#AskGaryVee Episode 90: Facebook Video Views, Leaving the Family Business, & eBay

TL;DR

eBay is evolving into a more Amazon-like platform, facing backlash from resellers but potentially creating a white space for a new player in the market.

Transcript

• On this episode, we talk eBay. We leave the office and go see Nate, and we answer some other questions that I just can't recall right now. ♫ Gary Vee ♫ (cheers and applause) - [Gary] You ask questions and I answer them. (lively hip hop music) This is the The #AskGaryVee Show. ♫ Yeah yeah ♫ Yeah right hook ♫ Knowledge is power ♫ If you have the ri... Read More

Key Insights

• 💋 Gary Vee marks a milestone with the #AskGaryVee Show, celebrating its growth and success.
• 🧑‍🏭 The debate around paid expert answers on video platforms highlights the perceived value factor in consumer payments.
• 🤨 eBay's transformation into a more Amazon-like platform raises questions about its future relevance.
• ⌛ Practicality, financial stability, and complete dedication are crucial for first-time entrepreneurs to succeed.
• 👾 A potential market gap exists for a new player focusing solely on used products in the e-commerce space.
• 😷 The importance of asking critical questions like KPIs and success metrics in client relationships and business interactions.
• 📈 The discussion on width metrics versus engagement metrics highlights the challenges of measuring success in marketing.

Questions & Answers

Q: Will people pay for expert answers via video platforms like the new Fountain app?

Gary Vee believes people will pay for answers if they perceive value in them, citing examples like the bottled water industry's success in creating value perception.

Q: What insight does Gary Vee give to first-time entrepreneurs venturing away from family businesses?

Gary emphasizes the need for practicality, financial stability, and complete dedication to the new business venture to succeed.

Q: Will eBay become irrelevant in the next decade due to its evolving Amazon-like model?

While eBay has faced criticism from resellers, Gary Vee sees potential for a new player to enter the used products market and believes eBay's evolution is strategically smart.

Summary & Key Takeaways

• The #AskGaryVee Show hits a milestone, becoming the second most episodic show in Gary Vee's career.

• Dawn Del Russo questions the new Fountain app's potential for paid expert answers.

• eBay is discussed in detail, with Gary Vee predicting a comeback opportunity for a new player in the market.