I just returned from Orlando where I spent two and a half days at Coronado Springs, a Disney resort hotel. I was there with more than 1800 learning professionals from around the globe to attend Elliott Masie’s Learning 2017 conference. It was an awesome experience! As I sat in the airport I thought about Disney’s phenomenal brand success.
There are many reason Disney appeals to young and old alike but one that stands out in my mind is the Disney Vault. The mental picture of a vault compels us to buy certain products because it taps into scarcity. This principle of influence teaches us we want things more when we believe they’re rare or going away. With that in mind, let’s analyze the concept of the vault.
The imagery of the vault conveys a secure place where precious item are stored. We use vaults for safekeeping jewelry, money, cash, passports and other valuables. We don’t store everyday items in vaults and neither does Disney.
Disney reserves the vault for its most valuable items – it’s feature length films. Every generation has its favorites such as Cinderella, Snow White, and my daughter’s all-time favorite, Beauty and the Beast. I bet you have a favorite Disney movie that conjures up strong emotions and brings to memory magical times.
When a movie goes into the vault the door is closed, the lock is spun and you can no longer get the movie because you don’t know the combination. Only Disney knows that and only Disney knows when they’ll unlock the vault next.
When items finally come out of the vault Disney does two significant things. First, whatever is brought out is only available for a limited time. After that it goes back in for an undisclosed amount of time. In other words, if you don’t act quickly you might miss out on your opportunity.
Second, when something comes out of the vault it’s not the same as when it went it. Something magical always happens. The movie that comes out might be digitally remastered in Blue-Ray with never before seen extended scenes! Your mind screams, “Holy cow!” You think to yourself, “I have the movie but how much better will it be in this new, digital version? And those scenes, what they are?”
As you ponder these thoughts you can bet your bottom dollar others are ordering so now consensus is at work on you. When we know lots of others are doing something we consider doing it even more. That wisdom of the crowd gives some validation that the new movie version must be worth it.
Between consensus and FOMO (fear of missing out) you psyche is taking a pounding! Maybe that’s not enough to get you to order…this time but it’s undeniable that this Disney approach works like a charm. I write that because marketers are savvy. They test different approaches and measure everything. If the concept of the Disney Vault didn’t work they’d have abandoned it long ago. The fact that you keep seeing it, no matter how ridiculous it might seem to you now, is proof enough about its validity.
What’s an unsuspecting shopper to do? First, remember almost everything is available on Amazon or EBay. If you miss your opportunity someone somewhere is selling the latest Disney stuff. And if your patient enough the Disney vault will open again and the same item – only enhanced and better – will come out for a brief time.
Brian Ahearn, CMCT®, is the Chief Influence Officer at InfluencePEOPLE. His Lynda.com course, Persuasive Selling, has been viewed more than 100,000 times! Have you seen it yet? It will teach you how to ethically engage the psychology of persuasion throughout the sales process.