The #1 Way To Grow Any Business
Digest
This podcast episode features Gary Vaynerchuk, a renowned entrepreneur and social media influencer, engaging in a lively discussion with a diverse group of individuals seeking advice on various aspects of business, personal growth, and navigating the digital landscape. The episode delves into the power of social media marketing, emphasizing the importance of consistent posting across multiple platforms like TikTok, Instagram, YouTube Shorts, and LinkedIn. Gary Vee stresses the significance of authenticity and kindness in building a successful business, highlighting the story of Elizabeth, who found success by focusing on loving people. He also addresses the relationship between ego and humility, clarifying that ego often stems from insecurity, while confidence is rooted in humility. The episode explores various topics related to entrepreneurship, including scaling a high-touch business, identifying key indicators of a breakthrough, and navigating parental support for entrepreneurial ventures. Gary Vee provides practical advice on balancing personal brand with corporate clients, transforming a business into a movement, and overcoming stagnation in business. He also offers insights into the NFT space, emphasizing the importance of execution and strong projects. The discussion touches upon the potential impact of TikTok on children's mental health and the importance of balancing parental involvement with child development. Gary Vee encourages parents to allow their children to develop independence and emphasizes the importance of genuine connection and value in building relationships. Throughout the episode, Gary Vee shares his personal experiences and insights, drawing parallels between VFriends and VidCon to illustrate the importance of building a strong brand through authentic content creation and genuine connection. He emphasizes the power of inspiration and motivation, encouraging listeners to pursue their passions and embrace failure as a learning opportunity.
Outlines
The Power of Social Media Marketing and Authenticity
Gary Vee emphasizes the importance of consistent social media posting for business growth, recommending multiple daily posts on platforms like TikTok, Instagram, YouTube Shorts, and LinkedIn. He also highlights the significance of authenticity and kindness, sharing Elizabeth's story of building a successful business by focusing on loving people.
Ego vs. Confidence and Humility
Gary Vee clarifies the difference between ego and humility, explaining that ego often stems from insecurity, while confidence is rooted in humility. He emphasizes the importance of self-awareness and genuine connection in building a strong personal brand.
Scaling a High-Touch Business and Navigating Parental Expectations
Rebecca seeks advice on scaling her business while maintaining a personal touch with clients. Gary Vee suggests charging more to maintain the high-touch approach. Jake, a young entrepreneur, seeks advice on gaining parental support for his business ventures. Gary Vee encourages him to focus on execution and success, as that will often change parental perspectives.
Key Indicators of a Breakthrough and the NFT Space
Nick asks Gary Vee about key indicators of a breakthrough. Gary Vee emphasizes that breakthroughs are often unexpected and encourages focusing on enjoying the journey rather than solely seeking breakthroughs. Tasha, a creative, asks Gary Vee about the current state of the NFT space. Gary Vee acknowledges the recent downturn but emphasizes the potential of the technology and the importance of executing strong projects.
Overcoming Stagnation and Finding the Next Step
Darian, a tutoring and mentoring business owner, seeks advice on overcoming stagnation and finding the next step in his journey. Gary Vee encourages him to focus on consistent content creation and helping others, rather than seeking external validation.
Balancing Ideology with Market Reality and Turning Lack of Experience into a Positive
Mel, a hair extension business owner, grapples with the decision of whether to maintain her ideology of requiring qualifications or to open up her business to those without qualifications. Gary Vee encourages her to consider the market reality and potential for growth. Samrs, a startup founder with no prior experience, asks Gary Vee how to turn his lack of experience into a positive when raising capital. Gary Vee advises him to be honest about his lack of experience and focus on finding investors who believe in his vision.
Building Confidence and Credibility as a Public Speaker and the Importance of Genuine Connection and Value
Emma, a public speaker from a different culture, asks Gary Vee how to build confidence and credibility. Gary Vee advises her to start speaking at smaller events for free and to focus on delivering value. Brolin, a business owner, expresses his appreciation for Gary Vee's values and the quality of the event. He asks for advice on scaling his app business in the US.
Building a Community and Social Media Strategy for a Game and Advice for Young Entrepreneurs
Kyle, a digital marketing agency owner, seeks advice on building a community and social media strategy for his game. Gary Vee emphasizes the importance of consistent content creation and leveraging various platforms. Alky and Ansu, two 16-year-old entrepreneurs, ask for advice on setting themselves apart from other entrepreneurs. Gary Vee advises them to focus on honing their skills and not worry about standing out.
Brand Over Everything: Lessons from VFriends and VidCon
Gary Vaynerchuk emphasizes the importance of building a strong brand over solely focusing on math and ads. He draws parallels between VFriends and VidCon, highlighting how both platforms prioritize community building and storytelling. He argues that authentic brand building through content and genuine connection leads to long-term success.
Keywords
TikTok
TikTok is a short-form video-sharing social media platform known for its viral content and trends. It allows users to create and share videos with music, effects, and filters.
Instagram is a photo and video-sharing social media platform where users can share their lives, connect with friends, and follow their interests. It's known for its visual content and influencer marketing.
YouTube Shorts
YouTube Shorts is a short-form video feature on YouTube that allows users to create and share short videos, similar to TikTok. It's a popular platform for entertainment, education, and brand promotion.
LinkedIn is a professional networking platform where users can connect with other professionals, share their work experiences, and search for jobs. It's a valuable tool for career development and business networking.
VFriends
VFriends is a collection of 10,000 unique NFTs created by Gary Vaynerchuk. Each NFT represents a cartoon character and grants access to exclusive benefits and events.
NFT
NFT stands for Non-Fungible Token. It's a unique digital asset that represents ownership of a specific item, such as a piece of art, a collectible, or a virtual item.
VidCon
VidCon is an annual conference that brings together creators, fans, and industry professionals in the online video space. It provides a platform for networking, learning, and celebrating the power of digital content creation.
Entrepreneurship
Entrepreneurship is the process of starting and running a business, typically involving innovation, risk-taking, and the creation of new products or services. It often involves identifying opportunities, developing business plans, and securing funding.
Q&A
What is the most effective way to grow a business on social media in 2023?
Gary Vee emphasizes consistent posting on multiple platforms, including TikTok, Instagram, YouTube Shorts, and LinkedIn. He recommends posting multiple times a day with different creative content.
How can I scale my business while maintaining a personal touch with my clients?
Gary Vee suggests charging more for your services to maintain the high-touch approach. This allows you to dedicate more time to each client while still generating revenue.
What are some key indicators of a breakthrough?
Gary Vee emphasizes that breakthroughs are often unexpected and encourages focusing on enjoying the journey rather than solely seeking breakthroughs. He suggests focusing on the process and finding joy in the work itself.
How can I turn my lack of experience into a positive when raising capital for my startup?
Gary Vee advises being honest about your lack of experience and focusing on finding investors who believe in your vision. He suggests building demand for your product through content creation and networking.
How can I overcome stagnation and find the next step in my business journey?
Gary Vee encourages focusing on consistent content creation and helping others, rather than seeking external validation. He emphasizes the importance of staying true to your values and finding joy in the process.
How can I build confidence and credibility as a public speaker from a different culture?
Gary Vee advises starting by speaking at smaller events for free and focusing on delivering value. He emphasizes that your accent is not a barrier to success and that you should simply focus on delivering a compelling message.
How can I build a community and social media strategy for my game?
Gary Vee emphasizes the importance of consistent content creation and leveraging various platforms, including TikTok, Instagram, and YouTube Shorts. He recommends focusing on creating engaging content that resonates with your target audience.
What advice would you give to young entrepreneurs?
Gary Vee encourages young entrepreneurs to focus on honing their skills and not worry about standing out. He emphasizes the importance of being good at what you do and finding joy in the process.
What are some key takeaways from VFriends and VidCon that e-commerce businesses can apply to their brand building?
E-commerce businesses can learn from VFriends and VidCon by prioritizing brand storytelling, community building, and authentic content creation. Focusing on genuine connection and providing value to customers, rather than solely on transactions, can lead to long-term brand loyalty and success.
How can young people navigate parental pressure to pursue certain careers, especially when they have different aspirations?
Gary advises young people to prioritize their own passions and not seek validation through external respect. He emphasizes the importance of self-respect and earning respect through genuine actions rather than seeking it. It's crucial to communicate your aspirations to your parents and find a path that aligns with your own goals and values.
Show Notes
Today's episode of the podcast is a Q&A I did after my keynote in Brisbane for the Mindset Matters 2023 conference. I share my thoughts and answer a bunch of interesting questions on different topics such as the ROI of loving people, the difference between confidence and ego, and the concept of a breakthrough. I also, give advice on how solo-preneurs should focus their time and how they can scale their business without losing their personal touch with clients. This is a great video for everyone who's looking for social media marketing, parenting, and entrepreneurship advice. Hope you enjoy it!