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Alex Hormozi

๐Ÿ‘ค Speaker
52109 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

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?

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

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.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

It's too undifferentiated Does that make sense?

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

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

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

So here's what I think you should do.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

I actually think your annual retainer should be de minimis.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

It should be like a rounding error in this project.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And the reason for that is, okay, I'll explain why.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

So we do this in home services a lot.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And the way that it works is like, if I sell you a $100,000 thing, right?

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

I would say, hey, you know, we do a maintenance plan for $500 a year.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And again, it's a tiny percentage of the thing.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And it's because you don't care about the money.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And it should be positioned as insurance.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

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?

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And it's like, that's what most people do anyways.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

And so what it does is it gives you an excuse to always meet with them every year.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

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.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

Okay.

The Game with Alex Hormozi
How To Sell Services To The Ultra Wealthy | Ep 957

So to me, you probably need more continuity or want more continuity, I'm guessing, in the business.