我们的5个理由Created a Digital-Only Talent Management FirmDigital-only talent management firms are necessary for managing today's talent.

ByScott Fisher

Opinions expressed by Entrepreneur contributors are their own.

Doge Coin | Shutterstock | Enhanced by Entrepreneur

In 2011, the disparate differences between traditional and digital talent were vast enough that I set out to build one of the first digitally focused talent management firms.

Recognizing the lessons we can learn from traditional media with the balance between innovation and time-tested models is vital as we move forward. Being the voice for talent is an age-old trade, but in the digital world, we had to approach things a little differently to break through. Through the years of building my business, I've noticed five key differences in the two worlds.

Here's the five key reasons a digital-only talent management firm was necessary and what it says about the differences in approach to new and traditional media in developing brand strategies for each.

1. New rules had to be written.

The traditional entertainment business had been operating the same way for many generations with the deals, players and buyers remaining essentially unchanged.

With digital, we didn't have to play by those pre-existing rules. We were able to pave new roads, which led to talent controlling the power; deals moving quickly; and traditional gatekeepers having less leverage than ever. If we weren't able to rewrite the rules, we wouldn't have carved out our niche.

2. You can't fake an understanding of digital.

相同的一代人才是再次luable. You understand them. They understand you. And both of you grew up using the same technology to communicate in a way that's completely unique to that set.

The tools, platforms and mindsets are new concepts for traditional entertainment executives, but for myself and my talent, this has been our daily life for as long as we can remember.

Related:3 Ways to Be Constantly Recruiting Star Talent Through Social Media

3. You must be nimble.

Not being a part of the old-school mechanism allowed me to make quick decisions; adapt with the marketplace; and keep up with talent's ever-changing creative and personal evolution.

Had I been reporting to a chain of command and proving what I knew to be true to an internal group, I never would have been able to build the business or holistically represent talent.

Related:This 4-Part Process Helps One Firm Vet Top Talent

4. Clients need personalized attention.

It's no secret that up-and-coming talent, or even established artists, can be put aside for the hottest act of the moment in a management company or agency.

In digital, since they're firing on all cylinders and working 24/7, each client needs even more personalized attention than ever before.

Each person is essentially operating a large digital media company - publishing content on multiple platforms multiple times per day. In a large traditional firm, they would likely be lost in the mix.

Related:Connecting Brands With Cheap, Fresh and Creative Talent

5. Take the chance.

In the beginning, since digital's earning potential was completely unknown, nobody would spend their time working to develop a career without knowing the eventual payoff.

Since we had nothing to lose, we drew from the blind ambition of our talent and helped them crack the code. Now, it's important to remind ourselves to continue to take chances, and think outside the box in an effort to not become the sitting ducks we disrupted.

Scott Fisher

Partner/Founder of Select Management Group

Scott Fisher is an experienced talent manager with a fresh approach on managing talent in the digital age. Always an advocate for the artist, he prides himself on working closely with his clients to develop and expand their careers while staying true to their core values. Scott has successfully managed client relationships with Unilever, L’Oreal, NBC Universal, Walgreens, Ralph Lauren, Kmart, Vevo, Viacom, ULTA, P&G, among countless others. Scott was one of the first to build a management company around digital talent in 2011.

Editor's Pick

Related Topics

Growing a Business

This Ancient Ritual Is Key to How I Run a Company of 500 People. Harvard Research Shows Why.

Rituals are underrated ways to keep people connected.

Business News

These 11 Retailers Are Most Likely to File For Bankruptcy in 2023, According to a New Report

Several well-known retailers already filed for bankruptcy in 2023 — now, a new report is highlighting the retailers most likely to follow suit.

Business News

'I'll Gladly Cancel': Customers Livid as Netflix Is Reportedly Increasing Subscription Prices—Again

The Wall Street Journal reported that price hikes are set to roll out following the actors' strike.

Fundraising

Is Your Pitch Not Working? Here's How to Fix It, According to Experts.

On the season finale of "Fix My Pitch," business coaches Anthony Sullivan and Tina Frey offer their final lesson to entrepreneurs hoping to pitch their way to a life-changing investment.

Business News

'It's Getting Worse By the Week': Kevin O'Leary Issues Grave Warning About Commercial Real Estate Industry

The "Shark Tank" star spoke to impending devaluation of stocks in the industry on FOX Business' "Varney & Co."

Business News

Man Unexpectedly Wins $4 Million Lottery — On a Ticket He Almost Didn't Buy

A Michigan resident stumbled upon a life-changing $4 million lottery jackpot when his preferred game was unavailable.