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The Game with Alex Hormozi

The *GASP* & Teaching High Ticket Sales | Ep 147

The Game with Alex Hormozi

Alex Hormozi

Education, Entrepreneurship, Business, How To

4.94.8K Ratings

🗓️ 4 September 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

"When you get someone to have shock, and then their pricing is massively stretched from when their expectation, all of a sudden you break into a new stratosphere of buying in retail." Today, Alex (@AlexHormozi) discusses the importance of selling higher ticket items and how to push the price barrier by giving the prospect a "gasp" moment. He also emphasizes the belief that the more someone pays, the more they pay attention, and how to embed this belief in the salespeople.

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:

(0:51) - Explain to salespeople: we know more than incoming staff.

(2:38) - If no gasp at price, price not high enough.

(5:21) - Get the gasp upfront to make everything else cheaper.

(6:09) - People pay for attention; sell to goal, not specific program.

(9:24) - Don't be afraid of no to big one.

(11:00) - More invested, more successful outcomes.

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Transcript

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0:00.0

Hey guys, love that you're listening to the podcast.

0:02.5

If you ever want to have the video version of this, which usually has more effects, more

0:06.6

visuals, more graphs, you know, drawn out stuff, sometimes it can help hit the brain centers

0:11.6

in different ways.

0:12.6

You can check out my YouTube channel.

0:13.6

It's absolutely free.

0:14.6

Go check that out if that's what you are into and if not, keep enjoying the show.

0:18.4

Morning everyone, happy Sunday.

0:20.3

I haven't talked about sales in a long time and sales is probably one of my favorite topics

0:26.2

and it's one of the things that we're most known for, at least outside of this space.

0:31.2

And so I feel like I might get back to my roots in the next couple podcast slash videos.

0:37.3

And so I wanted to tell you a quick story about the gas.

0:42.2

And so when you were training a new salesperson or even, you know, when you're just eating

0:48.0

trainers to sell, one of the difficulties is selling higher ticket and that's because people

0:52.3

sell out of their own wallet.

0:54.4

Meaning if they believe that something costs a lot of money to them, then they will be

0:58.5

less likely to be able to sell it to someone else because they think I could never afford

1:02.3

this.

1:03.3

I would never pay for this.

1:04.8

And therefore this person won't make that, you know, they won't buy.

1:08.3

There's a couple of issues with that.

1:09.6

The first is that, and this is what you would have to explain to an incoming salesperson

...

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