Get a Raise Using This Thinking Method! | Ep 404

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 5 July 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does “value” mean to you? Today, Alex (@AlexHormozi) shares how you can increase the amount you’re getting paid by using “inversion thinking” and gives scenarios of how each of these variables influences pay.

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:

(1:48) - Introduction to inversion thinking and pay influencers: "provide little value"

(8:44) - 2nd variable: "how much we ask for" or "how much we negotiate"

(11:11) - 3rd variable: "competitive landscape/dynamics" OR "supply/demand for job"

(14:17) - 4th variable: "type of opportunity in business umbrella"

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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. We're going to quantify how we can directly impact the bottom
0:28.7	line of the business. We're going to ask for variable compensation around the value that we
0:33.2	are providing for the business. And we're going to be able to get it because no one else can do.
0:39.8	Welcome to the game where we talk about how to get more customers, how to make more
0:42.7	progress, run how to keep them longer. And the many failures and lessons we have learned
0:45.9	along the way. I hope you enjoy and subscribe. What's going on, Mosy Nation? This is Alex
0:51.6	Hormosey. The purpose of this is to blow up some of the things that I saw online with relation to,
0:58.8	how to make more money when it comes to getting a raise if you are an employee, number one,
1:04.5	when number two, getting a raise from your customers as a business owner. Because at the end of the day,
1:09.1	all of us are still beholden to our customers that we serve. And so if you don't know who I am,
1:13.3	my name's Alex from Mosy, I'm an acquisition.com. It's a portfolio of companies that's over $100
1:16.7	million a year and I have nothing to sell you. And I make these videos because I think it's fun.
1:21.6	So let's rock and roll. So I think the easiest way to solve this dilemma, this problem for not
1:27.2	getting paid enough is to understand what are the variables that influence pay, right? Right.
1:32.0	And so I think a fun process is to go through this and think about it using inversion thinking,
1:37.3	all right, which is something that Charlie Munger champions and a lot of other great thinkers.
	...

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