In short
Podcast Summary: The GaryVee Audio Experience
Episode Title
The Exact Framework for Practical Social Media Marketing, Building a Community, and the Scalable Content Model
Episode Overview In this episode, Gary Vaynerchuk shares a comprehensive framework aimed at small to medium business (SMB) owners for achieving social media success. Key themes include the importance of volume in content creation, providing value to customers, and leveraging often overlooked platforms to scale businesses effectively.
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Key Concepts and Discussions
Introduction
- Gary announces an investment in a startup called Stan which offers tools for creators and entrepreneurs.
- Emphasizes the need for effective tools to maximize entrepreneurial ambitions.
Audience and Participants
- The episode features discussions with various SMB owners from diverse industries, including dental, restaurant, and tech sectors.
- Participants share their backgrounds and current challenges in their businesses.
Main Themes
- The Power of Volume
- Key Insight: Volume is a crucial weapon in social media strategy that many businesses overlook.
- Importance of creating substantial content to maintain engagement and visibility.
- Relentless Value
- Businesses must focus on providing continuous value to customers to stand out against competitors.
- Gary discusses the significance of understanding customer needs and addressing them effectively.
- Underutilized Platforms
- Gary highlights major platforms (e.g., Quora, TikTok) that businesses might be ignoring which could help them scale effectively.
- Encourages participants to think beyond traditional social media platforms.
- Content Creation Framework
- Gary provides a framework for creating pillar content and repurposing it into micro-content for various platforms.
- Emphasizes the importance of post-production and adapting content for different distribution channels.
- Engagement and Community Building
- Suggests building a community around the brand through Facebook groups and targeted local marketing.
- Discusses strategies for creating authentic engagement and fostering a loyal customer base.
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Audience Questions and Insights
Content Creation Challenges
- One participant struggles with being the bottleneck in content creation due to their role as a dentist.
- Gary's Advice: Repurpose existing content; leverage collaborations to enhance the content funnel. Consider hiring animators or content specialists to relieve bottlenecks.
Competing with Big Players
- An SMB owner discusses entering a market dominated by large companies.
- Gary's Perspective: Encourage underdogs to be bold; poking fun at competitors can create visibility and relevance. Emphasizes the importance of knowing the market and positioning.
Balancing Personal Challenges and Business
- A participant shares personal struggles with a family crisis while running a business.
- Gary's Take: Prioritize family time over business to avoid future regrets. Highlights the importance of mental well-being in leadership.
Building Unique Products
- Another participant discusses developing a new tech product for vehicle security.
- Gary's Suggestions: Focus on creating engaging social media content that showcases the product in unique and humorous ways. Utilize influencer marketing effectively.
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Actionable Takeaways
- Volume Matters: Increase content output to enhance visibility.
- Provide Value: Consistently offer value to customers to build loyalty.
- Explore New Platforms: Don’t overlook emerging platforms; they can offer unique growth opportunities.
- Repurpose Strategically: Use existing content to create diverse micro-content for various platforms.
- Cultivate Community: Build a community around your brand to foster engagement and loyalty.
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Conclusion Gary Vaynerchuk delivers a robust framework for practical social media marketing that SMB owners can implement. The emphasis on volume, value, and community engagement serves as a guide for entrepreneurs looking to navigate the complexities of social media successfully. The episode encourages listeners to take actionable steps toward optimizing their marketing strategies and leveraging new opportunities.
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This structured summary encapsulates the vital discussions and insights from the episode while providing actionable takeaways for listeners.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00Podcast nation, before I get you into today's podcast big announcement. As you probably heard at this point, because I had John from Stan on the show, I'm an investor advisor to an incredible startup called Stan, Stan.Store. I'm sending you right now to GaryVee.com, GaryVee.com slash Stan. Go check this out. We've done a GaryVee Stan Store Challenge, which actually has a weekly call with me. This is built for everyone who's been affected, honestly, by my overall content. the tech stack all these features and the minimal costs per month that stand store has built is really the tool that was needed for this world that i envisioned when i wrote crush it when i wrote crushing it and this overall thing i'm thinking a lot about lately which is the individual empire right this this creator entrepreneur slash entrepreneur creator economy that i think is going to eat up the oxygen very honestly the thing that so many of you want in your life and the reason so many of you are not there yet is you've got the strategy for me.
1:01You've got the ambition within yourself, but you don't have the tools for you to fully maximize it. And I believe you can find that at Stan's store, stan.store. But specifically, I want you to sign up for it through my challenge because I want to get access with you. And plus there's a bunch of cool things. So if you want to go see those cool things, go to garyvee.com slash stan, S-T-A-N, now to the podcast. This is the Gary Vee Audio Experience.
1:55How's it going? Good to see you. Donald, Lymec Capital. Mortgage broker with a B2B bottle in the Bay Area. You met Russell a few months back. Yes, I remember. I remember. Good to see you again. Good to see you. Billy Richardson. I'm in the restaurant business in Las Vegas. Very nice. I've got four little restaurants and ruined my brands out. How long have you been doing it? 12 years. Good for you. All in Vegas the whole time? All in Vegas. Well, and then we had 10 outside and then COVID. Yeah. Of course. Tough. Yeah. pleasure thank you Ian Matthews from Washington D.C. and I'm here with David we same company building on what he said smart devices for in the car security business so it's a connected car alarm understood real pleasure Gary Paul Robillo long time yes long time brother 2009 yeah really good to see you yeah three time founder all the investment space and I want to build something else there and that has a bunch of URLs that I've been upwiring that I'm going to talk to.
3:00I love it. I love it. Monique Frown. I run an organization that teaches life skills. I also work in film and television production, a little real estate investment and brand development for my husband's legendary career and film entertainment entertainment life so it's great to see you again great thank you great anybody else joe nope that's it good we got a nice small group and we can get we can go very deep today so let's take advantage of that so let's go back around and this is the time to get very selfish and be very direct with your question i'm sure some people will pick up nuances on it okay you want me to go first all right um i'll try to keep it try to keep it concise but it's the time we got three questions for you um just a little bit of backstory on myself i was very much like like you as a kid you know, hustler, immigrant parents, kind of a hard struggle there.
3:51I ended up going to dental school. I got some really niche training in my field, which was great, but I graduated about 800 grand in student debt, which is crazy, but it's, it's normal in that. I noticed. I was, you know, getting ready to come out and pay that debt and crush it. My daughter was born with a life-threatening condition. And so I couldn't really do that as a dentist. So I found another way, published a book, sold thousands of copies, and that turned into an online brand, which is now like my ed tech business, uh, which does better than I would have done if I would have done just regular clinical dentistry.
4:23Good for you. Uh, so that builds a team around it. And now we're expanding to a private label medical device as well. So it got a little nice little business model, um, taking some big, big steps in that. So my first question is I'm basically the bottleneck in my content creation, uh, to create like the pillar hero content. I got to be in there doing surgery or something and teaching something around that content. It's hard for me to constantly create that content as the business owner. I'm trying to outsource that to other collaborators, but kind of having a hard time getting them to feed that funnel.
4:58Other collaborators as in other people executing the actual surgery? Yes, getting other influencers or people doing surgery, feeding me that content so we can just repurpose it as a team and turn that into 20 pieces of content. Having a hard time feeding that funnel. Why? Because these guys already make$500 ,000 a year. They don't really need me paying them$1 ,000 for their content. They're just, I know, as charity, basically. So how do I get them to buy into that? Or how do I feed the content funnel? There's a lot of things there. So let's talk about the pillar content and the funnel. Is the model that, you know, obviously I'm very proud of really working for you?
5:35Like macro, hero, chop it down. make that into content that's performing against the business KPI, is that working? It does well when I can feed it. I can feed it myself. How many times are you refurbishing it? Adding new content? No, refurbishing the original content. Yeah, so the repurposing thing is a very important convo because as most of you probably know, so much of my world from a brand building standpoint is predicated on that, And so much of that is predicated on me being filmed doing stuff. And that completely got eliminated 18 months ago. I wasn't flying. I wasn't doing this in person.
6:16So what ended up happening is at first we did a lot of stuff through Zoom and things of that nature. But that obviously is a very one-dimensional visual creative. There's only so many times you could see me in a t-shirt. And the context matters. And in feed it matters. so what ended up happening when I analyzed the last 18 months I was thinking about on the flight out here ironically because I saw a piece of content do extremely well from 3 years ago in the last 24 hours is wow if DRock and I never film another thing I've put enough film on paper on wax, on YouTube that if I remix it in perpetuity I should be able to be effective with the evergreen content one of the things most content creators don't take advantage enough of is the repurposing, truly understand what that means.
7:06I'll give you an example. If you've got, I'm making some assumptions, so keep me in line here. If your content is you performing, when you're doing that, are you also looking at the camera and teaching and going through it? Sometimes, yes. So I'm sure you probably have seen this. One of the things you can do immediately is how many would you say pillar pieces of content have you created? Oh, a lot. 200 great so right off the top there's probably an ungodly amount of content to be made where you're split screening like i do the original piece of content and now you're just social commentating contextually on top of it with other variables right so to me what what's really interesting about the way i think about content which i do think for every business here from Vegas restaurants to yours to medical devices you know the whole world is predicated on in on communication and and does that create consideration to buy something what is interesting about how I look at what I do and what I see working is my content is pretty evergreen literally in my hotel before I came here right now I just produced a split screen from DailyVee episode 22 from March 16, 2016, where the person's question was, how do you do what you do?
8:32And the two answers were empathy and gratitude. And here we are five years later, and it's like everything that I continue to say. And so I added a piece of content to it right now. And I'm pretty damn sure that, oh, I'm sorry. So here's this Q &A from Daily Bee 2022. My split screen, my additional context went a little bit into gratitude and this is all improv in my hotel room I took the cup of coffee that a little coffee left I'm like this is full I'm grateful for this what's in here because I have more than most and then when I sent it to the team actually this is why not show you so in the WhatsApp thread where my team lives where this was the original piece of content they sent me because we're doing this, we have the same problem you do, right?
9:28So here's the question. This will now be a visual split screen. You'll see where I'm going. You've seen those from me. I would say empathy. Right, and so I'm answering.
9:39Right,
9:43and so then I fend them literally.
9:51my friends, if you deploy these mental mindsets, and at the end of this, and then what I sent to the team was, I want the title to say, you have more than most. What's interesting about that, what's interesting for everybody to say, so this is gonna be titled, you have more than most. I just split screened a piece five years later. I just realized I said 2026, so we'll have to make a joke of that in a post edit.
10:18It's a pretty substantially different piece of content that I'm gonna write copy to that's gonna really focus on the gratitude part of the split screen, but I have to do this because I'm at the mercy of the pillar content production not being where it's at because we haven't started moving. If you've done 200 pieces of original pillar content, you probably have 4 ,000 pieces of micro content that can be brand or performance-based as a funnel acquisition. So I think that's what you have to think about. I think the concept of the other thing to think through is in a world of$500K,$1 ,000 framework that you create, they make$500K a year, they're doing this basically for charity.
11:02If you look at James' pillar content as something that extracts 57 pieces of creative for you because you create post-production from it, it might put you in a position where you're willing to pay him$5 ,000 instead of$1 ,000. So I think the answer to the question is a much deeper thought of post-production, which you don't even have to be the pillar, the bottleneck of. I'm doing the split screens. You probably should as well because it's much more impactful. But don't underestimate hiring an animator or other people where the split screen or the post-creative content can be post-produced in animation or post-produced in video or overlay wording.
11:44So it's post-production. so I realized I'm leaving a lot on the table by not repurposing that enough okay and what's fun is whatever I was going earlier I didn't finish the thought I'm glad I remembered is what I'm saying is evergreen that's how I got to that 2016 thing what I'm saying I'll never change to the day I die the slang term the nuance to something that just happened so I'm in the evergreen business and then daily you're using the context of your industry of the moment i mean tomorrow and you know in a week in the world series a player may take a ball to the mouth and lose all his teeth and that's a pop culture moment that might have you being able to over which will lead to so much more relevance right he may make a video of a dish in his of his one of his restaurants four years ago but something might happen in vegas tomorrow that if you post-produce on top of it, the way I'm talking about, so it's really the remix, it's the DJing of the assets in perpetuity at scale, contextual to the distribution.
12:45So for example, to continue to layer on this for everybody, and I'm going deep on this because this is an answer for all of you, it's not only pop culture relevance like Cody Bellinger losing four teeth, and maybe you can figure out what to do with that, it's also distribution. the way you would the way I would talk if I knew that I'm posting this on LinkedIn to get clients is gonna be different than the way I would talk if I'm gonna put on TikTok two platforms that even four years ago weren't even in play we first met it was just Twitter and Facebook that's it and so it's post-production not only for what's happening culturally or topical it's post-production for the distribution too those 200 pieces of content if they've mainly been posted inside of Facebook and Instagram.
13:33Have they been done for pre-roll YouTube? Have we made them for TikTok? You may never need to do anything again. You have enough work for the next five years and what we just talked about for the last 10 minutes. Right. Okay. Is it okay? I have two more questions. Is that all right? So this one is going, it's a little different. So the medical device space and dental implants, they're all huge companies. They're all really, really big dogs. we're the underdog uh i've had even ceo of one of them is tell me you know you better not enter the space you're just going to wipe the floor with you basically yeah that's usually the biggest reason i would enter a space and so happy time to daredeck so we're basically we're entering in for christmas yes that's when we launch um and kind of do this david and goliath type uh story okay right i don't know how much to sass the big dogs because really i don't want you know i don't have as much funding as they do how would you play that by passing them as much as possible because i'll tell you why i've always you know i've struggled with this because we have major clients at vayner who are the number two in categories and they're petrified and i'm like you don't understand you haven't sassed them or razzed them or poked them in three decades that's why you continue to be number the only way you know david beats goliath is by going at it what are they going to do?
14:52Like ultimately what's actually going to happen is you're not important enough for them to actually spend the money and resources on it. But you poking them will give you micro markets, your growth. So just go hard on it. What are they going to do? Talk it through. What are they going to do? Out market you? They're going to out market you anyway. So the person in particular who said he's going to crush us basically, he's already started two implant companies, sold the first one 100 million, sold the second one 300 million. He said, you know, the next one, we're going to price lower than you and I have the credibility you don't so you're basically the fact that he's even talking to you is already the most interesting thing to me like the fact that he even acknowledges you I don't even I would never spend a second on a company smaller than mine that that's the most interesting part of it all it speaks to in my opinion irrational competitiveness or slash emotion which could end up being the best thing for you if you're a thorn in that person's side he may end up referencing you more which is going to only help you i'm fascinated by that if somebody who's you haven't entered in at all yet and they've already had two exits of those size and this is the third one price is only just one variable for example this is where TikTok really matters.
16:09Price is one thing. Relevance always beats price. People pay more for things all the time if they think it's better or cooler or represents them more. Price doesn't scare me. What scares me is if David doesn't understand where the arbitrage is. How much is the implant? So they're gonna price at 100. We're gonna price, we're thinking at 130. Yeah, I mean, I would be very aggressive on TikTok. Very. Okay. Yeah. My last question for you, Gary, just as a CEO, you got to keep, you know, you got to keep your pulse on a lot of shit. Yep. If you have family, personal family crisis is going on, such as my daughter's medical condition, it's when the, when the shit hits the fan, basically, you still got a business to run and bills to pay.
16:55How do you think straight when you can't? You don't. You don't. And I think the biggest thing I can tell you, my friend is, you know as somebody who has not had to live through a level of challenge of that level I feel incredibly inappropriate to speak to it first second of all what I've observed from others the only thing I could tell you that feels incredibly natural to me is my number one goal in life is not to live with regret I don't think there's a single person on earth who chose their business over their family that feels great about it when they get older I think every moment you spend on your family situation at the expense of your business is a good moment to be spent thank you you got it david yeah i'll grab a prop because please sorry i like a good prop please prototype so everyone be be gentle yes um so my background i studied mechanical engineering at georgia tech and then started on the corporate path and quickly realized that wasn't the best fit ian was my manager 20 years ago ge i didn't fire him up that's what he he didn't probably should have um i uh you're pretty ashamed yeah i know if you got shit down from bumbum um well i interviewed with uh they were one of my investment banking interviews uh a friend and i tried out for a reality tv show called american inventor in between my first and second year at business school i was at harvard and we actually made it so this is called american inventor is a precursor to shark tank and uh long story short we took this bicycle rack invention licensed it to whirlpool we had a single patent and they went and sold over a million units through distribution through lowe's home people um so i decided not to go into finance goldman made the right choice and not extending me an offer they detested that would have quit or been fired probably fired day one uh so then started the cloud uh website backup company i had a website crash raised some money ian was an investor in that 10 years ago.
18:59We grew it to about 500 ,000 customers, a million websites backed up, sold it for about 30 million, I don't know, three years ago. Around that time, I had my car broken into for the third time. Wow. So just moved to a different part of Atlanta, where I thought was a really nice neighborhood, had been in two prior neighborhoods, had my car broken into, and a neighbor's car was stolen. He left his key fob in the middle of his car. And so I just said, I'm going to go on Amazon and find like ring for my call. I'm going to go find this, buy it, and called a bit so i searched all i could find were like the club old school car alarms and uh and like dash cam forgot about the club but like legitimately that's what was up yeah and then that and then one of the top recommendations i believe it was baby cams you take a baby cam because it's close enough to your house you could put it in the car and then see what's going on and so i had an original idea did a patentability search and um it came back free and clear so started working on the product while i was uh i mean that must be a holy grail scenario for someone with your kind of skill set right like the fact that like you're living like i think scratching your own itch is always the best start of a business when you have when you're lucky enough to be an engineer and you can actually make it you know for me scratch my own itch in this scenario stops somewhere which is i have no idea how to fucking make the thing for you that i mean that must have been a really fun moment right other parts of that i know how like there's a microwave sensor inside of this thing and the hardware where there's a literally electrons bouncing around inside of this that allows you to text someone outside of a car that is like way over my head so i've had to learn painfully after a software company our hardware is um part of what i was describing with the way we were code guards you partner big with big hosting providers co skater and brew host they'd Add us to the checkout list.
20:49There's your website back. Yep. That's how you got your acquisition. That's how we got it. That's how we grew. I got it. The claw we sold through big box. So now, you know, I'm sitting through these sessions and my mind is just blown because the D2C and having an individual conversation with a single customer is, it just feels very, very challenging. It's foreign to you. You've been in the B2B business. Very, very foreign. And so we've raised$4 million to date. We've got 21 patents, five of those issued. We launched a TechCrunch Disrupt Battlefield a month ago. And right now we're growing our wait list and trying to potentially get some pre-orders.
21:24And we're thinking Indiegogo or Kickstarter in the next month. The next steps would be... I have a very wild idea for you, but keep going. Next. What is the product? Oh, so this is a... It's hilarious. So this is... It goes in your cup holder. That's what I thought. And then you can still put a cup inside of it. It will detect if there's any motion outside of your car. and it will flash an LED ring and make a really loud chirping noise. And we call that deterrent mode. If they open the door, these PIR sensors will detect them. No false positives. It sounds 120 decibel blast, which is really, really, really loud.
21:57I'm not going to have a good way to slur out. So please let's send your car. It's an ambulance in your car. Right. So step one, if it gets too, too close, it's going to show the person, like, you might want to pick the next car. Step two, if the car is super fancy, 10 % of the time. Go ahead. People breaking in. So that's big now. Most people just walk around and pull up on door handles because we're leaving their car door unlocked or they've left a fob inside of it. So they walk around, they pull it in. Or actual theft, you know, taking off with your car. So when we looked at this, most devices...
22:30Got it. So you're talking... I'm sorry. I apologize. On the first scenario, you're talking about people just taking shit, not taking the car. Taking shit. Yeah, taking the laptop out of the batteries. Totally got it. A billion dollars worth of things are taken from cars every year. Right. Where the car isn't even being taken. And that's just being reported. That's just being reported. And there's so much bit of shaming around them. Of course. Because someone's car gets broken into and they're like, did you leave it on law? Yeah, and just some people, like honestly, some people are in the place of like just realizing like, I'm not going to waste the time and report this to police.
23:03I'm going to go to Best Buy and buy whatever the fuck got your token. Absolutely. And if you can't report to police, then they say, oh, you know, they don't have anything they can recommend. And so, like, my neighbor's car was stolen. The police came around. Mine had been rifled through. I had left it unlocked because I really like our neighborhood. I don't get home and get paranoid about how bad the neighborhood is. You get home and shoot hoops with some of the kids in the street. Of course. So one of the things is it anchors. You twist it. It'll anchor. You install it yourself. You connect it to power.
23:29And then you have a fob where you use your phone, so it'll arm automatically. And then it senses you and you walk up and disarms automatically. It'll record video if someone does enter the car, transmits it to the club. It's really cool. You can have professional monitoring like SimpliSafe. It can view it on your back. How much is the club? $50, maybe. It's like$60. $60? And how much will this be? You're not sure yet? What do you think? $50? There are two groups. So we survey customers, and there's customers who view like a$50 to$75 price point, and there's$200 plus. because they view it as alarm system alarm system and then we have safety capabilities so we can i assume you get more excited when people say 200 i do but see this is the thing too is that i know when i bring out a prototype there are pros and cons and i'm not showing you the mobile app screen so i know yeah to your point i can forget i can no no that's exactly right it's by the way you're 100 right if you showed me first out of production line and you if you just do anything that apple simplifies it in the white box and shows the app and the screen the justification of a dollar up 199 versus 60 goes through the roof and by the way even the fact that i'm sorry we were going to start at 299 understood i understand and then we want to have a lower end version down the road somewhere in nesta model where you start by and tesla model start with the higher end uh there's you know what's so uniquely fascinating about this from a consumer lens and you'll probably want to spend a little time on this is where does it become price prohibitive also matches the higher propensity for theft and breakthrough so you're gonna have to find that mendoza line because the people that don't have price friction at 299 are also less targeted less feeling the pain and so finding that right area is going to be that's in your in this business hypothesis that's going to be really fascinating yeah yeah i think it's going to be really interesting my street i mean My street in Atlanta, I think some neighbors are targeted more than others because on my street, three Range Rovers have been stolen.
25:35One guy was at the mall. Of course. I mean, every city and state in the country has, there's always towns that begin to have a different income level connected to the town that does. I mean, it's just the most cliche story of them all. So we think that Price, I did a survey, I ran Google Ads and found that there, I interviewed 130 people. and the splitter is really interesting. Can I give you a much better way to do that? Yeah. Because I love the way you just said that because it's very smart. Before you do Indiegogo or the thing I'm about to throw at you, I would actually run a website that looks like it's actually functional.
26:16Design the whole thing. A, B, C, D test the pricing. Yeah. When they're done in the checkout, have a video of you two saying, thank you for doing this. this is actually pre-launch because we're trying to find the price because you completed the whole order you're going to be one of our first 500 people that's going to get a free one from us see you soon because then you'll get real clean data and I actually do think specifically for this product given that it's hardware you got to produce it you got to put it right it's different than some of the stuff you've been involved in I think it's worth going through that process because then you'll flat out see.
26:56This will be not a survey where humans subconsciously know that you're analyzing their data. This will be, I actually think I'm buying this. I bought it for$149. I bought it for$299. You'll get some very clean data. Something worth thinking about. Plus the marketing of the authenticity, like getting a video from you guys at the checkout part when it's done. You're like, thanks, this is actually not ready yet. This is not even the real name of the product yet. This is not even the real price of the product yet. You though are gonna get this because you just went all the way through and bought it.
27:25So we're thankful. You're one of the first 500 people to ever do that in the world. And if you do this now, and in spring of 2022, we're going to hand deliver you one to the address you put in here as a thank you for going all the way through. There's a lot that can happen there. You'll get the data. You'll build a very small community of very loyal people that will feel part of your community. You might even get like some marketing and new coverage for your product because of how unique that idea is. A few months ago. Yes. about how she locate CPAs and financial planners to work with me on my B2B mortgage.
27:59Yes. And you talked about setting up Facebook groups. Facebook groups. Sacramento Business Alliance, not... Yep. Yeah. And so I'm still working on the logistics there. I've been super busy on some other stuff. No worries. But please do that. So like follow up with Joe or whoever. And I'm not going to be five in question. I'm really passionate about it. And at the time when we did that, that bit was hot on my mind and I'm starting to get the feedback loop from people that I said it to individually or I mentioned a couple times publicly in some podcasts it's really working for people and just to catch everybody up the concept is if you try to do local business the Facebook groups are doing so well especially in that 40 to 75 year old demo that if you create something a little more evergreen literally back to your like back to the prior one the atlanta small business facebook group buckhead small business group or like you know like like like denver mom's club and if you're the host you're the host and if you can build up that group you can do localized marketing inside of it cool um i also want to start looking at ways to probably run some targeted ads on linkedin okay going after specific companies that have the right size for what i want yep because what i really need is i need a practice where it's one guy in charge and he may have some junior partners or it may be at the most maybe three partners because when we get much bigger than that it's hard to get the buy-in from everybody's like makes a ton of sense based on what you're doing so for me to do that do I actually target the companies or do I go after just this size an institution it depends on what LinkedIn's gonna you know sometimes when it's too small the targeting capabilities are not there so you have to pay a little more for it to be a little more broad but still get what you're looking for okay do I run static ads or videos or both okay the you know the number one thing with social media ads that everybody misunderstands is it's the creative not the media.
30:11Okay. So try everything. Because it's the only way you're going to get your math right. The amount of people that just decide that Facebook ads don't work because they ran three ads, it's even back to the way we started today. It's like really squeezing the shit out of content. I mean, we're living it right now for Wine Tech's Quora is a thing that's really working. I think all of you should look at Quora too. Answering questions and running ads against the questions, very effective. Quora does extremely well with Google search. It's not plain Google search. There's sometimes price arbitrage where a search term is like 19 bucks on Google ads, but Quora is the first organic answer, and then you can buy the Quora ad for four bucks.
30:51So you see where I'm going with the ARBs? Quora could be really, really good for a lot of people here, but where was I going? Now I remember. When I got off the plane today, I was talking to John Morgenstern, who used to be head of all of VaynerMedia's planning of what's the right strategy. I've now brought him in to just work with me directly. My brand, WineTax vBriends, mainly because I think he'll be even smarter working on this because the clients don't let us do the best stuff. So he's almost working with me, but it's gonna make the org much smarter. And it's already happened in a week because he's the best of all time.
31:26And he's like me, he loves to get his hands dirty. So like doing it again is fun for him. We're crushing Cora, but then there's fatigue. Like he hit me up right now and he was like, I need more answers to different questions because these three ads that are working are fatigued. So it's always gonna be more content. So in the LinkedIn example, it's like even when something's working, you gotta do more. And most people only run one or two or three different variations of creative and call it a day and decide if a platform works when you're supposed to do hundreds of variations. Which is why I want everybody to do, for example, I would love for you to start a show to answer questions for those brokers so that you can then chop up the show and run them as ads.
32:11Okay. So like it's even another move above that, which is like, how are you gonna keep creating so much ads? Well, what if you actually had a Q &A show? Which is really in essence answering, that's the whole point of why Q &A works. Ask Gary Vee was so brilliant because it's no different than Google Ads. Google Ads work because it's intent-based marketing. People are searching something they want to answer. My Q &A show works because it's the temperament. Tea with Gary Vee, it works because that's the current temperament of what people want to know. one person usually represents 10 ,000 people's question.
32:42That's a good point. So what I'm thinking about that, what I think I'm going to do then is go to the independent guys I'm already working with who are doing the best at it and interview them. Love that. And then go. That's a very good start. But again, if you start again the Sacramento real estate brokerage, like very long tailgate groups, you can extract new people. Sacramento Small Business Alliance. That goes very broad. Sacramento brokerage, you know, mortgage brokerage or real estate agents is more narrow, but will be very specific. You can, oh, by the way, the world's about and, not or. You can start both those Facebook groups.
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33:21Cool. Cool. Appreciate it. John Morgenstern's pop. Let's go over here. Billy Richardson.
33:31Well, my family has been in Las Vegas since 19th September. I love it. I love it. So, you know, my family, my dad started out, small place, grew it. So I've always been in the hospital. It's always been a part of it. I've always watched him and how he grew. Sure. Three blackjack tables to 12 slot machines to growing it to where I was in Saranac. So I got into the nightclub business early in Vegas. There was only three at the time, and I was one of them. Wow. Mine, 54, the Rio, and watched all that. and got out of that when it became big money and yeah of course wouldn't afford of course these buildings so i got into the restaurant business in vegas um my thing is i grew up in vegas i'm very local in vegas i believe in local businesses in vegas and so when i go and so i started with my first restaurant at red rock was a local place i went in there i knew the guys and i just pretended i knew how to make hamburgers and do a hamburger restaurant and i did everything and hired guys and didn't even have a restaurant.
34:35We got our first one. I'm in the recession head in Vegas. What year was that? Pardon? What year? 2000... 8-9? I worked at Wynn and left after that lunacy, but I learned a lot. 2008-9? Yeah. Yeah. I sat in the restaurant. You were doing really well and watched the split screen of the... They were going to pass the one build that give her our money and the stock market went through the roof and they said no. And I just heard, oh, we're going to do it. Lehman Brothers. And I watched the whole casino empty out every day. But I got through it. And then we grew our business and grew our business. The thing I find artists is going and building now with these guys, they're Wall Street guys and all they understand is Guy Tieti, Thomas Keller, Shake Shack.
35:28And I could live in Las Vegas. I love Las Vegas. I have my kids in Las Vegas. They're 4th January. I'm 3rd. But these buildings don't care about local guys. They don't want local guys in there. You want guys that can pay big rents and stuff. I know it's super well. I know it's super well. And I sit there and I go, you know what? I know I'm the best in this business in Vegas. I know the market better than anyone. I get out and I say it, but then I feel like, well, then I'm being cocky or I'm doing this. It's not that you're being cocky. it just doesn't mean anything to the people that have the real estate locations that you're referring to.
36:05Right. And nothing you say or do will change that. But that's not a bad thing. No, that's only a bad thing if that's the fixation of what needs to happen. Right. And I'm trying to learn about like social media and stuff like that. I, I, I've, I've hired PR firms. I've done all that. And, you know, they tell me how great it is and you do this and this and this. And I have one kid that works for me and i've been doing this for i have if i have one hamburger pitcher i had nine no i thought one no shake pitcher from every season halloween doesn't change christmas doesn't change but i being here and you know learning all this stuff now i have a good tool of how to use social media and i have two people that live in my house a 15 year old girl and a bounce stuff off them all the time and I get this.
36:54They're on their phones and I go, what brands do you guys like? I don't know, Dad. Do you like Colstein's? That's my camera's a question. Yeah, but Shake Shack's better, Dad. Okay. Yeah, listen, I get it too. I get it too. I try to learn is that someone taught me that if I have a 15-year-old now in five years or six years, they're going to be 21 that are going to come into Vegas. How do I get them to become my customer in the 20s? What is your business? So did you say you had four locations? Four locations. So one is I do hamburgers and milkshakes primarily. And then one is all pizzas. And then all hot dogs.
37:32We do lobster rolls and hamburgers. Okay. So I specialize in... I see it. And where are... So I'm in the metropolitan. I'm in the resort world. I'm in the... I'm in... So you're in the places. Oh, yeah. I'm in giant traffic areas. Like Holstein's... That's massive. Yeah. I've already stated it. I'm trying to get locals to come down because Vegas has done, these guys have done a really good job saying we don't want locals to come down. We're in charge of parking. Locals don't want to treat for parking. Yeah, I mean, as some, you know, I have a real sense of this market. I almost bought the minor league baseball team with Tony Shea, who unfortunately passed.
38:08I was very involved in downtown in the early days. I was really friendly with Tony at the time and spent a lot of time analyzing the market because I was going to bet the farm on buying a minor league baseball team. here are my kind of couple concerns or thoughts. One, I hate friction. Like fighting reality is always a losing formula in business. You know this way better than I do back to generation three. I learned this after four months of very good homework. Getting locals to come to your place is not mathematically right for them. the fuck are they going to do that for one strategy you could have is actually opening a fifth location in a local place building equity that way and then when they do happen to go to the places there's that residual brand affinity that is like a macro strategy to think about the other the other thing to think about is how do you create differentiation inside those places forget about the famous chefs and things of that nature the reality is is that very concise marketing within the feeds of social can always work no matter what the circumstances are so running very aggressive ads to the Vegas you know area code over and over and over is going to have residual effects it's going to come down to the creative um but but I think let's break these down because I assume the four locations you have and I've got a sense of what you've got going on that game is very real estate driven like whatever location you have you have those patterns and those casinos are consistent and you've got a pretty good sense of what that is rightfully so as an entrepreneur you're like okay so this is what it is and my growth can come if i can get locals to come down or just more people or even just generating more in the united states and worldwide because of the people that are coming to yeah but it's not going to work that way i don't think unless you do ridiculous shit right like the virality and consistency that you'll need for like me to see it on my tiktok and then remember in nine months like there's so much branding that has to go into that to me this starts so i would tell you what i would do i think that if i'm your partner i would say uh we need to start at the product level so let me give you an example something i've always loved about this kind of food i think you should create a 200 hot dog oh i have i have a billionaire burger it's a billion dollars No.
40:58Okay. What is it? It's$100. You're like... It's that boy, draw, and trunks. Yeah, so... I have... Now, I am the only partner, and I have other people, and then they tell me, no one's going to do it. And I have thought of saying, well, this burger's a billion dollars, and someone will buy it. I see, like, the million-dollar... I think what you need to do is create multiple food items per place that are so outlandish and are content-driven. So here's what you could... Here's what I would do. I would create a$99 slice of pizza for the pizza place. I would think about what the fuck that means. Is that caviar?
41:34Is that some sort of like weird ostrich egg? Or am I pouring Dom P over it after it comes out of the oven? I don't know what it does. But you have got to, it can't just be$99. You actually kind of have to try to get it there. That's number one. Number two, I would have somebody full-time hired for your four locations in the main casinos that goes into TikTok and Instagram, uses the hashtag Las Vegas, sorts it by recent, sees who's just posted because it's proving that they're in Vegas and DMing them to come to the place to get a free piece of the outlandish product. If you create the bait and then bring them in and you're giving me and D, If you hit up D-Rock, because he somehow has a lot of followers, and we're in Vegas a lot for a speech, and you DM him and say, hey, D-Rock, we love your work.
42:36We'd love you to come in and get a free$100 slice of pizza. There's two things that happen there. One, he'll probably do it because I know him. Two, the$100 will catch him off guard. Even if he wasn't going to do it, that might make him do it. You're like, what is that even? I do believe that would work I really do I think you you know and I'm just I'm trying to let me break it down because I really want to make sure you get it because I'm going to move on one to two ridiculous items you're already aligned with me because you have a$100 burger so you're already there one to two items that are really outlandish rethink them because the$100 burger potentially should be refurbished because you thought about it maybe with a different context point you need to make it so visually interesting that when the influencer comes for the free thing they're going to want to make, you're not going to ask that.
43:24The second you say DRock, come in, if you post on your Instagram, we'll give you a hundred dollar burger. You're already dead. If you just say, Hey, we see that you're here. We love your stuff. Come in, ask for Carl, the manager, and we'll give you the hundred dollar milkshake. When that person gets the hundred dollar milkshake, you know, you clearly want them to do the thing we want them to do. You have to make it so visually ridiculous that they themselves want to do it because it's good content, you need to hire a full-time person to constantly stay on TikTok and Instagram to see who's hashtag Vegas and DMing them.
43:57You need a full-time person. Got it? Yes. Awesome. Thank you. I appreciate it. Yeah. Thanks. Monique. Oh, oh, that's interesting. Who is it? So one of my biggest challenges right now is we had a, you know, in the sports and athletic space where you have athletes who have gone to shows and they travel and during the pandemic, that was all shut down. And I said, you know, we can really have our price point a lot higher for a direct to consumer. Yes. But we're competing against the fanatics against. Yes, we talked about that. Right. So what what is your thought in terms of the feasibility of something like that for us to create our own like legends or agency for direct to consumer merchandise?
44:39for other people besides Jim. I think it's real. I think there's a lot of fragmentation available in talent. It's why there's so many managers. It's why there's so many agencies. I think the feasibility is very real. I think the question you have to ask, and we obviously have a little bit of a preview of this because you and I spoke recently about this. It's going to come down to how good you are at it. The problem with like, do I think that Jim and you and somebody you hire or somebody on the team reaches out to 12 Hall of Famers and say, are you really happy with the way you have it? We're starting this thing, would you come?
45:15You know this better than I do. I'm just around it a lot. Legends trust other legends more than they trust somebody else trying to get in their pocket. So do I think you can get six people, Roger Staubach this or old Cam? Of course I do. I think you can. The problem is, and you also know this part, a year later, if they're selling less helmets with you, even if they're you know if the money's not the same or better then they're gonna start saying wait maybe i should go back to upper deck maybe i should go to so i think the question there the feasibility is incredibly real very real and forever real the question is how much belief do you have that you can build the organization that can create that demand i'm not scared you know about you know as much as i love michael rubin fanatics and i do they're real homies do i think there's fragmentation of course i do because it's happening there's a lot of fragmentation i think the question becomes can you create the demand creation outside of you know john elway putting a link in his instagram saying this is where my memorabilia you're gonna need you're gonna need more than that much more than that so are you an organization you become a retailer right how good of a retailer are you and that's right i think the ideology always gets people going right they're like yeah we're gonna get 50 of the action instead of 20 but 50 % of 17 signed balls is a lot less money than 20 % of 20 ,000 balls.
46:36And I think that's the thing you're going to have to figure out. That's right. And that's really where we are in terms of the feasibility of it. I mean, the other thing is, look, for you specifically, your guy's situation, you're at such the tippy top of it that you could leave for a year and if you decided, oops, we need to go back, every major player is going to be very thrilled to have that convo with you. So you got to keep that in mind too. Yeah. Yeah, we wouldn't do it ourselves. We definitely have a team. We build the team around it. That's the decision you're making. Do you believe that this team with better economics can close the gap on a team that's out there that's been doing it at the scale that whomever you're with, I don't have that fully figured.
47:17What's missing? What is it that they're not doing? Correct. That's right. And what can you add to it? Access, virtual access, content, all that stuff. But let me say this because I've seen a lot. don't get over romanced with the better percentages right a lot of people lose on that game because in your specific thing unlike other you know there's it's one thing when you're i'll tell you my story as a public speaker when i looked at the data after two years with caa yeah and at first it was great because actually god rest his soul when tony shay would say no and i was at caa they'd be like how about this guy gary van derchuk he talks about similar stuff so that was great for me but But as my brand got to a different place, the last two years I was CAA, 85 % of my speaking engagements came through my website.
48:05Then you're like, well, I'm creating the demand.
48:10So I think the demand creation is always going to have the leverage. Yeah, that's right. Not how good is the deal. That's right. Got it? That's the key. Absolutely. And it's hard to compete for traffic. it's almost like we have to cross promote amongst like the various projects that we have you know but the scale yeah but the scale in which and if and what are we talking exclusive and then you think about friction for the consumer you know like if i'm looking for you know i'm going to go to google or i'm going to type go directly to fanatics maybe upper deck and type in his name ebay right that'd be the other place i'd go you got to think those things through yeah i definitely can beginning to feel that obviously fanatics has a footprint that's way larger in this space, but there's so many other areas that they're not as big in.
48:57I agree. You know, certain types of apparel or even lacrosse as a growing sport. So kind of... And Jim's, I mean, you know what I feel about his opportunity with lacrosse and telling that story. Yeah? Mm-hmm. Okay. You might be able to carve some stuff out too. Exactly. He's so, like, revered. Absolutely. That I could see, I think some companies might even be willing to compromise and say, if you said, hey, we want to do all our own lacrosse stuff, can we have that exclusively? I think you might find some yeses because they might think it's too small and they have too much respect for him. And then you can test.
49:28Maybe you start there. I mean, he is the greatest lacrosse player of all time. Thank you. Thank you. Awesome. Yeah, Gary, yeah. So I am working on my next startup and I am thinking about kind of how do I help the masses, right? I've always built niche sites in investing, you know, dividends, mutual funds. So just talking to my daughter one day, she's 25. She's like, hey, you know, dad, if it wasn't for you, me and my friends would never invest. Like, you know, you keep me up to date and whatnot. So I'm like, wow, that's like a big audience. Mid-20s, not investing. I mean, and now the whole Robin Hood phenomenon.
50:08I mean, you have more 20-year-olds. Now it's like cool culture to be a trader. Yeah, yeah. And I think that's the thing. You know, everyone's into that. But the problem then is people get intimidated, right? So like daughters aren't thinking about like, oh, you know, I'm going to trade crypto. I'm going to trade this, right? So my thing is I came up with this idea of the investing superstar. So when you think about a superstar, you think of the Walmart, Target, everything's that. Superstore. Superstore. Sorry, I heard superstars. The investment superstore. Keep going. So the idea is to have any asset that you can buy in one location.
50:43Okay. Right. So partnering up with a different sort of platform. So if you want to buy fractional shares of a rookie card, you want to buy stocks, you want to buy crypto. Whatever the asset is, partner up with these companies and everything is done in one place. So the idea is... Are you going to do that through APIs or are you going to be able to... So build like the Amazon... I understand what you're saying. You know, so like a discovery engine. So people that bought this asset also bought these assets. Yep. So the idea is to build the anti-RobinHut, right? Because Rob Monendez is very gamified.
51:15It's trading. I want to build something that's more zen, right? I guess I've been in San Diego five. Yeah. So I'm in this very zen, no noise. I don't want any alerts from Wall Street, no upgrades, downgrades, earnings reports. I just want people to buy assets. Well, won't that only work for people who are further along in their knowledge base? If you make a very zen place where I'm just transacting and nobody's bothering me, I love that. comma, won't I have to be pretty damn knowing what the fuck I want to buy when I go in there? Yeah, well there'll be an education part, right? Okay. So there's, you know, the education basics.
51:53My hot take, and we've got more to go through, but my hot take is I've always historically struggled when somebody wants to be a consolidator of information coming from other sources because it's a dangerous business. Let me explain. It's very hard to win that game because once, first of all, it's hard to get people to come to a new place and that takes a lot of money. It's a theme. Two, if you're even able to succeed in that, which is a monumental win, when you're relying on APIs or other data sets, if you become too big, they shut it off. Right, because they don't want to pay you the VIG. So that's one thing to think through.
52:37Yeah, well, the way I thought about it was like lead generation, right? And I have a good enough sense of how you came up, so it makes sense to me. So it's lead generation. The flip side, the other aspect that we thought originally was this Chrome extension. Yep. Metamask. Yeah. Or even like, you know, join Honey. Yep. Join Honey. They're in their car. They're about to buy us something. So even to create something where we can see what's in your part and say, hey, there's five of the 12 things are investable. I think the question becomes the following. So the hypothesis of everybody being an investor in their 20s is very real.
53:14Let's start there. The macro hypothesis, that is super real. The amount of content on TikTok right now of actual investing advice that 16 and 17 year olds are taking very seriously between sneakers and sports cards and definitely NFTs and crypto and stock and Robinhood life and the whole GameStop stuff. enough has happened that I would bet the farm on what's gonna happen with 20 year old behavior on investing so that's great the thing that you're thinking about, my first reaction on the next part is you're taking a very web 1.0 approach to it consolidation, fragmentation, arbitrage I do like the extension a little bit more I think I think all of them we're going to do it.
54:06Coinbase, Robinhood, and these platforms have tens of millions, if not hundreds of millions of users already, and they're going to continue to verticalize and horizontalize offerings. So the superstore thing doesn't fire me up because I think that's the roadmap of all the people you're competing with that have 100 million user head start and billions in fundraising head start. So that's one thing to just be open eyed to. Yeah. I don't think that's enough of a moat. yeah well the moat part that i was going to add in was the community part right so that now that by the way always yeah so like we don't like the same asset if we can create the communities in these but that's a chicken and egg thing right like what size of scale does a community need to be to be a moat it needs to be pretty large and like how do you get them there and why it's why i'm so in love with content i always think that content at the end of the day always is the lowest friction point to creating community.
55:03Yeah, I mean, I think the Superstore thing is concerning just because I have a good enough read on what Robinhood and Coinbase and others, like everyone's battling for the same thing now. The macro Superstore thing scares me. The super macro hypothesis I'm in love with. Like the whole, like, the way this started, like, hey dad, me and my friends, like that's huge because it's real. yeah i just wonder where you should put that energy yeah yeah the investor rest was like the brand that we had for the foam extension idea right which is like now you're in your car it's like hey look do do i think that that can work as a chrome extension i really do yeah is that the is that the best use of a four-year period to like build that up and the amount of dollars to like customer acquire is what i'm really thinking through because i love that you're on the macro macro.
55:54And sometimes, I've done this a lot, I've been so right about the macro macro, but where I put my energy was getting nickels instead of dollars against a very proper macro macro hypothesis. Like if I was smart enough, that would be the word I would use, to realize what I was doing in 1996 with open cart optimization, because I knew I had a website, and I knew that people were stuck and didn't check out, mainly because I used to be petrified of the tech, because I just always thought our site didn't work, because it was so early and it was fucking very hard and I wasn't an engineer. And even though I hired engineers, it was just like an everyday thing for me is our site broken.
56:30Like it was just so, that's why Web3 comes so natural to me. Everyone's all scared about NFTs. I'm like, this is 1996. Like nobody knows what the fucking a custodial wallet is. Of course people are getting, like it's a different shift. If I, instead of thinking about selling Pinot Noir for my dad, commercialized and productized open card optimization i have i would have owned the jets in 2002 that's kind of like a sense i'm getting here which is like i'm not scared of anything you said i just love your macro macro thesis so much that i want to make sure you pressure test yourself on where you're going to deploy your attack on it yeah you see where i'm going yeah i think that's kind of where i'm at i get that i respect that i can tell you one thing and this is for all of you content while you're debating is a good idea yeah you starting a tiktok and being aggressive about it on investing 101 advice from your perspective is a really good idea yeah yeah it's funny i like the part you said about sassing right like because like i'm sort of like i'm not a big fan of uh the things that happen like you know on cnbc you know and i don't know if you know do you have tiktok i don't i don't good let me tell you a theme in tiktok a thing that's done in tiktok that will crush for you you can green screen it's a very common meme in TikTok where something's playing in the background and you're social commentating your ability to like if you're not pumped with CNBC film stuff then talk over it while it's playing will work real well with the kids because CNBC is their dad's channel so you'll win them over real fast with that that's interesting yeah because I'm thinking about sort of the content angle and by the way social commentating on top of a piece of content is the easiest way to create content interesting it's your hot take on what you say yes sir one last question yes of course am i yeah i know he's good like that so you uh you get the device yes it's going to be ready may june of next year uh we we have raised funds we have money to spend on marketing yes if you're in our position where you've got a prototype device that's what we have we don't have we don't have a bunch of production devices to ship to influencers yes when will you um could could be in the next three months maybe within the next three months.
58:48So our challenge right now is if we can launch in that, if you were us and we're launching in May, how would you drum up as much attention as you could now with, you know, we do have a considerable marketing budget. I'll give you a bunch of things. I think I got a lot for you. So I don't know if you know what Discord is, but Discord and Facebook groups, I think a Facebook group around, literally the group's called tired of getting your car fucked with group. you know it's funny there's one in Kansas City it's like 300 ,000 members in it it's just real I love that I think you should own the party instead of watching the party so I think you should start your own Facebook groups because that's going to be your customers eventually that's another thing I think that you should make an animation kind of cartoon or stick figure I think you should try to get the lowest cost three videos of reenacting how the product works for content now.
59:48Right? So think about how fun you can make some of that. If it's a cartoon, if it's a pretty cool cartoon that's playing a video right now. That's actually a little F.E.O. Good. Send that over to me on email. It's Gary of Intermedia. I want to see it. I want you to make it not for the website to explain. I want you to make it for social media content demand creation. And I'm sure you can tell how that would be different. One is, yours is probably very literal. I want these to be a little more fun and just like cause virality. I would hire, I would definitely, when we get closer, do some hardcore influencer TikTok work.
1:00:23The skits on TikTok with your product that can go crazy viral is pretty extreme. I mean, it's just made for comedy and made for TikTok. And I think you're one$3 ,000 influencer campaign away from having outrageous levels of awareness. Would you start with 100 small influencers or would you go after two or three big ones? I mean, the answer is both can work. I think what I'd probably do right away is make sure both of you actually get serious about downloading TikTok and just like spending 15 minutes a day, like using it so that you are a better judge and jury of who you do something with. The biggest issue for everybody.
1:01:05Yeah, please. So I'm in. My daughter will be excited about that. Yes. She'll be devastated. and all over it exactly you do it um so if i did that how how would i best do research so so what to get in yeah what you'll love this not your category i just want you to have the tone and temperament of tiktok there's probably not a whole lot of car alarm car stealing content what i want you to do back to where your your partner in crime here he referenced basketball and as a basketball shirt on good let him fucking like have his screen filled with that basketball content i just want both of you to have a taste of the temperament you're not going to find content around you what you're going to find probably along the way it what i hope my my dream is on march 9th you're just doing you're you're staying the course 10 minutes a day you're just going through and you're like enjoying it as a human you find something that really makes you laugh you click on the person they've got 87 000 followers you look at their other six videos you're like this person's fucking good this is me dreaming oh shit this person lives in you know in alabama not too too far you message the person go i love your stuff would you consider doing something for a brand you see where i'm going that's like my dream state it doesn't have to be that lucky it could be something else but at some point in based on your timing in april or may i'm gonna want you to spend 10 000 bucks on two or three or four or five influencer campaigns and i want you to be dramatically back to PR back to lovely gentleman to the left people waste money when they don't know how to judge it the amount of people that have wasted a fortune on almost everybody who tells me that social media doesn't work I already know exactly what happened they they wanted to try it out because they were scared to waste money they went with someone that's bullshit either completely full of shit or just is shit and they don't even realize it because it's small.
1:03:02They do their thing, it doesn't work and they decide after three months of fucking putting 2 ,000 bucks a month into some horse shit that that doesn't work. That's like me going outside right now and dribbling a basketball not being good at it and saying that basketball isn't a viable option. You have to be good at it. So you need to know, you understand why I brought up TikTok so much. From 2011 to 2013 if you were the best in the world at running Facebook ads, you built a huge company. In 2015 to 2017, if you were the best at the world being an influencer on Instagram, you really built something big.
1:03:36We are in it right now and we've probably got another 12 to 24 months where you're just getting better deals from TikTok than TikTok is getting from you and then they tip. Right now, everyone on Instagram that's one dimensional Instagram is crying. Their organic reaches down. It's harder. They're not growing as fast. They're not making as much money. you know they love they're mad at the algorithm fucking instagram meanwhile they don't instagram doesn't charge you anything and you built your whole career on it you just had good timing and you got it when it was good tiktok's got that right now and i just need everybody to go hard at it because it will go away yeah just like instagram went away just like twitter went away just like facebook went away it's the same game every time it's the real estate version of attention you either buy beachfront property first or you don't yeah and it gets progressively worse steal and tiktok is where all the cranes is that's exactly right it's it's just where the attention is and it's not 15 year olds anymore it's 30 40 like it's it's this is a rodeo i've seen before yeah you know so i think i think and i what i love about your product for tiktok unlike instagram perfect marketing four years ago where it was just a nice image of your product with a little click here and you go to your website and you convert and you cookie them and you retarget them now Now with iOS 14 update, you can't retarget the same way, but on TikTok for your product, one aspiring comedian does the right hilarious video of somebody scared shitless of trying to steal the car and it gets 14 million organic views, you're off to the races.
1:05:10Love it. That's all I got for you, man. Thanks so much. Such a pleasure. This is the Gary Vee Audio Experience.
From the publisher
In this deep-dive 4Ds session, I give a group of driven SMB owners the actual system for social media success. We talk about why volume is the secret weapon you're not using, how to provide relentless value so your customers choose you over your competitors, and the biggest platforms you're probably ignoring that could scale your business. Forget the excuses; this is a practical game plan for execution. Hope you enjoy!

