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The Game with Alex Hormozi

Focus On Increasing Traffic | Ep 812

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 25 December 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

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 and will learn on his path from $100M to $1B in net worth.

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Transcript

Click on a timestamp to play from that location

0:00.0

I was talking to Mr. Beast about this concept.

0:02.3

And I was like, yeah, I know we need to work on our headlines.

0:04.6

They're a little bit too clickbaiting.

0:05.7

I remember he stopped and he was like, absolutely not.

0:09.0

And I was like, what do you mean?

0:09.9

He was like, you should absolutely have clickbait headlines.

0:12.8

He's like, they should just be true.

0:14.9

They should be baiting the click.

0:16.3

But then when the person gets in, it's exactly what they thought it was going to be. The deception comes

0:21.3

from when someone thinks it's something and there ends up being something different. The big

0:26.5

question is, should you focus on getting more traffic? And for most businesses, the answer is yes,

0:31.6

because the return on investments on increments are by definition incremental, whereas if you can increase inputs 100 fold, they are orders of magnitude difference.

0:43.3

If you have a conversion rate, let's call it, of 2% on your about page.

0:47.3

And that would be a benchmark, right? That would be about normal. 4% is the one for everything on school. But let's just say,

0:55.2

let's just say four percent. Fine. So you're average there. Okay, fine. Now, you can tweak a lot of

1:00.7

things to try and go from four to five percent. That would be a 20 percent improvement. But most

1:05.6

times, if you were to take your income and raise it by 20 percent, you'd probably be happy.

1:09.3

But especially if you're earlier on,

1:11.4

you want to increase it order of magnitudes. And to be clear, if you're later on, you want to

1:14.9

increase it lower order of magnitudes as well, because it will relatively be the same to you.

1:19.2

And so going from $1,000 to $1,200 is the same as going from $1 million a month to $ 1.2 million. But much more fun to go from 1 million to 10 million or from

1:28.7

$1,000 a month to $10,000 a month or more. And so most of the large increases in revenue

...

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