– [Voiceover] James asks, “What are your thoughts on
podcasters and YouTubers “building a business
model around donations?” – James, great question. You know, it’s a trend
we’ve seen for a long time. I saw bloggers do this back in 2003 using PayPal as a tip jar. Right, there was a, you know, this has been a thing that’s
been around for while. I think though, as the
evolution of the Internet is happening, much like the
reasurgence of podcasts, I see this model in a
world of post-Kickstarter, becoming more of a trend. I definitely see it as something
that I won’t do for myself because I’m just using my
content as a global jab, but I could see myself that if
it was the only thing I did, if I was only this, right? If I was only the character that I am when I put on the podcast
and the show, meaning, when I say character, I
want to define that for you. Meaning, this is what I
do for a living, right? I put out my marketing thoughts. Like, I’ve had my career. I don’t wanna be a practitioner anymore, I don’t wanna run this company. And I just wanna write books,
speak, and put out the show, I would probably go
with that kind of model because I need a sense of
and a source of income, and more importantly, you start realizing, and this is a great piece
of advice for all of you, no matter what you do,
sell cheese, put out shows. Whatever you do, and a lot of you do a lot of different things,
real estate, you know. That 5-10% that most
give a crap about you, boy! The VaynerNation, boy! That stuff really matters,
and a lot of times you can rely on them because
they’re getting value. I have been blown away, humbled even, by the amount of people who have commented over the last seven to 10
episodes saying things like, “Man, I’ve come to realize
I’m really into this show.” Or, “This is my best part of my day.” Or, “This is when I get
motivated,” like, you know, it starts becoming valuable. And then I can see the kind of, it’s a hedge against
I’m charging for this. It’s kind of like a guilt move, but it’s also like a support me move. You know I think it’s a
very viable kind of attack. And if you’re considering it, or anybody here is considering it, you know, if you have
enough mass of loyaltists, you can actually make it valuable. You know, if you only have seven people that give a crap about you
and they give you $10 a month, you’ve got 70 bucks a month. Not gonna necessarily crush it that way, but if you’ve got a real big audience and you can get that
5 -10% to really support, there’s some dollars behind it. – Hey, Hunter Walk from Homebrew.