Multi-Hyphenated Creator Economy Disrupts Influencer Marketing 1.0

May 25, 2022 Author: Mario X. Carrasco

From Coachella to Taco Bell, creators are monetizing their crafts to bridge the gap between consumers and brands. Powered by social platforms like TikTok, Instagram, and Twitch, the influencer market for branded and platform deals is projected to reach $28 billion by 2026. And the models keep changing. Hashtag sponsored posts – influencer marketing 1.0 - represents where we’ve been. Brands are now leveraging the creator economy in new ways, paying them for their insights into what’s trending and developing that content to post to the brands’ platforms instead of the influencers’ news feeds.

Equity partnerships have also increased. Multi-hyphenated creators, many of whom are athletes, entertainers, or personalities, are being approached by brands to become ambassadors for their products in exchange for equity in the companies, e.g., 50 Cent and Vitamin Water and P. Diddy and Ciroc Vodka.

Other creators have expanded even further, like The Kardashians, Rhianna, and LeBron James, who have gone way beyond being Insta-famous or making music or moves on the court to launching media empires that are challenging conventions. The next frontier, the metaverse.

Donnelle Branche, Talent Manager at Digital Brand Architects, joins us on The New Mainstream podcast to discuss the evolution of influencer marketing and how multi-hyphenated creators are changing the game.