The poll results are in! Do we have a new Cult Brand?
June 5th, 2008We asked you to select what company you thought was closest to becoming a cult brand. The results are in and here are our reasons for selecting them as potential contenders for cult brand status.
Coming in at number four was The Motley Fool. Founded in 1993 and run by brothers David and Tom Gardner, The Motley Fool provides investment advice to millions of self-empowered investors. More than just a financial services provider, The Motley Fool provides a community for these like-minded investors who don’t want to deal with structure of traditional investment agencies to congregate. Motley Fool’s encouragement of investors to take their own financial future in their own hands in a fun environment with a community of support earned them a place on our list of potential Cult Brands.
At number three was America’s favorite hot sauce brand: Tabasco. Still made on the same site and using the same recipe as Edmund McIlhenny did in 1868, Tabasco production is supervised by a member of the McIlhenny family applying rigorous standards to pepper selection and production to ensure a consistent product and quality. The customers’ love of Tabasco begins at the biological level. The active compound in hot peppers, capsaicin, triggers the pain response and leads to the release of endorphins, leading people to become addicted to the high and fall in love with the spicy taste of Tabasco. Tabasco has such a loyal following that some fans refuse to travel without it. Tabasco earned its place on our list for its ability to take advantage of biological drivers and its ability to polarize consumers into two groups: those that love it and those that refuse to go near its spicy power.
The runner up was the king of search engines: Google. The amount of information being added to the web on a daily basis is mind boggling and for information seekers it’s hard to imagine what it would be like in a world without Google. Tapping into the world’s information searches, Google attempts to come as close as possible to providing you with exactly what you’re trying to find. As good as Google is, founders Larry Page and Sergey Brin aren’t content to see themselves as anywhere near a solution. They see their whole enterprise as focused on one thing: improving users ability to find what they want in any place and at any time. It’s this intense focus on serving everyone who loves information and knowledge in all areas of their life that put Google on our list.
And the winner of the poll: YouTube. Founded in 2005 and purchased in 2006 by Google. And costing nearly $1 million a day to run, YouTube’s profit is, according to a Google revenue report, “not material.” But for what YouTube lacks in profitability it makes up for in power and loyalty. YouTube was at the forefront of user-generated material that led Time magazine in 2006 to declare “You” as the person of the year. YouTube has created a platform for users to upload their lives and passions and find a likeminded audience that traditional media would never have allowed. YouTube’s bucking of the traditional profit-focused enterprise and its ability to bring people together and have them feel weird together and therefore weird no more make us think it may be a worthy business for Cult Brand status.
That’s why these brands made our list. But, we’re more interested in why you voted the way you did and what you think about each of these brands. Now it’s your turn to join in on the discussion.