DISQUS

Gary Vaynerchuk: Gary Vaynerchuk - You Down With ROI?…Yeah You Know Me ROI. I am...

  • Ben Young · 1 year ago
    Right on the current environment provides HUGE HUGE opportunities, the opportunities of a life time to create game shifting businesses.
  • Eric Ludzenski · 1 year ago
    I was just having this conversation with my friend/business partner the other day. Our marketing budget is REALLY, limited right now, and he was trying to tell me that we'd be best served buying a single advert in a magasine... how wrong! I tried as best I could to explain how limited the ROI would be on his idea, but I imagine sending him this video will explain it oh-so-much easier than I was able to. Thanks a million, mate.
  • Davide Di Cillo · 1 year ago
    this is so true, a lot of people don't even realize what a big opportunity they are missing not advertising online. but untill a new generation of CEO will come up in these huge companies things won't change, cause most of the actual ones don't trust the net yet.
  • Levi McCallum · 1 year ago
    So good.
  • James Fuller · 1 year ago
    You nailed it, very few people I know even bother with the old media channels. It's not interactive enough and current enough for the majority of people any longer.
  • Jarad Johnson · 1 year ago
    Caught this live earlier today and kept my word in visiting the site anyway.

    Linked up on my blog:

    http://jaradjohnson.com/blog
  • Melody Campbell, The Small Bus · 1 year ago
    Yes! Yes! Yes!

    Brian Solis of PR 2.0 says that “…blogging is one of the great disruptors in media. It, at its very foundation, gives a voice to anyone with an opinion and an internet connection.”

    I think the same could be said of all the social media / social networking tools.

    Love you! Great Stuff Gary Vee!
  • Jarret · 1 year ago
    Another great video Gary.

    You are completely right about advertising in newspapers and the like a total waste of money. While there still is a lot of people that read the newspaper I am sure that it has been on a major decline over the past few years. The internet is still very young and is still growing at a massive pace each and everyday. The internet provides instant communication and ideas and best of all.....immediate interaction.
  • debbieS · 1 year ago
    Gary - I watched live today and again right now. I agree with you 100% Print marketing can't give anyone the ROI that online can, it's over.
  • Brandon Eley · 1 year ago
    Gary, you NAILED IT!! Great video. I've sent this to everyone I know... now isn't the time to reduce advertising spending. It's not time to cut back on advertising, but increase it! You just have to increase the RIGHT KIND of advertising!
  • sharong · 1 year ago
    You can track it, if you know what you are doing. And by that, I mean, it has to be qualitatively researched along with quantitatively. Not a lot of people get that.
  • Eric Reagan · 1 year ago
    Great video! Sounds exactly like what we are always telling our clients.
  • Pat Phelan · 1 year ago
    excellent
    really excellent
    I enjoyed this so much
  • Jimmy T · 1 year ago
    For sure...this is a great message.
  • digitaldean · 1 year ago
    GV,
    As someone who was in the newspaper biz, I'm glad I'm out.

    The newsPAPER will be in the dustbin soon enough. This economy for the near term will require SMART advertising savvy.
  • Bryce · 1 year ago
    Love it. Companies need to know that this is where the game is going. Old media isn't going to be around too much longer!
  • Lori · 1 year ago
    Gary! I loooove when you talk business. If I was trying to sell something, I'd take your advice. You're really spot on.
  • Bobby Bo · 1 year ago
    Gary, you are all over it. Why dont we ever hear this stuff anywhere else?
  • zach even - esh · 1 year ago
    shaweeeeeeeeeeet GV

    been getting a lot of action to my gym from facebook, posting pics of our athletes on my account, using my vids and sending them to facebook, and commenting on my athletes' face book pages

    buzzzzzzzzzzzz is ON baby!

    --z--
  • PhoenixP3K · 1 year ago
    I want some of that Tru Blood!
    I do hope companies out there are listening, you have good advice for them.
  • Scobleizer · 1 year ago
    This is why I keep telling everyone who will listen that Gary is THE MARKETER to pay attention to.
  • Gary Arndt · 1 year ago
    So, does WineLibrary advertise on other wine blogs??
  • JohnAtkinson · 1 year ago
    A "must watch" for the millions of people who advertise in the "traditional media." I'll be sharing this one.
  • bugsy · 1 year ago
    True that. Double true!

    I never understood why Microsoft would spend $300 million on a campaign when you can reach probably everyone in the world on the internet 5 times for that price.
  • Shawn_944 · 1 year ago
    Great Gary! And I told you I would watch it here anyway! Ustream was just as fun though!
  • Nevets · 1 year ago
    This is great.

    I just met with some city publishers and they still can't get that their medium is dying. they kept asking me how to increase traffic on their site without using the content from their print edition.Humm... we can't!

    If you want to be relevant - go where most people are. quit trying to be lazy and thinking that the old economy models are going to turn your business around.
  • Rowland · 1 year ago
    so is that a Gucci watch?
  • Diwant Vaidya · 1 year ago
    Like an internet version of Jim Cramer. Nice.
  • Peter · 1 year ago
    This is so bang on ... that the classic old school corp. media peeps will miss it.

    If your job title is something like "Corporate Media Buyer" you need to think about how much of what you spend is measurable.

    If you can't justify the spend with realtime numbers, you need to get on the train coz it's coming at you fast.
  • CaseyLee · 1 year ago
    damn that was good boom boom thunder all the way !!
  • David Dadekian · 1 year ago
    Hopefully you're not only preaching to the converted here. I converted 10 years ago, which was way too soon. I don't necessarily take pride sometimes in being converted early. Thanks again, Gary.
  • Frank D · 1 year ago
    I agree with this a great deal. Data on the success of marketing efforts is crucial and extremely helpful. The issue I was trying to raise yesterday (but my comment was deleted?) is the difference between using social media to connect vs straight up marketing. Using social media as a one way communication tool defeats the the purpose to the users and ends up being treated like any other form of advertising and they create blindness to it. These kinds of discussions help people looking into social media to have a more focused vision of what they should be doing with these mediums. I dont think people who watch this site really need to be convinced that social media is useful, its about what IS the best use.
  • Alex Linebrink · 1 year ago
    Awesome post G.V. --- I love it. Keep up the good work. AND, if you have yet, check out Blog Action Day - it's right up your alley. Basically thousands of bloggers will all be blogging / talking / twittering on the SAME topic on the SAME day (Oct. 15th). The power of community at it's finest.... http://blogactionday.org/
  • Advertising · 1 year ago
    We have been telling our more traditional clients this for years that online is the revolution.

    Don't remain so loyal to print because you have grown up with it
  • mlewis106 · 1 year ago
    I hope a lot of traditional media starts to listen to you soon, Gary, because they're already going the way of the dinosaur and it's going to be a real shame to see such huge traditional outlets going the way of the rotary phone.

    And since you asked your Ustream audience and I was not there, no, I don't read the paper. I have purchased one Sunday paper this entire year so far and that was for classifieds that were useless because all the good deals were on freaking Craigslist!
  • Jeremy · 1 year ago
    Dude,
    you totally rocked it! Well done. It's tough being a prophet ;-)
  • Bobo36 · 1 year ago
    When i had Marketing 101, there was an expression... 50 cents on each marketing dollar is wasted, it's just we don't know which 50 cents it is.
  • Rohan Thomas · 1 year ago
    Hey Gary, Love your work...
    I came to your site and was hooked! Watched all your archieved posts - Awesome work!
    Keep it up man.
    Rohan
  • Josh Smith · 1 year ago
    Fuckin a Gary. Love it my man. And the big thing that many people drug their feet on about social.online media is that you can't track it. Well guess what- you can- tracking the conversation is much more valuable (and effective) than tracking the circ's of these outdated, in trouble publications. Right on.
  • Zac · 1 year ago
    Ripple6 is a social media company that does exactly what you talk about Gary V. They can track and determine the reach of an ad campaign and soooo much more!. Check them out ripple6.com.
  • Bloggeries · 1 year ago
    The GOODS!!!!!!! Way to tell it like it is as per usual.
  • Helen Jane · 1 year ago
    Gary, I have to thank you for making my job (getting wineries up to 2.0 speed) so much easier.
  • Adam · 1 year ago
    I can't totally agree with you on this Gary. Although I think online ads will continue to be strong during this recession traditional modes of advertising will still be important. Things like metro ads will continue to reach audiences focused on saving a dime. It's also important to consider that the mean age in the U.S. is getting higher. Sure your mom spends time on the Internet, but I'm guessing that's not where most of the time-ripened population does their shopping. Also, the rich can always afford nice things, so I don't see Gucci pulling their ads from magazines for the well off. I'm a college student and most of my friends don't know what twitter is. Right now you're preaching to the choir instead of the population at large.
  • Ryan · 1 year ago
    Great stuff as always Gary. You'll become a hero to many bloggers and vloggers as you continue to lead the charge for the big money advertisers to invest more into online advertising into the longtail. So as one of many, I'd just like to say, THANK YOU!
  • CR Tisdale · 1 year ago
    It's great for small businesses that new media is at a point where the playing field is more level in terms of marketing and advertising.

    My wife is currently taking an entrepreneur course, and I'm interested to find out how much they touch on new media when they discuss marketing and advertising (if at all).

    Maybe she should get her instructors to show some GV.com clips in class!
  • Stephanie Quilao · 1 year ago
    As a top blogger in the fitness/health niche, I can tell you that the number of pitches I am getting from big brands has increased 5 fold just in the last two months. These early folks are smart, but a big problem is that they talk to us bloggers like they talk to the "old media" folks and it's a different ballgame in the web big brand people. Stop talking at me and talk with me.

    In terms of magazines, particularly women's mags (my arena), most readers are sick & tired of the "glossy over photoshopped" life portrayed in the ads in those mags. Brands are seriously wasting good money in print ads. Readers are moving to the web more because they get to hear "real people" talking about real life stuff. These are the new brand ambassadors on the web, the bloggers that tell it like it is in the real world. So Gary, you're right on! Brands better start wooing the web with their ad dollars.
  • Brian Social · 1 year ago
    Agreed! GV is the new JJJ (Jim Cramer + Jason Calcanis + Jancis Robinson).
  • Nathan · 1 year ago
    Great insight as always Gary. Now I've just got to figure out how to be on the right side of the coin. I'm guessing that as Social Media becomes flooded with Advertisements, blogs will be the next stop.
  • Tracey Halvorsen · 1 year ago
    Totally Agree GV! We keep telling our clients, if someone is out there on the net, they are basically able to ask the person on the blog or on Twitter, "Hey - so how is that _insert brand, product, watch here_?", and that person is going to tell them how it is. If companies aren't participating in those conversations, or even listening, they are walking across the highway with blindfolds on and earplugs in. These companies need to get over being afraid of the truth (cause the newspaper ad never talked back), and face the reality that its about the conversation now. If they want to keep their heads in the sand, then I agree, its just a matter of time.
  • Lou · 1 year ago
    I agree with you 1000% Awesome and right as usual, Gary. You get me so pumped when I see one of these vids!

    Still just running into too much "old school" mentality from big advertisers that still look at podcasts, web sites, online video, etc. as not being "traditional" media and thus not worthy of a piece of their advertising budget. The return they could get by reaching their target market online vs. the money they waste with big print ad campaigns just makes me crazy.

    Keep going, buddy... we're listening!
  • Milos · 1 year ago
    I agree that it is important to reach the largest audience with the smallest advertising/marketing expense.

    Btw, I have a question for all of you here...when starting a new business what are the best places to advertise?

    Thanks!

    see you on Twitter @topicm
  • grechen · 1 year ago
    great insight...since i'm a blog-owner, the challenge for me now, is how can i add value acting as a middle man between my advertisers and their targets - all over social media, not just on my sites...
  • John, Camas Homes · 1 year ago
    Gary, I agree with your observations and opinions here. Locally our Newspaper company just moved into a $22M building they had built for them -- then today they've announced they are hastily moving back to their old quarters because their revenues aren't keeping up with the expense of the new accommodations! We know why---ROI!
  • sandieman · 1 year ago
    Clowncity in 2008! Best line ever?
  • Julian · 1 year ago
    However, you should be smart about your online advertising. Using banner services = FAIL. I use Adblocker and never have to look at stupid ads again. Sorry Google. Sorry Flash Banners. Keep thinking.

    https://addons.mozilla.org/en-US/firefox/addon/10
  • Rick Knowles · 1 year ago
    Well said, Gary.

    I get the newspaper at my house for one thing: My family reads the comics. I am always stunned at the amount of advertising that gets printed and recycled. The internet is so rich in its ability to target. Smart money goes to web marketing.
  • Joanne Mattausch · 1 year ago
    Perfect - and the best part about the non-traditional advertising sources is that hard work is where you find the returns! Its not about how much you spend or if you spend at all, its about creating branding relationships with your target markets!!
  • josh · 1 year ago
    Gary once again great post but I gotta ask, when are you going to write a book on how to advertise using social media and building your personal brand in the new millennium?

    I'd buy it.
  • WaltRibeiro · 1 year ago
    Yea, I'm down with this. Great post Gary!
  • Chris · 1 year ago
    Your damn right.
  • Ole Bülow · 1 year ago
    So true.. but as always you also have to remember to do ROI as Return On Involvment.. ;o)
  • kenny_k · 1 year ago
    Hit the nail on the head! Good show GV!!!!
  • Tim Wiseman · 1 year ago
    Yep. Yep. & Yep.

    Great rant, I totally agree. This goes hand in hand in developing your brand, and keeping your web, and blogs up to date. It is an investment, and more now of time than $$$.
  • Knick · 1 year ago
    Loved the video Gary!
  • Clive · 1 year ago
    I think that a lot of small and upstart businesses already realise this stuation. Often prices for the old 'mainstream' advertising avenues are wayyyyyyyyyy out of our price budget and often dont only advertise to a teeeeny proportion of our target clients let alone have any means to actually track how many users made a mental note of it etc.

    Best all try to cement all these website roi's we have b4 'every' big boy on the block is playing.
  • Caroline · 1 year ago
    why can't i find this video on YouTube yet?
  • Gary Smith · 1 year ago
    Awesome video.

    Nice use of the magazine props compared to all the eyeballs watching you online. That imagery will stay with me for a while.

    Thanks for the good tips. After spending thousands of dollars on marketing education the last few years...just watching what you're doing is setting the tone for my business and personal branding for the next few years.

    I think that newspapers and the television ARE important. But not to have an advertisement. Better is to get a story on you...via public relations.

    Cmon who actually ever reads an advertisement.

    But people still do read the paper and watch TV shows...even though they are tuning out from the advertising.
  • Ed Roberts · 1 year ago
    Absolutely Gary. I wrote about this very thing back in March. Having been in traditional media AND having lost my job due to this very cut back in advertising in a poor economy, I know the impact it has on traditional media very very well.

    You nailed it on the head when you said that advertising will be diverted to online channels where ROI is better instead of being cut all together. Companies are finally starting to see the true potential of utilizing online social media. Marketing on the internet has matured a lot since the last economic downturn. Also unlike 2001, the internet is not the focus of the economic downturn, so the trust level of the internet is much higher. The maturation of social media is here at the right time.

    In this economic downturn, companies should not be in the business of keeping newspapers, magazines, etc. from failing . They need to be in the business of optimizing THEIR business.
  • Zac Martin · 1 year ago
    You are a legend. Things are about to explode and I can't wait to ride the shock waves.
  • Jacob · 1 year ago
    Apparently the folks at Google also watch Gary V.

    http://arstechnica.com/news.ars/post/20081016-g...
  • Karl · 1 year ago
    Prescient given Google's results yesterday. That fellow talking about solar panels needs to look into panel manufacturing costs & energy requirements though.
  • Angela Wang · 1 year ago
    HAHAHAHA

    CRAMER 2.0
  • Angela Wang · 1 year ago
    This is why I am in SEO!

    I specialize in ROI!
  • Trisha · 1 year ago
    this was SO worth my time. thanks!
  • Josh · 1 year ago
    Damn. I wish I would've watched this before a Q & A lunch with Len Downie today. I would've had such better Qs.
  • Mark Blevis · 1 year ago
    Because magazines cater to niches, offer content that has depth and substance and have a lot of committed eyes, I'm not sure I agree that magazine ads are going to lose their value anytime soon. I'm sure that the ROI on magazine ads remains strong and will remain strong for a good while, yet.

    The other advantage of the Internet over the television? Consumers don't have to replace their computer to watch a new video format -- start putting away money to buy a new digital television or an analog-to-digital converter if you plan on keeping up.
  • Culture Bully · 1 year ago
    Followup on this: http://www.mediaweek.com/mw/content_display/new...

    Rolling Stone print advertising is down how much?

    18.3%

    ...somebody's gettin' it
  • Sam Decker · 11 months ago
    This is why I bought Google stock 3 months ago. Still a good buy! Even if marketers don't wake up to social media with big spend, their pay per click budget will not go away because it may be the online 'line' they have in the sand to judge other marketing spend.
  • Anthony S. Caponiti · 10 months ago
    4th quarter results proved difficult for traditional media, however, I agree with Mark that a niche magazine's ROI is still strong even in this economy, but I'm not sold on major publications likes Sports Illustrated or ESPN the Magazine that have reach but span such a wide demographic. Don't even talk to me about ad spend on television ... move those dollars elsewhere.
  • Carl Romain · 9 months ago
    Well I agree and believe that companies are realizing there are losing out. and they are not able to change quick enough with tech. However they should and probably recognize the problem and are offering money to the biggest bloggers or should I say followers or who have a high ranking to allow them to earn money to advertising on there blog if you qualify , which is another big mistake!
  • Arlene · 9 months ago
    Yes, I think that advertising on the the internet is really the in thing. It's becoming more and more the in thing than television and the newspaper. You learn a lot that way and you stay connected with people.
  • michaelzelbel · 9 months ago
    Yep, and just think about what will happen because we are constantly developing cellphones more towards social network devices. Boy it will be grand!
  • Michelle · 5 months ago
    How about if the advertisement is free .. try it free at http://www.adwido.com
    What do you think about it?
  • josh74 · 5 months ago
    .
  • josh74 · 5 months ago
    He is soooo right.. I used to work for a firm that is making a huge profits with this.
    Problem that it creates more spam in some areas.
  • NRI · 2 months ago
    Nice post, thanks. I’ve printed it out to hang by my desk, in my home office that supports my mostly online business.
  • Kelsi Guidry · 1 month ago
    My favorite # is 7! 5 is alright I guess
    Oh yeah, I don't like ROI
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