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Cody Shilson

๐Ÿ‘ค Person
222 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, right.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, our COGs are pretty high. I do think there's a pricing issue.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, our COGs are pretty high. I do think there's a pricing issue.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, our COGs are pretty high. I do think there's a pricing issue.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Which we'll get to. OK.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Which we'll get to. OK.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Which we'll get to. OK.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah. It looks like. Yeah, it's pretty decent. And I learned that a few months ago coming here the first time, so I started increasing.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah. It looks like. Yeah, it's pretty decent. And I learned that a few months ago coming here the first time, so I started increasing.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah. It looks like. Yeah, it's pretty decent. And I learned that a few months ago coming here the first time, so I started increasing.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

That's profit, yeah. Okay. Yeah. Interesting. We estimate people stay about three years, excluding Etsy, Amazon. Yeah. Those ones are a little harder to calculate, but through Trophy Outlet, they order yearly pretty consistently. We've got customers that have been with us for 30 years, you know, things like that, so. So pretty heavy repeat business there.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

That's profit, yeah. Okay. Yeah. Interesting. We estimate people stay about three years, excluding Etsy, Amazon. Yeah. Those ones are a little harder to calculate, but through Trophy Outlet, they order yearly pretty consistently. We've got customers that have been with us for 30 years, you know, things like that, so. So pretty heavy repeat business there.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

That's profit, yeah. Okay. Yeah. Interesting. We estimate people stay about three years, excluding Etsy, Amazon. Yeah. Those ones are a little harder to calculate, but through Trophy Outlet, they order yearly pretty consistently. We've got customers that have been with us for 30 years, you know, things like that, so. So pretty heavy repeat business there.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Once we get a customer, they're fairly sticky.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Once we get a customer, they're fairly sticky.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Once we get a customer, they're fairly sticky.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, my parents ran the company. They didn't have a price structure. They just kind of.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, my parents ran the company. They didn't have a price structure. They just kind of.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Yeah, my parents ran the company. They didn't have a price structure. They just kind of.

The Game with Alex Hormozi
Building a $3,500,000 Business for a Stranger in 42 Mins

Every year. Yeah. Interesting. About February, March of every year is when our vendors raise prices. So then I adjust accordingly. Got it. Was their margins the same when they were running it? Much less. Lower. Oh, way low. Like not making money at all. So my mom was running it. I remember very distinctly looking at a product and the cogs on that were like $50 and we were selling it for like 45.