If you can't even handle an unlimited amount of customers, why are we pretending like we can? We should be at least advertising what our limit is. People will buy more readily because they don't want to miss out. It's much stronger to get people on FOMO than it is on desire for gain. And if your slot is the scarce resource which is our goal in positioning it that way, then you'll get more people to buy at higher prices.
(Disclaimer: This interview was recorded over Zoom. We apologize in advance for the quality of the audio.)
There is a space choosing between to extremes, but keep close to the choice that is totally risk reversal. Today, join Alex (@AlexHormozi) as he guests on Vince Del Monte’s YouTube to talk about scarcity urgency on resigns, attracting low-quality leads, using the cohort method, 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 Vince Del Monte’s YouTube Channel!
Timestamps:
(0:47) - Cohort method, high-ticket coaching, and rolling urgency strategies.
(10:31) - Scarcity urgency for resigns: maximize renewals and upgrades.
(14:14) - Techniques for ascending to the next level, including downselling the upsell.
(17:01) - Avoiding low-quality leads while offering guarantees in your business.
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