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Joel McDonald

👤 Speaker
94 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

LTV to CAC is a very skinny 1.4 to 1.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We'd like to change that.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

Yeah.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

So we want to have it happen.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We've got about 12,000 clients that we've put through either our mini memberships or our high ticket coaching program.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

Our goal is to have 10,000 more in the next year.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We'd like to diversify our advertising channels and start to include a lot more affiliate partnerships and charities.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

I've got a goal of a million donated through partnerships with charities in the next year.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

Oh, cool.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

In order to do that, we're gonna need to double our revenue.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

So now tell me about how you get customers.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

Basically, like I said, it's a book funnel and 85% of our customers come from buying the book.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

Another 10% comes from conferences, meetups, guest podcasting.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We're beefing that up.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We're trying to diversify our channels.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

And then right now, affiliates and charity partnerships are kind of in their infancy, but we do get about 5% of customers there.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

So what are the problems, Roto?

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

So our biggest problem right now, single channel advertising.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We're heavily dependent, like I said, about 85% on Meta.

The Game with Alex Hormozi
One Step Away From Collapse (Here’s How We Fixed It) | Ep 960

We're kind of hitting a ceiling at 100 grand a month.