The Game with Alex Hormozi Practical Ways To Grow Your Business | Ep 821
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Jan 7, 2025 Discover strategies to overcome growth challenges in the coaching industry by transitioning to scalable training methods. Learn how to enhance membership sales funnels for improved client engagement and retention. Dive into creative marketing techniques for niche businesses like Dungeons & Dragons publishing, highlighting the importance of innovative product offerings. Additionally, explore upselling tactics that target your existing audience to maximize profits while strategically reinvesting in advertising for continued success.
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Scaling Coaching Businesses
- Two problems limit coaching businesses: revenue retention and scaling expertise.
- Fractionalizing coaching dilutes value, while replicating expertise through career paths is slow but builds large firms.
Prioritizing Revenue Retention
- Focus on revenue retention if your goal is business longevity without selling.
- Develop products as the core business to improve revenue retention.
Monetizing a YouTube Channel
- Identify top-performing advertisers on your platform to understand customer interests.
- Leverage this data to create sponsorships, affiliate deals, or partnerships.