The Game with Alex Hormozi Secrets to making money without a lot of clients | Ep 298
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May 6, 2021 Discover the six innovative ways to boost customer Lifetime Value and supercharge your profits. From adjusting pricing and cutting costs to enhancing purchase frequency and upselling, each strategy holds unique potential. Learn about the power of cross-selling and down-selling as additional techniques for maximizing value. Alex shares his personal favorite method, claiming it to be the strongest of them all. Tune in for insights gained from his journey to a billion-dollar net worth!
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Price as a Lure
- Increase your product's price to enhance its perceived value.
- Higher prices can create a sense of exclusivity and desirability.
Lowering Costs
- Decrease production costs to improve gross profit margins.
- Invest in technology, processes, or outsourcing to achieve this.
Boosting Purchase Frequency
- Encourage repeat purchases to boost customer lifetime value.
- Get clients to buy more frequently by offering incentives or subscriptions.
