If it costs me $10 in cost to give the massage, then I break even on my lead magnet. But am I willing to lose 10 bucks on 20 people? So I pay $200 to get six customers that convert and are worth 2000. If you don't know how to give two types of value, then get good enough to be able to give value on the front end before someone buys so that you can givevalue on the back end. And as a side note, I've been working on something else since 2019 that I just finished that I'll be releasing to everyone live there. It's more than a gift card and it's less than a Tesla. You're not gonna
"If a lead magnet is not good enough that people then tell other people about it, in my opinion, you have failed." Today, Alex (@AlexHormozi) discusses the importance of offering valuable lead magnets to attract potential customers and increase sales. He also provides seven steps to creating effective lead magnets for any business.
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.
Timestamps:
(1:21) - Lead magnet: complete solution for narrowly defined problem.
(3:39) - Even if it costs, it should lower customer acquisition cost.
(5:11) - Know customer journey ahead.
(6:57) - Don't be afraid to give away costly stuff.
(7:48) - 7 steps for creating lead magnets for any business.
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