How Many Products Should I Have | Ep 368
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 10 February 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
How would you like to pay? Today, Alex (@AlexHormozi) talks about how to maximize your revenue by narrowing down the products you sell and a little sales trick that will involve focusing on payment methods rather than the product list itself!
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:
(2:31) - Simplify product listing, maximize payment terms, focus on value.
(6:23) - Let sales team focus on one main product for clarity.
(8:01) - Focus on main products, maximize payment options, increase conversion rate.
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Transcript
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| 0:00.0 | Real quick, you guys already know that I don't run any ads on this and I don't sell anything. |
| 0:04.6 | The only ask that I can ever have are you guys that you help me spread the words. |
| 0:07.8 | We can have more entrepreneurs, make more money, feed their families, |
| 0:10.9 | make better products, and have better experiences for their employees and customers. |
| 0:14.9 | The only way we do that is if you can rate and review and share this podcast. |
| 0:19.4 | The single thing that I have to do is leave review. |
| 0:21.9 | I'll take you 10 seconds or one type of the thumb. |
| 0:23.9 | It would mean the absolute world to me. |
| 0:25.2 | More importantly, it may change the world of someone else. |
| 0:28.1 | One of the goals of any business is to maximize the amount of revenue per customer |
| 0:32.6 | region. |
| 0:33.2 | Right? |
| 0:35.5 | Welcome to the game where we talk about how to get more customers, |
| 0:37.7 | how to make more customers, how to keep them longer, and the many failures and lessons we have |
| 0:41.3 | learned along the way. I hope you enjoy and subscribe. |
| 0:48.8 | In this video, I'm going to talk to you about one of the questions that I get most frequently |
| 0:52.3 | and that one of the problems that I have to solve, again, most commonly in some of the companies |
| 0:56.3 | we take on an offer for a while. |
| 0:58.8 | One of the goals of any business is to maximize the amount of revenue per customer |
| 1:03.3 | region. |
| 1:03.8 | Right? |
| 1:04.5 | A lot of times you want to have what's called a combating buying curve. |
... |
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