How To Never Pay For Rent or Food Ever Again... My $724,000 lesson. | Ep 169

The Game with Alex Hormozi

Alex Hormozi

Business, Education, How To, Entrepreneurship

4.9 • 4.8K Ratings

🗓️ 3 December 2019

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

"If you monetize it properly, it can allow you to get a lot of the things that you normally pay for free." Today, Alex (@AlexHormozi) discusses the concept of monetizing a business's distribution network to generate passive revenue. He uses the example of a gym's members purchasing supplements and food to demonstrate how businesses can capitalize on their clients' purchasing habits to make money without extra effort.

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:

(3:23) - Distribution base monetization for free products and services.

(6:49) - Supplements sold with food covering normal expenses.

(8:51) - Take care of your people to take care of customers.

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Transcript

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0:00.0	Hey guys, real quick.
0:00.8	So Layland and I are definitely working
0:01.9	on our social media presence if you guys haven't noticed.
0:04.2	And we're just breaking now into linked in.
0:06.4	All right, it's not as bad as I thought.
0:08.3	It's actually been pretty awesome so far.
0:09.5	And you guys have been really cool in there
0:11.0	and people are sharing our stuff a lot.
0:12.2	So if we aren't connected, on linked in,
0:14.0	it go ahead and let's connect and let's rock and roll.
0:17.0	Happy Monday, everybody.
0:18.0	Hope you guys have an awesome Thanksgiving.
0:21.0	I hope you are rested and well fed
0:23.8	and super antibiotic and your liking and sores are full.
0:27.8	So I wanted to make a fun video about a $724,000 lesson
0:32.4	that I learned and frankly, the only passive,
0:37.8	quote, revenue stream that I've ever been able to create.
0:41.8	And that $724,000 lesson resulted in house, car
0:48.1	and other cool stuff.
0:49.9	And so what I wanted to do was actually cover
0:52.6	the only kind of passive revenue
0:54.0	that you can kind of have in a business
	...

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