Want to scale your business? Click here.Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Full Episode
If you believe the shit that you're reading, if you're listening to poor people and advised it on how to be rich, you will stay poor. They have no idea. You don't need money to make money. The wealthiest people in the world see business as a game. This podcast, The Game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio.
My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get to $100 million and beyond. I hope you share and enjoy. I want to break the myth that you need to go make a million dollars and that you need money to make money. All right.
And so I'm going to show you 10 different ways so you can make a million dollars and you can apply this to a thousand dollars, a hundred dollars, a hundred million dollars. The concepts is what I'm trying to translate to you because you can do any of these things and add or detract the amount of zeros that you feel comfortable with.
So if you want to make less money, by all means, take more zeros off. All right. Now, the first thing that you can do if you want to make a million dollars is that you can sell something for a million dollars. And as crazy as what I'm saying sounds, you absolutely can sell something for a million dollars.
If you go to an e-commerce store and they're doing a hundred million dollars a year and you say, hey, if I can increase your conversion across your entire site, rewrite your emails, redo your landing pages, et cetera, and I can get you a 5% lift site-wide, can I get 1% of that? So you make them an extra 5 million a year and you get one. Do you think you can do that? Yes.
Why are you going to be able to do so much? Not because of you, but because of who they are. All right. So you make a million dollars by selling someone else five to ten million dollars of value. That's how you make a million dollars. Like real talk. The second way. And you're like, I don't know how to do that. That's fine.
but accept that you don't know how to do that and then say, I want to learn how to do that and then go get the skill of doing that and then you can go sell it. But you can't say that you don't have the money and that's why you can't make money. That's why I'm making this video. The second one is that you can borrow a million dollars and then buy something and have someone else pay it back.
It's fundamentally what real estate is. You borrow money to buy an asset, you put tenants into the asset, they pay off the money that you never had. That is what real estate is, right? And if you can get the asset for free, which is going to be the next bullet I'm going to make, you can get a contract on something for less than it's worth. And then you get the bank to finance the whole thing.
So if you're like, but I don't know if they'll do that. They will if it's priced low enough. So if you have to go talk to a thousand building owners, then you will probably get one of them who's willing to depart for their thing for significantly less than it's worth. And a bank will loan the difference and you don't have to put any money down out of pocket.
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