Nordic Business and Marketing Strategies to Dominate 2018 | Arctic15 Keynote 2018 | Summary and Q&A

TL;DR

Gary Vaynerchuk emphasizes the importance of being practical and adapting to the current digital marketing landscape, with a focus on utilizing the power of attention.

Key Insights

• ❓ The practicality of understanding and adapting to the current digital marketing landscape is crucial for success.
• 💍 Attention is the currency that marketers strive for, and it is important to focus on reaching and engaging with audiences on platforms such as Facebook and Instagram.
• 😮 The rise of voice technology presents new opportunities, but it may take time before it becomes the primary mode of communication.
• 🍉 Building a brand is essential for long-term success, as it offers protection and differentiation in an ever-changing market.
• 🥠 Fortune 500 companies are becoming more aggressive in mergers and acquisitions to remain competitive in the digital world.

Transcript

• [Announcer] Please, give a warm, warm welcome and big applause to the one and only Gary Vaynerchuk. (audience applauds) Welcome.
• Hey brother. - Take it away.
• Morning. - Jan, hit the stage. - Good morning Helsinki, thanks for having me. I'm gonna introduce Jan, one of the co-founders of this event. Let's bring up the chair. Do you guys have th... Read More

Questions & Answers

Q: Why do many fortune 500 companies hesitate to invest in Nordic companies?

Gary Vaynerchuk attributes this to an America bias and the belief that there are sufficient opportunities within the US. Additionally, larger companies are often resistant to capital expenditure due to concerns about its short-term impact on their stock prices.

Q: Is there any business area that you would never invest in?

Vaynerchuk states that he avoids investing in industries that he believes have been disrupted or are vulnerable in the current technological landscape. He highlights the decline of traditional print-based search engines and the challenges facing retail companies as examples.

Q: If you were just starting out, would you focus on one project or try multiple ventures?

Vaynerchuk explains that both approaches can work, depending on the individual. He suggests that individuals with a clear vision and passion should focus on one project, while those who are still exploring their interests can take advantage of the freedom to try multiple ventures.

Summary & Key Takeaways

• Gary Vaynerchuk highlights the practicality of understanding and leveraging the current digital marketing landscape.

• He emphasizes the role of attention as the currency of success in today's internet-driven world.

• Vaynerchuk discusses the potential impact of voice technology in the future and urges entrepreneurs to invest in building their brands.