift.
By placing their product in the hands of a specific type of person, and doubling down on that identity, they completely changed how an entire generation of women behaved, and sold millions of products worldwide.
That's the power of good product-to-culture fit.
Don't believe me? Just search "Stanley cup" on TikTok. 😂
The "Stanley cup" phenomenon is powerful, widespread, and running almost entirely without Stanley's help. Millions of people are producing and consuming content around this identity - the "Target Mom" - and the Stanley mug plays a huge part in making that character so iconic.
The Stanley mug isn't just a physical product to this audience. It's the sole status symbol of the modern-day "Target Mom."
This perfect marriage between culture and brand took Stanley out of the male-dominated industry they grew up in and dropped them right in to the epicenter of a female-centric audience who were ready and willing to spend $45 on a pink cup (which 10X'd Stanley's growth in just 3 years.)
Generating a multi-million person strong movement and 10X-ing your growth over 3 years is a feat within itself...but it isn't difficult as long as you understand how the cultural attention equation works.
The cultural attention equation looks like this:
(Good business structure + unique, high frequency content) x trending cultural phenomenon = growth. 💰
If you take nothing else from this email, remember this:
Good bones aren't enough to grow a business anymore - we're past the days of building a brand on grit and business sense alone. Some of our growth in 2024 and beyond will come down to how much cultural knowledge we have.
Stanley was able to capitalize on this because they understood:
Here's how to do this for your brand...
TLDR; Stanley's success serves as a testament to the significance of aligning products with cultural movements. As we strive for growth, let's remember the formula:
(Good business structure + unique, high-frequency content) x trending cultural phenomenon = growth.
Here's to embracing the dynamic relationship between business and cultural influence in your brand.