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The Game with Alex Hormozi

$50Billion Lessons From The Former Head of Pricing/Packaging/Product at Vista | Ep 164

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.94.8K Ratings

🗓️ 15 November 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

“The best data is from all the people who leave, right?” Today, Alex (@AlexHormozi) discusses the importance of analyzing data from lost customers to identify traits of good and bad customers, setting proper expectations to avoid customer disappointment, and focusing on high-lifetime value customers. He also shares insights on how to amplify value and build trust with prospects through expectation management.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(2:04) - Score leads by value-based characteristics and behaviors.

(6:08) - Qualify customers to cut inflow and reduce escalations.

(10:28) - Analyze data from lost customers to identify traits of good/bad customers.

(12:32) - Overdeliver value by demonstrating necessary skills for using your service.

(14:07) - Sell towards behavior, sustainability, and long-term change instead of hot selling.

(16:08) - Set proper expectations to avoid customer disappointment.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

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0:00.0

Real quick, guys, if you can think about how you found this podcast,

0:02.8

somebody probably tweeted it, told you about it,

0:05.3

shared it on Instagram, or something like that.

0:07.5

The only way this grows is through word of mouth.

0:09.9

And so I don't run ads, I don't do sponsorships,

0:12.2

I don't sell anything.

0:13.2

My only ask is that you continue to pay it forward,

0:15.6

do whoever showed you or however you found out about this podcast

0:18.0

that you do the exact same thing.

0:19.5

So if it was a review, if it was a post, if you do that,

0:22.5

it would mean the world to me and you'll throw some good comment

0:24.3

out there for another entrepreneur.

0:25.6

What is going on, everyone?

0:26.8

I hope you're having a wacky Wednesday.

0:29.1

I am fired up today.

0:30.0

I'm going to probably make a bunch of content

0:31.5

because I've had like 10 straight days of events

0:33.5

and I have all these questions that people are asking me

0:35.2

over mine and little anecdotes that I shared

0:36.8

that people found value in.

0:37.7

So hopefully, you don't mind me just sharing those things

0:40.1

with you now.

...

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