The celebrities having high celebrity net worth are known for various reasons like their movies, sports, music albums and endorsements. One of the most contributing factors to a celebrity’s income is the advertisements ofthe various products and services. As a star starts getting famous they are bombarded with various endorsementcontracts. Some of the famous stars are associated with the best brands of the market.
Here are a few reasons why advertisements and endorsements increase the net worth of the celebs:
- Brand builds a celebritynetworth
People are able to build a better consumer relationship with their brands if they are able to see their stars advertising them. Having Beyoncé as their brand ambassador, Pepsi has boosted their sales. Lionel Messi is known as the face of Adidas and can be seen promoting the brand’s gears as a part of his endorsement obligations.
- Helps to emulate one’s idols
The popularity of social media has helped to open up a new method to advertise products and services. When the common mass sees their idols promoting such a product or service it gives them a chance to emulate their stars. It has been reported that whenmovie stars promote a particular product a corresponding increase in their sales and net worth is seen.
- Promotes Brand Value
It has been seen on many websites like celebritynetworththat the top celebrities having the highest net worth also have a large number of brand endorsements to their names. The major contributors to the income of the celebs are through their various brand obligations. The association of the stars is seen as a prestigious social status and promotes the population to buy the products.
- Long lasting effect
Having stars promoting a particular product has a longer and more lasting effect on the consumers as they start associating the product with the stars. Thus adding brand value. This increases the sales of the products.