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The podcast episode explores the journey of the speaker in building successful businesses from scratch. He shares his experiences and lessons learned throughout the process.
The speaker emphasizes the importance of creating irresistible offers to attract customers. He discusses the strategies he used, such as offering a free six-week challenge with a money-back guarantee, to make the offer compelling and increase conversion rates.
The speaker reflects on the idea that as an entrepreneur, the goal is not just to achieve freedom but to have options for engaging activities. He shares his personal experience of feeling bored after achieving financial freedom and realizing the importance of staying engaged and pursuing new opportunities.
The speaker mentions his wife's involvement in the business and highlights the importance of having a supportive and equally passionate partner. He explains that while they are both dedicated to their work, they also prioritize time for personal activities, such as going out to dinner or hitting the gym.
Having conviction and building trust are two crucial factors in successful sales. Conviction involves firmly believing in the product or service being offered, while trust is established through expert knowledge and rapport. By asking the right questions and guiding prospects to come to their own conclusions, salespeople can effectively communicate the benefits of their offerings. Adopting a childlike curiosity instead of engaging in confrontation can further enhance the sales process. Overall, focusing on conviction, trust, and effective communication techniques can lead to better sales outcomes.
Envy is a common reaction when witnessing others' success, but reframing it can bring a shift in mindset. Instead of feeling envious, one can choose to be excited and see the opportunity to learn and experience various things. Inspiring others should be the goal, rather than worrying about negative reactions. Understanding that different people will have different responses to success stories allows individuals to focus on those who are inspired and open to learning. This mindset can foster personal growth and positive connections with others.
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Alex Hormozi (@AlexHormozi) to discuss his journey from sleeping on gym floors to making millions, sales techniques that can earn you $100k per month, how he got so ripped, and more.
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Show Notes:
(00:25) - Explaining Alex's business
(09:55) - Alex's background and how he got his start
(28:55) - Starting a supplement business
(33:30) - How to get big commitments up front
(47:30) - Alex's 5 AM to 4 PM schedule
(54:45) - How Alex got jacked
(59:30) - Sales advice
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Additional episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
• #218 - Why You Should Take a Think Week Like Bill Gates
• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
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