Is the trend of celebrities owning the underlying business and not just taking an endorsent fee from another company likely to become more common?
How much more drops to the bottom line when avoiding those marketing costs?
Content marketing reduces customer acquisition cost. Wealth managers create podcasts and write blogs. Hagar promotes his brand by being a musician.
"There is a huge difference between companies with high gross margins and those with lower gross margins. Using the DCF framework, you cannot generate much cash from a revenue stream that is saddled with large, variable costs."
25iq.com/2017/02/04/gro…
July 2019 "Coty acknowledged a stunning 60% of its brands are “margin dilutive” and plans to concentrate on a fewer number of product lines. It didn’t specify which brands might be on the chopping block." news.google.com/articles/CAIiE…