Future of Online Business: Community, AI & Monetizing Your Passion | GaryVee Audio Experience & Stan

About this video

• Video Title: Future of Online Business: Community, AI & Monetizing Your Passion | GaryVee Audio Experience & Stan
• Channel: GaryVee
• Speakers: Gary Vaynerchuk, John (founder of Stan)
• Duration: 01:30:53

Overview

This video features Gary Vaynerchuk in conversation with John, the founder of Stan, a platform designed to help creators and entrepreneurs monetize their passions. They discuss the future of online business, emphasizing community building, the role of AI, and the importance of being prepared for viral moments. John explains how Stan provides the necessary tech stack for individuals to start and grow their online businesses, whether they are established creators or aspiring entrepreneurs.

Key takeaways

• Monetizing Viral Moments: While going viral is increasingly likely with consistent daily posting, the real challenge is monetization. Stan aims to equip creators with the tools to capitalize on these moments.
• Accessible Entrepreneurship: Stan is presented as an affordable ($29/month) and easy-to-use platform that provides a comprehensive tech stack for starting an online business, including website creation, course hosting, community building, and subscription services.
• Community is Key: The conversation highlights the power of building and engaging with a community, drawing parallels to early social media platforms and niche Facebook groups. Stan's community feature is emphasized as a way for creators to own their audience.
• From Passion to Profit: The discussion stresses that monetizing passions, even seemingly random ones like mowing lawns or baking sourdough, is viable. The key is to find your niche and leverage platforms like Stan to build a sustainable business.
• The Power of Consistency: Gary emphasizes that consistent daily posting, even of random content, increases the likelihood of going viral. Having a platform like Stan in place allows creators to be prepared to monetize when these viral moments occur.
• The "Idea Guy" vs. Execution: The conversation touches on the difference between having ideas and executing them, with John highlighting how Stan enables creators to execute by providing the necessary infrastructure. The potential for creators to find business partners within their communities is also discussed.