The Game with Alex Hormozi 6 Hacks I Use To Create High Margin Service | Ep 300
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May 13, 2021 Discover six innovative hacks to enhance service-based businesses. Dive into the 'Service Delivery Cube' framework, which redefines how to explain offerings and engage clients. Learn how to maximize value by adjusting support levels and consumption methods. Explore strategies for increasing revenue through speed and convenience. Uncover the potential of finding excess capacity to drive profit while creating compelling customer experiences. Alex shares his insights on adding value in creative ways!
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Customer Value
- Consider customer acquisition and increasing customer value.
- Valuable services are key for increasing customer value.
Service Delivery Cube
- Alex Hormozi uses a "Service Delivery Cube" framework to brainstorm product line expansions.
- This helps him identify opportunities to add value with existing resources, like monetizing sawdust in a lumber mill.
Client Ratios and Involvement
- Consider client ratios (one-on-one, small group, one-to-many) when designing services.
- Also, think about the extent of client involvement (DIY, done-with-you, done-for-you).