The Game with Alex Hormozi

Cold Outbound Sales Magic | Ep 439

15 snips
Sep 22, 2022
Discover the magic of cold outbound sales and how it can skyrocket your customer acquisition. Learn about a fascinating case study involving two beachside entrepreneurs selling energy drinks. Delve into the critical math behind customer lifetime value and acquisition costs. Hear about innovative referral strategies and the significance of a strong product for virality. Plus, get tips on ensuring quick returns even when cash flow is tight. This is a treasure trove of practical business insights!
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ADVICE

Customer Acquisition Methods

  • Use the four core customer acquisition methods.
  • Leverage referrals and affiliates, or use them to reach more customers.
ANECDOTE

Energy Drink Sales

  • Alex Hormozi observed two girls distributing energy drinks on the beach.
  • This sparked an analysis of cold outbound sales for consumer products.
ADVICE

LTV to CAC Ratio

  • Consider the lifetime value (LTV) and cost of acquisition (CAC).
  • Aim for a minimum 3:1 LTV to CAC ratio for sustainable growth.
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