The Simple Exercise You Can Do TODAY, to Find Your Biggest Opportunity for Growth | Ep 276

The Game with Alex Hormozi

Alex Hormozi

Business, Education, How To, Entrepreneurship

4.9 • 4.8K Ratings

🗓️ 11 February 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Two words: Lifetime Value. Today, Alex (@AlexHormozi) breaks down a simple exercise that will help you find where you should be placing your energy on in order for you to open more opportunities for growth in your business.

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:

(1:03) - 2 ways to grow a business: Acquisition & sub-factors

(3:45) - Business growth through customer LTV increase

(6:54) - 5 ways to increase backend: price, cost, resells, cross-sells, upsells

(11:08) - Exercise goal: clarity, not overwhelm, for business growth

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Transcript

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0:00.0	What's going on everybody?
0:01.0	I'm bringing some more books, but I wanted to say that if you haven't checked out $100
0:03.8	million offers, I would definitely suggest that you start there.
0:06.3	I've gotten some solid feedback and it couldn't be happier with this number one ranking
0:09.9	on Amazon for direct marketing and over 5,000 five star reviews.
0:13.8	So thank you guys so much for that.
0:15.1	It's 164 pages.
0:16.1	I really can help you out.
0:17.8	It takes about four hours to get through.
0:19.6	Check it out on Amazon.
0:20.6	The Kindle book is 99 cents.
0:22.5	The audiobook is as low as they'll let me put it on for it.
0:24.7	So I think it's 12 bucks.
0:26.2	So enjoy that and let's start the podcast.
0:29.3	That are the simplest ways.
0:31.0	What are the simplest of these levers?
0:32.2	The highest likelihood levers that I have and then doing this on a consistent basis and
0:36.5	expanding the time horizon so that the likelihood that you actually achieve the result approaches
0:40.8	100%.
0:41.8	Welcome to the game where we talk about how to get more customers, how to make more
0:45.0	customers, how to keep them longer in the many failures and lessons we have learned
0:48.3	along the way.
	...

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