Added: Aug 30, 2023
In this podcast, GaryVee discusses the current state of the marketing industry and the importance of being consumer-centric. He shares insights on the role of AI, the impact of social media, and the need for creativity in advertising.Consumer-Centric Marketing
Gary emphasizes the importance of being consumer-centric in the marketing industry. He believes that success is not determined by budget, but rather by how well a company focuses on the needs and preferences of its consumers. He criticizes the industry for moving away from consumer-centricity and trading on relevance. He encourages marketers to prioritize the consumer and make decisions based on their attention and value.
AI and Data-Driven Advertising
Gary acknowledges the growing importance of AI and data in the marketing industry. He believes that marketers should be educated about AI and should not shy away from using it. He encourages marketers to play with AI and explore its potential, as it is a technology that will have a profound impact on their lives and careers. However, he cautions against blindly following AI recommendations and emphasizes the need for human judgment and common sense.
The Role of Social Media
Gary discusses the role of social media in marketing and its impact on creativity. He believes that social media has democratized creativity and given individuals the power to create and distribute content. He highlights the success of micro and non-traditional creators on platforms like TikTok and emphasizes the importance of understanding and leveraging social media creatively. He also criticizes the industry for undervaluing social media creative and not taking full advantage of its potential.
Creativity in Advertising
Gary emphasizes the importance of creativity in advertising and the need for creatives to have more self-esteem. He believes that the industry needs to foster a creative culture that is responsive to results and not focused on outdated notions of being a "cigarette smoking artist." He shares his experience at VaynerMedia, where they have implemented a daily creative practice for their entire creative department. He believes that creatives should be making creative every day and that this merit-based approach will lead to better results.
Leadership and Paying It Forward
Gary discusses his belief in karma and paying it forward. He attributes this belief to his upbringing and the influence of his mother. He believes that doing nice things is its own reward and that it is the right thing to do. He encourages leaders to adopt a similar mindset and prioritize doing good without expecting anything in return.
Super Bowl Ads
Gary defends the value of Super Bowl ads and believes that they are the most underpriced media globally. He argues that for $8 million, brands can reach 170 million Americans who are actively engaged in watching the ads. However, he criticizes the industry for using Super Bowl ads as a showcase for agencies and celebrities rather than focusing on driving business results. He believes that Super Bowl ads can be effective if they are executed properly and if the creative is informed by data and consumer insights.
Conclusion
In conclusion, Gary emphasizes the importance of being consumer-centric, leveraging AI and data, embracing social media, fostering creativity, and paying it forward in the marketing industry. He believes that these principles will lead to success and better results for brands. He encourages marketers to be open-minded, curious, and willing to adapt to the changing landscape of the industry.
