• Celebrity Endorsement refers to a marketing strategy whose
purpose is to use one or multiple celebrities to advertise a specific product or service. The primary goal, in this case, is to reach a greater audience, represented by the celebrity's fan base.
• Celebrities promote everything from products to services and
even social causes.
• Celebrities have substantial social networks and people are
always interested in the trends and products that celebrities endorse. Celebrity branding on social media has the potential to reach more people than other traditional advertising methods. Essentials of celebrity endorsements
• Attractiveness of the celebrity
• Credibility of the celebrity • Meaning transfer between the celebrity and the brand. • Oscar Pistorius contract was suspended by Nike who was accused of murdering his girlfriend in 2013. What Makes a Celebrity Endorsement Work
• Choose a partnership that makes sense.
• Be sure to never insult the product that’s being endorsed. • Lebron James partnered with Samsung in 2014 to promote the new Samsung Galaxy Note III. Brand equity • Brand equity is the name given to the value of a company’s brand. It’s a measure of overall consumer perceptions of any brand. Those perceptions get shaped by the customer experience that a brand offers.
• If consumers get treated well, they’ll develop favorable
perceptions of a company. Thus, positive brand equity gets generated. Poor customer experiences, meanwhile, create unfavorable opinions of a business. That’s when negative brand equity results. And once it has, it can be tough to turn around.
America Branding in The Digital Age: How I Grew from Zero to One Million Followers in A Year with Social Media Marketing While Creating A Business Identity that is Contagious