Why 90% of Brands Fail at Social Media Strategy | The 505 Podcast PART 1

0:00In day trading attention, you said that 90 % of brands, they just do not get strategy. If you could sit them down, brand or creator, and talk to them for 60 seconds, what would you say about social strategy? That it's the single most important thing to do if you want to grow your top line revenue. Let's start with that. The reason it's easy for me to say that 90 % of people and companies don't take this shit serious is I do not believe that 90 % of people understand that being remarkable at social means that your business will be dramatically bigger. I believe that many people know that if you are remarkable at basketball, you will make lots of money a year, more than if you're remarkable at being an accountant.

0:51I believe when it comes to marketing and business, it's the reverse. basically everyone's acting as being a remarkable accountant will make you more money than being a remarkable basketball player that's the point of my entire thesis they're sleeping they're sleeping on it they're sleeping on it coming coming here I remember seeing a video and I was like if I'm not posting every day I'm not I'm not flying out here yes you know so I've been on the grind we've been busting our ass with the pod for the last three years every single day yeah it's like and then the question becomes so that's one and you've gotten there next thing I would look at if we were like all first cousins and we're getting together right now we were like actually ourselves but we're first cousins but I've been busy but now we're hanging out for four days at the grandpa's and you guys are like hey can you like really look at the fuck we're doing I'm like okay cool I'll do it the next thing I would look at is how many platforms are you on and how do you do it on those platforms right let's take an average 26 year old dude like you guys right how old are you?

1:4927 nailed it 29. I'm pretty proud of that. But we look 26. Yeah, definitely. You know, there's your personal life in like dating. Like what's your personal like romantic relationship? Then there's your careers. Then there's who are you guys as a friend? Like are you good homies? Or are you like so in your own shit right now you can't be a great friend? Then I don't know if you have siblings. Like who are you as a sibling? Then there's the version of you of who you are as a son. Right? And as I'm saying this right now, I'm sure you're going through it and everyone's going through it. You're better at some things and you're worse at other things.

2:28That's called being a fucking human being. That's how I think about Facebook, Twitter, Snapchat, Instagram, TikTok, and LinkedIn. The first thing I would look at first, I would know because you just said it, you guys were in it. But then I'd be like, yeah, you're like overly focusing on fucking TikTok and Instagram. Because that's actually the answer to almost everyone. Just like physical trainers, like they all know like all the things we have like oh everyone's quads are fucked up or everyone's glutes or like that's how like easy it is for me to walk into every meeting I'm like I walk into cool guys like you doing the thing in a new way I'm like these guys are not fucking paying attention to Facebook oh no I took your advice we started posting them and it's like seven in so we don't have so it's early you really prepped for this yeah yeah brother I wasn't about you were ready for me to like flip it and be like do you post on Facebook you're like yes we do organic Facebook social but here's what excites me This is, we're getting in it now.

3:22Then, after I'm like, are you on everything? Then I'm going to look at like, do you know how to do Snapchat spotlight? Do you know how to do LinkedIn? And so like, it's a very deep game. And what would I say to everybody? Organic social is life. Then you do paid. Then you do campaigns. Then you do influencers. And I think organic social for most people still is like last place if you're a big company. because they think about social media from a paid. I literally just had a meeting right before this meeting where they were like, no, no, we're good. We're running paid ads on social. I'm like, no, no, it's organic social.

3:59And then when something does well, paid ads. Don't use media to amplify bad creative and really hide bad creative. Use it to amplify good creative. Test and learn, push money behind. Yes, but here's the key. It's not test and learn. Okay. it's market every day. And when you have winners, know what to do with it. Every time I post on Social Organic, I'm trying to win. I'm not like, oh, let's throw it against the wall and see what sticks. This is not spray and pray. This is fucking real to me. But going at it every day, you're getting more at bats. Like I feel like somebody who's kind of posting a few times a week versus someone who's going multiple times a day on multiple platforms, you're just getting more reps.

4:42Yeah, and everybody's so insecure. They'd rather have more views on one post so they let it sit there for a fucking month. Like, I don't give a fuck. Like, I'm trying to win out here. And so, like, yeah, I mean, more at-bats is more at-bats. Like, everybody who's listening right now is one piece of content away from their life being different. Do you know how insane that is? It's crazy. It's fucking crazy. But it didn't used to be like that. Correct. You talk about the TikTok-fication of content. That's right. What I now call interest media. Content is finding people that are interested in that content.

5:12It's not social media. I'm not posting, and every time 80 % or 60 % of my people see it. Now it's like, I mean, every day someone's like, in my comments, like, Gary V, where you been? They hadn't seen a piece of content from me in nine months even though they followed me for nine years. That's the game we're in now. And so how would someone, how should someone think about their strategy differently now that it's different? They need to realize that it's not about followers the same way. They need to realize that they have to mix up their content more to find different audiences while doubling down on what works for them.

5:43So I'm like what everybody does like Gary know I have to have a knee sure have to be consistent I'm like me too. That's 80 % of my content But 20 % of my content is giving me a chance to fucking explode Yeah, we're going for we can yeah, you can go for a homer. I wanted to ask you about You are the niche as like advice. Yes, if you go back Thank you for knowing that of course because that was like a once or twice piece of content for me But I think it's I'm pumped that you picked up on it because I think it's profound You go back on your YouTube channel and at the time 17 years ago, you're deep in the wine game.

6:17But your YouTube channel, you're posting about so many different things. How do you feel about the advice of you are the niche? I believe in it. For example, on YouTube proper, me being all over the place is hurting me in some ways. That algo works in a way that like is more Mr. Beast life. I'm okay with that ish. My whole framework of document don't create, you know, being contextual to a lot of people. there's definitely in a YouTube proper world some shortcomings that come along with that which is why I've never even though I have a lot of followers my views are not strong because I'm not doing the best practices and that's kind of out of like sustained curiosity if it ever changes and a shortcoming that I should be better at and is very much a big priority for mine in 26 of like being more production oriented.

7:04But you like showing multiple different things. I do but I can do that on every other channel. YouTube has now looked me in the face. YouTube proper, not shorts, has looked me in the face as a platform. That's cute, Gary, but you're going to fucking lose if you don't conform to us, which is more programmatic stuff. So I feel like I'm ready to fold. I feel like YouTube beat me. You know what I mean? Kind of like this can beat me and I got two nine. So I think that's where I'm at with that. But bro, everybody does everything. This concept that you're going to find some niche. oh so what you're a magician so is everybody yeah so what are you a fucking social media expert that's nice like you know what i mean like everyone's doing it there's eight billion people there's gonna be a hundred billion people doing it because 92 billion of them are gonna be ai influencers doing it so how the fuck are you actually gonna break out it's just you being you all the fucking way i saw a clip from you know what i mean yeah no 100 i saw a clip from her mosey and he was saying how he started going broad he was like philosophy some dating advice and he's like it my sales dipped our sales dipped like crazy and he's like that we're going that's good that's because he was going brand yes like like if you go brand your sales will dip so you but do you think if he sustained it for a longer period of time that he would have seen it start to flat like start to go back up i don't know and i haven't analyzed what alex is doing what i would say is in the macro i do believe that most people don't run marathons they run sprints and this is not an indication to alex i really genuinely on the record like fully have no fucking clue but like what i what i would say is that a lot of people want sales and like that's good it's just that when you build brand you are not over analyzing every day month or even year on sales how long did it take you though to kind of build this muscle of you post something and you're not so deathly attached to what it does because it's been hard it's been hard like i've been doing it and i'm like yo i'm now looking at the 30-day aggregate total not individual and it's so much more holistic for me because like if you're if you do three posts a month or something you're like so tied to what is going on um i have never had to make my money from my audience.

9:29Think about that. Yeah. Right? Like, I broke out in wine. I was building a business for my dad. I was getting quadruple hosed. I was building a business that wasn't mine. My dad wasn't paying me for shit, and I wasn't getting any money for my audience. Like a triple hosed. Like triple fucked. So think about how lucky I got. For the first five years of my life, I got triple fucked. So I got trained into not worrying about making money from it. But then when I exploded over the last decade, I've been building VaynerMedia. Yes, I've sold Empathy wines, I sell VeeFriend stuff, but like if I didn't sell a single VeeFriend, like this company that you're in right now, this company will do$365 million this year.

10:10It's a big business. This year, revenue, not valuation, revenue. Is it true that one of the first Vayner clients came through the wine shop and you had met them there? Yes. It is true. Is it Gillette? Yes. It was an agency that was working with Gillette. He was a customer and he outsourced some work to us. And talk me through the early days because I remember hearing a clip of AJ and he's like, we weren't in this ad agency game. You were just a big listener and you had an inclination of what you thought would work. How did those early days go? The very early days. Because you walk into this room and it's electric.

10:48Like, I'm just so fired up to be in your office and walk through these halls. And I just wonder, like, what was your idea back then when you're still in the wine shop? That the world was about to change in a real way. And everything I did was around that. I took all my savings and invested into Facebook and Twitter. I started to put myself, I was 34 years old when I started to really put myself out there. 31 for 34 Wine Library but 34 in 2009 is when I'm like should I show everybody who I fully am not just a wine critic so I did that then I started this company basically my mindset was social media is going to eat up the oxygen of the entire world and I'm going to be at the forefront of it and what sparked that for you what was that thing that you were saying I was living it even before Facebook and Twitter, I was trying to figure out how to use MySpace to sell wine.

11:47And I couldn't, because it was really kids, and I couldn't figure it out, but I was trying to figure it out. And was there an aha moment of you using social that led to way more sales selling wine that you're like, I can do this with every other company? It was Wine Library TV. I would review wines on Wine Library TV, and I remember right away, episode one, I was like, I'm not gonna shill. I'm gonna fucking review these wines. And even if I have 100 cases of this shit downstairs and I need to sell it, and if I personally don't like it, I'm gonna say I don't like it. Which was bananas crazy. Yeah.

12:23Like fucking bananas crazy. But the point I was trying to make with Wine Library TV and for anybody who's listening right now, still my passion to tell people about wine is, this is what I think. Do you like, actually let's play a game. You guys like oysters? Yeah. yeah a little bit good uni sea urchin here and there yeah english peas never had them never had them blueberries yeah big blueberries what's your favorite fruit strawberries yours every day strawberry great literally for me strawberry is probably 10th it's wild what's over one blueberries mango kiwi you know raspberries dude a ripe nectarine hits you know what's funny i had a fucking apricot this weekend that blew my face off but like strawberries genuine this is real way down like as like the big fruits like strawberries are just like it's a hot take and and it's funny oranges bananas and apples i'm also like okay with but like all three of and those are like my bottom tier and i like all three of them more than strawberries so let me get to the point you guys shouldn't blindly like every wine that i like we have different palates so my point to everybody was like try different things just because I'm an expert because I know a fuckload about wine doesn't mean, you don't ask me what food you should eat just because I've eaten more food than you.

13:40Like we have our own preferences. So the framework of the show made me comfortable saying this is shit and realizing it won't kill us selling it because I was pushing the audience of like don't even listen to me but try different shit. So then we get into Vayner. We leave the wine. We're fully going into Vayner. What do you think about social at that period of time? Are you like YouTube is going to be a ticket? this is going to be more eyeballs it'll get me in front of cmos they'll see this maybe i'll be able to book a meeting or was it outbound were you emailing i already had hundreds of thousands maybe even a million followers on twitter when no one did already because of all the wine stuff correct okay and that blew people's fucking and that gave you social and that gave me social proof okay and when you walk into the meetings you have no pitch deck like your brother said and you're just like check out all the followers we're doing it was a chicken no it was even better than that that would have been like lazy it was here's what you should do here's what's working i literally did what agencies would spend three months game planning on improv ad hoc on the spot oh you're like hey gillette this is like actually what you should let was like outsource so we had to execute something the month the meeting we had with stride gum stride yeah was like basically i told them their entire ideas and marketing plan off the rip.

14:57Like I didn't even know I was like, just like on, just because I'm in the, I could do that now. Yeah, you're in the game. I'm in the game. That's it, bro. Like, listen, everybody who's listening, whatever you know most, people are like, man, you're such a good public speaker. I'm like, of course, because I only talk about shit I know and I'm not scared to say I don't know. The reason I do Q &A publicly and nobody else does is I'm not scared if you ask me a question and I don't know. Like if you used, I have humility as my superpower. If you ask me a basic marketing term, acronym, and for some reason, I'd never come across it or maybe I'm having a brain fart and I just, I would have the humility to be like, what's a TCN?

15:40And you'd be like, whoa, what the fuck, Gary V? Like how do you not know? Or CAC. Like if you're like, hey, what's the CAC? If I like for some reason had like a weird moment in my brain and was like, I'm sorry, what's CAC? And you're like, bro, customer acquisition. where you'd be like, whoa, Gary, you would look down on me. I don't give a fuck. So when you have humility and you just talk about shit, I watch so many people do interviews, podcasts, keynote speeches talking about shit they don't know. And I could smell it on them. Mainly because they're talking about something I might know. You know what I mean?

16:12When I don't know it, then I don't know either. Sounds pretty good. Exactly. I don't know. I'm never scared. And I wasn't scared in that meeting or building this agency. I understood that I didn't go to marketing school. I knew that I didn't go to ad school. I knew I had no relationships. I knew I knew none of the terminology. I knew I knew nothing other than I knew exactly what was happening and going to happen. Take me - Which is the only thing that matters. Yeah, no, it is. Take me back through when TikTok kind of transitions over and now it is called TikTok. Me and my boy, Kyle, we were literally in our fraternity basement hiding from people making videos because they were clowning us so hard for being on TikTok and we posted every single day and it worked.

16:49so shout out to you for making those videos. What were you telling the big brands you were meeting with being like, hey, we need to be on - I mean, there's videos of me, and you guys can clip this for audio, of me doing fucking Ask Gary Vee about Musical.ly. Wow. Like this is even before TikTok bought Musical.ly because it was like Tumblr. Tumblr, the reason I invested in, it was around interest, not who. It was what. You were into art. You were into skateboarding and you followed those accounts. Not you were into wine, but you followed Gary Vee. Got it? You were following interests. I could tell that musically it was going to be that.

17:27It was the interest graph, not the social graph. I could see that content was finding audience. I'm like, this is big. You just make it and whatever comes to you comes to you. And then your interest, it starts to... Guys, do you understand that you could double your podcast audience if you guys made a video about burgers? People don't believe that when I say that. Go deeper on that. I will. by you throwing off speed pitches, that 20%, that gives you the opportunity to get a whole new world. If you guys just literally told a frat story of a keg stand, that's the video that might get 3 million views and they'd be like, who are these guys?

18:03Oh shit, this podcast, oh I do that. People are not giving themselves a chance to be discovered. People want sales. People want depth. People have philosophies of like, I want to be on brand. I want to be consistent. and ideologies. It's not how the game works. Yeah. Another piece of advice that you've given is sawdust content, which I love. Can you go deep on if there's a brand and they have a big photo shoot coming up, like how can they best utilize that whole campaign, that day shoot to get as much content as possible? An intern that's there setting up the food in the corner for this shoot you're doing around your fucking nice watch might be doing the thing that most sells watches.

18:52So if you're filming everything, if everything's meta, if everything's a production day, I mean, most retailers should be filming their stores day to day. Like the security cam footage post-produced properly is probably more effective than the fucking millions of dollars they're spending on making videos and pictures to sell fucking shirts at the Gap. Like people don't get it. it's like it's just so goddamn obvious it's like the mundane it's the fucking why reality tv works it's why influencer marketing works like people are interested in different like everyone's pumping do you really fucking believe your nice photo shoot for your fucking sweatpants is what's going to get it done that's what every piece of content on instagram is okay so if you so that The model, when they sat down and like said, lettuce is fucking delicious.

19:46That's the thing. Yeah. Do you think they're afraid though? Because they're like, that isn't on brand. Like the luxury brand. Yeah, that's what it is. But that's why they're bad marketers. 100%. Yeah. Even so when you sit down with these big boys and you're talking to them and you're saying, hey, this is what we should be doing. How much pushback are they still giving you on like their social strategy? At this point in my career, not a lot to me, but then they don't do it. Yes, yes, yes. 10 years ago, they would shit on my fucking face and like push back and yell and argue with me. And then I ended up being right to a lot of them.

20:16So now in these meetings, they're not really pushing back. They're yesing me to death, but then they're not doing it. So their pushback is more like in reality, not in the meetings. In the verbal meetings, like I'm also incredibly hard to debate with because I really know too much about what's actually happening. Meaning, when I told Pepsi that Liquid Death, Prime Energy, and Poppy were a problem, and they're like, no, it's not, and then it is. Like, you know, this is now 15 years deep. When I said TikTok, when I said, you know, it's like, it gets hard. And I know how to talk to them now. I'm not, by the way, I'm not trying to, like, I'm not trying to be cool with our clients.

21:01It's not cool to talk to our clients. You know what I mean? These are business meetings. I'm not trying to put on a show. I don't think it's cool to talk to the CMOs of these clients. Corporate America people are not cool. The world's cool. This is not cool stuff for me. This is business. So my meetings are very business. I'm like, let me show you why this is good and what this does and why you get leverage against Walmart for retail media if you do this and what's happening on Amazon and TikTok shop. These are business meetings. I'm animated like I am right now, but this is not about show. I'm not trying to convince them.

21:35I'm not trying to like win the debate. We're having business meetings. You said that you've changed the way you've talked to them. You've learned how to talk to them. So how have your pitches changed from when you first started Vayner to now? I know all the dumb shit they believe in. You know back then. Give me an example. An example before was like, well this works. And they're like, you know, I was like, hey, you should do Twitter and this is why. And like, if you do community management, they're like, well, how do we measure that? I didn't even understand what they meant. I'm like, it's common sense.

22:02this is good to like get customers to care. They're like, yeah, but the report, like what's the report that says community management on Twitter in 2009 is ROI positive? I'm like, what are you talking about? And I was like, oh fuck, this is school. Like, oh shit, MMMs and MMAs, like internal modeling, like all this fake shit. I didn't realize how many companies sell bullshit to Fortune 500 companies to justify bullshit behavior. So now I at least can talk about it. I'm like, you know how your MMM does? I could talk to the acronyms, the rules, the way they actually work. They think in lower cost CPM is good.

22:38I'm like, you do know when you buy shit for less money, it's normally bad. If you shop at Marshall's versus shopping at a boutique in Soho, you're getting worse stuff. You should be paying higher CPMs for good shit. Absolutely. You said in Day Trade Attention that post-creative strategy was one of the most important metrics that you're looking at. break that down to like the everyday person who's just a creator without them getting every creator listening here should read every comment left on every piece of content and read every DM they've ever gotten are you still in the weeds of the DMs yes but I can't read all of them I'm getting 10 ,000 a day I'm trying to use AI to get me summaries what people have to say to me publicly and privately is the most important shit I'm just a human and I can't outsource it either I'm not gonna have my admin team do it for me and act like they're me.

23:31I read five hours a week, ten hours a week of DMs and comments still to this day. That used to be enough to get back to everyone. Now it's not even, you know, I'm not even in the game. You got back to me seven years later, which is fucking epic. Tell them. Tell them. Tell them the story. So I read Jab, Jab, Jab, Right Hook and I DMed Gary as I was reading it. I forget what I even said to you and seven years later i get a message from him saying uh sorry i missed this hope you got it all figured out and then and then you wish me a happy holidays yeah and i was like fuck yeah you too shoot my shot here do you want to come on the podcast and then you go maybe let me connect you with my guy and then you put us in a group chat like 30 seconds later this is like this is real life to me like i'm look listen you guys know this i'm super out there like super out there right i say a lot of things out there i'm petrified to not live what i talk about i would have the worst reputation behind the scenes you know you mentioned babin uh before we started the show or maybe on the show i like when people ask about me to people that really know me 99.9 % of people don't really know me luckily for me they do because I'm very much who I am publicly but I get really happy knowing what's going on right now like right now knowing there's conversations about me and the person that really knows me is blowing the other person's mind and telling them I'm better than they think I am not worse because unfortunately you guys are starting to live a lot of people let you down like don't meet your heroes is a real fucking thing and not that I'm a hero but I'm a public figure.

25:17I'm aware of that now and so people are curious and so like I like eating my own dog food. I like telling everybody on this podcast to answer everyone and I like that a human can tell them a story that is real and that's insane. That like even is insane to me even though I live it and do it like seven years like it's I'm in my shit. I'm in my bag. I live what I talk about which is good. I wish more people did that.