8 Minute Rant on How to Do Marketing The Right Way

12 Sep 2024 · 8 min

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The GaryVee Audio Experience: Episode Summary

Episode Title

8 Minute Rant on How to Do Marketing The Right Way

Episode Description In this episode, Gary Vaynerchuk delivers an eight-minute rant recorded during his trip to Dubai, focusing on effective marketing strategies. He emphasizes the importance of aligning marketing efforts with consumer attention and the necessity for creative agencies to produce a high volume of content daily.

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Key Themes and Discussions

  1. Consumer Attention in Marketing
  2. Main Argument: Advertisements should be part of the content people want to watch, rather than interruptions.
  3. Super Bowl Example: While the Super Bowl is a significant advertising event, Gary questions the return on investment for high-cost commercials, emphasizing:
  4. People watch content, not the ads.
  5. The effectiveness of ad spend needs scrutiny regarding actual consumer engagement and purchasing behavior.
  1. Creative Agencies and Content Creation
  2. Volume of Content: Vaynerchuk advocates for creative agencies to produce 40 to 70 pieces of content per day:
  3. This approach is not widely adopted by larger brands but is successful amongst small businesses and entrepreneurs.
  4. Agency Culture:
  5. Many creatives are stuck in a cycle of lengthy meetings and delayed outputs.
  6. There's a disconnect between the creativity in agencies and the fast-paced demands of social media.
  7. The creative process should focus on real-time engagement rather than delayed projects that might not resonate.
  1. Feedback Loop and Creative Freedom
  2. Importance of Feedback: Gary emphasizes the need for creatives to be open to feedback from consumers and adapt accordingly.
  3. Ego vs. Humility: Creatives often seek prestige but may feel stifled in traditional agencies. He contrasts this with VaynerMedia’s culture of humility and direct feedback.
  4. Creativity and Consumer Insight:
  5. Creatives must remain engaged with their audience to truly innovate.
  6. They should not work solely for accolades; effectiveness in marketing should be the ultimate goal.
  1. The Future of Advertising
  2. Shift to Social Media: Traditional advertising methods are vulnerable as digital and social channels evolve.
  3. Modern Communication Planning: Gary discusses a new approach to media buying that focuses on real consumer engagement rather than just reach and frequency metrics.
  4. Critical View on Metrics: He criticizes current reporting standards, highlighting that many metrics are misleading and do not reflect actual ad consumption.

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Key Takeaways

  • Ads as Content: Marketers should create ads that people want to watch rather than traditional interruptions.
  • Content Creation Commitment: A high output of content is crucial for staying relevant and engaging with consumers.
  • Engagement Over Prestige: Creativity must be driven by consumer interaction and market trends, not by the desire for recognition.
  • Evolving Landscape: The advertising industry is undergoing significant changes, with a strong shift towards digital engagement and a reassessment of traditional metrics.

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Conclusion In this rant, Gary Vaynerchuk passionately advocates for a transformation in marketing strategies, urging creatives and brands to pivot towards producing content that resonates with consumer attention and engagement. As the landscape of advertising continues to evolve, embracing these principles may be essential for success.

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Transcript

Automatic transcript. May contain errors.

0:00The Super Bowl is the number one ad I believe in the world. It's a television commercial. And it's not even that I don't think people watch commercials. People watch commercials. It's the cost associated with making a commercial in return for how much is consumed and do people buy shit. But all these commercials are being made for what? People watch the content, not the thing that interrupts you from the content. That's just the way the world works. Which is why ads have to be the content. You have to make shit people want to watch. There's not a single creative agency that of the great 30-40, which I have incredible admiration for what they do in making a television commercial.

0:37The problem is if they ever took those talents and refurbished them to understand how to make day in and day out creative work in social, the talents that all these creative agencies would have a much better life, they would enjoy it. Could you imagine being someone who's creative, sitting in nine months of meetings and then a year later, like seven months later, seeing a television commercial and seeing a speck of what you thought in it, 16 months to get... To get to something that doesn't see the light of day and ends up on the cutting room floor. You know, they didn't grow up the way these guys think about creativity.

1:10They think that's normal. And watching creatives come from really great places and work for us and have that epiphany 18 months in, it takes literally a year and a half just to reframe it. And then in reverse, the amount of creatives that have let Bainer the last two years that were homegrown, that worked there for six, seven, eight years and decided they needed to scratch the edge of going and working at something else, taught the insanity of like, it's really interesting to talking to them because I talk to them. This is how I get my insights. Yeah, when they leave. They like that they're put on an ego pedestal.

1:47At Vayner, if you're a very seer creative, there's a humility. It's the same way I work. It's the way, because everything takes on the face. When Dustin's in the lounge, just are saying, hey, can I tell you the truth on my feedback here? it's like laughable to me that we've spent this much time and he still has to hedge him saying, I don't like that content from you in a world where I'm completely detached from my own content. Yeah, and you want the feedback because you want to know the insights. I also see the results. It's not like he's so profound. It's not working. Yeah. Like it's not me or him.

2:17The question was only posed to him because it's not working. It's a commitment to giving a shit about the audience, not me or Dustin. So they like going to a place where they're being put on a pedestal. They love being fancy. They say to me directly, people that have been grown at Vayner. Yeah, they're like, we like it, we get the prestige in the title. I like the prestige. I like that I walk around and everyone kiss the ground that I work on. But real talk, it feels super weird to not do anything. They're not operating in the field. They're not close to the consumer. No, it's just like it takes me a full year to do one thing.

2:46I've come from a place where we make and I get to see my idea. And that corrodes at the person's creativity. I wonder what they thought of when you said that we at the agency, our goal is to create 40 to 70 pieces of content a day. They don't hear that ever in the region. Ever, Gary, ever. They don't hear it in America. Every region. Nobody's made that commitment yet except for small businesses and creators, entrepreneurs, small businesses. But the Fortune 500 landscape is only hearing that for the first time by us. And it's working. I don't say that everyone's gonna look like us out of anything other than it's working for us and people copy what works.

3:26you know what I mean? Like that's just gonna be the case as we continue to win market share people are gonna adjust to what everyone does. That's what business does. You adjust to reality. It's listening to what the consumer wants and then doing that. Right but and I do respect the counterpoint to that which is like the Henry Ford thing or the Porsche thing I don't know who exactly said it but you know if I listened to my consumer I would have made a faster horse. I do believe in that. I you know To me, it's not doing what the customer wants. It's making what you want where the customer's paying attention.

4:02In the format. To me, this isn't like, what do you want? I don't make anything based on, I take the feedback. It affects my creative process, all the comments. But it's not about like, what do you want? Like what they want for me is garage sale videos. I can just make that all day long. It's not that. it's not having ego and staying curious. Like, I don't know how these agency creatives continue to think that their worth is wrapped up in making a television commercial in 2023. By the way, the Super Bowl is the number one ad I believe in in the world. It's a television commercial. There's anomalies.

4:45There's tiny enigmas. There's little weird blips. but 365 days a year, 8 billion people and it's not even that I don't think people watch commercials. People watch commercials. It's the cost associated with making a commercial in return for how much is consumed and do people buy shit? Because I don't care about the prestige. That's good for the actor that's in it. Did that make you buy Coca-Cola? Okay, what the fuck are we doing here? this is marketing to make shit happen I don't do content for any other reason than to impact people positively or create something that I want to happen in business the end there's only two things, one's very selfish one's very selfless and I'm incredibly comfortable in that environment I would never make content if I didn't think all the people that stop me and say thank you or they buy empathy wines, like it's gotta be one of the two, but all these commercials being made for what?

5:47You know how many agencies make commercials completely based on they want to meet the actor that's going to be in the commercial? They literally pitch Michael B. Jordan. Michael B. Jordan is pitched at every commercial because every human wants to meet that motherfucker. Because he's the best. I'm obsessed with him. He's the best. I'm not going to pitch Michael B. Jordan to this coffee brand because I want to meet Michael B. Jordan. I'm going to do something that's actually going to sell his fucking coffee. I know. I watch it every day. the industry's incredibly vulnerable. It's gonna be such a major change in the next 30 years.

6:24It doesn't even exist. Connected TV's gonna eat up all commercials. It's all based on social media proxies. The way you plan, we're doing a very substantial thing called Modern Comms Planning. It's similar to our sock and pack on the media side. I don't talk about the media part a lot because for most of my audience, they don't have a million dollars to spend on advertising. So it's not relevant. But I'm going to more because I'm going to stand up this principle. Which is? Which is the way every brand buys media is based on reach and frequency. How many people will this reach? How often will it be?

7:04Makes all the sense in the world. If I reach you 13 times. Those are the two barometers that have always been legacy in the industry. The problem is all the reporting is fake. What do you mean? means it's just not true. Like when websites say, well, this is how many people it reached, it didn't. It's not actually being consumed. Don't tell me how many people went to your website. Tell me how many people consumed the ad. Or watch the video to the end. Like I said earlier, the Oscars were up 18.5%. I'm like, cool. And? Because what you're alluding to, my team, is that the ads did better. And I'm telling you, they did worse.

7:39Less people watch the ads this year than last year. How do you know? Or what makes you say that? Common sense. Okay. And what did they say when you said, this year than last year, one more 70 year old now looks at their phone door in commercials and one more 15 year old entered the pool of watching the Oscars that never even thought about consuming commercial. People watch the content, not the thing that interrupts you from the content. That's just the way the world works. Which is why ads have to be the content. You have to make shit people want to watch.

8:19I'll see you next time.

From the publisher

In this episode, join me for an eight-minute marketing rant recorded in the back of the car during my recent trip to Dubai. I talk about the importance of focusing on where the consumer attention is and making content and ads in those channels, why creative agencies and brands need to produce 40-70 pieces of content a day, and much more!

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