Podcast Summary
Join Gary Vee's interactive morning show 'Tea with Gary Vee' on Facebook Live: Gary Vee's new show offers real-time answers to audience questions, community engagement, exclusive deals, and insights on various topics.
Gary Vaynerchuk, also known as Gary Vee, has launched a new interactive morning show called "Tea with Gary Vee" on Facebook Live every weekday from 9 AM to 11 AM EST. The show is a deep dive into answering audience questions in real-time, and viewers can submit their questions via a community app using the hashtag #teawithgaryv. Gary emphasizes the importance of community engagement and encourages viewers to share the show on social media platforms and build a real community around it. He also offers exclusive deals on his WineText platform for those who tune in. During the show, Gary shares insights on various topics, such as influencing the younger generation, accountability, and the power of gratitude and optimism. If you're interested in joining the interactive experience, tune in to Tea with Gary Vee every weekday at 9 AM EST on Facebook Live.
Staying true to oneself despite backlash: Embrace change, learn from criticism, and focus on self-worth beyond social media metrics for personal growth and happiness.
Evolving and staying true to oneself is crucial for personal growth and happiness, even if it means dealing with negative feedback and potential loss of engagement. The speaker shares her experiences of facing backlash when she changed her content or appearance in her business career, but emphasizes the importance of staying the course and focusing on self-worth beyond social media metrics. She encourages young people, especially those with a large following, to enjoy the journey, learn from experiences, and not get too high or low on external validation. Instead, they should strive for happiness as their ultimate goal and use their influence to lead positively.
Managing expenses and focusing on brand awareness during uncertain times: Assume a hard year, bunker down, expand wisely, tighten up expenses, create valuable content, and show compassion online.
During uncertain economic times, it's crucial to have a solid grasp of your business's expenses and profit margins, be thoughtful about your team and expenses, and focus on building brand awareness. As influencer Tara Mackie shared, entrepreneurs often excel at offense but neglect the bottom line. In the current context, it's wise to assume a hard year and bunker down, while also expanding and tightening up expenses. Regarding social media platforms like TikTok, it's essential to create content that genuinely serves your audience and adds value, rather than just following trends. The power of compassion and turning negativity into positivity, as discussed by the guest, can also help in building a strong online presence and community.
Consistency and Early Adoption on Social Media Leads to Growth: Staying consistent and being an early adopter on social media platforms like TikTok can lead to significant growth and opportunities. Focus on both organic creative and media amplification to maximize reach.
Staying consistent and being an early adopter on social media platforms, such as TikTok, can lead to significant growth and opportunities. Gary Vaynerchuk shared his experience of how Instagram helped him become a number one bestseller and build a large audience. He emphasized the importance of posting frequently on TikTok, as the platform is still evolving and there's potential for growth. He also warned against the perception of not being big on the current platform and encouraged staying the course. Jackie, a listener from Wichita Falls, Texas, asked for advice on how to reassure her local clients not to give up on their social media efforts during uncertain times. Gary emphasized the importance of staying consistent and continuing to tell their story. He also clarified that they should focus on both organic creative and media amplification to maximize their reach.
Providing personalized advice during uncertain times: Empathize with clients, understand their circumstances, and put their needs first to provide effective advice during economic uncertainty.
During uncertain times, it's essential to provide personalized advice to clients based on their unique financial situations. While some businesses may have the means to double down on marketing efforts, others may need to cut expenses and pause campaigns. As a consultant, it's crucial to be empathetic and understand each client's specific circumstances before offering advice. Additionally, being authentic and speaking from the heart is more important than ever in organic content. Ultimately, the advice given during this time will impact a business's reputation and financial future for years to come. It's essential to put the client's needs first, even if it means suggesting they spend less with you. The right advice is always selfless, especially when it's hardest.
Creating a culture of value: Focusing on employee growth and client relationships can lead to rapid business growth and a loyal following, even when it means sharing knowledge with competitors.
Building a successful business goes beyond just providing a product or service. It's about creating a culture and environment where employees and clients feel valued and cared for. For instance, a barbershop chain in New Jersey has become more than just a place for haircuts by focusing on employee growth and client relationships. The founder, who left a high-paying job to work on the business full-time, emphasizes the importance of transparency and sharing knowledge, even with competitors. To continue growing rapidly, they've hired a full-time videographer to create content and have started exploring other avenues to monetize their connections. The ultimate goal is to expand the brand beyond New Jersey. The founder's unique approach to business, which includes putting out valuable advice for free and focusing on employee and client relationships, has led to confusion and criticism from some, but also rapid growth and a loyal following.
Provide valuable content to transition members to a subscription-based service: Investing in content creation builds a community, fosters long-term growth, and can lead to a successful subscription-based service.
Creating and providing valuable content can help transition members from a mastermind group to a more advanced, subscription-based service. This can be achieved by inviting members to a Zoom call to explain the new offering and build excitement. The content creation process can be kept in-house to build a community and invest in long-term growth, even if it comes with a higher cost. It's important for business leaders to consider the benefits of investing in overhead and culture, even if it's not the most financially efficient option in the short term. Additionally, expanding a business should not be the primary focus, but rather the desire to reach and help more people with a unique offering.
Scaling a business with small profit margins: Patience, innovation, or external investment are key to scaling a business with small profit margins. Stay committed, avoid distractions, and focus on building a lifestyle brand.
Scaling a business with small profit margins requires patience, innovation, or external investment. The founders of a successful wine and barbershop business share their experiences, emphasizing the importance of hard work, dedication, and a focus on building a lifestyle brand. Despite the challenges, they encourage persistence and caution against being swayed by easy advice or the allure of passive income. Starting from scratch and growing a business takes time, effort, and a deep commitment to the venture. The founders' passion and devotion to their business have paid off, and they encourage others to stay the course and avoid getting sidetracked by distractions or false promises.
Investing in Employees and Brand: Keys to Success: Focus on employee growth and brand loyalty for business success. Patiently invest in intelligent children and find strategic partners for growth.
Focusing on employee growth and staying true to your brand are keys to success, even in a competitive market. Money isn't always bad, but it's important to consider the type of investment and the potential impact on your business. Intelligent children, who may be more advanced than adults in certain areas, can be motivated to use their knowledge for good through exposure to various opportunities and experiences. The speaker emphasizes the importance of patience, staying the course, and not getting distracted by external pressures or comparisons. Additionally, finding strategic investors or partners can help a business grow while maintaining control and independence.
Balancing positive and negative reinforcement for kindness: Model kindness, punish negativity, praise positivity, and create consequences for actions to raise empathetic children
Raising the next generation with kindness and caring requires a balance of positive and negative reinforcement. According to the speaker, current parenting practices lack sufficient accountability for bad behavior and celebration for good behavior. To encourage kindness, it's essential to punish negative actions and praise positive ones. This framework creates a foundation for children to understand the consequences of their actions. Additionally, adults must model kind behavior and avoid hypocrisy. By taking away privileges for bad behavior and acknowledging good deeds, we can help raise a generation that values kindness and empathy. The speaker emphasizes that this approach is crucial in addressing various societal issues, such as global warming, species extinction, poverty, and the digital divide. Ultimately, how we raise the next generation sets the tone for humanity's future progress.
Stay true to your passion and values: Creating and sharing content for education without excessive monetization can lead to a large audience. Explore alternative ways to make money and focus on building your brand during social distancing.
Creating and sharing content for the sake of education and helping others, without monetizing the audience excessively, can be a sustainable and fulfilling way to build a brand and reach a large audience. The speaker, who uses animation for science education and shares her work on social media, emphasizes the importance of staying true to your passion and values, even if it means not monetizing your entire audience. Instead, she suggests exploring alternative ways to make money, such as corporate clients, merchandising, or live events. During times of social distancing, she recommends focusing on building your brand through consistent posting on various platforms. Ultimately, the key is to give back to your audience while also creating opportunities for monetization outside of your content.
Focus on key areas and maintain balance: Patience, focus on processes, and diversification lead to business success. Live frugally, let go of less important projects, and maintain personal interests for balance.
Focusing on a few key areas and keeping overhead low can lead to significant success, especially for those just starting out. The speaker emphasizes the importance of living frugally and being patient in the process. He also encourages learning various skills and not being afraid to let go of less important projects. The speaker shares his belief that the individual, who is only 14 years old and already building multiple businesses, is destined for greater things and should focus on mastering processes rather than just chasing money. Additionally, he suggests selling off unnecessary Instagram accounts and focusing on personal interests outside of business to maintain balance. Overall, the conversation highlights the importance of patience, focus, and diversification in building a successful business.
Balance work and enjoyment during youth: Emphasize hard work and dedication, but also prioritize friendships and fun. Seek inspiration from various sources, stay optimistic, focus on the process, and use gratitude as a tool for growth.
While it's important to focus on personal growth and skill development, it's equally important to take time for friendships and enjoyment during youth. As shared in the conversation, the speaker emphasized the importance of hard work and dedication, but also encouraged balancing it with some fun and socializing. He also emphasized the importance of having a positive mindset and seeking inspiration from various sources, even if one doesn't have a traditional role model or framework for success. Ultimately, the speaker encouraged listeners to stay optimistic, focus on the process rather than the end goal, and use gratitude as a tool for growth.
Embracing Self-Reliance and Introspection for Personal Growth: Look within for confidence and humility, don't rush personal goals, express unique abilities, and take chances on oneself.
Self-reliance and introspection are key to personal growth, even when faced with adversity. Ash shared her experiences of working since a young age after losing her mother, feeling both wise and lost at the same time. She emphasized the importance of looking within oneself for confidence and humility, and not putting unnecessary pressure or time limits on personal goals. Ash also spoke about the importance of finding and expressing one's unique abilities and ideas, and not letting fear hold one back. Ultimately, Gary encouraged Ash to reach out to him and offered her a job opportunity, emphasizing the importance of taking chances and believing in oneself.
From steakhouse to basketball courts: Passion fuels hustle and drive to overcome adversity and pursue dreams, no matter the obstacles
Passion and determination can lead to great achievements, even when faced with adversity. The speaker, a former basketball player, shared his inspiring journey from working at a steakhouse to playing professionally in various countries. Despite setbacks and challenges, his love for the game fueled his hustle and drive to pursue his dream. Now retired, he's facing a new challenge: balancing entrepreneurship and teaching. The story serves as a reminder that when we're passionate about something, we'll find a way to make it work, no matter the obstacles.
Balancing Business and Personal Passions: Explore partnerships, trusted individuals, alternative revenue streams, and let go of perfectionism for balance between personal fulfillment and financial stability.
Running a business while pursuing personal passions and desires can be a challenging balance between happiness and financial stability. The speaker suggests considering partnerships or bringing in trusted individuals to help run the business and allow for more time to focus on personal goals. Additionally, exploring alternative revenue streams, such as virtual businesses, can provide financial benefits and align with personal passions. It's important to remember that perfectionism can be a hindrance and to not judge oneself too harshly, especially when trying to balance multiple priorities. The speaker encourages focusing on progress in the long term rather than getting bogged down by daily setbacks. Overall, finding a balance between personal fulfillment and financial stability requires careful planning, adaptability, and a willingness to let go of perfectionism.
Appreciating audience engagement and providing value: Speakers emphasized the importance of engaging with listeners, providing value, and building a community through authenticity and generosity.
Importance of engaging with the audience and providing value. The speakers expressed their satisfaction with the show and encouraged listeners to sign up for WineText to receive discounts on wine purchases. They also acknowledged and appreciated the listeners who engaged with the show by leaving reviews and signing up for the text service. The speakers also invited listeners to text in with questions for a chance to be featured on the show. Overall, the tone was upbeat and engaging, emphasizing the value of community and connection. The speakers also emphasized the importance of authenticity and generosity, as seen in the positive reviews they received and their commitment to providing value to their audience.
