Fads are fascinating. They pop-up, wildly peak, and rapidly become a memory. Fads are defined as, “an intense and widely shared enthusiasm for something, especially one that is short-lived and without basis in the object’s qualities; a craze.” Marketing has historically loved a craze because it enjoys significant awareness.
Social media has helped fuel fads and arguably shorten their shelf life. Fads are similar to habits or customs but less durable. They often result from an activity or behavior being perceived as emotionally popular or exciting within a peer group or being deemed “cool”.
Nowadays they are promoted across social networks growing trial and converts to the fad. Think about the Ice Bucket Challenge and you will get the drift.
This ties to the bandwagon effect. This is a phenomenon where the rate of uptake of beliefs, ideas, fads and trends increases the more that they have already been adopted by others. Marketers love the notion of fads and bandwagons as they resemble interactive advertising campaigns. Marketers strive to create fresh fads and compel the bandwagon effect or they associate their brand with a fad currently underway to gain a halo effect.