#QOTD: I need YOUR eBay story. Go in depth. I’m reading all the comments this weekend.
#TIMESTAMPS
1:39 – Will people pay to have questions answered by experts through live video apps, like Fountain?
4:59 – What 3 questions do you most commonly ask your clients when meeting them for the first time?
8:31 – 3 seconds counting as a view for Facebook video…moderately misleading metric or incredibly bullshit metric?
10:12 – What’s your best piece of advice for a first generation American entrepreneur, venturing out on her own, away from her family business?
12:40 – Do you think eBay will become irrelevant if they don’t innovate?
#LINKS
Submit a question: https://www.garyvaynerchuk.com/what-youll-need-to-get-garyvee-945936926.html
Follow me on Instagram: http://instagram.com/garyvee
People will pay for anything…if they perceive it has value. If there was an #AskGaryVee Show in 1967 and I got a question like this, I’d say something like “Hey groovy cats, it’s the AskGaryVee Show. Dawn, your question is like asking if people will pay for water. No way!” That would be the WRONG answer. What happened was that Poland Springs, and probably a lot of brands before Poland Springs, came along and convinced people that bottled water had value. Here’s a fun weekend activity: go ask your grandparents what they thought about the idea of people paying for water.
In fact, think about how you feel. A bottle of water in an airport? We’ve all done it. It’s an absolute brain twist.
So yes, people will pay for answers from experts on live streaming apps. Even though you can watch now for free, people will stay end up paying down the road.
Now the question is: are you good enough to charge people? Have you built up equity? Have you put in the WORK?
And more importantly, how many people have built up that presence and have the charisma and ability to charge per answer.
The people that have pulled it off have had to be in an interesting part of their career, or they really enjoyed it. I love Q&As so much that I do this show for me. Do you have the chops to make it happen for you?
—
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a M to a M business in just five years. Now he runs VaynerMedia, one of the world’s hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a M angel fund.
The #AskGaryVee Show is Gary’s way of providing as much value value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
Wine Library: http://winelibrary.com
Facebook: http://facebook.com/gary
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/@garyvee
Watched all 90 videos this week. Brilliant stuff. Thanks for all you do.
I bought and sold everything that wasn’t nailed down for about a year.
Confession I even had a brother that was a sales rep for a manufacturer,
and he would give me samples and I would sell them. It was awesome.
Gary, want to talk to you about investing in a start up. :)
#QOTD: I need YOUR eBay story. Go in depth. I’m reading all the comments
this weekend.
I got in on eBay early. I was a seller who sold tutorials on how to make
money on ebay…. I would buy tutorials and turn around and resell them.
And I would sell all of the tutorials together for the same price that
others were selling just one tutorial. I did try to do some of the
tutorials and some were successful… BUT NONE WERE AS SUCCESSFUL AS
SELLING THE TUTORIALS THEMSELVES… which I thought it was interesting… I
eventually realized I made more money in other ways so I moved on…. I
never really used ebay to buy anything except watches.
Wow Gary thanks so much for covering my question. I completely agree, I
believe someone will fill the market with what eBay use to be. The online
garage sale that everyone loved so much. Also your beard is getting mean
:D.
My very first time using eBay, I got screwed by order a super cheap iPod
only to receive a screen cover, but it only cost like $1 so whatever.
My best purchase on eBay, though, was buying my MacBook for college with
the RAM upgraded and a ton of software pre-loaded on the computer at a very
discounted price. It still works great after 5 years, so it was not a bad
purchase at all.
Damn it Gary. It’s coincidental not ironic. Haha, great vid as usual.
#ReviveDRock
#QOTD: Don’t have one—next comment!
A to Q of the Day – I have purchased from EBay in the past – it was a good
experience the few times I have done this. As for Instagram and SnapChat
— I have an Android LG Optimus Virgin phone and, for some reason, I have
not been successful with these two platforms. I am stuck viewing Meerkat,
that I love, on my browser.
+Gary Vaynerchuk Maybe YardSale was too much ahead of the curve? Before
its time? You should resurrect that!
#QotD I started selling on eBay 5-6 years ago specializing in retro video
games. I used it as a great source of extra income for the entire 5 years
while I worked as a chef. I decided 6 months ago to leave my job and go
full time on eBay and Amazon. Now I am reselling full time on both
platforms and doing well. I document all of my successes and failures
through youtube and one of the questions I consistently get is about eBay
going downhill. Many sellers feel eBay has been limiting their success
recently with the new fee structure and gear towards new merchandise. That
is why I submitted the question.
#QOTD: Used it to buy stuff a couple years ago, tried selling stuff on it
recently with minimal success. Really don’t use it a whole lot anymore.
The #QOTD wasn’t too clear but I’ll give it a shot.
My feeling on eBay: I don’t like the fee model of eBay, it’s awesome Amazon
lets you keep products up there without charging you for it.
The Future of eBay: I think eBay should keep their eyes on the horizon for
the competitor you described and do a micro-acquisition, they certainly
have the cash to do it. They should take a page out of Yahoo!’s book.
Cheers Gary
Twitter– @robert_maisano
“wudder” love how you say water. xoxo
I would be afraid of you throwing a ball around the office. If you have a
moment of intensity, I could see you throwing that at someone or something.
#QOTD: I’ve only really ever sold musical instruments on eBay. It was a
good run. I’d like to see Etsy become an eBay renewal or something similar.
Maybe a storage unit auction site (prob been done) like junktrunk or
something… +Gary Vaynerchuk
My eBay Story (2005/2006) +Gary Vaynerchuk
-Drop shipping eBay business called “TheDormRoom” and it was nothing but
drop shipped Twin XL (standard dorm room bedding) bedding, sheets,
comforters, pillows….. GREAT idea. Poor sales execution while I also was
learning all about online marketing & ecommerce, eBay strategies, some
coding & HTML, and was more of a learning experience with small margin
victories. This was all while living in a dorm room as a Sophomore in
college, basically a year of struggling for $hundreds in profits, and ONLY
worth the experience and lessons learned.
Thank you for the A to my Q!! As for ebay I actually used it circa
2005-2006 to sell items that were not selling in my physical brick and
mortar store Bella Dawn in Jersey. It was a great way to liquidate. I use
Poshmark app now to sell gently used fashion items I have. Love it more
than ebay because it is immediate no auction and people can put in an offer
if they want to negotiate price. :)
I don’t believe that everybody has to put in 18 hour days where every
minute is spent hustling to become successful within their own
business/start up. Tim Ferris and he’s books are a great example of this.
Personally I wouldn’t want to sacrifice the things that keep me mentally
and physically performing at my best like exercising, reading and learning
new languages and skills. That will all take hours out of my day but I
still truly believe I can become successful within my next big ventures
while still doing those things.
#QOTD as a kid I was into Trading Card Games: Magic the Gathering etc.. and
I would buy and sell on Ebay and I was able to be profitable on my hobbies
that way. I also thought it was important to game your hobbies and make
them break even or profitable if you can. I’ve recently gotten back into
Ebay but for their affiliate model, so now I’m leveraging my product
reviews on things using Ebay and Amazon Affiliate links. I’m the kind of
person who can/will monetize everything.
I refuse to get back into video games until I can monetize it. Which I do
have a plan for so I could turn those two hours a week into cash on the
back end.
amazing video man! really loved the whole behind the scenes of vayner media
part, its nice to see outside of the room you film in too! I honestly well
and truly have never used eBay before in my life. Followed your instagram!
finished Crush It last week, started Jab this week!
#QOTD In the 6th grade (2006) I had assignment in my computer class was
to sell something on ebay. I crushed it and wound up selling a few
different things to make a few hundred bucks. I loved it.
Gary Va90’er chuk
I had an expensive professional studio keyboard/piano up for sale on eBay
with some studio speakers. I took it to a Fedex location to have it
professionally packed and shipped with insurance. When the item arrived at
the buyers house he claimed that it was broken and sent it back in pieces
without the speakers. Fedex would not take blame for the shipping or
packing so i lost confidence in the insurance they provide and since then
don’t sell anything over $100 on eBay and there hasn’t been many items
since anyway.
#QOTD Hey garry. So my names Gabriel. Im a 16 your old who has been very
entrepreneurial since i can remember. Even at my age ive always wanted to
start a business (even at my age) but dont have the time or means to and
one day came up Micheals (guy who asked the ebay question) page. It got me
into selling on ebay. Since then i have ordered from wholesalers off a site
and resell the products on ebay. Although this still isnt starting my own
business its fun and is teaching me things. The sales have had ups and
downs but im hoping to keep building and make some money of ebay. Thats my
story! thanks for listening.