How To Eliminate 2/3 of Your Declines in 2 Min | Ep 183

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 28 February 2020

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wouldn't life be easier without all those card declines every month? Want to know how to solve 2/3rds of those with a simple statement?

Welcome to The Gym Secrets Podcast where you can listen in on the Top 1% of Gym Owners to hear the secrets of what they are doing differently to get more customers, make more profit per customer, keep them longer, and do it all without sacrificing their personal lives. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. We are 1% of gym owners and this is our podcast. Hosted by Alex Hormozi.

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Transcript

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0:00.0	Hey guys, real quick. So Layland and I are definitely working on our social media presence if you guys haven't noticed and we're just breaking now into linked in.
0:06.4	Alright, it's not as bad as I thought.
0:08.1	It's actually been pretty awesome so far 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, go ahead and let's connect and let's rock and roll.
0:17.1	We kind of just need a second one. It's just how we've always done it.
0:20.0	Alright, and so you use that line and just like that, you will get two cards.
0:25.0	Welcome to the Jim Secrets podcast where you talk about how to get more customers,
0:27.9	how to make more customers and how to keep them longer and the many failures and lessons that we have learned along the way.
0:33.8	I hope you enjoy and subscribe.
0:39.0	I have a very short, very tactical tidbit for you today.
0:43.3	How to eliminate two thirds of your declines, which for most of you is going to have your turn or more is going to be coming from declined payments.
0:50.4	And honestly, cancellations of people whose cards don't go through and that you try and recover and then fail to.
0:56.9	And so in the next couple of minutes, I'm going to show you exactly how to not have that happen.
1:01.9	And so as soon as you get those declines, you do this process and then you can recapture to out of three of them, which is pretty cool.
1:09.2	So it all starts with the sale, starts with the sign up process.
1:12.7	So after you close the sale and you say, Hey, can I have your ID? You write it on the top.
1:17.1	And you say, Hey, let me treat you for whatever card you want to use.
1:19.3	You get the credit card. You're at the credit card down and you say, Hey, and so you hold the card and you're facing the prospect and you're like,
1:24.9	in case your identity gets compromised or this card gets lost or you have, you know, identity, everything like that, what card do you want to use as your backup card?
1:34.1	Now half the time they'll just hand you the bill.
1:36.1	You can use this as my backup card, right?
1:38.9	If they're like, now you can just use that one. That's fine.
	...

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