Alex Hormozi
π€ SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
He partnered with these 10 people or something like that.
And when that happened, my feathers got all ruffled.
And I was like...
It's war time, we gotta go to the mattresses, we gotta really change the business up.
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,
not for the same price you're paying me, but for less.
And so I took my existing recurring base.
And I reduced my revenue by $500,000 top line per month.
And so that translated because we take it off top line and the cost went up.
So I increased my costs.
And I took my top line down by 6 million.
And I ended up losing in profit some of the neighborhood of six to $7 million a year for that business at the time.
I then ended up selling that business, obviously, and the business never recovered that profit.
It stayed there.
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.
So it was not, thank you so much for lowering the price and giving us more shit.
It was, I can't believe I was paying more
And I was like, I want to fucking kill myself.
And here was the best part of all.
My churn changed zero.