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The Game with Alex Hormozi

Part 2 - How I Gained 7.8 Million Followers In 40 Months | Ep 771

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 2 October 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

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 and will learn on his path from $100M to $1B in net worth.

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Transcript

Click on a timestamp to play from that location

0:00.0

Let's go number four in terms of the things we're doubling down on.

0:03.7

So before this we used to track views.

0:05.3

This is another big one.

0:06.8

Man, all six of these are big.

0:08.1

Man, I'm glad I made a presentation about.

0:10.3

So before this, we used to track views as our primary metric.

0:13.2

So I'll take a second here.

0:15.1

Who uses be honest?

0:17.3

Be honest.

0:18.3

Everybody's like likes don't you can't trade likes for paying rent.

0:21.4

You can't pay payer with views sure okay got it who makes

0:24.7

views the most important metric you track all right right a lot of you that's

0:30.6

okay me too but I'm gonna give you a good metric that you can track and this is after pouring through

0:34.8

believe me I'm a big data guy a metric that you might not expect.

0:39.4

So the main reason is that I had a six to 12 month deal cycle. So I started by using views because I really had no other metric because for those you don't know what I do, well I'll explain in a second. But we had no idea what it would do besides driving awareness and I didn't really have any other objective.

0:56.0

But in that time period of doing a deal in every six or 12 months because we buy companies, that's more or less what we do,

1:01.0

we begin seeing a much closer correlation with faster feedback metrics and

1:05.0

ideally in any business you want as little latency between the metrics you

1:09.2

track and the behavior you want to change and so if you want to get people to change something and you want to look at something that takes

1:15.0

a year to get feedback, really tough to change behavior.

1:17.8

But if you can have a metric that you can see daily changes or hourly changes, then those are things that are going to much more quickly

1:24.0

change behavior so that you can have 100 feedback loops in terms of changing and getting better

...

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