Thursday, November 6, 2008

Upbeat in a Down Market

Gary Vaynerchuck shares his take on social media. Gary is a leading social media Gary Vaynerchuk has captured national attention as a businessman and Internet celebrity. Gary’s fame can be attributed to his pioneering, multi-faceted approach to personal branding and business building. more.

Gary’s 7 Points on a Social Media Upturn

1. “Hustle” - improvise, be resourceful, do whatever it takes to care for your community. Tough times require creative solutions.

2. “Next 24 months are the biggest opportunity for social media” - social media is mature. “It’s a baby. But it’s mature. It’s a baby with a mustache.”

3. “Large companies will cut social media because they don’t understand it” - the longer the big players stay away from new web technologies, the greater the opportunity for new entrants.

4. “The new barrier to building a brand is your time, not your pocketbook” - nobody can stop you from starting a global media brand from your house; all you need is time.

5. “Telling main street about Twitter is a waste of time” - keep it quiet; knowledge of new web technologies is your competitive advantage.

6. “Take Your Money” - go to Google, type in the keywords in your space. Look at the ads next to the results: these are people who pay to market in your niche. Call them. Convince them to spend those dollars on you instead.

7. “Anything that gets eyeballs is monetizable” - 2500 unique visitors a day should be enough to live on.

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