Elon Musk: There are seven categories that I think through both physical and digital that you can sell in general. Most of the time you're going to start likely with some sort of selling your time, which is often services. If someone sells a rock concert, for example, you're selling access to an experience but you might also sell drinks and t-shirts while you're there. And so, at the end of the day, this is my massive simplification for figuring out what you should sell. Figure out the person you could provide the absolute most value to.
“Figure out the person you can provide the absolute most value to.” Today, Alex (@AlexHormozi) shares with us the seven things that entrepreneurs can sell, both in physical and digital formats. He also shares his framework for choosing a product or service to sell, as well as his approach to scaling and making it profitable.
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:
(0:56) - Types of services and products in physical and digital worlds
(4:24) - Choosing which one to sell
(7:28) - Transferable skills and experiences for career development
(12:19) - The Delivery Cube Framework
(15:35) - Maximizing value in product sales
Follow Alex Hormozi’s Socials:
LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition