Dawn of the Social Media Influencer as Entrepreneur

Over the past week, I have been working with the model, social media star and actress Alexis Ren to launch her own brand, REN Active (http://www.renactive.co). Many social media stars have launched merchandise: most is usually the typical banal array of t-shirts, hoodies and caps sold at concerts and events by stars and celebrities. What distinguishes REN Active is that it has been beautifully crafted and designed in the very same minimalist aesthetic and style that her 10 million followers have already come to know from her. Alexis Ren has not only launched products, but a genuine brand with a message.

21st century society has become accustomed to the newly-formed celebrity of emerging You Tube talent, Instagram “hotties” and blogging fashion and beauty mavens. Over the past several years, so-called “digital talent” have matured from being the millenial outliers of the media world to being becoming part of daily life for middle America and the rest of the globe. Unlike the awe fans feel for traditional celebrities, actors and pop-stars, followers of social media talent are immersed inside the daily life and routine of the influencers they follow.

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Because of this direct relationship between follower and influencer, a global marketplace has developed between brands and social media stars buying and selling their influence over the millions of constituents they react with on a daily basis.  An entire economy of agents, agencies, media networks and brand consultants has emerged around influencer marketing. Because technology is so closely linked with social media, never before has it been easier to target any particular demographic or measure the direct success of any influencer-based marketing campaign. In the “good old days”, it was just a well-founded guess how successful an expensive ad campaign gracing the pages of Vogue might have been. Today, a brand knows exactly how many consumers have clicked through to, commented on or “liked” any digital social media campaign they have invested in.

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Major ecommerce and brick and mortar retailers are now also looking to partner and create joint ventures with social media stars and celebrities to help launch new businesses. From my own experience representing “new-age” digital talent, Walmart, Jet.Com, Target and even traditional department stores are moving into the game. A new class of incubators, entrepreneurs and venture capitalists are also emerging, seeing the opportunity to partner with social media talent by contributing their expertise, capital and management skills to help launch new brands.

Will Alexis Ren and her fellow social media standouts be the Ralph Laurens, Oprah Winfreys and Donna Karans of the future? No one really knows, but it is certain that they will have an impact on the landscape of media, entertainment and commerce in the foreseeable future.

Source:

https://www.forbes.com/sites/barrettwissman/2017/08/14/dawn-of-the-social-media-influencer-as-entrepreneur/#35708d286f86

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