Giving names to the products we love is a common thing practiced in many parts of the world. From things that we rely on on a daily basis – like bicycles and cars – to goods that make our homes a bit homier – like soft toys or plants – an abundance of items lend themselves to individualization by their owner.
Recently, companies like Toyota have started to leverage consumers’ infatuation with the name game by activley encouraging them to name their cars as part of a marketing campaign. And while the Swedish furniture giant IKEA is keeping the aspect of consumer individualization to product assembly, it has at least itself been assigning fancy names to their products for years. Who is not familiar with the Pax’s and Billy’s of this world?
But does naming products actually make a difference when it comes to consumer responses? And if so, why? In a recently published paper in the Journal of Consumer Psychology, the authors Jennifer L. Stoner (University of North Dakota), Barbara Loken (University of Minnesota) and Ashley Stadler Blank (University of St. Thomas) explore this question. Across three experiments, they show that when consumers name their products, their evaluations of those products increase. Additionally, they find that this increase in product evaluation stems from a boost in psychological ownership consumers experience from naming. This boost in psychological ownership, is, in turn, driven by name fit and creativity – two aspects that are highly subjective and thus only of real magnitude when names are self-chosen as opposed to assigned.
Overall, their very interesting results open up a new substantive line of inquiry into the effects of naming products. More details about the research can be found by clicking [HERE].
Stoner, J. L., Loken, B. and Stadler Blank, A. (2018), The Name Game: How Naming Products Increases Psychological Ownership and Subsequent Consumer Evaluations. Journal of Consumer Psychology, 28: 130-137.