Why Incentives Can Get People to Do What You Want | Ep 383
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 27 April 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Being a good entrepreneur and leader ATTRACTS good outcomes. Today, Alex (@AlexHormozi) talks about how you can get people to do what you want them to do through incentives. Learn how to properly decide on what incentives and punishments you can implement to gain success.
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:
(0:45) - Getting people to do things through incentives.
(2:21) - Properly giving incentives: the plus and minus.
(4:54) - Incentives drive behavior, punishment avoids desired actions.
(7:06) - Positive feedback improves performance.
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Transcript
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| 0:00.0 | Real quick, guys, if you can think about how you found this podcast, |
| 0:02.8 | somebody probably tweeted it, told you about it, |
| 0:05.3 | shared it on Instagram, or something like that. |
| 0:07.5 | The only way this grows is through word of mouth. |
| 0:09.9 | And so I don't run ads, I don't do sponsorships, |
| 0:12.2 | I don't sell anything. |
| 0:13.2 | My only ask is that you continue to pay it forward, |
| 0:15.6 | do whoever showed you or however you found out about this podcast |
| 0:18.0 | that you do the exact same thing. |
| 0:19.5 | So if it was a review, if it was a post, if you do that, |
| 0:22.5 | it would mean the world to me and you'll throw some good comment |
| 0:24.3 | out there for another entrepreneur. |
| 0:25.7 | We, as entrepreneurs, must be leaders and good people |
| 0:28.8 | so that we can attract good people, |
| 0:30.0 | so we can build good companies. |
| 0:31.3 | Now, a big part of that is figuring out how to get people to do stuff. |
| 0:35.8 | Welcome to the game where we talk about how to get more customers, |
| 0:38.0 | how to make more customers, how to keep them longer, |
| 0:40.0 | and the many failures and lessons we have learned along the way. |
| 0:42.5 | I hope you enjoy and subscribe. |
| 0:45.9 | How to get people to do the things you want. |
| 0:48.2 | And if you don't know what the definition of power is, |
... |
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