Generate Flow. Monetize Flow. Add Friction | Ep 265

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 5 January 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

All you need is for them to keep saying YES. Today, Alex (@AlexHormozi) talks about the quickest way to keep your money flowing with one framework, the “poor people” mentality, and giving an exceptional offer.

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:

(1:13) - One of the hardest things is learning the right lesson from failure. Alex shares a clear example of this statement

(2:24) - It’s even more dangerous to learn the wrong lesson from a failure. It reinforces the incorrect lesson

(4:46) - Alex shares a possible incorrect lesson he learned from his past experiences: “success should come big and should come fast”

(7:22) - In entrepreneurship, sometimes you have to unlearn some of the things that got you to where you are today in order to think from a different perspective

(10:14) - “What if everything that you did when you were successful was not because of you, but because of outside forces and everything that you've done to fail was your fault?”

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Transcript

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0:00.0	Real quick guys, if you can think about how you found this podcast, somebody probably
0:03.8	tweeted it, told you about it, shared it on Instagram, or something like that.
0:07.5	The only way this grows is through word of mouth. And so I don't run ads, I don't do sponsorships,
0:12.2	I don't sell anything. My only ask is that you continue to pay it forward, do whoever showed you,
0:16.4	or however you found out about this podcast that you do the exact same thing. So if it was a review,
0:21.0	if it was a post, if you do that, it would mean the world to me and you'll throw some good comment
0:24.3	out there for another entrepreneur. Don't try and fix your non-existent,
0:28.7	overwhelm fulfillment issue when you haven't even made a sale yet.
0:32.5	Welcome to the game where we talk about how to get more customers, how to make more
0:35.3	customers, how to keep them longer, and the many failures and lessons we have learned
0:38.6	along the way. I hope you enjoy and subscribe. What's going on everyone? I want to share a
0:43.8	101 conversation they had with a buddy of mine from high school who just started his own business.
0:49.2	And so he was texting me and he was saying, hey, you know, I've got this offer in my value ladder
0:56.1	and I want to get your feedback on it. And before I looked at it, I said, you haven't made a sale,
0:59.8	right? And he was like, yeah. He said, I'm worried about being stuck with providing fulfillment because
1:04.8	I'm just doing too much and I'm offering too much. And then I was like, right, so you haven't
1:10.3	made a sale yet. And he was like, yeah. And I was like, okay, you need to get over that. And I
1:14.6	said, what's the price? And he said 4800 or 10 weeks. And I said, listen, man, just give so much that
1:19.2	you feel like the person would feel stupid saying no. All right. Don't try and fix your non-existent,
1:25.5	overwhelmed fulfillment issue when you haven't even made a sale yet. All right. Close a deal,
1:30.6	then another and then another. And then once you are overwhelmed, you then have the,
1:35.3	then you can start dealing with it. And the benefit is that once you've made sales,
	...

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