The Game with Alex Hormozi

Building a $3,500,000 Business for a Stranger in 42 Mins

213 snips
Apr 1, 2025
Cody Shilson, a third-generation owner of Trophy Outlet, dives into scaling a trophy and awards business. He shares innovative marketing strategies, particularly through TikTok, that have driven significant sales. The conversation also highlights the importance of diverse revenue streams, effective customer acquisition, and the shift from brick-and-mortar to e-commerce. Shilson discusses the challenge of maintaining financial health while planning for future growth and emphasizes the power of viral marketing and SEO in enhancing profitability.
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ANECDOTE

E-Commerce Growth

  • Cody Shilson launched his Etsy business in 2019, achieving $70,000 in revenue.
  • In 2023, he launched on Amazon, reaching $300,000, and TikTok Shop with $270,000, mostly from December.
ADVICE

Consolidate Operations

  • Alex Hormozi advises Cody Shilson to consider consolidating his business operations.
  • He suggests closing the less profitable retail location to improve the bottom line and focus on e-commerce.
INSIGHT

Pricing Strategy

  • Cody Shilson's pricing strategy was initially based on guessing and competitor analysis.
  • He later implemented a cost-plus model but acknowledges potential pricing issues.
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