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Alex Hormozi

πŸ‘€ Speaker
69687 total appearances
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Voice samples: 3
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Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

He partnered with these 10 people or something like that.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And when that happened, my feathers got all ruffled.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And I was like...

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

It's war time, we gotta go to the mattresses, we gotta really change the business up.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And so I did this big kind of like relaunch internally to my existing customer base, and I did this big value stack, and then I said, you're gonna get all this extra stuff,

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

not for the same price you're paying me, but for less.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And so I took my existing recurring base.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And I reduced my revenue by $500,000 top line per month.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And so that translated because we take it off top line and the cost went up.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

So I increased my costs.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And I took my top line down by 6 million.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And I ended up losing in profit some of the neighborhood of six to $7 million a year for that business at the time.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

I then ended up selling that business, obviously, and the business never recovered that profit.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

It stayed there.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And when I did make that move, the first comment in the chat after I dropped that it was less was a complaint that I had not done it earlier.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

So it was not, thank you so much for lowering the price and giving us more shit.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

It was, I can't believe I was paying more

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And I was like, I want to fucking kill myself.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

And here was the best part of all.

The Game with Alex Hormozi
Before You Run Ads, Fix This One Thing First | Ep 964

My churn changed zero.