Ways To Make $1 Million | Ep 464

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 22 November 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

All paths can lead to one million. Today, Alex (@AlexHormozi) shares with us the many ways a person can make 1 Million dollars. You’d be surprised by some of the ways he suggests and you’ll never know if one of these is for you.

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:07) - 1st-5th ways to make $1 Million: Sell something for a million dollars, borrow 1 million and pay it back, get a contract for less than its worth then sell it, & sell something that’s really expensive and get a commission

(5:13) - 6th-9th ways to make $1 Million: Sell something with a tremendous demand for a scarce resource, sell units of stuff, get people to give you their business for no money down, & through “arbitrage”.

(11:59) - 10th-12th ways to make $1 Million: Find something that is undervalued, sell something expensive that you’ve never owned, & “sell a hundred things that are $10,000”

(20:43) - 13th-15th ways to make $1 Million: Combine things that make money for no money down, lend money between 2 parties, promote stuff that other people sell

(24:57) - The last way to making $1 Million: Arbitraging between two things

Follow Alex Hormozi’s Socials:

Transcript

Click on a timestamp to play from that location

0:00.0	Moistudation 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 play anywhere on the page
0:14.3	and talk to one of our team and see if we can help you get there.
0:17.6	If you believe the shit that you're reading, if you're listening to poor people and advice it on how to be rich, you will stay poor.
0:24.0	They have no idea. You don't need money to make money.
0:27.5	The wealthiest people in the world see business as a game.
0:29.5	This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio.
0:35.5	My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get to $100 million beyond.
0:40.5	I hope you share and enjoy.
0:42.5	I want to break the myth that you need to go make a million dollars and that you need money to make money.
0:47.5	I'm going to show you 10 different ways you can make a million dollars and you can apply this to $1,000, $100, $100,000.
0:55.5	The concept is what I'm trying to translate to you because you can do any of these things and add or detract the amount of zeros that you feel comfortable with.
1:02.5	If you want to make less money, by all means, take more zeros off.
1:07.5	The first thing that you can do if you want to make a million dollars is that you can sell something for a million dollars.
1:14.5	As crazy as what I'm saying sounds, you absolutely can sell something for a million dollars.
1:20.5	If you go to an e-commerce store and they're doing $100 million a year and you say, hey, if I can increase your conversion across your entire site, rewrite your emails,
1:29.5	read your landing pages, etc. and I can get you a 5% lift, site wide, can I get 1% of that?
1:36.5	So you make them an extra 5 million a year and you get one. Do you think you can do that? Yes.
1:41.5	Why are you going to be able to do so much? Not because of you, but because of who they are.
1:45.5	So you make a million dollars by selling someone else 5 to 10 million dollars of value. That's how you make a million dollars.
1:53.5	So you can do that in a real time. You're like, I don't know how to do that. That's fine.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Alex Hormozi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Alex Hormozi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.