Speed is King | Ep 17
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 15 August 2017
⏱️ 8 minutes
🧾️ Download transcript
Summary
"The moment that someone opts in for something, that is the moment that their need was highest." Today, Alex (@AlexHormozi) highlights the importance of creating a need in a customer's life in order to increase the likelihood of them buying your service. He also emphasizes the significance of contacting leads quickly and discusses the impact of speed on closing deals.
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:
(1:22) - Contact leads in 30 min for higher sales.
(2:43) - Quick response triples sales conversion rate.
(5:07) - 10 min for fast contact to payment.
(5:54) - Immediate response satisfies customer's need for speed.
(7:19) - Call leads immediately to increase chances.
Follow Alex Hormozi’s Socials:
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Transcript
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| 0:00.0 | Mozination real quick, if you are a business owner that has a big old business and wants to get to a much bigger business, |
| 0:06.1 | going to $50, $100,000 plus we would love to talk to you. |
| 0:09.5 | And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page |
| 0:14.3 | and talk to one of our team and see if we can help you get there. |
| 0:17.5 | Welcome everyone to the Jim Secret's podcast. |
| 0:19.3 | Today I'm going to be talking about something I, it's just near and dear to my heart. |
| 0:23.8 | And I even got a coffee mug. |
| 0:26.2 | There's, there's probably three things that I would say that I say repeatedly from a sales standpoint. |
| 0:32.0 | One is the pain is the pitch. |
| 0:34.2 | So the extent to which you can create a need in a customer's life or make them aware of the need that they already have, |
| 0:39.7 | which is the pain cycle, the more likely they are to buy your service. |
| 0:43.8 | Right, you have to wreck someone from a emotional standpoint in order for them to become aware enough |
| 0:48.9 | or increase the need enough that they want to buy your services. |
| 0:52.0 | Alright, so first thing. |
| 0:53.5 | The second thing that I say all the time is the set is the close. |
| 0:57.5 | So if you have a two part sales process, which we, we talk about a lot within our high ticket sales process, |
| 1:03.9 | selling 2,000, 3,000 programs at your facility, the setter is the closer. |
| 1:08.7 | The set happens there, not necessarily when you're confronting money, |
| 1:13.2 | but it's when you're edifying the person that is going to ultimately do the closing. |
| 1:17.5 | Because if I can say that you're going to meet with, you know, |
| 1:21.4 | grand Olympic champion, you know, the, you know, the child of Dr. Oz and, |
| 1:26.8 | and, and gosh, Michael Phelps, whatever, right? |
... |
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