The Game with Alex Hormozi Practical Ways To Grow Your Business | Ep 821
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Jan 7, 2025 Discover the essentials of setting clear business goals to drive success. Unravel the complexities of sustainable business models and learn how to foster lasting client relationships. Explore the unique advantages of audio workbooks for enhanced learning. Dive into innovative pricing strategies for stylist education, balancing education with product sales. Finally, find out how to grow your business by leveraging organic audiences and anchor products, along with a free Scaling Roadmap for effective development!
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Scaling Coaching Businesses
- Two major challenges for coaching businesses are revenue retention and scalability.
- Coaching can scale to $20-30 million annually, but replicating quality at scale is difficult.
Knowledge Business Model
- Knowledge businesses like consulting firms thrive on career paths, creating supply constraints and high earning potential.
- This attracts intelligent individuals who may not be suited for coaching but excel in specialized roles.
Monetizing YouTube Channels
- Motorcycle YouTubers can increase revenue by understanding advertiser products and forming partnerships.
- Explore sponsorships, affiliate marketing, or product partnerships based on channel ad revenue.