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Leila Hormozi

๐Ÿ‘ค Speaker
957 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

So, um, I've been bundling basically all the services into like a mother of all bundles type of deal.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Um, I basically can't upsell with that since I'm bundling everything and margins get tighter, but my close rate does increase.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Um,

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

But when we don't bundle, the opposite happens.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Close rate margins do increase along with upsell potential.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

So my question is, which of the two would you deploy to scale the quickest?

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Currently a million dollars to start the business a year ago, looking to get to five next year.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

It's all upscale.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Like, yeah, basically upper middle to higher class.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Is that what you're asking me?

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Yeah, so the customers are pretty much the same.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

It's really not going to change.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

i pretty much i'm focusing on like a hired customer that's willing to yeah let me push back real quick so you said your constraint is your offer i would say how do you know that well so well coked because of the i would tell really honestly it's like that close rate it drops when we um

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

we don't bundle and when we do bundle it goes up i mean the business is rocking a roll it's doing great honestly i don't i'm just wondering if that is the constraint it doesn't sound like the constraint like what's up like why is the business not doubling revenue like yeah what's stopping you right now i mean you said your close rate's fine when you have the bundle so sell the bundle okay unless there's some other major problem

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

So the only thing is that the upsell potential drops.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

So the LTV does drop.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

Well, then why don't you raise the price on the bundle?

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

I will raise the price on the bundle.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

This is great.

The Game with Alex Hormozi
The Hard Truth About Growth Most Founders Avoid. Hormozi Hotline feat. Leila Hormozi | Ep 976

I'm glad we had this chat.