Today's video is a Q&A and a fireside chat I had at Palmer's Marketing and Sales Summit. I dive deep into the importance of having a solid social media marketing strategy for 2024, the new world of consumer attention and marketing in a 2023-2024 world. We also discussed AI and my thoughts on other emerging tech. This video is full of marketing tips to take your business to the next level, and I hope you enjoy it!
0:00 - 0:50 Intro
0:50 - 6:42 What changes are on the horizon for retail
6:42 - 11:38 The concept of day trading attention
11:38 - 13:39 Creative commerce
13:39 - 19:08 The impact of AI on business
19:08 - 22:37 Biggest mistakes companies make on social media
22:37 - 24:50 Finding your ways to use AI
24:50 - 28:56 Why you need to market your business every second
28:56 - 31:38 How to change people's minds about new technologies
31:38 - 36:00 How to Take advantage of new platforms and trends
36:00 - 38:48 The importance of posting organic content
38:48 - 43:35 Investing in emerging influencers & talent
43:35 - 45:12 How brands are using AI today
Thanks for watching!
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Gary Vaynerchuk is a serial entrepreneur and serves as the Chairman of VaynerX, the CEO of VaynerMedia, and the Creator & CEO of VeeFriends. Gary is considered one of the leading global minds on what’s next in culture, relevance, and the internet. Known as “GaryVee,” he is described as one of the most forward thinkers in business – he acutely recognizes trends and patterns early to help others understand how these shifts impact markets and consumer behavior. Whether it’s emerging artists, esports, NFT investing, or digital communications, Gary understands how to bring brand relevance to the forefront. He is a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, Snapchat, Coinbase and Uber.
Gary is an entrepreneur at heart – he builds businesses. Today, he helps Fortune 1000 brands leverage consumer attention through his full-service advertising agency, VaynerMedia, which has offices in New York, Los Angeles, London, Mexico City, and Singapore. VaynerMedia is part of the VaynerX holding company, including Eva Nosidam Productions, Vayner3, Gallery Media Group, The Sasha Group, VaynerSpeakers, and VaynerCommerce. Gary is also the Co-Founder of VaynerSports, Resy, and Empathy Wines. Gary guided both Resy and Empathy to successful exits – which were sold respectively to American Express and Constellation Brands. He’s also a Board Member at Candy Digital, Co-Founder of VCR Group, Co-Founder of ArtOfficial, Co-Founder of VaynerWATT, and Creator & CEO of VeeFriends. In addition, Gary was recently named to the Fortune list of the Top 50 Influential people in the NFT industry.
In addition to running multiple businesses, Gary documents his life daily as a CEO through his social media channels, which have more than 44 million followers and garnish over 173 million monthly impressions/views across all platforms. His podcast, “The GaryVee Audio Experience,” ranks among the top podcasts globally. He is a five-time New York Times Bestselling Author and one of the most highly sought-after public speakers.
Gary serves on the board of MikMak, Bojangles Restaurants, and Pencils of Promise. He is also a longtime Well Member of Charity:Water.

I Think the only thing that matters in the world is who's the best at gardening attention. The end. There's no other currency. It's how the whole world's always worked.

Mr Beast couldn't be a threat to Hershey's Logan Paul couldn't be a threat to Gatorade The influencer that I'm most worried about for you in the next 5 years couldn't be a threat to you because they didn't have enough scale to compete with you. You didn't have enough scale to compete with PNG and Unilever at that level. Now a single human can screw you all up because she can reach everyone for nothing. zero.

She doesn't have to run commercials and she doesn't need the retailer she doesn't need. Walmart Walmart is taking your money to give to people like her to seduse her to come into the store cuz they need her. Shit's changed. Attention is the number one asset.

What changes do you see on the horizon for for the way products come to? Market Um, first of all, thank you for having me. Uh, you know, my career really. In essence, besides the lemonade stands and the baseball cards, I sold all around New Jersey Growing up in this great state really started my dad's liquor store in Springfield New Jersey and in 1996 I launched Wine Library.com So I started direct to Consumer E-commerce wine business in 1996 and so that was on the back of a single Store retail store that I had at that point already worked in for the last seven years. I started working there when I was 14 so and apps and signage and customer count and moving.

This is one of there's a lot of reasons I say yes to things. We're so grateful for the Sasha relationship. I Really love really? what's happening in Cpg, you know I'm empathetic that people in Cpg may not like it because there is a lot of change like I mean right off the top I'm petrified about retail media like you're already paying enough in shopp or marketing and slotting fees and now they want you to run media on their sites like we're left with no money to Market right? Like there's Real Talk There's a lot going on and the reason I start here is I Don't think everybody I I don't I'm flattered if anyone knows who I am, but I I I'm setting up for everyone to know that since 1996 all I've ever been thinking about is Omni you know and so everything I built was from that and this agency is built really to be an operating system for my future private. Equity Behavior So I'm in this conversation deep.

I'm also very close to Logan Paul and Mr Beast and I think your biggest competitors are not the Proctors and the Johnson Johnson's and L'Oreal's it's going to be influencers. Humans are the next Frontier and I lived that already. I started a direct consumer wine brand called Empathy Wines 5 years ago and in 18 months I sold it to Constellation brands. For a nine figure exit like this, There's a lot going on here and so like, let's talk about it right? Obviously for this room, there's the realities of your actual day-to-day like and the retailer has all the leverage at least the big ones for the eight of you that are going to those, and then for the people you're managing in this room or partnering with underneath, there's a little less leverage when it gets fragmented into specialty stores and things of that nature.
There's really only two things that you know. really. there's many things, but at the end of the day of selling stuff, there's only two things this organization's doing. It's marketing and it's selling right.

and we're losing leverage on the selling front because the retailers have too much power and the big ones have way too much power. And that doesn't even get into the fact that Amazon is going to continue to take market share and they're going to take that first- party data and make decisions when there's enough critical mass to private label everybody. you think private label at big box stores are tough, wait to see private label from Amazon and the future of what's coming. which is you're going to wake up in a year or two and you're going to see that meta or Tik Tok bought Target And now what? Like what happens when you wake up in the morning and Facebook bought Target and now they're requiring you to spend your marketing money only on Facebook if you want those slotting? So there is something I Actually thought about writing a book recently called the Channel Conflict Wars which is predicting out what I think is coming.

which is we are in direct conflict with our retailers at scale and we don't have the leverage. which is why I started a marketing company the only thing in real life, not in the fantasy land that we all live in when it's in our vested interest that can allow this brand that is so iconic and you do have the trends going in your direction. And I do think the product has incredible permission to win in the changing landscape of the consumer. However, if this company is not able to effectively market and brand, it will lose no matter how epic this sales infrastructure that I'm looking at is.

because that's just real life and so you know in cliche talk. I'm so empathetic for the majority of this room because we we go so hard to make the selling happen. We have such cynicism to the marketing, right? They're look at all this money they're wasting I'd rather have that you know those dollars to get a couple more shelf space or this and that. But the problem is we're just digging our own grave.

So I think a real if we're talking real business, a big strategy in general is really understanding this opening sentence and even being more supportive in a lot of ways. I Tell a lot of sales organizations you've got to be supportive about what you're doing in marketing. and instead of being cynical to it or upset that we're allocating too much to it, when I can make more of it. You should realize that unless we achieve that, it's game over.

That's real talk. So what's going to change most of it? You know Tik Tok is going to effectively be a retail outlet. They're just going to follow what's happening in China Like it's done. It's already happened.
T You know the QVC ification of social media is here. in the next two or three years, the farm majority of this product's demand creation is going to come from human beings live on Tik Tok and Instagram or whatever pops up next like it's just different and it's really different. And so of course we can formulate better products. And yes, we are much luckier than other products where the trends are going in our direction to our product.

But unless this company is capable of creating consideration and demand to give us the leverage with our retailers, it will be tough sledding. They're going to keep taking more money from you. All right? On that note was like I got to look for another job little inside joke I Like it in all sincerity please. Some of the words you mentioned what we we're talking about here.

we have a unique difference from our key competitors. We talk about unever, We talk about Proctor and you're right. Maybe they're not the ones to worry about, but what we love about who we are is we're faster. We're more Nimble We're more creative.

You're not faster than a young woman that lives in Atlanta with 29 million followers. Correct, that's true and that's where that's where it becomes. This idea we've been talking about from the last day and a half is about unthinking and thinking differently. And how do we teach these teams? Because I'm I'm scared I put a dinosaur on the board and the guy in the right corner there is our E-commerce specialist knows everything and I'm going to sit with him and just keep learning.

Of course we all have to be Progressive that way. But the question I was going to ask you is around. how do how do you teach your team to go next level and think differently and to be forward by not incentivizing the short term. Another tough thing in the construct of what we've got here.

I'm empathetic to everything that's going on here, but it is the answer to your question. twoyear Uh, sales broker, right? But you know, yeah, you know what I mean like again I like am really trying to be in this room and say I understand I've been around the block my gray hairs are coming in. you know, like I'm a businessman like I understand to answer your question. The reason my world is always incentivized in innovating is because I don't build structures that in incentivize short-term kpis because when you're incentivizing short term kpis, you become too oriented on the transaction.

and I'm a Salesman so I understand the energy in this room the hell like you know you might not even be. You know, don't forget I also own and operate own my own businesses I'm not publicly traded I'm not trying to sell them. so I am giving a lot of care to 17 years from now I can't ask that of my employees or of any of you. You know how many people here are retiring within the next 17 years? Raise your hand real talk, you know.
Tough for me to say hey I really need you to give a about the next 17 years from now? Tough to ask that. So for us it's easy. My religion is also day trading attention I think the only thing that of course uh I think the only thing that matters in the world is who's the best at gardening attention. The end.

There's no other currency. Wow, it's how the whole world's always worked. I was born in the Soviet Union before I immigrated here and I'm 47 years old. So I grew up in Jersey in the80s.

Very captivated by the Cold War because that's where I was born. but this is where I was growing up and I was also a pretty poor student because I was really a purebred entrepreneur. But the one class I was good at was history. and now I understand why I was interested in pattern recognition.

When there's a coup in a country, at the same time, the army or whoever's doing the coup is going to the Palace to get the God. they're going to the radio station, the newspaper, and the TV station to control the message. All of the anxiety and unrest we all have in our country and in geopolitics right now is because communication has changed. We've gone away from the big platforms owning it, hence the governments, and now we have decentralization of communication.

Mr Beast couldn't be a threat to Hershey's Logan Paul couldn't be a threat to Gatorade. You know, the influencer that I'm most worried about for you in the next five years couldn't be a threat to you because they didn't have enough scale to compete with you. You didn't have enough scale to compete with PNG And you to her at that level. Now a single human can screw you all up because she can reach everyone for nothing zero.

She doesn't have to run commercials, right? And she doesn't need the retailer she doesn't need. Walmart Walmart is taking your money to give to people. People like her to seduce her to come into the store cuz they need her. Shit's changed and I think the energy I'm trying To bring to this meeting is we don't have the luxury of believing we're fast.

You're slow. I'm coming here with one agenda: the Deep Hope that the energy of the conversation makes you go faster and makes you go realer. We can't waste money. You are not in a position I Know this business well enough and the competitive set.

You were not in the position to waste one penny on marketing. and so that's what day trading attention is for me. What's the underpriced influencer? What's the underpriced platform? Last week Tik Tok Worked like this today. It works like that.

What Creative works there. Why Is organic social media the most important thing in business? Yet nobody's looking at it because everyone thinks it's an afterthought and a nice to have when it is the foundation of the competitors that are eating up the ecosystem. Sally In Atlanta Did start with a $40 million budget. she posted on Tik Tok and it went viral.
You need to do that that. There we go. Great stuff. Next one's me again, right? Yeah, yeah, and dovetailing from that.

It feels like there's this whole idea of Creative Commerce you and digital and you've got to be really present to do. what you said about the Tik Tok effect is take advantage of selling. That's right. So what's your thoughts on? Creative Commerce and all that that could mean I I Believe everything's always been the same Proctor and Gamble Let's use them outspent everybody at the right time on television to become Proctor and Gamble Do you know that Amazon outspent everybody? everybody on Google AdWords the first five years, which is why it's Amazon There are moments in time when there is underpriced attention and the best practitioners in it.

I'll use a real estate comp. Somebody bought all the beachfront property in Malibu At some point it wasn't yesterday, but 80 years ago, somebody made the right bet and they bought four or five acres there and that worked out 15. 20 years later, you were on the Fourth Street away from the beach, paying twice as much as she or he paid for Beachside 15 years earlier. it's just Arbitrage right? Some you know, slotting fees like private labels.

You know there's some Ogs in this room. The Cpg retail relationship looked very different in 1980 than it does today. We had 100 cents on a dollar to do marketing right. and so they took our money and SL plotting fees and created competitive products to us.

And that hasn't stopped. That's accelerating with all the data they have now, right? The data is really clean. This is why we have to build our own DTC capabilities not support theirs. Of course, we have to support theirs because we're in trouble if we don't but we have to milk every dollar.

We have to know who the customer is because they know every customer and we know very few, right? And so you know? Creative Commerce is to me like asking like, what do I think about oxygen that's you know, like yes, it is essential to live. Yeah, yeah, you know the next question is a little bit of a gear shift and I really like what we're talking about now and I I feel like in some ways, a brand like us, we're we're held hostage to some of those Shopper marketing programs and and and and slotting fees where we feel like we, we're not big enough to say no, you know, uh, you're not. Yeah And news alert: neither are the biggest companies in the world, right? Pepsi and Proctor and Craft. they're not big enough either.

When a retailer represents 30% of your business, you're in trouble. Well, just to just to talk about something else that you know there is a lot of change out there. and and you know AI right? That's what everyone's fearful of because we all don't understand it. How do you think that's going to impact creative selling or whatever? It's going to make it more efficient once people.
Once people start demonizing it and fearing it I was in. Actually, this is so incredibly fun for me. Wait to hear what I'm about to say I was in New Jersey in Union New Jersey at a Chamber of Commerce event in 1997 that looked pretty similar to the room I'm in right now and I said we were talking about this thing that they wanted me to talk about called the World Wide Web and I gave my Spiel the way I'm giving it now and with the same level of conviction and the same Jersey mouth and somebody raised her hand and said Gary but I was explaining like finding you know this was early web there's some kids in here like for some of us that are a little bit over 45 like the internet was like what is this like it was like crazy. kind of like the way you may feel about AI now like it's something but how what? and I was talking about a directory like search like you know Finding like if you remember for OG's the internet used to mainly be referred to as the information Super Highway It was predominantly known as a place to go get information and now it's obviously the foundation of society.

anyway. I gave my Spiel and a guy raises his hand and goes this is the stupidest thing I've ever heard he said Gary if I I was talking about if you needed to find a plumber in Jersey he goes if I need to find a plumber I'm gonna go to the Yellow Pages and and I said for now but you won't and he laughed and most of the people in the room laughed until they didn't and so AI were in a different place CU Now we have 25 years of technology and everyone here who laughed at the internet who laughed at email, who laughed at the iPhone who laughed at social media is like kind of understanding that they're wrong and so none of you right now are completely dismissive of AI Instead, we're now on the other side of the pillow. We're fearful of it. Is it going to take my job? Are the robots going to kill my kid like you know we? We've turned it into fear instead of audacity? The answer to the question is AI is going to do for us what the tractor did for us when 80% of us in the world worked on a farm.

There was a day when 80% of the human beings on Earth worked on a farm and then the tractor was invented and allowed us to do other things. AI is going to allow us to do other things. We are going to be able to do work that used I can make a deck in three minutes. Oh, and I used to cost me hundreds of thousands of dollars in employees in three weeks.

Now the question becomes what happens to those employees. They'll do other things. you know. This is what they said I mean the car was debated heavily.

Electricity my friends. I Don't know how many people like history. Electricity was demonized aggressively by humans. Most people claimed that it was demons running through your house.
So basically what I'm I just need even the people that are retiring and next 17 years all of you will be affected by AI for the rest of your life and in great ways like it will do your taxes for you and you don't have to pay an accountant the money and it will actually be right. And you'll get your full tax credits and it'll take two minutes. That's good. Pretty cool right as and the way you sit here and say really is the same way that people said 100 years ago that I can go to Australia within the day and that used to take a month.

The world's Moving Innovation doesn't stop in our lifetime and AI will be one of the most profound things that you ever see in your life and it will completely change all our lives. However, this company at this moment should spend zero minutes on it, maybe a little bit for internal maybe decks to each other to be a little faster. We need to talk about the first stop. This company needs to figure out how to be more relevant to more customers at scale within the money that it has to become a defense mechanism to the infrastructure of how their product is sold.

Marketing is the only way out which is like super hardcore because again I'm Marketing in sales and this is a sales like I get it but marketing is the only way out. I believe it's it's true Marke but but but but to the point of the joke of all this, you can waste all your money in marketing. you can't in sales and that's why we have the feelings we have. but marketing is the only way out with with you back do sales and marketing but you take it from you I'm the only way out you are follow I want to follow her.

You know so that you know social media is important and you know obviously that you know something you've been preaching to a lot of Brands and companies and I think that we've leaned on it heavily because we didn't have budget. so we actually maybe we're a little further. I don't want to back. but what? So what are some of the big mistakes you see companies make with social media not understanding how much science is behind it? The science behind the art? you know.

I post my content. My personal posts on LinkedIn are scheduled to the exact minute like I will post on LinkedIn at 9:07 a.m because more people will see it than if I post it at 906 and 908 and nobody thinks about that stuff. Wow I think about the first three seconds I think about the creative I All I think about is how the algorithms work to give me more reach to what I want and then I layer human psychology and then I layer my business objectives and then I layer that Kelsey and Taylor swifter dating. And how can I use that? You know pop culture and so you know I'm playing a game of ingredients I'm using pop culture I'm using platform reality I'm using science I'm using best practices I'm using human behavior I'm using business reality.
Um, so the level to again the hardest thing in the world to do in the world in marketing and I do it all is social media creative and yet it is deemed the easiest by every organization. And what what I mean by that I mean it's the thing that most people don't actually really care about. This is where you can outl flag your competitors, your direct competitors. The biggest companies many that we work with will take more seriously a 30-second commercial and spend more money on the catering of that 302nd commercial and the T& of that 32nd commercial.

then they'll spend on their entire year on social. which is why they're all so reliant on influencers because they don't know how to do it. And so my big take is that people, marketers, business people, salespeople like ourselves will go to a dinner table and we will have conversations about social media if we do on two fronts: one how it's ruining the country, two how it's ruining our children, right? So General conversation amongst people is they will literally have dinner conversations with gusto on how powerful this platform is, that it's ruining or how scared you are of it. What it's doing to the politics, What it's doing to politicians, What it's doing to the country, What it's doing to your children.

You will sit there the whole time on the on Saturday night with your best friends or your relatives and then you'll come in Monday morning and you look at it as the least most important thing in your marketing mix. I've literally had CEOs of companies who I do business with, especially when a lot of stuff was going on 3 or four years ago in America and they would yell at me for 10 minutes about how bad social media was because it's put democracy on the brink of its knees and then we would switch over to business once we were done with our opening cocktail and letting that person rant and they would then explain to me how social media can't sell their product the way that print can and I was like let me get this straight, social media is powerful enough to put democracy on its knees, but it can't sell lipstick. Get the hell out of here. That's great.

I'm just going to jump off script a little bit because you mentioned one one word in there. That is is what I believe we're about here and I I get made fun of for my Bronx New York accent coming out here. Human? Yeah, Humanity We we believe in this room. Our sales competitiveness is that we have better people, right? and I believe that deep in our heart and that's why they're here.

The key is to understand that Ai and all this other stuff still needs us to a degree 100% right? It still needs us so we've got to not be afraid of it and embrace it and Elevate our game with it. So any other thoughts on that? I'm I'm a full buyer of that. like do I believe at some point the robots can win I Do I Don't think we'll see it. but like if you told me in 200 years like robots or like dinosaurs, didn't think they were finished like you know things happen I believe in those kind of things I don't think In Our Lifetime And so that's exactly right.
A lot of you in this room did not move fast or hard enough on the internet, did not move fast and hard enough on social. did not move move. F I Mean some of the people here actually held on to their Blackberry three years longer than they needed to because you needed to touch the buttons. Yeah, that's right.

So what I would ask is to inspire. This is I agree with you. Like again, a robot is not going to a specialty retail store that has 15 units in Ohio and placing the order. It's not coming, not any time in your career.

so you need to figure out how to use chat. GPT to type in how would you sell to a this is literally something you could do with AI Hey chat GPT How would you sell to a cliche third generation business owner who owns 40 drugstores in California Like do you understand that it will spit out stuff and may say one thing that you may just try on a phone call. Being a human and it might work. Use the weapon.

Here's how I always thought about technology. It is the biggest tital wave coming that you've ever seen and we've got one of two decisions. Grab a surfboard and run it, put your head in the sand and pray and the second one is not a good outcome and that's what I think about AI for you find your way to use it great thanks Uh, anything else from you back or a question and answer, just just a quick one because in leaning into social media and and how you know those, those those influencers have all the power right now we've had success with great influencers who have organically mention us and we and those are fun I Don't want to say they're the only successes we've had, but we haven't been able to replicate that I Think about this a lot. My So: I'm I'm writing a new book about what I'm talking about.

This is why I'm so in it. Right now it's called Day Trading Attention and the thesis is what we're talking about. But it's also that we've never been a time in marketing in the last 100 years where you can steal it or you can get murdered, right? right? Think about the analogy that just happened. Influencers is a big one for me that I talk about in the book.

It's what you just talked about. You might wake up this morning and like something Good's going on. You're like what's going on and then you finally figured out by midday that a single human made a single video and good things have happened and you paid zero. Then you're all excited.

You're like, all right, let's like milk this and you go out and try to find other people that seemingly look like that person, right? and you give them money and nothing happens. And there's confusion And the confusion sits in the day trading of attention. Which means every the reason I use day trading is you know there's two different ways to invest. You invest like me, which is you make a you make different big bets and you go to sleep and you know that your grandkids are going to be happy or unhappy with you.
or you day trade and you're making it in the margins hour by hour and both for different ways to do it. Marketing used to be the other way. Nine months we're going to compl. You know we're going to plan the campaign and we're going to pray that it works out.

and now it's If you are not marketing every single day someone's out flanking you. It's hard and I'm empathetic like I don't by the way I wish it wasn't like this I wish I was Don Draper I wish I was chilling in Midtown drinking for four hours coming up with a slogan and you're thrilled with it. That would be a great life and just not the reality of what we live in. you know? And so I think that um I think that influencers are something you have to figure out.

It's why I bought a publishing company I Actually think advertorial is something people should be doing more of I Don't know if you know what green screening is. It's when you see people right. you've seen it. like I see some people shaking.

But for the ones that don't know in Tik Tok or Instagram you see a person talking but in the background it's like a headline. I Think you should be buying advertorial. you should definitely connect them to. Gallery Media Group because when you're writing your own.

oh, got it good. Thank you. Oh, that's right. I'm sorry, that's right.

Um, that's going to work. You're literally writing the headline You want people to know and then you have a human endorsing it. That's pretty good, you know? And so like you know, there's a reason the FTC is starting to get really involved with influencer marketing. Like you're going to start seeing content the year from now of like big red ad because it's just you know.

Their concern is do customers know the answer is no. It's so seemingless. The the marketing right? It's not a commercial, it's not a print ad. it's like and so there's a lot going on.

but Influencer is a place you got to keep hacking at you. You becoming the influencer though, is the Holy Grail What I do for a living right now is trying to get you to be the in a place where you're not at the mercy of the influencer and not at the mercy of the celebrity and not at the mercy of the retailer. That is my obsession. and that's what needs to be your obsession.

Otherwise, it's going to cost you more money to do business right? And that's why marketing is it Like you just have to be as great as if you have a dollar. Like how do you make it work right? You know a lot of times in this scenario people like Gary we don't have the I'm like good news your competitors that are spending 18 times more than you are wasting every dollar. So if you spend your dollars properly you can actually grow. That's why Brands grow.
That's I Don't to explain anybody here, you're in the business like many Brands get big with less budget. They did the right thing. Money is not the variable, otherwise there' be no new brands. Open it up.

Yeah, all right guys, we're going to open up to some questions. Uh, anybody out there have a few I Guess we should pass the voice um when you mentioned talking about Ai and you used a a noun there that I didn't think I'd hear you say because the majority of humanity is very fearful of AI Yes, but then you used in your sentence you said use it as a weapon. That's right. Okay, how do you change Humanity's mindset and not consider it as a weapon and embrace it so that it is a more positive element.

Pain: People that are ideologically set in their ways, which is 90% of humanity only adjust with pain. Almost every one of the people that calls us to do business are in trouble. MH I'm selling the truth. The rest of the marketing world is selling yesterday and the only time we get a phone call is when they have a problem.

The only time people innovate is there's a small group that it's in them and they win and everybody else gets on board when it starts to hurt. When I was running around saying that Facebook was going to be enormous in 2005 I got laughed at you know what I called it the grandma effect when I was trying to explain why So I'd get you know I do my Spiel I' get my feedback and I'm like do you know what the grandma effect is and of course they didn't because I made it up. They're like no I'm like do you know what's happen this is 2006 Facebook just to give people context, whatever your journey was with Facebook I said do you know what Grandma's like I'm and they would say what I would say they're grandchildren Okay so we agreed I said do you know where every picture of a grandchild is going right now for the people that actually have children that were just born Facebook and that's exactly what happened. Grandma said I don't need Facebook until she did.

Your blackberry was good until people were out flanking you or doing things on their phone. Called the iPhone and were on the internet and you were like sitting there saying what's going on. pain like whe Here's what's going to happen with the AI conversation. A couple people here are going to get inspired by this talk and go on the offense.

Everybody else is going to think they're going to do something, but they're not Mhm. They're going to chill and then when they feel the effects of it, they'll adjust. It's the history of man. point.

Four years ago we were here the same group Tic Tac was not part of the conversation. so thinking about your point as over investing in what's up and coming? Is there anything that you have your eye on that you think is the next big Frontier So a point of clarity thank you. My point is not to overinvestment. My point is to invest in today.
The business world thinks it's tomorrow. That's where all my Delta is Tik Tok's not tomorrow I think you should spend 60% of your marketing Budget on Tik Tok today all of it like 60% of like the whole thing, maybe 80 Becky you know, like and by the way Becky is amongst every other marketer on Earth that would think that is that it wouldn't even cross one's mind. It's not how it works, it's very hard to make that jump. My point is Tik Tok's not tomorrow.

The answer to your question is I have no idea I don't predict I'm not Nostradamus I know my track record I know why people follow me but I'm just talking about today I'm just lucky that the world is stuck on yesterday. I didn't know Google AdWords was going to change my life. they came out I played with it the first day and I took my dad's liquor store from a three to a $70 million business business in four years with no money. you know, you know it just I don't know what I you know the second I saw Tik Tok it was musically when I saw it I'm always paying attention you know but whether it's be real and then I'm like nah.

whether it's you know, like I'm watching everything I look at the top 100 apps in the Apple Store every morning when I wake up to see if anything's spiking and the way I found Snapchat and the way I found musically was it was there before anybody was reporting on it and after it was there for 4 weeks I'm like something's here I download it and now I have so much pattern recognition and I understand human behavior naturally and now I've done it for so long I have a good feeling often is this sticky or is this a two week thing? but I don't speak about it even if I mean when I saw Snapchat I'm like this is it because I knew I know that high school kids don't want their parents to know what they're texting wasn't super complicated like here's a good value prop. You don't want your mom to take your phone to see what you've been talking about, so use Snapchat so she can't pretty easy to understand that was going to be valuable to kids you know and so you know I think but I didn't talk about it for a full year, you know I don't I don't want to guess because it would undermine my reputation but I'm in everything always and so the answer to the question is it's in the nuances right now YouTube Shorts is very good and underpriced because YouTube is the second biggest search engine in the world and so we can win twice. Where we with with Tik Tok We can only win once we post Boom Yeah, there's some searching going on. youve probably seen headlines.

Jenz uses Tik Tok to search I Get it? Yes, YouTube is way bigger and so the same video on YouTube. If it does well, you might also get work from that asset for the rest of the year, especially if you go into how to and things that people search. So we train at Sasha and Vayner Media make the content that you want to make, but on the back end title it for search even if it's not directly correlated to the video so that we win the search game. you know those are things I Think about.
Then it's also the other thing I Think about strategically is media and creative together against a business result? So one of you opens a new account that's meaningful and we're being tested for nine weeks and it really matters. I Want to run Media and Creative in a 5 mile radius of all 41 doors? So getting sales and marketing to team up more specifically against truth of Business is very passionate. part of this for me as well. right? You get? Uhoh, you got a nasty phone call today.

The buyer of XYZ says if you don't buck up, you know what do we go to pour money into Shopper not me I want to not do that? that? just gets us further down the path of our death I Want to run ads on Social on a 1 to 2 mile radius of the 29 locations we need to fix so it starts to become Surgical All of our media to that point Can you guys hear on this one? Yeah good. Go ahead. all of our media to your point goes to to retail, sometimes more more targeted. Um, you know we don't drive to our D Toc with Social Organic, you know we don't really have uh each day we link one of our posts one of our retailers and try to give everyone a little love because we found that that's a real great selling point when we're our retail partner saying hey, we are driving all this organic traffic um in addition to Media to uh, your site but if and we we've started doing these static images called you know we call them shelfy shots and we get more engagement on those organic shelfies than you know, some really some assets that we spend a lot of time on.

So I guess I'm I'm trying to understand. Is there a better approach than just picking every day? you know which retailer like a strategy behind it to make it more impactful. Post more and make the more point to your DTC to our DTC versus the make the more make more content, make more content so don't replace your content with for the retailer because that's working for you in the shortterm vulnerability that you have. but add more content output to your mix.

I I Have ready for this. Gary V Me: How many people here consume somewhat consume some of my content on the internet? don't you? don't? It won't hurt my feelings I'm just getting a sense. Okay, so for the ones that raised their hand, I have 29 fulltime employees on my content. That was all you.

You know it's all. It's all me on the copy. yeah, it's all me. If I reply it's always me.

Nobody acts as me. But I have 29 full-time people that work on the post. Edit: the strategy. the analytics: I'm a human I'm a human being I have 29 full-time people on social media organic content Wow that I pay real money like it's not free I don't know what to tell you I could I could have literally walked in, said that and left and for the most bright in this room, they'd realize the punchline of the conversation: a human is allocating dramatically more output than you are as a company.
Yeah, so the answer your question: you need to put out more stuff whether with Sasha with yourselves I don't really care and a lot more of it needs to point to your DTC cuz all I heard when you're doing stuff for them is you're funding your enemy? Yeah, thank you. First of all, nice to meet you as a fellow 80s Jersey baby. Where in Jersey did you grow up? Uh Park Ridge I Love it North I know it I did so much direct mail for the first 10 years of my career in New Jersey I Know literally everybody you know how Jersey is right. They're like I'm in Bergen County I'm like where or I'm in mammed County I'm like where they're like oh it's cold snack I'm like I know Delicious Orchards one of the things I I've you know find I've seen the power of um, Twitch streamers for myself and I was wondering.

You know, it's kind of hard to convince people who don't know who Logan Paul are don't know some these people are. You know in these spaces do you see saturation? necessarily in the beauty influencer space and an opportunity as white space for Palmer or a beauty brand to, you know, to really Embrace things And gaming streamers And people that have these kinds of influence that might be a little bit out of our normal box of thinking? Yes, it's underpriced attention and it's the exact demo if you look there. So female gaming Gamers and streamers are an incredibly fascinating category and they over indexed to the demographics that I heard on the end here of a mixed families and like it's just incredible how many Latin X mixed Like it. Like it.

there's just. you know. it's one of those things. It's they're over indexing.

Now the problem is, the good ones are compensated in real. You know this if you're in it. like if you tell a bunch of people that don't know and they're like oh this little girl who's like playing video games on Twitch like let's get it, how much is she and they're like and you're like 400,000 for a week and they're like what this goes back to people just not knowing what's happening. So this game in day trading attention is Charlie demilio and Logan Paul and Emma Chamberlain that ship is sailed.

All three people I mentioned I spoke to when you could get them for a hundred bucks. You need to be in the business of emerging talent because you can't afford real talent and emerging Talent is remarkable cuz like yourselves on the human sales team and the product itself because it's the right. One of the fun things to come to this is: do you know how rare it is to actually have a great product? like you have it easy right? Like like you have a competitive advantage on just the product. like you're halfway home so you know you need to win on a merging? Talent Yeah, Emerging influencer, Somebody who has 40,000 followers who might just be happy for free product I would use product all day long I would just ship it everywhere like again.
Back to another thing. I'm building now currently on my belief on this: I'm now up to seven full-time employees who I pay very handsomely especially the top three who are just mapping the 40 million people that follow me and putting them one by one into a CRM shirt size shoe size. Favorite foods like a database that so bananas cuz that's the weapon. That's the weapon.

When I decide to get into another business and I can click one button and have 47,000 people that like bananas and I have their address I can sell my bananas to them and when I say sell, give them the bananas with the hope that 3% of them post because that Arbitrage against my costs will create enough demand for what I'm trying to accomplish. humans are the next social media I'll give you one that I would do at scale with your product I would do a lot more Live Events where people can get the product trial and I would film it because people will come up to your booth or your activation and give you endorsements and then you can chop that up and use it on social. So the content that you're recording at the event is worth more than the cost of the entire event. It's almost like the event is free.

It's turning an event into a production facility and it's the best content that will work on Social. So it's 10 times better than a shelfie. So so you put on an event at a you know right? it's a it's a Beautyon Yeah, yeah. but you know to that point if you filmed every second of Beautyon and left with 912, you know, ads social media posts for the year that made the BeautyCon investment 10 times better.

Yeah, that's great. And then again, let's talk business. Uhoh, we're losing at Publix in Florida Well, let's do a pop-up event in Florida You know, maybe even in their parking lot I Don't know? Like you know what I mean like you can get you can do bubble I'm obsessed with bubble gum and tape. You know this stuff doesn't have to be fancy.

You can always be from the streets of Jersey you know? question? Uh, in this scary phase of AI that we're in right now, are there any brands that, um, are leveraging AI in a smart way that you could share with us internally. A lot of companies are using it again to make decks like all this internal. The reason no one's doing the external is all the biggest companies in the world. Know that there's huge Ug GE litigation Brewing on copyright and trademark right? If you were Brands know that they can make a 30-second commercial right now in AI in 2 seconds.

they don't know where it came from and they don't want the litigation. So we probably have a half a decade worth of um, misunderstanding and Clarity needs before we get true. You know law, This internet 96 to 2001 was scary for me because we didn't have the Internet act in 2001. The blockchain Nfts is scary for me right now cuz I'm waiting for the government for clarity.
AI is going to be the same so you won't see Brands go too crazy just yet cuz they won't use it for Content cuz they don't need a letter from Disney saying this inspired by Mickey Mouse you owe us $400 trillion. You're welcome. What time is it? it's Julian what the I got I Got to get the hell out of here I'm so late I Got to go Thank you so much You.

18 thoughts on “Social media marketing strategy for businesses in 2024”
  1. Avataaar/Circle Created with python_avatars ShubiDoobyDoo1 says:

    Love your content fam! Keep it up! Can't wait to see what else you make in 2023! 👟🔥🎥

  2. Avataaar/Circle Created with python_avatars Caroline D'souza says:

    Loved watching this, very insightful.

  3. Avataaar/Circle Created with python_avatars Mar says:

    Thank you for giving us this content for free

  4. Avataaar/Circle Created with python_avatars Angelina Aadams says:

    Love this Gary! Thank you!!!

  5. Avataaar/Circle Created with python_avatars Malinowski says:

    the blonde is a straight bobblehead

  6. Avataaar/Circle Created with python_avatars Kevin St. Clair says:

    "Attention is the #1 asset."

  7. Avataaar/Circle Created with python_avatars dante newyork says:

    If anyone knows how to make a dope deck in three minutes – please list the tools 🙂

  8. Avataaar/Circle Created with python_avatars Mehvish_Kasu says:

    I Just love it man 😻

  9. Avataaar/Circle Created with python_avatars Nick "Deacon Z" Cifonie says:

    Gary is always saying "tik tok tik tok" but it's fine for makeup, but for so many types of retail businesses, it's not feasible. For example… a tool/equipment rental place or locksmith? How?

  10. Avataaar/Circle Created with python_avatars hey Simmone says:

    Very inciteful!

  11. Avataaar/Circle Created with python_avatars T.Y. SELECT MEDIA says:

    That mic 🎤 so crisp I can hear every sip of coke 😂

  12. Avataaar/Circle Created with python_avatars Marc Trainis says:

    As a 55yr old in sales, this is gold dust.. educational and so much more.. I have a question.. how do you think AI will affect content production? And when do you think it will influence this?

  13. Avataaar/Circle Created with python_avatars Patrik Matheson says:

    Julie wtf lol

  14. Avataaar/Circle Created with python_avatars Andromeda says:

    Love it

  15. Avataaar/Circle Created with python_avatars Daniel O'Morrow says:

    and THAT was a masterclass in Kind Candor. bravo, @GaryVee!

  16. Avataaar/Circle Created with python_avatars Stevie Wanderer says:

    The second that woman said "overinvest" in emerging media, i knew she just doesn't get it. And Gary latched on to it as well.

    Blondie on the left is listening in complete amazement … Mesmerised!

  17. Avataaar/Circle Created with python_avatars Stevie Wanderer says:

    Sold empathy wines wines for 9 figures – that's at least a 100 million. Gary's brand building prowess is phenomenal. And almost unbelievable!

  18. Avataaar/Circle Created with python_avatars Alexandru Dragan says:

    I think the future is reserved for those who cherish people and their businesses. A genuine interaction and a really, really genuinely caring about your customers business and wanting to help them is 💯 key to succes.
    On the other hand, if you treat a customer like they need you, when the time comes that they won't need you, they'll remember how you treated them.
    Day trading attention as a concept is amazing. I would add "day retention of attention" because while you can use some techniques to attract business and clients, you also need to keep them on board. As Don Draper used to say, the day you sign a client is the day you start losing him.
    I am grateful for team& Gary for providing such amazing content, many thanks ❤

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