Female athletes are historically grossly underpaid for the value they offer brands, and I hope every parent would work against financial exploitation in the market. National team soccer players and NFL cheerleaders have waged a great fight for all of us, but we should work against accepting less than our athletes (and ourselves) are worth on every level.
Influencers - including young gymnasts - should be paid a minimum of $100 per post per 10,000 followers. By that math, a gymnast with 5000 followers should earn $50 per post. Boxes of leotards are not worth much. If becoming a leotard ambassador is strengthening the child's brand in the market so they can leave leotard marketing behind and move into other markets, then there is an intangible value that may make it worthwhile.
Children may also enjoy it, and it's up to the parent to decide if the negatives are worth the positives.
Without question, exclusive contracts are worth much more than open contracts. If a child can be an ambassador for 7 companies, she should be paid 7X the amount of the standard contract for giving exclusivity. Exclusivity works against the marketing upswing inherent in the genuine-feeling driven by influencer marketing. Most exclusivity clauses are intended to be anti-competitive against other brands as opposed to boosting sales of the contracting company. For that reason, unless the ambassador is Simone Biles, exclusivity probably harms the contracting company much more than they realize.
When a leotard company contracts with a third-party company (one they do not own) and requires a customer or influencer to use the third party, that's tying under antitrust laws. Some tying is permissible, and some is not. Any contract that requires the influencer to buy something, - particularly from a third party - probably violates FTC regulations. Joint ownership always needs to be disclosed under the law when contracting, so those relationships should be easy to spot.
Influencers - including young gymnasts - should be paid a minimum of $100 per post per 10,000 followers. By that math, a gymnast with 5000 followers should earn $50 per post. Boxes of leotards are not worth much. If becoming a leotard ambassador is strengthening the child's brand in the market so they can leave leotard marketing behind and move into other markets, then there is an intangible value that may make it worthwhile.
Children may also enjoy it, and it's up to the parent to decide if the negatives are worth the positives.
Without question, exclusive contracts are worth much more than open contracts. If a child can be an ambassador for 7 companies, she should be paid 7X the amount of the standard contract for giving exclusivity. Exclusivity works against the marketing upswing inherent in the genuine-feeling driven by influencer marketing. Most exclusivity clauses are intended to be anti-competitive against other brands as opposed to boosting sales of the contracting company. For that reason, unless the ambassador is Simone Biles, exclusivity probably harms the contracting company much more than they realize.
When a leotard company contracts with a third-party company (one they do not own) and requires a customer or influencer to use the third party, that's tying under antitrust laws. Some tying is permissible, and some is not. Any contract that requires the influencer to buy something, - particularly from a third party - probably violates FTC regulations. Joint ownership always needs to be disclosed under the law when contracting, so those relationships should be easy to spot.