NIL Marketing Platform
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A business opportunity to capitalize on the new Name, Image, and Likeness (NIL) rules allowing college athletes to get paid for endorsements. The idea focuses on building a brand using college athletes as influencers before the marketplace becomes efficient and prices increase.
Key Points:
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Target Market Opportunity:
- College athletes can now legally get paid for endorsements
- Market is currently inefficient - athletes have more influence than their current pricing reflects
- Primary audience is college students and college sports fans
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Product Opportunities:
- Financial services/credit cards
- Energy drinks for studying
- College-focused condom brand
- Other products targeting college demographic
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Strategy:
- Work backwards from college athlete followers
- Target products that college students and sports fans need
- Build brands before the NIL influencer market becomes saturated
- Use local approach similar to Open Doors marketplace platform
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Advantage:
- Early mover opportunity similar to Movement Watches using Instagram influencers
- Can build $100M+ brand before NIL influencer marketing becomes mainstream
- Access to influential college athletes at currently undervalued prices
59:58 - 01:01:15
Full video: 01:04:47SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.