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Gary Vaynerchuck

Shono

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It is exactly the type of dude MJ was referring to
Except he is a charlatan, he says shit like "If you take any money from your parents, you're a loser!" meanwhile from age 20-30 he was paid almost 200k a year by his parents, who owned a ritzy alcohol establishment and vineyard. 200k in essentially passive income to advertise wine and dick around. Now, I'm not denying his success and his approach to marketing, but his hypocrisy in the aforementioned regard is off the charts.
 

Julio Cesar

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Except he is a charlatan, he says shit like "If you take any money from your parents, you're a loser!" meanwhile from age 20-30 he was paid almost 200k a year by his parents, who owned a ritzy alcohol establishment and vineyard. 200k in essentially passive income to advertise wine and dick around. Now, I'm not denying his success and his approach to marketing, but his hypocrisy in the aforementioned regard is off the charts.
How did you discover that? he always says that he did not earn much cause it was a familiar bussiness and his father was not the owner but he was a employee who then became a manager or something
 
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WillHurtDontCare

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What do you think about his advices regarding passion? It is the kind of guru who preaches do what you love who MJ is referring to?

Ultimately what matters is what your customers wants. If your passion helps you understand your audience, then passion is good.

Say that you've been obsessed with fishing for a decade. You probably know everything about the different types of gear to use, what to wear when you go to certain places, you know all kinds of lingo that only avid fishers know.

Well, you could take that passion and use it to build an ecom store that markets to people just like you. You could sell clothing, gear, trips, etc.

Passion is a huge boost, but ultimately your business success is about what your customers want, not what you want.
 

eliquid

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What do you think about his advices regarding passion? It is the kind of guru who preaches do what you love who MJ is referring to?

Go into any bank with your "passion" and ask for a business loan.

See how far your passion gets you with the banker.

Now go into another bank the next day with a business that isn't your passion, but makes solid numbers and ask for a business loan.

I'll let you decide which one gets the loan to fund more business growth.

If you can do both, kudos to you.. but that isn't always the case.
 

PapaGang

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What do you think about his advices regarding passion? It is the kind of guru who preaches do what you love who MJ is referring to?
Gary is fine. His approach is unique and I respect his willingness to get involved with platforms early, which has brought him massive success. There is a lot to learn there.

Passion?
Well, there is a difference between doing something you love and falling in love with your work.
The former can get you in trouble if you're not providing enough value.

Here's the simplest definition I've found for business:
Sacrificing your life energy to create something better for another person.

I'm surprised that nobody wants to admit that there are people who decided to do what they love, and it has worked for them. Markiplier, Ludwig, Cory Kenshin, any entertainer you care to think of, musicians, furniture builders, hell even a guy that has his own sales consultancy. The problem is, the odds can be very long. Start digging under the surface of those who made it big and you realize that most of the time they sacrificed everything to attain success, and most people just don't have the will and determination to take such a huge risk. Steve Harvey lived in his car for three years. Stallone sold his dog to pay rent while he worked on Rocky. How many people would do that, knowing that there was a good chance that it probably wouldn't work out in the end anyway?

Social media has made it more possible than ever to make 50 grand a year talking about sneakers or Pokemon or bonsai trees (yes there is a bonsai guy) on YouTube or TikTok. But it doesn't seem like a long term play unless it evolves over time into something less trendy.

But there is a second path that you can take that carries a much greater possibility for success. Falling in love with your work. To me, that means putting a lot of attention and emotional labor into the unsexy work. Materials, transportation, manufacturing, commodities, routine service based business. By investing yourself into that emotional labor, you transform a dull-boring business into something that works magic for customers, and the good word spreads.

Because you start with value creation, it's much more likely that you will achieve success, because it's baked into the business model. You're just investing the emotional labor into brand building and differentiating yourself from your competitors.

Both paths are valid. I don't quite agree with the argument that "follow your passion" doesn't work. It just doesn't work MOST of the time, but most of the time isn't all of the time. The problem is that people that decide to do what they love or follow their passion end up doing it for themselves, and ignore the market. That's a problem, because the market doesn't care about your passions, unless you are giving or delivering something of value in return. Most of the "follow your passion" people fail because they ignore value creation. And you can sniff that out almost immediately when you talk to some of these people.

My advice would be to chart a clear path using market principles—based in reality—and give it a shot for a year if you can afford to. It's your life, don't let someone else determine whether or not you should even try.
 
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