I had a great conversation with Brown Russell, former Chairman of Gum Tech (GUMM:NASDAQ), last evening on our radio show.
Brown was behind (and by this I mean he led) the launch of Zicam –the cold remedy, medicine. I didn’t know this but Zicam was one of the fastest growing new cold treatments in recent history.
The reason I thought he would be a great guest was because of a book I noticed on his desk one day. It was one of those thick books on communication that communicators who have just graduated may have not even heard about: The Diffusion of Innovations by Everett Rogers, first published in 1962. (By the way Rogers published 30 books in 15 languages.)
To put this in perspective this was before the Internet was ‘discovered.’ And some of the concepts Rogers analyzed presaged viral marketing by what, 40 years, maybe?
How do ideas spread and products take off, I asked? Is the diffusion of innovations across networks (the unwired kind) dependent on a marketing and PR push? Derrick brought us a good point –that demand, could possibly be influenced by planned scarcity (as in Apple’s play); by game mechanics (as in earning rewards), and filling the need that nobody has quite recognized (as in Facebook).
Here’s the podcast, if you’re interested. http://bit.ly/your3bl11
By the way, if you occasionally use terms such as ‘early adopters,’ ‘late majority’ or ‘laggards’ you’ve been borrowing from Roger’s theory!