Alex Hormozi | Do You Have What It Takes To GET RICH In 3 Years? (Copy These Millionaire Habits)

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.7 • 5.2K Ratings

🗓️ 20 September 2022

⏱️ 99 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Today's Episode: Success measured on the grand scale of financial wealth is far from impossible and yet thousands of people struggle with getting there. If you’re starting from nothing and struggling with the fear of failure and the fear of taking the risks necessary to succeed, then this episode is definitely for you.

Alex Hormozi helps businesses scale $10M into $100M, and his book, the $100M Offer, How To Make Offers So Good People Feel Stupid Saying No, will help you start doing the things you need to start from scratch. In this conversation Alex and Tom get granular about cultivating the traits and skill sets you need to increase your chances of success.

Here’s the cheat sheet:

Pick one thing and say no to everything else

Success requires short term sacrifice for the long term achievement

2 skills to master for success are how to advertise and how to sell

Follow the Rule of 100 for guaranteed success

A powerful question to ask yourself right now, according to Alex is this: What do I believe to be true that really isn’t?

Tom shares quotes from Alex throughout you’ll want to note, and he shares his favorite quote at the end and it’s a life changer:

“How to stay poor, assume you’re always right.” Alex Hormozi

“If you want an uncommon life you can’t have common beliefs.” Alex Hormozi

Check out Alex Hormozi book, $100M Offer, How To Make Offers So Good People Feel Stupid Saying No, strongly recommended for anyone scaling to 6 and 7 figures:

https://www.amazon.com/100M-Offers-People-Stupid-Saying-ebook/dp/B099QVG1H8

SHOW NOTES:

0:00 | Introduction to Alex Hormozi

0:11 | Guaranteed Plan for Success

5:11 | Figure Out Failure & Lessons

14:02 | The Right Way to Create Content

20:36 | Traits of the Ultra Successful

34:51 | Masterclass on Million Dollar Sales

47:28 | Uncommon Beliefs for Success

1:00:34 | The Competitive Business Trait

1:10:49 | Moments of Real Fulfillment

1:16:50 | How You Feel About Yourself

1:33:06 | Own Your Circumstances

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Transcript

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0:00.0	Alex Hermose, welcome to the show.
0:05.0	Thank you for having me.
0:07.0	Dude, I cannot be more excited.
0:09.0	So I want to dive right in.
0:11.0	If somebody is starting from scratch, what are the traits, skill sets that they should be cultivating
0:17.0	in order to up the odds of their success?
0:20.0	They should focus on one thing in general rather than lots of different things that you're not sure about.
0:25.6	Because if you're starting out, everything looks like an opportunity.
0:27.6	So the correct answer is all of them are opportunities, but all of them won't work unless you pick one.
0:33.6	So you have to see no to all the other mistresses. So boom, you pick one.
0:36.6	And then from there, I always say six figures is sell something to someone. That's it. And if you want more detail, sell something to someone. So it's one avatar, one product, one channel. So you don't have to figure out, how do I create 20 pieces of content across? It's like just pick one channel, one media source, whether it's Facebook, Instagram, YouTube, you know, whatever, Twitter, consistently start going on that, whether that's cold outbound, whether that's content, whether it's running paid ads, whether it's affiliates, word of mouth, whatever it is, and start reaching out to people there to start selling your stuff. And so if you can just do that consistently, and I use something, all right. What's the skill set that's going to make somebody good? And this is six figures still. Yeah. So what's the skill set in that? Is it getting good at the outbound? Is it getting good at saying no to the other stuff? Like, how do we translate that into a skill set? You have to learn how to advertise, which I define is the process of making known. So how do you let other people know about the stuff you sell? So you have to advertise. There's six ways to do it. I covered five just now. So there's six ways you can do it. And then once people engage with whatever advertisement you have, you have to sell them. So advertising is the first skill, selling them is the second skill. And then product would be the third skill, which is the thing that you're ultimately advertising and selling. Okay, so that gets the six figures. What gets the seven? Doing the same thing consistently. So usually once people do it in the beginning, they're sporadic. They're not consistent with it. Just the act of doing the same thing every day usually gets people to 100,000 a month, which sounds crazy to probably people
2:01.4	listening, but most people who think that's crazy also haven't done it consistently for an
2:04.8	extended period of time.
2:06.1	And so I use something that I call the Rule 100, which is 100 primary actions, whether
2:10.9	that's 100 minutes of constant creation per day, 100 reachouts per day, $100 of ad spend
2:17.3	per day. Like you have to pick one of them, but 100 per day 100 reachouts per day a hundred dollars of ad spend per day
2:17.6	doesn't like you have to pick one of them but a hundred per day and you do that for
2:21.9	100 days and I promise you'll have you'll be making six figures if you do that
2:26.0	most people won't yeah I know you know that they will fail at something
2:31.5	yeah what is the most common thing that you see people fail?
2:36.3	So you give them the blueprint.
2:37.7	Your ability to articulate a blueprint to success is insane.
	...

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