Say THIS When Your Competition is CHEAPER
4:13

Say THIS When Your Competition is CHEAPER

Alex Hormozi 28.12.2020 11 765 просмотров 561 лайков

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Download your free scaling roadmap here: https://www.acquisition.com/roadmap-yta32 The easiest business I can help you start (free trial): https://www.skool.com/hormozi Business owners: Want to scale faster? We provide in-person advisory for companies doing at least $1M per year: https://www.acquisition.com/workshop-yta32 If you're new to my channel, my name is Alex Hormozi. I'm the founder and managing partner of Acquisition.com. It's a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $250,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I'll give you some stuff you can google to verify below. How I got here… 21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job. 23 yrs old: Left my fancy consulting job to start a business (a gym). 24 yrs old: Opened 5 gym locations. 26 yrs old: Closed down 6th gym. Lost everything. 26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time. 26 yrs old: In desperation, started licensing model as a hail mary. It worked. 27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months. 28 yrs old: Started Prestige Labs. $20M the first year. 29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months. 31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal. 31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it) 31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit. 32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses. 34 yrs old: I became co-owner of https://Skool.com, which is a platform for people to build communities online, making a living doing what they love, with people like them. 36 yrs old: I did a $106M book launch selling 3.6M copies of my $100M Money Models book, in 72 hours, breaking the Guinness world record for the fastest selling non-fiction book of all time. Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos). To all the gladiators in the arena, we're all in the middle of writing our own stories. The worse the monsters, the more epic the story. You either get an epic outcome or an epic story. Both mean you win. Keep crushing. May your desires be greater than your obstacles. Never quit, Alex DISCLOSURE Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies, and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary. Copyright © 2025.

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Segment 1 (00:00 - 04:00)

yeah so we lost like a couple deals the past couple weeks to companies that are charging like 200 a month you know retainer and we're like we're [ __ ] better than these we're so much better than these companies we give more we're like we coach better oh everybody can make them more money and they're like [ __ ] go with this company or because they're 200 a month so i would so tj so if you were on the phone and you're like hey alex there's this guy down the street for two hundred dollars a month i'd be like hey man i was like what do you sell personal training for 200 a month right training for right i mean you would the guy would tell him he'd be like i don't know 80 bucks an hour like cool i got a kid down the street he'll do it for 10 bucks whose training do you think is better why do you think he's got to charge 10 right get what you pay for and so that being said if you want to go there the thing is if you spend 200 to get nothing is that a better investment than spending a thousand in getting 10x on it so is it really a cost if we're looking at how much money we're going to make when you invest in a stock are you like well amazon's more expensive than bank of america it's price to value it's like price is what you pay value is what you get right if you're getting [ __ ] for 200 it's still a bad investment that's how you break right well pricing comparison yeah one of my favorites is like well [ __ ] man why didn't you go with them yeah like they're only like [ __ ] man but like yeah the one case scenario is like we did the call with the guy first and then the next day he's like i got another company i'm talking with blah blah he's not with them we followed up with him he's like yeah i went with them because they were like two dollars a month we were like that's fine and it happens the thing is he'll be back right yeah but the other side of it is uh because here's candidly they have no way to acquire customers you know they're ltv dude if he keeps him for a [ __ ] year it's 2400 right he's not competition that's kind of my point here but yeah even if it were and this did come up right one of my favorite clothes is called the comparison close all right which i say all right let's pretend price isn't an option all right let's say we're both priced at the exact same amount which one would you rather do they're gonna say you right i'd be like why and then they're gonna be like well you know i like the fact that you guys got the coaching thing uh i mean i like selling higher ticket that's that kind of makes more sense to me they'll start telling you why and you're like right you like anything else you keep going anything else any other reasons anything else like about roi what about risk what about like track record any of those things matter well yeah i guess that too like right and for that reason you can understand why we're not 200 as you let them sell you on the reason of why they would rather do you they spend three minutes telling you about why you're better you're like right you can understand why we're not 200 yeah but i like the stock example because it's listen it's like the price of the stock is irrelevant it's what you get for what you pay if you pay 200 you flush it down the toilet is that a good deal of course not if you pay a thousand dollars and you get 10 back is that a good deal of course so the price has nothing to do with our discussion but everything to do with how likely you are to hit your goal that's good how likely do you think you are to hit your goal and how important is your time do you want to waste three more months not hitting your goal trying another mickey mouse thing do you think if he was really the best in the industry like let's be real for a second do you think if he was the best in the industry the most likely to help you hit your goal he would charge you the same amount as a [ __ ] boot camp client yes or no [ __ ] hell no of course not so then why do you think it would be reasonable that he'd be better of course he's not so the question is are you being cheap are you gonna get burned twice today right or do you want to buy nice you can buy nice or buy twice right it's up to you

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