Competitors Stealing Customers & Tactical Abundance | Ep 190

The Game with Alex Hormozi

Alex Hormozi

Business, Education, Entrepreneurship, How To

4.9 • 4.8K Ratings

🗓️ 20 March 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"Winners will always win. Whenever there's panic, there's always opportunity." Today, Alex (@AlexHormozi) provides advice and strategies for gym owners to navigate the challenges posed by the coronavirus pandemic. He discusses the importance of transitioning to remote training, cutting overhead costs, and running advertisements to fill the bucket back up.

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:

(1:54) - Competitors don't steal clients, but you lose clients.

(4:58) - Reciprocal relationships elevate both parties and promote growth.

(11:56) - Improved headspace leads to helping others indirectly.

(12:50) - Best clients share aligned psychological beliefs and values.

(16:15) - Tactical abundance: use my resources, don't talk bad, be apathetic.

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Transcript

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0:00.0	Hey guys, real quick. So Layland, I are definitely working on our social media presence.
0:03.0	If you guys haven't noticed and we're just breaking now into linked in.
0:06.3	All right. It's not as bad as I thought. It's actually been pretty awesome so far.
0:09.4	And you guys have been really cool in there and people are sharing our stuff a lot.
0:12.2	So if we aren't connected on LinkedIn,
0:14.0	it go ahead and let's connect and let's rock and roll.
0:17.0	Your competitors don't steal clients from you.
0:19.2	Right? No one steals clients. You lose clients.
0:23.2	Welcome to the Jim Seekers podcast where you talk about how to get more customers,
0:26.1	how to make more per customer and how to keep them longer.
0:28.6	And the many failures and lessons that we have learned along the way.
0:32.0	I hope you enjoy and subscribe.
0:35.2	What's going everyone? Happy Saturday morning or whatever it is that you are listening to this?
0:39.6	I wanted to, this just came to mind and it's, I've had a bunch of recent experiences that have kind of
0:47.6	really made me think about how I approach or think about competitors, quote, stealing clients.
0:55.6	And kind of the reverse of that, what I'm pulling like tactical abundance.
0:59.7	So over the last, I don't know, how many years I've had people in our direct space who served
1:07.1	you in Moners, etc. reach out because they wanted help with their businesses.
1:13.1	And I believe it or not help them out with their businesses even though they directly
1:20.8	quote, compete with my business. And I kind of wanted to give you a little bit of breakdown
1:25.9	around that. Now if someone is publicly, you know, just asshole about me that I'm probably not
1:31.4	going to help them. But for anyone else, I'm, I, I help them with their business.
	...

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