An Analytical View over the Success of Silly Bandz
These days technology has managed to captivate the minds of our young ones. It is hard to believe that during such an era, a simple bracelet made of silicone has won the hearts of millions of kids nationwide. I am talking about Silly Bandz. These brightly colored rubber bracelets have swept the nation. Kids till the age of sixteen love them. They wear it on their wrists, as necklaces and other fashion accessory. Children like to collect as many of them as possible and this product is also traded heavily amongst kids.
Another astonishing factor here is that no money was spent for the promotion of this product. Yes that is right. No proper medium of advertising was used. No money was spent on television advertisements, brochures, pamphlets, billboards or anything. Yet Silly Bandz has managed to be so successful. Robert Croak, the owner of the company, says that the product sells itself.
I think that this is the miracle of online promotion. The company used viral marketing methods for the promotion of the product. Viral Marketing, which is free, has over the years proved to be very fruitful for the entrepreneurs. They have applied the methods of social network marketing and other promotional techniques to hit the target market required. It is safe to say that they were very successful in doing that.
Through social networks, each user inputs his or her own information. Their likes, dislikes etc. With this information, targeted advertisements are thrown at users. Through this equation, advertisements are only restricted to the target audience so not much effort is wasted. It is amazing to see the amount of success Silly Bandz has received over the years. There is a growing demand in other countries as well and it is only a matter of time before this becomes an international brand.
You can get silly bandz on sale on the internet.