This FOMO concept or scarcity concept is as old as time. Warren Buffett, you and I both still take advice from a guy who is double my age and I'm already old because the principles that this dude teaches are timeless. It's our ability to apply them now that separates us in our life. Trim and stack hack: When we're thinking about creating a new product line or when I say a new service line, we think about what are all the problems that our prospects are suffering from. And so we word it as solution wording to the problem that we are solving. So on one level of the cube, you have what is the ratio of the people.
And so I was so afraid of losing that, just not quitting became the one thing... Today, join Alex (@AlexHormozi) as he guests on Ed Mylett’s Show to talk about the kind of mindset he had when he was at one of the lowest points in his life, what is scarcity stacking and how the concept of FOMO is being used in business. This is part 2 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 Ed Mylett’s YouTube Channel!
Timestamps:
(1:35) - Belief contradictions coexisting within.
(3:26) - Alex's focus during life's lowest point: Controllable aspects.
(8:42) - Exploring the "Scarcity Stack" concept.
(14:05) - FOMO creation: Scarcity and urgency as key elements.
(20:05) - Marketing and product creation intertwined; skill development insight.
(26:50) - Would Alex revisit past struggles given the chance?
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