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Alex Hormozi

๐Ÿ‘ค Speaker
44148 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

They have their own personal brand.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

They want their association with your brand.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

Now, the way that I can see how...

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

scaled up or how progressed an entrepreneur is in the service business is actually with one metric, which is what they charge.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So think about how interesting.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

So I'll explain why I think this is a very interesting like North Star metric.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

If you do a good job of what you do,

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

then you should have a supply constraint in your business because more people want your services.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

If more people want your services and your supply constraint, what happens?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

Well, if we're supply constrained and we have more demand than we have supply, what should we do?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

We should raise our prices.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And as we raise our prices, we should increase our gross margins.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And as long as we have good training and we can maintain a reputation, what happens?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

More customers come in,

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

more demand, and then we can continue to raise our prices.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And so it should be a process of consistently being able to raise price over time and go after better and better avatars, better and better ICPs, if you want to use that language, ideal customer profile, I think that stands for.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

Basically the type of customer that you're going after, right?

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

The prospects.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

You want better and better people who can write stroke bigger and bigger checks.

The Game with Alex Hormozi
How To Grow ANY Business Once You Know Its Shape | Ep 992

And the only way to do that is to typically have the track record having done this for years and continuing to level up.