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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

And so if you want to tackle churn, it has to be like, there are for sure businesses that work in the space that you're at.

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

I think big head, long tail is a great model, like charge the upfront and then just make the continuity much, much smaller.

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

So it's a no brainer.

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

Like they almost pay that just to be kind of in the network.

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

And so this is I'll just I should have said this earlier, but it's like I try to answer the question so that it affects as many people as possible in this room.

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

But the problem with information and kind of coaching or education type businesses is that people try to make continuity out of the front end.

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

value that you're providing, and then the value drops once you have the skill.

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

And so you have to separate out the consumables from the one-time things.

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

The one-time things also have significantly more value than the consumables do.

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

Now, sometimes they don't have the money to pay for the one-time thing because they don't have the skill the one-time thing would give them, right?

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

That's kind of the issue.

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

So in order to separate it, it's like you just have to think, what are the things that they get on an ongoing basis?

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

And if we only sold that, what would the price point be?

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

Likely significantly lower.

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

And if we got them that skill, it would be significantly more.

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

But once they have the skill, assume they have the skill on the ongoing basis.

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

Yeah.

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

What would they still pay for?

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

Now, you have the lead gen thing.

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

Really?