I feel like I have been matched with the smart guy in a class project that tried Red Bull for the first time. There is no excuse not to make it with all these amazing successful people sharing their thoughts.
He’s a smart guy….smart guy…lol If you’re in your late 30s you get it. If you don’t I’m old. But I level up with this young mastermind and I appreciate it. Well said
Increasing your businesses "continuity factor": - consumption - collateral / "loss" when switching" - Cost of Switching (money/time) - Choice / minimising alternatives for your customers - Controll of money flow - (good) Cause (of your business/product) - Community (within your business/product) - enforceable contracts / minimum extend of contract
Thank you Alex, BTW love the book, until I read your book I had always thought I was odd. Now that I read your book I realized I have been operating like you but was just missing a few small pieces, with that said you and your wife have enspired me to finally unleash and stop holding back......brilliant book
Dude Alex Hormozi, you read my mind our company was shifting into these pivots just of yesterday. GOLD GOLD GOLD. This was worth at least $10K for my business. Much respect. Our Channel will pivot into more of a community model. 3 Birds one stone.
Perfect! I have been contemplating over the Cycle of Consumption v/s the Cycle of Purchase and how these are correlated. Understanding these "cycles" helps a lot with increasing the LTV. Absolutely awesome!
As a SaaS business owner this is absolute gold. Cost of switching and collateral are by far the key areas you helped me realize I need to improve with my service. Keep the fire coming! 🔥
I love your channel brother! Been learning & benefiting so much! Keep shining your light & encouraging others to shine their own💡I’ve been feeling like I’m a hair away from everything I’ve ever wanted, & your videos are helping me remove that hair!
I noticed this when a relative got really into crossfit. Crossfit gyms try hard to create a welcoming and friendly community to increase inelastic demand of their good through comradery . They are also specialized gyms so they can charge more than a regular gym (e.g. gold's gym)
Hey Alex, my Son and I love to learn from you! Thank You So much for your education on TH-cam. I'd like to give you one suggestion, to solve your video focus issue, switch your camera to a manual focus mode rather than the Auto Focus mode. If you don't have that option with your current camera, get a different camera. Keep up the great content, in the end I really just come for the lessons learned... Thanks again!
I just met a group of 80 ++ year old people traveling throughout so east Asia. We met at the Cambodian customs while we were all awaiting a stamp. I was on a bicycle, they were in a group. I asked ‘wow you guys are surely motivated… “ some of them were walking with help of a cane… one of them said “ we surely are not going to sit at home and watch Netflix”…. I know the point of this TH-cam is different, but in fact the motivation and drive of these older people is the point. Sitting and watching makes revenues for others. I’m with Alex here to say… let the watchers create revenues for us, those who take the risk.
I haven’t even fully listened yet but I can already tell the amount of substance he will give us in this video is more than you would get in a college class
Jay Abraham pointed these things out years ago: There's only 3 ways to grow your business.1) Get more customer 2) get these customers to pay more, 3) get the to buy more frequently.
2 more C’s: Compounding - Build once, serve 1,000, as much as possible Continously add/improve service - it should be virtually impossible for the customer to run out of service. Reduced rate extra consultancy/dev/product/training/add-ons.
How can a video like this is available FREE on TH-cam 🔥 This video is lit man! Thank you Alex for sharing this with us..... Really appreciate your efforts ❤
Dude god bless a real hard knocks entrepreneur be successful and share the TRUE story. Thank you man 🤟🏼 I’m in it for the long difficult game I need long difficult game education.
I often hear the email marketing experts speak of "nurturing sequences", specifically designed to foster retention when they are operating on a subscription/recurring revenue model. This appears to be the rest of the story.
The Cause part reminds me of Ten Trees business when I was looking for a hat to buy in a sports store, they had a good looking hat that caught my eye and the Cause that buying a hat will contribute in planting 10 trees. Bought it, didn't even look at the rest of them, it stood out. Good principal to go by.
I own a sign company (manufacturing). How can one create a recurring revenue structure for such company as everything is custom for my clients?? I’ve thought of a flat monthly fee for unlimited signs (the higher margin lower cost signs) but other than that no other ideas. Is unlimited the way to go or will clients order excess signage that will create waste / profit loss?? Thank you, A new fan of your content! ✌️
Haha! Self proclaimed genius has "cracked" every obvious business model in the known universe. He's so freakin' rich he needs to hawk his business on YT. Now go to his website and buy him another starbucks. He needs it more than you do.
As they say now days "common sense ain't common". How gullible must people be to think that someone making 100k a day would try so hard growing a youtube channel selling courses and 1$ book to you all. He's just another self proclaimed millionaire like Dan Pena.
I own two businesses and since acting upon advice he's given in other videos, I've more than doubled my revenue. I've been in it long enough to know that he knows what he's talking about. Have you put forth the effort to apply some of his techniques or are you just espousing beliefs with no supporting evidence?
@@dalemyers9045 you got no supporting evidence, about any of this guys claims. People make money of Dans Penas advice allegedly also, but it does not change the fact, that the guy is self proclaimed bilionaire. A con artist..
@@innerwisdom5015 I do have evidence but that's not enough for you. Totally fine. We each can choose what we want to believe. My business is growing. I'm constantly working on it and myself. Alex has helped me to connect some dots that were missing. Seth Godin and Miles Beckler connected some others. I apply pieces to find what works for me. Your mileage may vary. Goods luck in your business. We don't have to agree.
Good. And I'm hoping that youwillgetgroundedandstopracingthroughryourspeechjustbecauseyouknowsomething. If you'd like human to human communication please contact the Goddess. 💖
I feel like I have been matched with the smart guy in a class project that tried Red Bull for the first time. There is no excuse not to make it with all these amazing successful people sharing their thoughts.
*pre workout. Nah but for real this guy is a genius.
That’s hilarious and I agree!
Hahaha totally - Love you Alex!
He’s a smart guy….smart guy…lol
If you’re in your late 30s you get it. If you don’t I’m old. But I level up with this young mastermind and I appreciate it.
Well said
"its not about what you know, but who you know!"
Increasing your businesses "continuity factor":
- consumption
- collateral / "loss" when switching"
- Cost of Switching (money/time)
- Choice / minimising alternatives for your customers
- Controll of money flow
- (good) Cause (of your business/product)
- Community (within your business/product)
- enforceable contracts / minimum extend of contract
Thank you Alex, BTW love the book, until I read your book I had always thought I was odd. Now that I read your book I realized I have been operating like you but was just missing a few small pieces, with that said you and your wife have enspired me to finally unleash and stop holding back......brilliant book
Dude Alex Hormozi, you read my mind our company was shifting into these pivots just of yesterday. GOLD GOLD GOLD. This was worth at least $10K for my business. Much respect. Our Channel will pivot into more of a community model. 3 Birds one stone.
Totally stoked and agree.
Checking in, brother. How has the pivot been going?
This is your best video. This needs to go viral for entrepreneurs and business owners. Powerful man. Thank you
Perfect! I have been contemplating over the Cycle of Consumption v/s the Cycle of Purchase and how these are correlated. Understanding these "cycles" helps a lot with increasing the LTV. Absolutely awesome!
I found you last night randomly, you added so much value to my life literally overnight. Amazing role model for young entrepreneurs!
As a SaaS business owner this is absolute gold. Cost of switching and collateral are by far the key areas you helped me realize I need to improve with my service. Keep the fire coming! 🔥
I love your channel brother! Been learning & benefiting so much! Keep shining your light & encouraging others to shine their own💡I’ve been feeling like I’m a hair away from everything I’ve ever wanted, & your videos are helping me remove that hair!
2:43 - love those tiny jokes in between :-D "that's what she said" :-D
These are 30 minute expert level classes taught in 15 minutes
community is seen in gyms .. you dont wanna cancel and lose all your buddies. great video man!
I noticed this when a relative got really into crossfit. Crossfit gyms try hard to create a welcoming and friendly community to increase inelastic demand of their good through comradery . They are also specialized gyms so they can charge more than a regular gym (e.g. gold's gym)
@@IsaacJrDevelops yeah good point. cross fit hgyms can be very expensive also other niche gyms as well like powerlifting gyms or boxing mma gyms
Hey Alex, my Son and I love to learn from you! Thank You So much for your education on TH-cam. I'd like to give you one suggestion, to solve your video focus issue, switch your camera to a manual focus mode rather than the Auto Focus mode. If you don't have that option with your current camera, get a different camera. Keep up the great content, in the end I really just come for the lessons learned... Thanks again!
Best business/entrepreneur channel on the internet
I just met a group of 80 ++ year old people traveling throughout so east Asia. We met at the Cambodian customs while we were all awaiting a stamp. I was on a bicycle, they were in a group. I asked ‘wow you guys are surely motivated… “ some of them were walking with help of a cane… one of them said “ we surely are not going to sit at home and watch Netflix”…. I know the point of this TH-cam is different, but in fact the motivation and drive of these older people is the point. Sitting and watching makes revenues for others. I’m with Alex here to say… let the watchers create revenues for us, those who take the risk.
Amazing , i learn something new everyday and your channel is so useful
I haven’t even fully listened yet but I can already tell the amount of substance he will give us in this video is more than you would get in a college class
i second that
Jay Abraham pointed these things out years ago: There's only 3 ways to grow your business.1) Get more customer 2) get these customers to pay more, 3) get the to buy more frequently.
Great value. Thanks for another gem. Please keep them coming
Alex giving us all something better than an MBA
Gave me some good ideas for my saas software, thanks ! Great work as usual packed with value !
I also work in saas , would love to connect if you're interested
Anyway ,all the best 👍
Great great great. Just discovered you recently and am very impressed. This is awesome content. Thank you!
This guy is a national treasure
Must save him at all costs!
Crazy that this is free. Thank you, Alex.
2 more C’s:
Compounding - Build once, serve 1,000, as much as possible
Continously add/improve service - it should be virtually impossible for the customer to run out of service. Reduced rate extra consultancy/dev/product/training/add-ons.
Recurring is getting a lot of attention in the last months, this is super helpful
How can a video like this is available FREE on TH-cam 🔥
This video is lit man! Thank you Alex for sharing this with us..... Really appreciate your efforts ❤
Appreciate the deep dive in recurring revenue. Great examples, Alex! Gotta focus on increasing the consumption. 😉
This was absolutely gold in value!!!!! Thank you sir!!!
We need a stache growing routine
That thing has its own net worth
$100M Staches - How to Grow a Mustache So Good People Feel Stupid Saying No
This guy is gonna make me rich! Knowledge every second every video.
The bigger the head the longer the tail frame work is great! I’m going to test that out! Alex what soft are you using fir this hand written slides?
This is a great blueprint, thanks Alex! 🙌🏻
Alex, can you put all these learnings in a book, we will pay whatever for it.
Need all of this in a compiled place to access and come back to
Summary for those who watched:
Consumption
Collateral
Cost of switching
Choices (fewer)
Controlling the flow of money
Cause
Community
Contracts
Thank you Mr Hormozi, see you at 3 million
So basically you’re at Jordan Belfort status. Almost a million a week. You can buy a yacht man!
Just so much good info in here, thank you!
Dude god bless a real hard knocks entrepreneur be successful and share the TRUE story. Thank you man 🤟🏼 I’m in it for the long difficult game I need long difficult game education.
Creating products and services is a strategy one has to think about over and over until it provides a value for your consumer’s.
They should add this to MBA curriculums.
Hey man! Great video! Which tool are you using to display 2 screens at the same time like you do?
Just finished 100M offers! Amazing. When is the next part coming out?
wow this is really nice explanation thank you
I can’t believe this is free
That's what she said.... Lol 😂👌
And yet again another great vid Alex 👏👏👏
Dan Kennedy made his Kennedys American barbershops only membership based. :D
Just started a physical products business - this was much needed.
Haha! 😂🤣😂
I clicked because I thought this was one of the village people...
YMCA!
I often hear the email marketing experts speak of "nurturing sequences", specifically designed to foster retention when they are operating on a subscription/recurring revenue model. This appears to be the rest of the story.
Thanks bro, keep dropping jewels💎
I see art in the background there, is that part of a tax strat? Lol😂 great stuff in these videos🔥
This guy is on a different level man
🔥🔥🔥... so good!
I Appreciate your content.
powerful
Great share Alex.
Thank You 😊 🙌🏾
Damn, opened my eyes and mind. Yes had me at real estate. This is frickin brilliant 👏 content.
9th Compound, mix two or more 😁🔥💎👍
Brilliant Wow. Thanks man
phenomenal video !!!!
Control of money flow, I love it.
small suggestion can you put that notes link so people can download it
Your ability to simplify alone will make you one of the 🐐 🔥🔥🔥✍🏾
What’s your take on a one time 100miles offer as opposed to a membership recurring model. I am thinking of this as a way to increase LTV.
Millionaire driving lamborghini 3 Million views ----------------Millionaire giving expensive knowledge 10k views Conclusion ?? Poeple are addicted to instant gratification
The Cause part reminds me of Ten Trees business when I was looking for a hat to buy in a sports store, they had a good looking hat that caught my eye and the Cause that buying a hat will contribute in planting 10 trees. Bought it, didn't even look at the rest of them, it stood out. Good principal to go by.
Crazy value as always.
Thank you
My favorite philosopher 🧘♂️
What notepad program is Alex using?
How to work under you ? Do you mentor ?
Word has it that camera is still trying to find focus.
How can you keep on generating this high value content? 🤯
Great stuff, but why the 1.5-2 times speed?
I do not have time to let your information sink into my brain. 🤯
Campaign - marketing tactics
Holy Smokes! A lot of what he mentioned explains the stickiness of crypto!
I own a sign company (manufacturing). How can one create a recurring revenue structure for such company as everything is custom for my clients??
I’ve thought of a flat monthly fee for unlimited signs (the higher margin lower cost signs) but other than that no other ideas. Is unlimited the way to go or will clients order excess signage that will create waste / profit loss??
Thank you,
A new fan of your content! ✌️
Recurring doesn't necessarily mean more signs. It could be a service contract that fixes it when it breaks, replaces lightbulbs, etc.
Hi Alex, the point with controling of money flow is not clear. please elaborate. thank you!
^
Fire 🔥
Hey Alex Future Multi-Millionaire here.
You are a beast
This is the Jesus of marketing
alex hormozi goat
Are you like a Tai Looez buy and fix corporations?
1000mph talking alert! 0.75 playback speed or pay extra attention.
Zero people understand this.
What's your profit
This is profit.
Someone name his top 3 businesses
Haha! Self proclaimed genius has "cracked" every obvious business model in the known universe. He's so freakin' rich he needs to hawk his business on YT. Now go to his website and buy him another starbucks. He needs it more than you do.
people will believe anything
No entiendo alguien me podria explicar
🤯
This is my ultimate goal in the next 5 years 3 Mio/month
Bruh first watch the video
@@camus1446 🤣
:) awesomeness
As they say now days "common sense ain't common". How gullible must people be to think that someone making 100k a day would try so hard growing a youtube channel selling courses and 1$ book to you all.
He's just another self proclaimed millionaire like Dan Pena.
I own two businesses and since acting upon advice he's given in other videos, I've more than doubled my revenue. I've been in it long enough to know that he knows what he's talking about. Have you put forth the effort to apply some of his techniques or are you just espousing beliefs with no supporting evidence?
@@dalemyers9045 you got no supporting evidence, about any of this guys claims. People make money of Dans Penas advice allegedly also, but it does not change the fact, that the guy is self proclaimed bilionaire. A con artist..
@@innerwisdom5015 I do have evidence but that's not enough for you. Totally fine. We each can choose what we want to believe. My business is growing. I'm constantly working on it and myself. Alex has helped me to connect some dots that were missing. Seth Godin and Miles Beckler connected some others. I apply pieces to find what works for me. Your mileage may vary. Goods luck in your business. We don't have to agree.
Good. And I'm hoping that youwillgetgroundedandstopracingthroughryourspeechjustbecauseyouknowsomething. If you'd like human to human communication please contact the Goddess. 💖