The Game with Alex Hormozi ✅How To 2.5x the Profit Per Member ✅ | Ep 139
Jul 26, 2019
Discover the art of strategic pricing and how it serves as the strongest profit lever for businesses. Learn from data-driven insights on enhancing service value to boost profitability. Explore practical upsell strategies that can lead to increased revenue without altering your core business model. Find out how to decrease customer churn by adding meaningful value, ultimately transforming your approach to customer retention. Get ready to revolutionize your profit strategy!
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Pricing Power
- Pricing is the most powerful profit lever in a business.
- A 1% price increase impacts profit 4x more than a 1% acquisition cost decrease.
Increase Value, Increase Price
- Add high-value services like one-on-one coaching to increase prices.
- This can significantly boost profits without changing your core business model.
Upselling Power
- Upsells are significantly cheaper than acquiring new customers.
- Implementing upsells, like bolt-on services, can drastically increase profit per customer.