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The Thank You Economy Hardcover – Bargain Price, March 8, 2011
| Gary Vaynerchuk (Author) Find all the books, read about the author, and more. See search results for this author |
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If this were 1923, this book would have been called "Why Radio Is Going to Change the Game" . . .
If it were 1995, it would be "Why Amazon Is Going to Take Over the Retailing World" . . .
The Thank You Economy is about something big, something greater than any single revolutionary platform. It isn't some abstract concept or wacky business strategy—it's real, and every one of us is doing business in it every day, whether we choose to recognize it or not. It's the way we communicate, the way we buy and sell, the way businesses and consumers interact online and offline. The Internet, where The Thank You Economy was born, has given consumers back their voice, and the tremendous power of their opinions via social media means that companies and brands have to compete on a whole different level than they used to.
Gone are the days when a blizzard of marketing dollars could be used to overwhelm the airwaves, shut out the competition, and grab customer awareness. Now customers' demands for authenticity, originality, creativity, honesty, and good intent have made it necessary for companies and brands to revert to a level of customer service rarely seen since our great-grandparents' day, when business owners often knew their customers personally, and gave them individual attention.
Here renowned entrepreneur Gary Vaynerchuk reveals how companies big and small can scale that kind of personal, one-on-one attention to their entire customer base, no matter how large, using the same social media platforms that carry consumer word of mouth. The Thank You Economy offers compelling, data-driven evidence that we have entered into an entirely new business era, one in which the companies that see the biggest returns won't be the ones that can throw the most money at an advertising campaign, but will be those that can prove they care about their customers more than anyone else. The businesses and brands that harness the word-of-mouth power from social media, those that can shift their culture to be more customer-aware and fan-friendly, will pull away from the pack and profit in today's markets.
Filled with Vaynerchuk's irrepressible candor and wit, as well as real-world examples of companies that are profiting by putting Thank You Economy principles into practice, The Thank You Economy reveals how businesses can harness all the changes and challenges inherent in social media and turn them into tremendous opportunities for profit and growth.
- Print length256 pages
- LanguageEnglish
- PublisherHarperBusiness
- Publication dateMarch 8, 2011
- Dimensions5.5 x 0.89 x 8.25 inches
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Amazon Exclusive: Gary Vaynerchuk on The Thank You Economy
The Thank You Economy is much more than saying "thank you.” The Thank You Economy represents a much bigger movement. This book could easily have been called The Humanization of Business or Manners Marketing.
I feel that we're living through the biggest culture shift of our time. The internet, itself, is 17-years-old. It's just hitting the social part of its life. It's just like growing up. As you get to 13, 14 and 15, you want to go out and go to parties. That's what's happening right now! The internet is growing up.
What happens when we live in this word of mouth world where we're tweeting out "I love Company X's orange juice"? We're sharing thoughts that we never would have picked up the phone and called somebody about in the past. What happens when brands can be humanized? In The Thank You Economy, I tackle the issue of the ROI of social media and provide case studies. I think we wrote a much, much stronger book than I did with Crush It. When I say we, I mean the people in the social graph--the people that are living it.
There is enormous ROI in social media. It's like my famous saying though, "What's the ROI of your mother?" The data isn't as black and white like it has been in the past. I firmly believe that the brands that have a soul and a heart and understand how to scale this will win.
This is a comprehensive book from a guy that has lived in the social space for the last 6 years like I have. I live and breathe my community and I've been able to consult with big brands for the past two years on how to leverage this world of caring. This is the perfect book, not only for entrepreneurs who might have an employee or two, but also for brand managers and CMOs at bigger companies.
About the Author
Gary Vaynerchuk is a serial entrepreneur who has revolutionized the way people look at interacting with their communities. While building his family's local liquor store into a national industry leader, he observed the extraordinary potential of what he has dubbed the Thank You Economy. As a consultant, he introduced those same principles into the business world at large, with successful applications in sports, consumer packaged goods, and retail. Askmen.com named Gary to its list of the Top 49 Most Influential Men of 2009, and he was included in BusinessWeek's list of the Top 20 People Every Entrepreneur Should Follow.
Product details
- ASIN : B007MXAZBW
- Publisher : HarperBusiness (March 8, 2011)
- Language : English
- Hardcover : 256 pages
- Item Weight : 12.8 ounces
- Dimensions : 5.5 x 0.89 x 8.25 inches
- Best Sellers Rank: #6,689,232 in Books (See Top 100 in Books)
- #3,999 in Marketing & Consumer Behavior
- #4,219 in Customer Relations (Books)
- #18,334 in Deals in Books
- Customer Reviews:
About the author

Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M 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 $25M investment fund.
Gary also currently hosts The #AskGaryVee Show, a way of providing as much value as possible by taking questions about social media, entrepreneurship, startups, and family businesses and giving his answers based on a lifetime of building successful, multi-million dollar companies. The show is also available as a podcast on iTunes, Stitcher, and SoundCloud.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch on his YouTube channel.
He was named to both Fortune and Crain’s 40 under 40 lists in consecutive years, and has been profiled in the New York Times, Fortune, and Inc.
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— Robert
Vaynerchuk is a "born" leader in my opinion. He just has "it". What is "it"? It's that passion and talent that great leaders have. In professional football, guys like Bill Parcells, and Bill Belichick have "it". The Harbaugh brothers also appear to have "it". Coaches like these, are able to build winning programs and teams, while others never come close to the results that these guys achieve.
Vaynerchuk was able to turn a mom and pop liquor store into a $55-$60 million dollar operation. He now runs VaynerMedia, which appears to be growing faster than Jack's beanstalk. In his book, The Thank You Economy, Vaynerchuk discusses why differentiation and fantastic customer service, are critical for success in today's marketplace.
Vaynerchuk also cautions about the dangers of being reactionary, and complacent. He gives some good examples like Borders deciding to let Amazon take the risks affiliated with ebook, and online retailing. Borders' conservative approach, however, didn't work.
According to the author, large companies especially, are often cautious by nature, but Vaynerchuk says that this approach is dangerous in the social media age. The Internet has changed the rules of business. In the past, big companies could ignore the occasionally dissatisfied customer, but social media has given a voice to even the smallest of customers. They now have more leverage, and using Vaynerchuk's words, "social media is word of mouth on steroids."
If people are dissatisfied with services they received from a company, they can now go online, and communicate with thousands, or even millions in a matter of seconds. Conversely, if they want to buy a product, consumers can quickly ask some of their online friends for recommendations.
Vaynerchuk is absolutely right in my opinion. Look at how the Real Estate industry has changed as a result of the Internet. Wanted to buy a house in 1979? Back then, it was call your agent, he/she will show you some homes, and that was pretty much it. Today, people first go to the web to search properties before they contact an agent.
Customer expectations have also changed. The first real estate web sites, for example, were often nothing more than online brochures. Today, however, there are virtual tours, online market analysis and mortgage calculator tools, Active Rain blogs, social media links, and more.
Agents refusing to respond to changes in technology risk being passed over by realtors willing to meet consumer's online demands. If a realtor refuses to get a Facebook page, will he'she be run out of business? Probably not, but he/she may lose out on a lot of listings and sales opportunities when electing to bypass online tools demanded in the marketplace today.
Bottom line, anyone in real estate, or any other business, would probably benefit from reading Vaynerchuk's book. It's big picture oriented, and makes a persuasive case regarding what is necessary to be be successful in business today.
Here's the online marketing strategy I'm familiar with:
-Prospect wants something
-Prospect searches for it
-My ad or organic listing shows up
-My website captures the lead or makes the sale
It's classic direct marketing, and I understand it very well. And having lived through the DotCom boom and bust of the late 1990s in Silicon Alley, New York, I'm quite skeptical of any business models or media that don't adhere to the tried and true principles of Get Traffic and Convert That Traffic.
I've been skeptical of social media as well. I've read dozens of books, felt the hurricane of hype, and still resisted what I saw as wasting my time on Twitter or Facebook or Google+. And I have no doubt that most of what passes for intelligent social media strategy really is just fluff and bunnies.
But Gary's book opened my eyes to the DNA of social media. So that I now understand what it is, what it isn't, and how it fits organically into classic business models. It's simply good manners and local business writ large; as my friend David Bullock puts it, "word of mouth vast and fast."
And Gary practices what he preaches. One of the top negative reviews of The Thank You Economy was by an acquaintance of mine, Jason McDonald (who also reviewed my book Google AdWords For Dummies and expressed a fair amount of criticism, bless his heart ;). Gary wrote a comment under the review, basically apologizing for letting him down, and promising to learn from the feedback. I found it real, and amazing, and enchanting. I tried to picture myself writing such a heartfelt statement to a negative reviewer and the imaginary words stuck in my throat. For me, that response would have been a calculated tactic and not a genuine expression.
And that's the key to success in The Thank You Economy: truly respecting your prospects and customers, and making them feel it. With Facebook and YouTube and Twitter and Tumblr and all the rest, we now have the power to scale our essential nature. To reach out to the many and either make them feel good, and important, and special. Or to treat them the way big businesses treat us all the time; as wallets, as powerless supplicants, as nobodies.
I found the case studies and stories in the book wildly inspiring; it shouldn't take anyone long to find applications to their own business. No, this isn't a detailed social media playbook. You won't turn the last page knowing how to set up a Twitter autoresponder (heaven forbid) or have a 12-point social media plan you can hand off to a consultant or underling.
Instead, you'll know what's required of your heart and spirit and mind in order to Play Nice with the marketplace. To serve; to lead. To share; to partake.
Thank you, Gary, for showing the world that we Jersey Boys know a thing or two about manners! :)











