The Business Formula: Acquiring Customers Profitably, Goal-hitting Offers, & More…(with Tanner Chidester) Pt.2 - Aug '21 | Ep 442
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 1 October 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
If you never quit, then you won't fail. That's the prerequisite of entrepreneurship. Today, join Alex (@AlexHormozi) as he guests on Tanner Chidester’s YouTube to talk about how to acquire customers profitably, the formula, mindset, and models that he uses to achieve this success, and touches on topics about seeking family approval, etc. This is part 2 of the interview.
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.
Check out the episode on Tanner Chidester’s YouTube Channel!
Timestamps:
(1:17) - Alex's business approach: Organic leads without paying; no pre-existing formula.
(6:54) - Strategies for easier marketing; significance of consistent growth.
(9:50) - Addressing lack of support from family; advice for those struggling.
(15:00) - Leila Hormozi's impact, Alex's daily life, and future plans.
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Transcript
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| 0:00.0 | Most of you are welcome to part two of the podcast that I did with Tanner Chitester. |
| 0:03.6 | On this podcast, I was talking about how to work on some of his profitably and the formula |
| 0:07.0 | and mindset and models that I use to do that in every business that I have encountered to date. |
| 0:10.6 | I hope they serve you as much as they have served me. |
| 0:12.5 | If you can actually just narrow it down instead of making it the faceless like everyone's opinion, |
| 0:17.1 | but who's that one person who's opinion you care about, then it's asking a more pointed question, |
| 0:21.9 | which is like, is my opinion of what my father thinks of me more valuable than what I think of me? |
| 0:28.5 | Welcome to the game where we talk about how to get more customers, how to make more |
| 0:32.4 | customers, how to keep them longer, and the many failures and lessons we have learned along the way. |
| 0:36.3 | I hope you enjoy and subscribe. |
| 0:39.6 | Your business is the thing that impresses me the most is the fact of how much scale you had |
| 0:46.2 | with essentially not maybe wrong, but in your portfolio, I still believe you don't run hardly |
| 0:51.2 | any apps. That's accurate, right? Overall, that is accurate. One of the companies runs a lot of |
| 0:59.2 | bets, not too much. Different components. To me, that's the most impressive and the reason is |
| 1:05.4 | I thought my profit margins were high and then I heard cheers and I go, well, shit, I guess if I'd |
| 1:10.4 | add run ads, they'd be that high too. When impresses me further is the amount of scale. |
| 1:17.6 | When you're starting these businesses, did you just figure out a formula and then you make sure |
| 1:21.4 | these businesses fit that formula? Or did it just so happen that you'd start a business and you're |
| 1:26.3 | like, how can we get these leads without paying for them? I think it's both those thought processes, |
| 1:30.8 | honestly. Now, in terms of the checkboxes for business, I have five that I look at. |
| 1:35.9 | It's my little modicator, it's unique expensive sticky air and managed with a person of integrity |
| 1:41.3 | who has a long-term mindset. So those are the five things, unpack real quick. So unique is like, |
... |
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