Alex Hormozi
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's also fast, easy, and cheap for them to start.
All right.
And so what sucks about this?
It's difficult to scale typically past one to $3 million a year.
Now, I think a big part of that
this is pure rule of thumb, anecdotal observation for me.
It's hard because most people don't have the promotional skill to get beyond the first one to 3 million.
And the more talented the individual is, the more difficult it is for them to scale the delivery.
So these businesses sometimes start to bleed into service businesses, right?
They have some sort of DIY, do-it-yourself, self-
self-led education thing.
And then people are like, well, I'd like some teacher, I'd like some help.
And so then it starts to get a little bit of crossover into services and it starts to get some of the negative sides of services, which is, oh, now I got to train all these people to be as good as me at delivering this thing that's taken me 10 years to learn.
And so people take one of two paths.
They'll either say, well, I'm just not going to do that.
I'm going to make it one to many forever, which I do recommend for a lot of people.
I think it's actually not a terrible idea.
Um,
The other option they do is they say, oh, I'm going to get a bunch of coaches or teachers that I'm going to teach in a weekend how to do my thing, and then I'm just going to outsource all the work to them.
But if the thing that you have is so valuable that you charge so much money for it, if you could teach someone in a weekend to teach it, you're either not selling something that's that valuable, or you're lying about the fact that they're actually as good as you.