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The Charlie Sheen Stimulus

With T-shirts, designer cocktails and even medical marijuana, countless companies are starting to cash in on the outspoken actor and his colorful catchphrases. Winning!

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Winning! Companies in a variety of industries are capitalizing on Charle Sheen's media blitz.Is Charlie Sheen really winning? Despite news that he was officially terminated by Warner Bros. Television on Monday, the outspoken actor continues to ride a tidal wave of publicity that he -- and companies in a wide range of industries -- are starting to profit from.

In response to the news of his firing, Sheen himself alluded to the earning potential that has come from the no-holds-barred media tour surrounding his personal life and subsequent suspension by CBS. "This is very good news," the now-former Two and a Half Men star said in a statement. "They continue to be in breach, like so many whales. It is a big day of gladness at the Sober Valley Lodge because now I can take all of their bazillions, never have to look at whatshisc*ck again and I never have to put on those silly shirts for as long as this warlock exists in the terrestrial dimension."

Such brashness and colorful catchphrases have made Sheen something of a folk hero -- at least on Twitter, Ustream and other corners of the Internet -- and naturally he and others are starting to cash in. Call it the Charlie Sheen stimulus. Here are just a few examples:
  • As we recently reported, a Sherman Oaks, Calif., hot dog restaurant called The Infield started selling "Charlie Dogs with Tiger Blood," which Sheen promptly tweeted about. Owner Robert Davitian has seen a huge boost in sales as a result, tweeting to Sheen, "Can't thank you enough, honestly!! We can't keep the Charlie Dog in stock!!!"
  • Several medical marijuana dispensaries have named a strain of cannabis after Sheen, according to TMZ.
  • Sales have risen at Broguiere's Farm Fresh Dairy, after Sheen tweeted a photo of himself and one of his "goddesses" holding a bottle of chocolate milk, according to Pasadena Star News.
  • No catchphrase is complete without an accompanying T-shirt. While Sheen reportedly has plans to launch his own T-shirt line, other companies aren't wasting any time. For example, Dicks Cottons, a New York-based accessories and apparel company, recently debuted shirts featuring "Winning," "Adonis DNA" and "Goddess" -- all references Sheen has made online and in interviews. "I wanted to jump on the buzz because viral marketing is definitely the most effective," Dicks Cottons founder Rich Amundson said.
  • Sheen's references to "tiger blood" have inspired at least one cocktail. TY KU, a New York-based spirits company, has introduced the recipe for the "TY-ger Blood."
  • Speaking of tiger blood, even nonprofits are getting in on the action. The American Red Cross recently tweeted, "We may not collect #tigerblood, but we know our donors & volunteers have fierce passion for doing good!"

Twitter has been key to powering Sheen mania -- with more than 2 million followers and counting. He's had help, according to reports, and may be expanding his social media payroll, tweeting on Monday that he is looking to hire a social media intern.

Speaking of Twitter, Sheen recently signed a deal with Ad.ly, a marketing firm that specializes in connecting celebrities with the public through social media. His intern plug, which led followers to Internships.com, was his first "sponsored" tweet.

Sheen has also been talking with Mark Cuban, the owner of the Dallas Mavericks and chairman of HDNet, about partnering together on a project, possibly a reality or talk show.

While Sheen's antics and the cottage industries sprouting up around them may prove to be short-lived, the cultural phenomenon will serve as a lasting case study in promotion, according to experts. "Sheen is illustrating to the world the sheer power of online social media," said Kenneth C. Wisnefski, founder and CEO of WebiMax, a Mount Laurel, N.J.-based online marketing firm. "I see the dynamics of marketing changing more toward social media and away from traditional marketing tactics. He has generated over 2 million Twitter followers in a week. To follow someone on Twitter is proactive -- therefore, I rate his performance much better than a mass media commercial that was viewed by the same amount of people."

According to Pace University marketing professor Paul Kurnit, Sheen and others are seizing upon a primal urge. "Like watching a car crash," he says. "We just can't take our eyes off it. The traffic comes to a halt, and the world stops to gawk at the accident. The longer the media give Charlie access and visibility, the longer the Charlie machine will be able to cash in."

Geoff Williams is a regular contributor at AOL Small Business. He is also the co-author of Living Well with Bad Credit and C.C. Pyle's Amazing Foot Race, a book about a colorful showman entrepreneur who would have appreciated Sheen's keen marketing skills.

Tags: Business Trends, Charlie Dog, Charlie Sheen, Charlie Sheen CBS, Charlie Sheen fired, Charlie Sheen goddesses, Charlie Sheen t-shirts, Charlie Sheen Twitter, Charlie Sheen Warner Bros, Charlie Sheen winning, Dicks Cottons, News, Rich Amundson, tiger blood, winning

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