Stop Over Valuing Things You Don’t Understand
The GaryVee Audio Experience
Gary Vaynerchuk
4.8 • 18.3K Ratings
🗓️ 5 February 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
Today’s episode is from a talk that I gave last month at the MediaLink conference. I spoke on value and how all of you need to stop over valuing things that you don’t understand. Hit me up and let m know what you thought!
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Transcript
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| 0:00.0 | Podcasts, what's up? Super fired up. |
| 0:02.5 | Gonna be in Texas, El Paso. When I'm gonna be in El Paso? |
| 0:06.7 | February 5th, I will be in Texas, El Paso. El Paso, Texas. |
| 0:10.4 | If you're in the area, have friends and then I will be in Dubai on March 11th, I believe that is correct. |
| 0:16.5 | And to find out the rest of the places I'm gonna be that are locked in, go to Garyvee.com slash events and |
| 0:22.6 | now sit back and listen to the greatest podcast in the history of mankind. |
| 0:28.4 | This is the Garyvee Audio Experience. |
| 0:32.6 | What up podcast? Today's episode is from a talk that Gary gave last month at the MediaLine conference. |
| 0:37.7 | He spoke about value and how all of you need to stop over-valuing the things that you don't understand. |
| 0:42.3 | So make sure to hit them up, let them know what you thought and I hope you enjoy. |
| 0:46.8 | From my perspective, I think the industry is very the collective industry, the B2B environment. |
| 0:52.9 | Just to give one second of context, I grew up in a much more entrepreneurial framework in a retail business, |
| 0:58.2 | was on the floor for 15 years, customer to customer. |
| 1:02.0 | I think this conversation, if you frame it up in the macro, I'm always fascinated by this industry as I've been in it for the last decade. |
| 1:11.0 | It's extremely insular. We talk in B2B talk, we don't talk about B2C talk enough. |
| 1:18.0 | For example, when I think about data driven, it's a funny framework for a conversation because even just knowing everyone who's sitting or at least theoretically knowing this room, |
| 1:30.0 | I think we all understand that that framework data driven marketing is like talking about oxygen. |
| 1:39.0 | Data driven marketing is forever. It's been forever. |
| 1:44.0 | In 1996, when I was trying to build my dad's liquor store, I was running hardcore zip code data and income data on direct mail and actually understood. |
| 1:56.0 | There were some really good points at the end here and I think it's probably what I'm going to spend the most time on because I think it will bring the most value. |
| 2:01.0 | The biggest innovation I did in 1996 was I was willing to pay more money to make four different postcards to send in the mail, |
| 2:11.0 | then just run one postcard for efficiency of cost per postcard and send it to 60,000 homes in New Jersey. |
... |
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