💰💰🔥🔥HOW TO OVERCOME PRICE OBJECTIONS—My favorite one 🔥🔥...and a fun story to drive it home. | Ep 47
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 6 May 2018
⏱️ 12 minutes
🧾️ Download transcript
Summary
"You don't have what you need because you would not have walked in if you did." Alex (@AlexHormozi) discusses how to overcome price objections in sales consultations. He shares a four-part approach that involves agreeing with the customer, explaining the decision to offer a premium product, restating the value, and asking the customer if they want to solve the problem or continue running in circles with cheaper options.
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:
(0:57) - Focus on delay, decision-maker, and money.
(4:08) - Emphasize generational health, lasting results.
(7:12) - Address problem, provide necessary support.
(8:44) - It's okay to be afraid; you're normal.
(10:12) - Question prospects: What will change without investment?
(10:58) - Create impact, elicit gasp if necessary.
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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 | And so the only ask that I can ever have are you guys that you help me spread the words |
| 0:07.8 | so we can have more entrepreneurs, make more money, feed their families, make better products, |
| 0:12.0 | and have better experiences for their employees and customers. |
| 0:15.1 | And the only way we do that is if you can rate and review and share this podcast. |
| 0:19.6 | So the single thing that I have to do is you can just leave a review, |
| 0:22.0 | but take you 10 seconds or one type of the thumb, it would mean the absolute world to me, |
| 0:25.3 | and more importantly, it may change the world of someone else. |
| 0:28.2 | What's going on everybody? |
| 0:29.8 | Happy Thursday. |
| 0:32.1 | I am coming to you with one that I'm excited about. |
| 0:35.7 | I've told you a little bit more pine, the sky stuff the last few days. |
| 0:40.0 | And I am excited to bring you some very actionable nuggets that you can use immediately |
| 0:44.8 | in your next sales house stations. |
| 0:46.5 | And obviously, we sell lots of really expensive stuff. |
| 0:50.0 | And so naturally, we have to be able to overcome price objections, |
| 0:56.6 | which is simply saying, I don't believe what you have. |
| 0:59.6 | It is sufficiently valuable. |
| 1:01.2 | I already told myself guys to watch this video, so I'm trying to make it extra good. |
| 1:07.6 | Yeah, Chris, going up, what's that dude? |
| 1:10.0 | So there's four kinds of parts. |
| 1:11.6 | So we have a lot of price overcomes that we do in our sales page for this new or inner stuff. |
... |
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