Transcript
Gary Vaynerchuk (0:00)
This industry, I hope, knows what happened for Walgreens and their mango gummy candy on one TikTok brother. One organic TikTok post sold out that product nationally and it was sold on ebay for a premium that is unparalleled to anything you can do in classic marketing. A single TikTok that went viral sold out every package of nice mango gummies at every Walgreens in America and it was sold for 4 to 15 times the price on ebay. That's how much demand there was because of the buzz.
Interviewer (0:38)
The buzz from that one video.
Gary Vaynerchuk (0:40)
Not the buzz. Human attention. Attention is the only thing that's happening here. Why is a register. Why is being at the counter or at the register such a good thing? It's attention. You're in line, you're bored. Let me grab some Tic Tacs. This is the GaryVee audio experience.
Interviewer (0:58)
Gary Vee, I'm. First of all, I am stunned that you've even got the time to spare. Thank you very much. What are you up to at the moment? We're going to do the whole story. But right now, what is keeping you very busy?
Gary Vaynerchuk (1:10)
Live social shopping. I think one of the biggest things that's going to happen here and Kurt just mentioned what we just did with Jolly Ranchers. This room, which represents an industry that I'm very fond of. I like consumer goods to begin with, but this specific category I think has a huge opportunity. You talk about the digital footprint instead of convenience, makes so much sense. But when you look at what's going on with consumer behavior, both from a marketing framework, but then even a shopping framework, I think the biggest opportunity that sits in this room today that isn't futuristic like the glasses. So you're recording VR, AR. There are things that are gonna be really interesting over the next 10 years. The thing that would probably catch this room off guard the most on what could actually affect their P and L in 2026 is live social shopping. Because I think we still think in small unit economics in this category, but when you package it and you think of a different angle for the AOV collectibles, which I'll talk about, I'm sure during this talk, it's a huge opportunity. And in the macro, it's a multi billion dollar industry in the US that has very little attention because AI is eating up the oxygen. And so for this room, that's probably. Personally, I'm spending a lot of time on that.
Interviewer (2:32)
We will come back to that. So let's put that on the back burner as they Say, but how does somebody like Gary Vee come to be? What is your background? We had a little bit in the video, but I'm just fascinated by how it all began.
