3 Questions To asked Yourself For Product And Service | Ep 324

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 19 August 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A change in perspective ain’t too bad. Today, Alex (@AlexHormozi) talks about the important questions to reflect on when you’re thinking about your business, providing value over time, and other practices the wealthy do!

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:03) - Sometimes, you need to check if the product you’re offering is excellent enough for people to talk about

(3:11) - The 3 important questions you should be asking yourself about your product or service revolve around these key ideas: Value, Profit, and Customer Experience

(6:29) - Big entrepreneurs only talk about the product while small entrepreneurs only talk about promotion. Alex touches on the “6 ways of getting customers”

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Transcript

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0:00.0	Real quick, guys, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.5	And so the only ask that I can ever have are you guys that you help me spread the words we can
0:08.0	not more entrepreneurs, make more money, feed their families, make better products, and have better
0:12.8	experiences for their employees and customers. And the only way we do that is if you can rate and
0:17.3	review and share this podcast. So the single thing that I have to do is you can just leave a review,
0:21.9	but take you 10 seconds or one type of the thumb, it would mean the absolute world to me, and more
0:25.5	importantly, it may change the world of someone else. Because the product you have is not good enough,
0:30.4	and it's really hard to confront. Welcome to the game where we talk about how to get more customers,
0:34.4	how to make more progress, how to keep them longer, and the many failures and lessons we have learned
0:38.3	along the way. I hope you enjoy and subscribe.
0:45.2	One of the biggest shifts that I had is an entrepreneur going from, you know, making a few of
0:48.5	a thousand dollars a year, a million dollars a year, to making, you know, just internet figures,
0:51.8	like we do now, has been a simple understanding that I'm going to try and hit at a couple different
0:56.4	ways. And hopefully you'll be able to shift your perspective in terms of how you see product and
1:01.3	delivery. And so right now, if you're not making the amount of money that you want to make, it's because
1:06.4	the product you have is not good enough. And it's really hard to confront that fact, but if you
1:10.0	really do and sit here, I can't tell you the amount of times I talk to entrepreneurs and they're like,
1:13.8	man, if I just had more people, if more people would just find out about my product, then all my
1:18.0	problems would be solved. But the reality is that if you have any amount of customers, then people
1:21.9	already have found out about your product. And for one reason or another, they have chosen not to
1:26.0	tell anyone else about it. And you have to sit with that for a second. You have to realize that
1:30.4	like people have found out about your product and they're not referring people. And you have to ask why?
	...

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