The Game with Alex Hormozi artwork

HOW TO RIP MONEY FROM THE HANDS OF BROKE PEOPLE... πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯ | Ep 53

The Game with Alex Hormozi Β· with Alex Hormozi Β· May 15, 2018 Β· 8 min

Summary

This episode challenges the common limiting belief that potential customers are

Key takeaways

Themes

founder & leadership

Topics covered

sales mindsetovercoming sales objectionspricing strategypayment planscustomer beliefs

Episode description

"Broke people are the easiest to take money from because they don't have good mindsets around money." Today, Alex (@AlexHormozi) discusses how to sell to "broke" people by adopting the belief that they are bad at managing their money and need help improving their lives through fitness and discipline. He also emphasizes the importance of not offering payment plans and avoiding down selling, as well as believing in the value of one's product or service.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:(0:39) - Broke people are easier to sell to.(2:36) - Payment plans hurt sales.(4:19) - Avoid offering lower-priced alternatives.(5:47) - Believe in customer improvement, exploit poor money management.(6:44) - Gym trainers spend money on priorities, customers can too.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

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Frequently asked about this episode

What does this episode say about founder & leadership?
Shift your mindset: Don't assume customers are broke or can't afford your offering.
What does this episode say about founder & leadership?
Eliminate payment plans and downsizing automatically: Avoid offering payment plans or
What does this episode say about founder & leadership?
Cultivate strong belief in your offering: Genuinely believe that your product or
What does this episode say about founder & leadership?
Recognize objections as questions, not obstacles: Many customer objections are
What does this episode say about founder & leadership?
Understand priority-based spending: Everyone has money for what they prioritize.

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