Alex, I like what you're saying about service based businesses, because it's not that sexy. It usually takes capital and it doesn't take capital to start a service business. What people ask you to do as a favor is an indication of the things that you can charge for later. Alex: If you've got stuff that people asked you to do for them, maybe you're good at tech. That means you're solving problems. And so after a year of doing that, I had probably, I don't know, 12 really good test of like great before and after pictures that I had collected from my clients. So once I had 10 customers who were like this first, that was
"Everyone knows something.” Today, join Alex (@AlexHormozi) as he guests on Deep Dive with Ali Abdaal to talk about various topics related to entrepreneurship and making money, including pricing strategies, achieving multiple millions, and transitioning from a low-income job to a six-figure income. He also offers advice on how to achieve financial success and stresses the importance of having the right mindset and dedication. 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 Ali Abdaal’s YouTube Channel!
Timestamps:
(1:39) - Pricing strategies and achieving millions
(8:41) - Transitioning from employee to entrepreneur
(16:16) - Trading time for money to learn & pay down ignorance debt
(29:59) - Benefits of learning vs. earning
(36:31) - Increasing income through skill development
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