The Game with Alex Hormozi

Rich People Buy Differently (So Price Like It) | Ep 949


Listen Later

Want to scale your business faster?

Join our 2-day, interactive workshop: https://www.acquisition.com/workshop-yt-d?el=yt-alex-485w&htrafficsource=youtube


Most business owners aren’t “bad at business.” They’re just selling to broke people and then act surprised when the close rate is trash, churn is high, and customers complain nonstop. In this episode of The Game, Alex breaks down the uncomfortable truth: if you want to make money, you have to go where the money is. A small percentage of buyers control a massive percentage of the wealth, which means if you price and position your business for “everyone,” you end up building a business for the people who can’t pay. The goal is simple. Pick a better customer, build a bigger offer, and charge in a way that makes you more money with fewer sales.


In this episode

00:00 Why businesses struggle to make money

04:32 Applying the Pareto principle in profits

07:21 Top-down business and pricing strategy

16:10 Sell to the rich - they pay better, complain less

28:47 Picking price points: value over cost

32:50 How close rates reveal underpriced commodities

38:41 Stop selling commodities and raise prices systematically




More Value:

Discover The Easiest Business I Can Help You Start (Free Trial): https://www.skool.com/hormozi

Join The In-Person Scaling Workshop In Las Vegas: https://www.acquisition.com/o-vegas




Download your free $100M scaling roadmap here: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube


Get the $100M Book Bundle: https://shop.acquisition.com/pages/100m-book-bundle


Take the $100M Lead Generation Course: https://www.acquisition.com/training/leads?hsLang=en


Learn How to Make Offers People Cannot Refuse: https://www.acquisition.com/training/offers?hsLang=en



Follow Alex Hormozi’s Socials:

⁠⁠LinkedIn ⁠⁠ | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠YouTube ⁠⁠ | ⁠⁠Twitter⁠⁠ | ⁠⁠Acquisition ⁠

...more
View all episodesView all episodes
Download on the App Store

The Game with Alex HormoziBy Alex Hormozi

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

4,363 ratings


More shows like The Game with Alex Hormozi

View all
The Cardone Zone by Grant Cardone

The Cardone Zone

3,910 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,842 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

32,856 Listeners

Founders by David Senra

Founders

2,221 Listeners

THE ED MYLETT SHOW by Ed Mylett

THE ED MYLETT SHOW

14,031 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

594 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,294 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,876 Listeners

Modern Wisdom by Chris Williamson

Modern Wisdom

4,025 Listeners

Dropping Bombs by Brad Lea: CEO, Entrepreneur, and Host of The Bottom Line

Dropping Bombs

2,318 Listeners

My First Million by Hubspot Media

My First Million

2,660 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,131 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

961 Listeners

Andy Elliott's Elite Mindset Motivation and Sales Training by Andy Elliott

Andy Elliott's Elite Mindset Motivation and Sales Training

167 Listeners

BigDeal by Codie Sanchez

BigDeal

950 Listeners