How to Make $1 Million Dollars Per Year | Ep 291

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 8 April 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Money, Money, Money, must be funny! Today, Alex (@AlexHormozi) talks about something everyone wants to hear: how to make a million dollars. He breaks down the simple math equation you need to follow in order to achieve this goal, and the actions you should start doing to get ahead of the game.

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:

(1:11) - The first thing you have to know is how many units of whatever it is you're selling to get to your goal. (setting realistic goals)

(2:22) - Alex dives into the math behind making one million dollars & understanding the lifetime value of the customer

(4:08) - Other examples of Lifetime Value and how to actually achieve it

(7:39) - If you follow the math, set realistic goals, and understand the LTV, you could sell a 100K deal per month to have a million-dollar business

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Transcript

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0:00.0	What's going on everybody?
0:01.0	I'm bringing some more books, but I wanted to say that if you haven't checked out $100
0:03.8	million offers, I would definitely suggest that you start there.
0:06.3	I've gotten some solid feedback and it couldn't be happier with this number one ranking
0:09.9	on Amazon for direct marketing and over 5,000 five star reviews.
0:13.8	So thank you guys so much for that.
0:15.2	It's 164 pages.
0:16.2	I really can help you out.
0:17.8	It takes about four hours to get through.
0:19.6	Check it out on Amazon.
0:20.6	The Kindle book is 99 cents.
0:22.5	The audiobook is as low as they'll let me put it on for it.
0:24.7	So I think it's 12 bucks.
0:26.2	So enjoy that and let's start the podcast.
0:29.6	It's easier to just over deliver like crazy for a client rather than trying to think
0:33.6	about like, how to make this scalable.
0:35.2	So you don't need to worry about that yet.
0:36.4	Like you need to just start making money.
0:37.7	Welcome to the game where we talk about how to get more customers, how to make more
0:40.5	customers, how to keep them longer and the many failures and lessons we have learned
0:43.8	along the way.
0:44.8	I hope you enjoy and subscribe.
	...

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