The GaryVee Audio Experience

#QOTD: Do you think that your culture (wherever you're located) has gotten soft? Do you think we should we have 7th place trophies?

High-end wine is as much of a hoax as the art world is and as much of a hoax as a high-end restaurant charging $10K for a a once in a lifetime meal. It's as simple as supply and demand. Is a stock price a hoax? My answer? Yes and No. 

I used to think that the amount I was being paid for my speaking engagements was a hoax, but then I realized that I was getting compensated for what I was doing for that event. Is an actor quietly getting $8 Million for a movie a hoax, as opposed to an athlete who constantly gets ridiculed for being over-paid? It's all an arbitrage. That same actor is putting people in the seats and ad budgets are being leveraged against the appeal of that actor/actress.

So, can I taste the difference between a $10 wine and a $100 wine? ABSOLUTELY. I live it. It's what I do. The beauty of wine is that everyone has their own palette -- similar to how people have different taste perceptions of art and music. It's simple branding. It's supply and demand. My advice? DON'T. DRINK.GOOD.WINE. It's all supply and demand. If you start to taste the good things (first class plane tickets, front row seats, etc.), you'll put yourself in the position to realize it's not a hoax. It's all perspective. It's context baby! Don't complain about it unless you're prepared to never taste it.

Direct download: EPISODE_49_Copy_01.mp3
Category:business -- posted at: 7:29pm EST

#QOTD: How was your Thanksgiving? AND, what's your Jets vs. Dolphins prediction for tonight's game?

I literally spend ZERO time focusing on my competition. I don't look to the right of me or the left of me -- It's all forward moving for this guy. I focus ALL of my time on people, the teams around me, and our focus for the future.

Do I know what the competition is doing? Sure, to some level - but I never go deep as my understanding typically goes as far as reading headlines and hearing some of the buzz of the industry. The biggest mistake I see entrepreneurs making is paying too much attention to those around them. Sure, take a look back once and while to see who's on your tail, but at the end of the day your focus needs to be on your own domain. If you can focus all of your attention to accomplishing what you set out to do, full-steam ahead, you'll win. 

Not only will you win but you'll be able to razz the competition a bit while you ignore them :) I find that not paying attention to your competitors is actually a tactic to be used and a competitive advantage which allows you to focus your energy on the work you've set out to do in the ways in which you've set out to do it.

Direct download: 141201_EP48_videos.mp3
Category:business -- posted at: 3:27pm EST