#QOTD: What question would you really like to ask me based on Steve's last question that you've never asked me? Meaning: can you come up with an interesting question for me?
#Timestamps:
0:00 Intro
1:21 - What are ways some ways that media sites can monetize, other than ads and sponsored content?
5:31 - Roughly, what percentage of your business decisions are made from gut feelings vs. being backed by solid data?
8:31 - Do you prefer to be around people who are the same or different than you?
12:51 - Nationwide's CMO justified their somber Super Bowl ad by saying, "We weren't trying to sell insurance with this spot, we were trying to save children's lives." How do you feel about advertising such a somber spot during the Super Bowl?
16:07 - What is one question you're SHOCKED nobody has ever asked you before?
#LINKS
Submit a question: https://www.garyvaynerchuk.com/what-youll-need-to-get-garyvee-945936926.html
All of my strategy is completely intuition. Why? Because if you look at my twenty year career, most of it has been guessing, and, I'd like to think, projecting where the market is going to go. There was no data on what e-commerce would do in 1996. There was no data on email marketing when you were one of the first hundred people using it. There was no data on what Instagram was going to bring us in value when AJ sold Brisk Iced Tea an Instagram campaign thirteen days after Instagram launched. And...there was no data around Vine celebrities when I launched my Vine talent agency 110 days after Vine launched.
So from a strategy standpoint, I get the accolades and have the luxury of doing a show that people actually watch completely on intuition because that's what I have that other people don't have. It's no different than being great at basketball or being attractive or all the other good things that can happen in life. It was just there.
But, I do think data still plays a role. I make these predictions, but then to actually run the business you need to know what's going on. My practicality comes into play. VaynerMedia grew very quickly, and you don't do that if you can't make payroll, right? You obviously need that practicality to run a business.
I used to think I was a super 50/50 guy on this. My personality and communication style gets people's attention and put me in one place, but I take enormous pride in being able to shut up some times too. The first ten years of my career I kept my mouth shut. I built something and then I started talking.
So it's both. I built the data early in my career. I got into business and entrepreneurship early. But now I'm making calls on intuition. I need both.
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
Wine Library: http://winelibrary.com
Facebook: http://facebook.com/gary
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/ @garyvee
#Timestamps:
0:00 Intro
1:21 - What are ways some ways that media sites can monetize, other than ads and sponsored content?
5:31 - Roughly, what percentage of your business decisions are made from gut feelings vs. being backed by solid data?
8:31 - Do you prefer to be around people who are the same or different than you?
12:51 - Nationwide's CMO justified their somber Super Bowl ad by saying, "We weren't trying to sell insurance with this spot, we were trying to save children's lives." How do you feel about advertising such a somber spot during the Super Bowl?
16:07 - What is one question you're SHOCKED nobody has ever asked you before?
#LINKS
Submit a question: https://www.garyvaynerchuk.com/what-youll-need-to-get-garyvee-945936926.html
All of my strategy is completely intuition. Why? Because if you look at my twenty year career, most of it has been guessing, and, I'd like to think, projecting where the market is going to go. There was no data on what e-commerce would do in 1996. There was no data on email marketing when you were one of the first hundred people using it. There was no data on what Instagram was going to bring us in value when AJ sold Brisk Iced Tea an Instagram campaign thirteen days after Instagram launched. And...there was no data around Vine celebrities when I launched my Vine talent agency 110 days after Vine launched.
So from a strategy standpoint, I get the accolades and have the luxury of doing a show that people actually watch completely on intuition because that's what I have that other people don't have. It's no different than being great at basketball or being attractive or all the other good things that can happen in life. It was just there.
But, I do think data still plays a role. I make these predictions, but then to actually run the business you need to know what's going on. My practicality comes into play. VaynerMedia grew very quickly, and you don't do that if you can't make payroll, right? You obviously need that practicality to run a business.
I used to think I was a super 50/50 guy on this. My personality and communication style gets people's attention and put me in one place, but I take enormous pride in being able to shut up some times too. The first ten years of my career I kept my mouth shut. I built something and then I started talking.
So it's both. I built the data early in my career. I got into business and entrepreneurship early. But now I'm making calls on intuition. I need both.
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
Wine Library: http://winelibrary.com
Facebook: http://facebook.com/gary
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/ @garyvee
Hi Gary I just realize this is from four years ago, but my question is this. You are always so positive from what we can see, and I know that’s a big part of your personality. How do you deal when you are tired and or hungry, or frustrated with your staff. You have a lot of people underneath you, and I just wondered if Day-to-day you just had a time when you have done or said something that you regret? Especially to one of your staff whether you’re preoccupied or busy and the question is comes at the wrong time. Or someone does something that just rubs you the wrong way? The reason I’m asking is I’m a supervisor, and usually pretty laid-back but there are just days where it gets really hard can I just get frustrated with a staff member or someone asking the wrong thing at the wrong time. And then I may just pop off for a second. They are pretty open about Letting me know that I’ve done something wrong but not always. I guess my question is do you ever get mad?
QOTD: Do you have a blockchain R&D program at VaynerMedia?
QOTD Answer- This was a GREAT episode, loved it! My question is: I have heard you say a couple of times that you dont really plan way ahead since you are always adjusting to what the market is and how its behaving. Now, have you ever thought about what your plans are professionally or personally after you buy the New York Jets?
+GaryVaynerchuk
What's the more important strength of yours in building businesses (and how could someone cultivate or find someone with these strengths) your insanely good EQ or your ability to observe with patience where the attention is all the time ?
Hi Gary,
I was wondering if we were to pitch an idea to you, the bank etc… what would be the best way of going about it and do you have any resources that we can check out?
No interesting fact about the number 69?….