"You only need ONE of these for your business to get absolutely massive." In this episode, Alex (@AlexHormozi) shares 9 ways to legally acquire market share from your competition and dominate your industry. No matter what kind of business you have; service, e-commerce, SaaS, or other; something here will be applicable to help you acquire more customers and keep them for longer.
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:
(00:39) - Network effects
(03:46) - Exclusive control over a resource or technology
(06:52) - Government regulations and licensing
(09:44) - Economies of scale
(12:12) - Vertical integration
(15:35) - Strong brand identity
(17:42) - Strategic pricing
(21:24) - Exclusive contracts w/ 3 different parties
(25:09) - Huge capital requirements
(27:24) - Intellectual property
(30:56) - Acquisitions and mergers
(35:51) - Innovative business models
(40:03) - Control over distribution channels
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