The Game with Alex Hormozi $100M Offers: E-commerce Edition | Ep 420
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Aug 9, 2022 Discover how to create irresistible offers for E-commerce! The discussion reveals the four key variables that can dramatically enhance perceived value. Learn to harness strategies like scarcity and urgency, much like Amazon does, to drive customer engagement. The insights on maximizing value equations provide actionable tips for boosting sales and increasing customer loyalty. Plus, Alex shares personal lessons from his journey to significant wealth, offering a unique glimpse into the mind of a successful entrepreneur.
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E-commerce Value Enhancement
- Use scarcity, urgency, guarantees, and bonuses to enhance value in e-commerce.
- Consider Amazon's strategies, like Prime shipping and limited-time deals.
Boosting Perceived Likelihood
- Increase perceived likelihood of achieving desired outcomes with product demonstrations and reviews.
- Show customers how to use your product and highlight positive experiences.
Time Delay and Value
- Faster delivery increases perceived value and encourages repeat purchases, as demonstrated by Amazon's Prime.
- Reduce time delays in both purchasing and product experience to boost value.
