The Rise of Gymshark - 1billion Dollar Brand
How Influencer Marketing Turned Gymshark into a 1billion Company.
Gymshark is arguably one of the most influential fitness brands of the 21st century – a bold statement to make considering the eCommerce empire only launched in 2012. But, a statement that is totally justified nonetheless.
Born from the bedroom of teenager Ben Francis, Gymshark has grown from a small start-up to a global business that has just become a 1billion+ company.
The investment from General Atlantic will see them take a 21% stake in Gymshark, allowing the online retail business to surpass a valuation of over one billion dollars in just eight years. The former pizza delivery driver is set to become Britain’s richest self-made person under the age of 30.
Influencer marketing
Their ingenious use of Instagram influencer marketing has often been considered a key factor in stimulating the company's growth. To get the business off the ground, Francis recruited a small number of social media stars and laid the foundations for what is now known as the Gymshark ‘athlete’ community.
What started as sending a number of fitness influencers free Gymshark activewear to wear and promote the brand in a bid to attract new consumers and reach a larger audience across social media, proved to be a highly effective strategy as many of these influencers are now highly recognized ‘Gymshark Ambassadors’. Now, those influencers such as Nikki Blackketter and Whitney Simmons, are well-known representatives of the brand.
Over time, other popular influencers such as Saffron Barker have begun working with the brand and regularly posts photos and uploads YouTube videos wearing the clothing.
Whilst influencer marketing is a very well-used marketing method these days, it was a risky tactic to use over eight years ago. However, it was a risk worth taking as it is a move that got Gymshark to where it is today.
By leveraging different social media platforms, the company has been able to connect with new social media influencers and dramatically increase their reach.
Over the years, Francis has continued to sponsor more social media stars and now Gymshark has an audience outreach of over 20 million and has over 10 popular athletes and ambassadors on their website.
Leveraging the power of social media
By investing in the power of influencers, Gymshark has fostered not only a significant following but also a community of like-minded people - something that now makes their brand unique and more desirable than their competitors. Through its digital campaigns, social media channels and network of influencers, the company has created a space for people who share common values and a serious interest in fitness. By creating this community, the brand has become more than just a fitness brand; it has become a community that people feel a belonging to and thus, invest and believe in.
More recently, the brand has been utilizing the power of influencers offline and attracting crowds globally to their pop-up stores across the UK & USA.
As well as working with influencers, the brand has utilized their own social media channels perfectly. Regularly connecting with consumers on Twitter and Instagram, Gymshark also have their very own YouTube channel, often sharing workout videos as well as motivational tips.
The rise of Gymshark is just one of many success stories that have emerged because of influencer marketing. More brands than ever before are realizing the potential of working with top influencers and consequently, are reaping the enormous benefits.
Across his own social media accounts, the founder of Gymshark, Ben Francis, regularly shares updates about the business and his goals for the future. On a mission to take Gymshark to the next level, Ben’s dream is to make his brand one of the greatest on the planet… And he is well on his way to achieving that dream!
Small steps lead to big changes.
Taking small steps is the beginning of growing your brand, whether you're starting a new brand or becoming a social media influencer. No matter what type of business you have, taking these first steps will help lay the groundwork for building success with social media marketing strategies.
The sooner someone takes this step on their path to becoming an fitness influencer or entrepreneur, the easier everything else becomes because there are now concrete goals in play rather than just trying random things out and hoping something sticks!