#AskGaryVee Episode 7: Parents, Patience, and Pie

or the people that inspire you? Did you ever have a mentor? – Mark, you know, for people that watch me or have followed me over the
last seven or eight years, this is a very easy answer. I’ve been hard-core about this. I’ve never really been a big
fan of any business idols, including the before-mentioned Mark Cuban, or you know, really the two entrepreneurs, or people that have ever
kind of over-indexed to me were Walt Disney and Vince McMahon, because they were heavy storytellers and turned businesses out of that. I like that, but to say
they were my mentors or I looked up to them,
there is no Steve Jobs or Donalds Trumps, or Carnegies, there is nothing like that in my life. My life is really focused
on two individuals: Tamara and Sasha Vaynerchuk. Tamara from the HR
people skill foundation, Sasha from the work ethic, (spits in hand) you know, we mentioned that
in episode three or four. So, you know, they’re
really my only mentors,

who makes his living off of YouTube. Lately a lot of people have been asking me what my next step is, because
they don’t think YouTube will last forever. But I think it will only continue to grow. So my question for you
is, should I hedge my risk by expanding to other platforms, or should I go all-in on YouTube. I’d love to know what you think. – Matt, how many of these people have two million plus
subscribers on YouTube? (bell ringing) Thought so. So go with your gut,
you were 100% correct. I’ve already made a mistake
on YouTube early in my career going to Viddler full-time. And I made one right
correction of jumping on it months after it came
out in the first place. YouTube is the platform,
along with Netflix, and emerging other platforms like a Vimeo or an Amazon, Hulu, many other things that
will pop up along the way. YouTube is an anchor of
video content consumption, and I think your
intuition is 100% correct, and I would keep doing
exactly what you’re doing. I see it going nowhere, fast.

what do you consider more valuable, enthusiasm or action? – Mister Money, before
I answer your question, let me ask you a question. How does one get a name like Mister Money? That feels, pretty remarkable. You know, Gary, Money.
(cash register ringing) I like it. Anyway, action or enthusiasm? The truth is, my friend, M squared, can I call you that? Mister Money. The real answer to that question, really, is both. The funny thing is, I know tons of people with massive enthusiasm, and they can’t execute dick. On the flip side, I know
people that can execute A’s on all their papers,
but without that passion, or bravado, or fire, they’re only able to get limited return on that investment of execution. So to me, I’m probably a 60/40, action execution 60, enthusiasm 40. I know a lot of people might not get that, but the truth is, I’m way more
proud of my execution skills, all this charisma hides what I really am, which
is a hard-core executer. Don’t forget, I had
executed a large business before I ever hit the scene. I was already 30 years old
when I started Wine Library TV. And started that whole process and so, I’m a 60/40 execution, enthusiasm action, I might even be a 65/35. Heck, as I sit here, maybe I’m a 70/30. – [Voiceover] T.Jay asks,
how would you suggest

– [Voiceover] T.Jay asks,
how would you suggest an indie artist use their marketing money when the royalty check
comes in six months later? – Jay, first of all,
thank you for the music, today. Big ups to him. And, the royalty check
coming six months later, how do I think you should execute on that, is very simple. I think you should execute
six months of patience. If you don’t have the money, you just wait for it to
come, and then you execute. There is a lack, word play Jay, and everybody else is watching. There is a lack of patience. The thought that your royalty
check comes six months later, means that whatever you
wanted to do with that monies, you know, to attack, just
has to wait six months. And so, practically, I’d just wait. – [Voiceover] Thomas asks, cake or pie?

– Thomas, this is quite simple. For me, this is pie. I’m obsessed with blueberry and apple pie, though I don’t eat those
kind of things anymore, but, pie. – [Voiceover] Liz asks,
any tips on how to make

an unknown hashtag, like #mommyenergy, popular and well-known? – Liz, first of all I love that name, wife’s name, sister’s name. Second of all, it makes me sad, Liz, that I have to attack you, in a good way. With the following question,
so everybody pour yourself a little bit of sherry. Grab your cigars if you
like that kind of thing. ‘Cause this is a long-winded answer. One of the things I thought
about over the weekend is to give some real meat on the bones on some of these answers. You’re gonna have your
pie or cake questions, which I love by the way, and I want more of those, by the way, so ding those up. Ding those up? What the hell does that mean? I also want to give long-winded answers to when they deserve them, and Liz, I appreciate you, because
you asked a question that a lot of people are focusing on, and I want to put some
real girth behind it. And so here we go. Liz, first question back to you, a little ping pong action here is, why do you want it to trend? So you get something to trend,
and the interesting thing is, as we all know, trending hashtags, hashtags in general, are
actually not very own-able. Right? If you create a hashtag,
anybody in the Twitter universe can jump along and use that hashtag. More importantly, when
hashtags, you know, trend, we’ve seen a lot of spam people jump in and use that hashtag in their tweet, to create spam, to create porn. You know, the funny thing is, is I always ask why. So my question to you is why? Steve throw it out here, you
can be part of this question, what’s the hashtag? – #mommyenergy. – You know, by the way,
speaking of mommy energy, I spoke with Steve’s mom
on Twitter this weekend, and she mentioned that
she liked Steve on camera, so that was a little mommy energy. You know, Liz, the real question is, why would you want mommy energy to trend? Do you feel that you then benefit from it? Do you not realize that
every mommy blogger, anybody selling products to mommies, anybody authoring mommy books can jump in, use that hashtag, there is no ownership. There’s limited upside. You know, the only reason I
use the #AskGaryVee hashtag is to find the questions easier. It’s a utility, it is
not a marketing engine, to take me to the next level, because I know it’s so un-own-able. And so, that is really
the question, to me, to everyone who’s watching, which is, why would you want to own
it in the first place? That’s something that
you need to think about. The why, against any
action, is really the thing that people are not
spending enough time on. The strategy matters. My friends, I really
appreciate you being a part