The Power of Under-Priced Attention
The GaryVee Audio Experience
Gary Vaynerchuk
4.8 ⢠18.3K Ratings
đď¸ 4 July 2024
âąď¸ 23 minutes
đď¸ Recording | iTunes | RSS
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Summary
Today's episode of the podcast is a fireside chat I did with M13. I start my talk by sharing my thoughts on what industries will be disrupted in the next 5 years, and why it's crucial to spot and use underpriced attention, like Facebook Reels right now. I also discuss the big changes coming with tech advancements like A.I. and the rise of new social platforms. Plus, I share some advice on investing in new tech and my thoughts on the role of luck and work ethic in success. Tune in for some real talk on the future of business, marketing, and tech! â
Transcript
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| 0:00.0 | Today the underpriced attention is. |
| 0:03.0 | 1998 Wine Library, my dad's liquor store had 150,000 people on its email newsletter |
| 0:09.0 | and had 91.3% open rates. |
| 0:12.0 | Google AdWords, when they came out, |
| 0:13.8 | I bought every wine term, people forget, |
| 0:16.1 | but they were five cents floor for about eight months |
| 0:19.0 | or so before 10 cents became the floor. |
| 0:21.0 | And literally I owned every word word from wine itself to Silver Oak |
| 0:24.8 | to Chateau Lafite and I was able to build a very large business for my dad with |
| 0:29.0 | very little capital because I was able to understand where the underpriced attention was and I was able to understand where the underpriced attention was, |
| 0:34.3 | and I was able to understand how to fill that underpriced attention with the creative. |
| 0:38.0 | Good to have you here, Gary. |
| 0:42.3 | It is truly an honor for me personally. I don't know if you remember. I think we brought it up. |
| 0:48.0 | We've brought it up, we're probably not in a long time. About 15 years ago when you have my library and my brother and I were starting our alcohol |
| 0:54.8 | brand V, not to be confused with V, but we could have been partners maybe back then. |
| 0:58.6 | We reached out to you and so it's an honor to share a stage with you and a couple of adult |
| 1:05.3 | beverage guys. Congrats on everything. Thank you. It's really nice to be with |
| 1:09.0 | everybody. You're part of the last panel but one of the things that I really have always respected a ton about you is the kind of a grit and the hustle, and it doesn't have to be burn-up, but per the last panel, it was really interesting and kind of think that those were some of the qualities |
| 1:24.5 | that I think you really embody. |
| 1:27.2 | So anyways, moving to the future, what are kind of industries or areas that you think are really going to be |
| 1:34.0 | disrupted in in the next five years? Like what will surprise us or what do you think |
| 1:38.9 | no one kind of sees coming right now? You know it's ironic given you know the makeup of the room in here I |
... |
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