In this podcast, Alex Hormozi discusses the importance of volume and testing in advertising. He shares his experiences and provides a simple advertising plan for getting more engaged leads. The podcast also emphasizes the power of learning by doing and persistence in achieving advertising success.
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Quick takeaways
Testing and learning by doing is crucial in advertising, allowing for permission to fail and the opportunity to triple advertising budgets to see significant growth.
High-volume advertising efforts are necessary for success, as most people underestimate the amount of work required to make advertising effective.
Deep dives
The Power of Testing and Learning by Doing
One of the main takeaways from the podcast episode is the importance of testing and learning by doing. The speaker recounts attending a private event with successful entrepreneurs where he felt out of his league. However, he was inspired by a speaker who emphasized the value of spending a percentage of revenue on testing new campaigns, channels, and ideas. This lesson gave the speaker permission to fail and encouraged him to triple his advertising budget. As a result, his business saw significant growth, reaching over 16 million in monthly revenue.
The Importance of Volume in Advertising
Another key point discussed in the episode is the significance of volume in advertising. The speaker shares an experience with distributing 300 flyers, which turned out to be insufficient for effective results. He realizes the importance of doing something a higher number of times to truly test its effectiveness. The speaker emphasizes the need for consistent, high-volume advertising efforts, as most people dramatically underestimate the amount of work required to make advertising successful.
The Roadmap to Scaling Advertising
The podcast episode introduces a roadmap for scaling advertising efforts. The speaker outlines seven levels of advertiser progression, from starting with reaching out to friends, all the way to hiring experienced executives to manage advertising activities. Each level involves different actions and strategies to expand advertising reach and effectiveness. The listener is encouraged to identify their current level and take steps to progress towards higher levels of advertising.
The Value of Persistence and Continuous Improvement
Lastly, the podcast highlights the value of persistence and continuous improvement in advertising. The speaker shares personal habits, such as waking up early, getting straight to work, and avoiding meetings until noon. These habits have proven to be highly effective in maximizing advertising efforts and achieving desired outcomes. The speaker emphasizes the importance of never quitting and continually pushing one's limits to achieve success in advertising and business.
“Entrepreneurship isn't for the faint of heart. The load is heavy and the road is long.” In this episode, Alex (@AlexHormozi) discusses his experiences with advertising and the importance of volume and testing until you find what works. He also lays out a simple one-page advertising plan for getting more engaged leads and scaling your business.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.