Checking Your Celebrity Values IndexThe real goal and hope is that your celebrity endorser will boost the effectiveness of your marketing, product, or company campaign in a positive fashion. The value index, as we like to call it, is extremely important. Just look at companies that had deals with the likes of Kobe or O.J. when they ran into trouble. Disaster was and is always just around the corner if your celebrity endorser has the misfortune of having any form of legal trouble. Bad news for them only means worse news for you and your company. Over the years, millions of dollars have gone up in smoke because of a DUI, drug, or sex scandal. It just isn’t worth the risk. So, get to know your celebrity endorser and perform a thorough background check. You might be very surprised at what a simple Google search might turn up. Don’t let your celebrity endorser get caught with his or her pants down, as you will also feel like your pants are down.
I can recall all to well a situation where a major star was scheduled to appear at a major meet and greet. The deal was done, the athlete had been paid and was scheduled to appear the next day at a very large function. The company decided to fly the athlete in the night before. To bad the athlete decided to have a few drinks before going to his hotel. Instead of being in a cab he had a rented car…big mistake. He was picked up one block from his hotel for a DUI. He spent the night in jail. He was too embarrassed to attend the function later the next day so he decided to hop the next plane home and leave the company high and dry. Not only did they never recover their money, but the event planned around the celebrity was a disaster, to say the least. Make sure you know your celebrity and his or her tendencies.
It’s so amazing to me that what you see is not necessarily what you will get. Too many high profile celebrities are just full of themselves. It’s a shame but its reality. There are so many nice, decent, honest celebrities that one need not be subjected to a bad apple.
When considering the value index, another crucial point is to always ask for referrals. It may seem unnecessary but believe me, if you can’t get any it’s time to walk away. When speaking with referrals, make sure you ask all the pertinent questions such as: Are they easy to work with? Do they arrive on time? How do they dress? Were they cordial? Did they ask for money for doing little extra things? Were they at ease or in a hurry? Did they hang around after it was over, or immediately leave? Were they accommodating when asked for autographs? Did they make eye contact? and so on. Ask the questions, as you may be surprised at the answer. Above all, ask if they would hire that person again.
A good question that we ask the celebrity if we can’t get referrals is, who have they have done endorsements for in the past? We then do our own investigating by calling the company directly. It’s usually safe to say that if you can’t get referrals there have been problems in the past. If that’s the case, we advise you to keep looking until you find your perfect match. It will be time well spent.
There are a number of reasons for using a celebrity endorser. But also consider the value proposition of the endorser as a key to your success. The reason you are using the endorser is probably one of the following:
• Credibility
• Adding new ideas to your brand image
• Celebrity can add his or her values and refresh the brand
• Celebrities draw attention
• Rising above the competition
• PR possibilities
• Way to convince customers about a product or company
• Adding value to the product or company
• Building a solid back end proposition through extended use
There is one reason to use a celebrity endorser that I don’t want to add to the list above, as it is often the early signs of a company in trouble. That reason is desperation. Companies often times will think that a celebrity endorser might pull them out of the hole. Unless it is a brilliantly conceived marketing strategy, the chances for failure are greater than the chances for success. Sometimes, if a product cannot stand on its own, companies are lead to believe that a celebrity might produce magic. Usually that is not the case as the product or company is already too far gone to hope that a last minute advertising bailout will make a difference. There are certainly instances where a celebrity has come in and immediately turned things around, but unless you can afford Michael Jordan or some other big name, failure is more realistic than success.
The bottom line is, don’t count on the celebrity endorser being your savior. The celebrity endorser can certainly enhance most businesses with a well thought out plan, but to use one as a savior may be asking to much from the celebrity and isn’t fair to the celebrity or to the company. Miracles are hard to come by.
Beware if you are desperate.