What’s Actually Holding Back Your Growth? | Ep 881
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The Game with Alex Hormozi
This episode is titled:
What’s Actually Holding Back Your Growth? | Ep 881
Notable Quotes
"There will literally always be money on the table."
"If your child becomes really attached to a single teacher, then if that teacher leaves, then all of a sudden this skill that they spend all this time on, they'll associate with the teacher."
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Get More InsightsEpisode Summary
The episode features multiple entrepreneurs seeking advice from Alex on how to scale their businesses effectively. One entrepreneur, Henry, discusses his education business targeted at the Hispanic market and contemplates whether to increase the number of events he holds or focus on retaining past customers. Alex suggests leveraging high-ticket upselling and establishing a membership model to maintain customer engagement over time.
Another entrepreneur, Mike, operates in-home cellular therapy services. He explains the challenges of acquiring B2B customers while contemplating a B2C approach. Alex recommends focusing on strengthening the affiliate marketing strategy to boost referrals from doctors and highlighting the need for persistent follow-ups with affiliates to maintain engagement.
Julie, who sells travel coaching services, asks Alex about launching new offers while optimizing current ones. He advises against diversifying prematurely and encourages focusing on scaling existing successful models. Other entrepreneurs, like Kershyn, explain their struggles with leadership development within their solar sales team, emphasizing the need to train leaders actively.
Finally, Adam, running a music lessons studio, shares his revenue constraints and the need to adapt his model. Alex advises adopting a semi-private lesson structure to improve capacity utilization and focus on higher price points to increase profitability.
Another entrepreneur, Mike, operates in-home cellular therapy services. He explains the challenges of acquiring B2B customers while contemplating a B2C approach. Alex recommends focusing on strengthening the affiliate marketing strategy to boost referrals from doctors and highlighting the need for persistent follow-ups with affiliates to maintain engagement.
Julie, who sells travel coaching services, asks Alex about launching new offers while optimizing current ones. He advises against diversifying prematurely and encourages focusing on scaling existing successful models. Other entrepreneurs, like Kershyn, explain their struggles with leadership development within their solar sales team, emphasizing the need to train leaders actively.
Finally, Adam, running a music lessons studio, shares his revenue constraints and the need to adapt his model. Alex advises adopting a semi-private lesson structure to improve capacity utilization and focus on higher price points to increase profitability.
Key Takeaways
- Focus on customer retention and upselling to build long-term relationships.
- Develop a strong affiliate marketing strategy for better referrals.
- Avoid diversification until the existing business model is optimized and scaled.
- Train leadership consistently to ensure sustainable growth in sales organizations.
- Transition to a semi-private or group lesson model to increase profitability in service-based businesses.