product_development

Which path are you taking? Today, Alex (@AlexHormozi) discusses the three paths of entrepreneurship: the pure artist, the pure entrepreneur, and the hybrid path. He explains each path and emphasizes the importance of identifying which path works best for the individual entrepreneur's interests and goals.

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:

(0:26) - 3 paths for entrepreneurs: artist, entrepreneur, hybrid

(2:48) - Artist: doing what you love, not necessarily scaling

(4:14) - Hybrid: combine artist and entrepreneur paths, build around passion

(6:26) - Entrepreneur: business itself is art, build multiple enterprises

(7:53) - Which of the 3 paths are you? (Note: it's okay if it changes)

(9:50) - Most valuable skill: product development, then marketing and sales

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

I prefer to be dealing with tremendous demand and fixing operational problems rather than trying to generate demand... Today, join Alex (@AlexHormozi) as he guests on Foundr Stories’ YouTube to talk about whether or not entrepreneurs are hard-wired or born that way, becoming a billionaire, grand slam offers, and more! This is part 1 of the interview.

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.

Check out the episode on Foundr Stories’ YouTube Channel!

Timestamps:

(1:01) - Alex's first job, entrepreneurial mindset, and book inspiration.

(6:18) - Giving after death, billionaire aspirations, and the path to it.

(11:22) - Post-billion goals, software impact on billionaire status speed.

(17:13) - Importance of the "offer," steep learning for $2M+ monthly earnings.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

“I believe everybody is creative, good at creating ideas and being innovative to disrupt. It’s just you need to believe that you can.”  

Listen in to find out 10 ways to help you come up with and create better ideas based off of me creating products, bonuses and special offers.  

KEY TAKEAWAYS  

• Could what you’re coming up with be new? Could be be better than the old version of the product/offer/bonus? Evolve your ideas with the market, use things that already exist but make it better.  

• What could you create that people would love, need and go batshit crazy for? Don’t give this thing to everyone or it will devalue it. This will create more desire for the thing you’re giving away.  
• Can you get a concept or story behind the product or service? Don’t make up stories. Is there a way to tell a good story and link it to whatever you’re marketing or selling so you can connect with your audiences’ emotions?  
• What has the market told you there’s demand for? Listen to your markets so you know what your market wants and what you can give them.  
• What can you create to get people talking and fighting for it? What controversy can your product bring to the market and get people going wild?  
• What you want to give away is high perceived value to your audience but low actual cost to you. This could be something that’s downloadable. If you give away actual products, it’s more likely to backfire if you give too many away.  

• How can you make it different? Doing to same things over and over will not work. Reinvent your products and what your products are.  
• Surprise or shock your audience without making it a gimmick.   
• Could you do something bold or risky? Maybe do a challenge or someone thing really ballsy but don’t go too big so you don’t paint yourself into a corner. Step up your game. Make your competitors say “woahhhh.”  
• Continue to take feedback from your customers, peers and competitors.  

BEST MOMENTS  

• “Make what you’ve already got look new.”  
• “Bad marketers make up stories.”  
• “The more you give away the more you can go bust.”  
• “Anything that will shock your audience, that’s unexpected will get people running in droves to get your products and services.”  

[Business, mindset, entrepreneur, disruptors]

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

 rob.team

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

CONTACT METHOD

Rob’s official website: https://robmoore.com/

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Wade Foster is the CEO of Zapier (YC S12).

Read the transcript and their de-location post here.