With day-after-Thanksgivings sales now behind us, the cash register sales data is clear on this year’s hot invention for the holidays: the Zhu Zhu.
What’s a Zhu Zhu? It’s an $8 electronic hamster that moves around and makes noises sort of like a real hamster, but doesn’t require feeding or other care necessary with its living, breathing inspiration. What’s more, maker Cepia LLC has created Zhu Zhu accessories including a skateboard and a car… as well as a hamster wheel and tunnel systems for those who are more traditional with their microchip-driven pets.
Many Walmart and Toys R Us stores are now sold out of Zhu Zhus. Amazon too is reporting very strong sales (especially of the Mr. Squiggles version), while re-sellers are jacking the prices to more than $50. And as we write this, we can’t even access the official Zhu Zhu website because it’s being overwhelmed with traffic.
Other than the website crash, we love this! Because it highlights a few good lessons for just about every inventive person out there:
1. Value price. People today are reluctant to spend big bucks on pricey holiday toys. But a Zhu Zhu at less than $10 feels like a real value. Not every invention can or should be priced nearly this low, but definitely consider your target consumers’ spending abilities and value perceptions as you fully develop and price your creation.
2. Think broadly. If you’ve got a good thing, broaden your line—be it with another version (Mr. Squiggles has hamster pals like Num Num) or accessories like the Zhu Zhu skateboard. Going broader often increases your in-store presence, your product appeal and your total dollar sales.
3. Reach out. With its limited marketing budget, Cepia got creative with its marketing—it posted YouTube videos and distributed free Zhu Zhus to mommy bloggers. This went a long way in getting the word out on their faux-furry invention. Remember: if you get clear on who you want to reach, you’ll then be in a good position to think of unique and inexpensive ways to reach them.