How To Stack EFTs For Real...π°π°π°ππΌππΌππΌ 3 WAYS TO GROW YOUR RECURRING LIKE YOU MEAN IT #gymgrowthacking #notnattygyms #unnaturalgrowth | Ep 82
The Game with Alex Hormozi
Alex Hormozi
4.9 β’ 4.8K Ratings
ποΈ 5 October 2018
β±οΈ 17 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
"It's math. You know what I mean? Like there's no magic around it." Today, Alex (@AlexHormozi) discusses how gym owners can break through EFT plateaus by understanding the EFT equation, cutting attrition rates, and increasing sign-ups. He emphasizes the importance of using math-based tactics to grow your gym and offers realistic numbers and examples to help gym owners succeed.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast youβll 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:
(1:03) - Two factors: referrals and signups determine growth potential.
(2:59) - Using the equation to predict gym capacity and future growth.
(3:58) - 1st growth strategy: signing up more people through a launch program.
(5:30) - 2nd growth strategy: reducing attrition through improved customer service.
(7:08) - 3rd growth strategy: combining signups and reduced attrition for maximum growth.
(11:09) - Combining referrals, signups, and attrition for optimal gym growth.
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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 not 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 | Everybody happy Monday. |
| 0:29.4 | Hope you guys are having a very productive caffeine filled, nicotine filled. |
| 0:34.8 | Start to your week. |
| 0:36.3 | If you're only a caffeine that's cool too, |
| 0:38.4 | so I just hope you have an energized start to your week. |
| 0:40.8 | So my sales manager, Dylan, was like, |
| 0:43.2 | I'm strange to me, it sells directly to Dylan. |
| 0:44.9 | He was like, hey bro, do you think you could make a sweet video |
| 0:48.5 | about how to break through EFT plots. |
| 0:50.5 | And so I thought I would use a nice sexy title like How to Stack EFTs for Real |
| 0:56.1 | and the three ways to grow it. |
| 0:57.8 | So I'm basically going to break down all the math behind this. |
| 1:01.1 | Hopefully you don't get bored of this. |
... |
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