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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

but it sure as hell is hard to get 100 million customers, right?

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

And so it can become very emotionally difficult for this long period of time where it basically never makes money.

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

And so then you have dependency on VCs, or you have to just watch your bank account go down month after month after month in order to maintain as much equity as you can so you don't dilute yourself to the point where finally it does succeed and you own 4% of the business.

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

And there's more scar stories behind that than I can possibly tell you.

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

So what's the problem that you have to solve?

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

Number one is you have to survive the early years before product market fit.

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

This is the biggest issue.

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

And this is where marketers basically just can't do software.

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

It's just like, it's incredibly hard for them to do because they want to market, they want to sell it.

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

But in order for this thing to actually become big, you have to make sure that people want it.

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

And

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

keep wanting it.

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

It has to stick.

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

And so not only do they have to buy, they have to keep using it.

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

And so that is the hardest part of doing it.

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

I was listening to an interview by the Dropbox founder, and he was talking about how he used to pay people from Craigslist to come in and just use his product in front of him.

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

And he said the first time they did it, five out of five people who used it didn't upload a file because they couldn't figure it out.

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

And so that is the kind of

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

just raw work you have to keep doing.

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

And it's like, maybe it takes them another three weeks or four weeks to get the next user flow going.