Guest Alex Hormozi shares his step-by-step process for successful cold outreach, emphasizing personalization and offering valuable free services to overcome trust issues.
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Quick takeaways
Personalization and offering big, fast value are important in overcoming the lack of trust in cold outreach.
Cold outreach provides a more private, scalable, and reliable advertising method compared to ads or content creation.
Deep dives
Building a Cold Outreach System
The podcast episode discusses the process of creating a successful cold outreach system, which resulted in generating tens of millions of dollars in sales. The speaker shares their personal experience of transforming their business from relying solely on ads to building a cold outbound team that generated over half of their sales. The main message is to provide valuable lessons and insights so that listeners can gain a head start in implementing their own successful cold outreach system.
The Three Problems Strangers Create
The podcast episode highlights the three main challenges when reaching out to strangers: getting their contact information, capturing their attention, and driving engagement. The speaker emphasizes the importance of personalization and providing big, fast value in order to overcome these challenges and build trust with strangers. The episode suggests various methods and strategies such as personalized messaging, targeted lead lists, and automating delivery and distribution to effectively tackle these problems and increase the chances of successful engagement.
The Power of Volume and Reliability
The podcast episode explains the benefits of using cold outreach as an advertising method, including the ability to focus on one well-crafted message instead of creating multiple ads or content. It emphasizes that cold outreach remains private and helps businesses operate in secrecy, without exposing their customer acquisition strategies to competitors. The episode also highlights the reliability of cold outreach, as it can be scaled based on the amount of input, providing a consistent flow of new engaged leads. Furthermore, it discusses the advantage of avoiding platform changes and compliance issues, making cold outreach a more viable and efficient option for businesses.
Metrics and Benchmarks for Success
The podcast episode delves into the importance of tracking metrics in cold outreach and provides examples of benchmarks for success on different platforms. It explains how to calculate return on advertising investment and emphasizes the relevance of volume and engagement rates in achieving profitable outcomes. The episode also discusses the potential of scaling cold outreach efforts and the value it adds to a business, making it sellable and independent from a single spokesperson or individual.
“Give yourself a downhill battle by giving away something crazy.” In this episode, Alex (@AlexHormozi) discusses his step-by-step process for creating a successful cold outreach system that resulted in generating tens of millions of dollars. He emphasizes the importance of personalization and offering big, fast value to strangers to overcome the lack of trust in cold outreach.
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.