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Alex Hormozi

๐Ÿ‘ค Speaker
44148 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And typically, it also leans into psychological bias of, hey, I just paid a lot of money for this thing.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

Why would I cancel this recurring subscription just to maintain my skill set here?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

Now, the two more elements that you can add in terms of stickiness can be

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

discount buying, which is that if you have a lot of people who are buying paintbrushes because you taught them how to paint, if you say, hey, if you buy, you know, I have this collective buying power.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And so I will give you, you will get discounts on your materials that are half or in excess of my subscription price.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

It's highly likely that people will be, people will stick on your thing because it's very clear ROI for them.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

They save more than they spend.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So they'll keep doing it.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And so the other component that you can add in from a stickiness perspective is continued education.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So some of the most valuable companies in the education space are actually adult continued education, meaning, oh, I'm a nurse.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

I need to get these continued credits.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

I need to keep up with the up-to-date technology and think of news as the thing.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So what's the news in the industry?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

What are the new techniques?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

What are the new tools that I can teach on a consistent basis so this person can stay up to speed?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And again, the amount that you have to pay

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

to become a doctor versus the amount they have to pay to stay a doctor, significantly different.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

You might have to pay $250,000 to become a doctor and $3,000 a year for your continued credits.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And so make sure that the pricing is appropriate to the value that's being provided.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So that is the problem that you have to solve within that business.