Alex Hormozi shares his experience of growing his audience through hiring agencies, emphasizing the importance of learning from experts. He discusses the pros and cons of agencies, including declining quality and limited control. Bringing aspects in-house allows for higher-quality output at a lower cost and building long-term momentum. Setting clear expectations with agencies is crucial for success.
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Quick takeaways
Learning from experts is crucial when approaching a new platform, and hiring agencies can help establish a content cadence and gain context and expertise.
To avoid the common pitfalls of agencies, clearly communicate intentions and set a six-month period to learn their processes before training an in-house team for better results and enterprise value.
Deep dives
Approaching New Platforms: Learn from Experts
When approaching a new platform, the podcast host emphasizes the importance of learning from experts rather than trying to figure it out on your own. By hiring a basic agency, you can get started and establish a regular content cadence. As you gain more context and expertise, you can transition to working with a more advanced agency to learn the nuances of the platform and improve the quality of your content. Eventually, you can bring the content creation in-house and surpass the skills of the external agency. This three-step process has been applied to various platforms and methods, ensuring efficient and effective growth.
Avoiding the Pitfalls of Agencies
The podcast host shares his experience with agencies and the common pitfalls to avoid. Many agencies tend to assign lesser-skilled employees once initial results are achieved, leading to a decline in performance. To overcome this, the host recommends being clear about your intentions and setting a six-month period to work with the agency to learn their processes and decision-making. After gaining enough knowledge, you can start training your in-house team to take over and achieve even better results. This way, you can avoid over-reliance on agencies and build enterprise value.
Maximizing Agency and In-house Collaboration
The podcast highlights the importance of utilizing agencies for short-term wins and then transitioning to an in-house team for long-term growth and control. By starting with an agency, you can quickly gain momentum and leverage their expertise. However, it's crucial to clearly communicate your intentions with the agency, expressing a desire to learn and eventually bring the processes in-house. By following this approach, you can achieve faster results, minimize risks, and build enterprise value through the scalability and control of having an in-house team.
"You can learn every platform on your own. It just takes more time." Today, Alex (@AlexHormozi) shares his experience of growing his audience across all platforms through hiring agencies to help him with content creation and platform strategy. He emphasizes the importance of setting clear expectations and learning from the agency to eventually bring the work in-house for long-term success.
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.
Timestamps:
(2:34) - Outsource and learn from experts.
(6:48) - Be cautious when using agencies.
(9:35) - Long-term consulting relationships are valuable.
(16:30) - De-risk future investors by using in-house agencies.