business profitability

What does it take to own a billion dollars? Just money? Investments? Hard work? Today, Alex (@AlexHormozi) shares with us the truth behind becoming a billionaire, the misconceptions around it, and how thinking in magnitudes in order to reach this goal will help you in the long run.

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 on his path from $100M to $1B in net worth.

Timestamps:

(1:47) - Misunderstanding: You own, not make, a billion dollars. Alex's perspective.

(4:45) - Becoming a billionaire requires full-time dedication and profit focus.

(7:13) - To be a billionaire, own something worth a billion, think big.

(8:51) - Steps to make $700 million/year: scalable opportunities, large market, high margins.

(10:06) - Clarification: You don't make 1 billion; you own it. Math example.

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LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

"And it all comes down to making sure that our prices make sense." Today, Alex (@AlexHormozi) discusses the importance of raising EFT prices for legacy gym members and how to handle the situation with honesty and respect. He emphasizes the need to focus on profitability and offers tips on how to communicate the price increase effectively.

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 on his path from $100M to $1B in net worth.

Timestamps:

(0:51) - Careful communication for raising gym prices

(1:43) - Ethically explain need for profitability with price increase

(3:15) - Address concerns and negotiate alternative terms

(5:43) - Personally contact customers to discuss pricing changes and benefits.

(7:30) - Explain the necessity of raising prices for business growth.

(8:51) - Increasing blended average EFT for higher profits and capacity.

Follow Alex Hormozi’s Socials:

LinkedIn  | Instagram | Facebook | YouTube  | Twitter | Acquisition