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Alex Hormozi

πŸ‘€ Speaker
70073 total appearances
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Voice samples: 5
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Podcast Appearances

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

So that's a big opportunity.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

There's also huge opportunities, obviously, in going to regular businesses and automating portions of their work.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

But when I said humans are slow to adapt, it also means their price sensitivity is also slow to adapt.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

Meaning if people are used to paying $2,000 a month for something, that embedded in their price is the typical cost of labor.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

And so if you can...

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

still charge that $2,000 price for whatever it is, right?

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

And instead of it costing you $500 a month, it costs you $50 a month or $5 a month.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

The margin, number one, that you can earn is tremendous.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

But second and more importantly, the amount of operational leverage you have, meaning the amount of people per dollar of additional revenue you need to create, goes down dramatically.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

As in one person now can bring millions and millions in revenue in, it becomes much easier to scale.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

Because one of the biggest costs of scaling is just the coordination between humans.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

And so what I would encourage you to do, so you're like, okay, I heard all this stuff.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

I feel motivated to do something.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

What should I do?

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

This is what I motivate you to do.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

Write down a list of what you do, do every day.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

And I'm saying at the most granular level.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

You respond to emails.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

You respond to Slack messages.

The Game with Alex Hormozi
Stop Ignoring AI | Ep 963

Maybe you make content.