Alex Hormozi
๐ค SpeakerAppearances Over Time
Podcast Appearances
Okay, because when you talk to me through all all three of those the first one made a lot of sense and the other two I was like kind of squinting a little bit Okay Because fundamentally let's say you did tier one and then I said, hey, can you do my yachts too?
You'd probably be like yeah sure right and it would just be like at tier one and so for fractal pricing to really work It needs to be like five times the price and so like going up by like 20% It's like it's too.
It's too undifferentiated Does that make sense?
Yeah, and also for me the 10-year 15-year commitment sounds very heavy Okay, like I think the richest people in the world want flexibility We want options and we want speed and we want to make sure that it's very easy And then when I pay you I don't have to redo it because then I would hate right right so and the goal is to
So here's what I think you should do.
I actually think your annual retainer should be de minimis.
It should be like a rounding error in this project.
And the reason for that is, okay, I'll explain why.
So we do this in home services a lot.
And the way that it works is like, if I sell you a $100,000 thing, right?
I would say, hey, you know, we do a maintenance plan for $500 a year.
And again, it's a tiny percentage of the thing.
And it's because you don't care about the money.
And it should be positioned as insurance.
Like I'll come by once a year just to make sure everything's working the way it should, all that kind of jazz, right?
And it's like, that's what most people do anyways.
And so what it does is it gives you an excuse to always meet with them every year.
And as soon as you walk into a rich person's house and you're an established vendor, they're going to have shit for you to do.
Okay.
So to me, you probably need more continuity or want more continuity, I'm guessing, in the business.