10 min listen
Secrets to making money without a lot of clients | Ep 298
Secrets to making money without a lot of clients | Ep 298
ratings:
Length:
12 minutes
Released:
May 6, 2021
Format:
Podcast episode
Description
What value are you bringing to the table? Today, Alex (@AlexHormozi) talks about the 6 ways to increase Lifetime Value in your products, dives a bit into each way, and shares his personal favorite one at the end (which he thinks is the most powerful of all!)
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
1:04 - Definition of “Lifetime Value”, the 1st way is to increase the price & 2nd way is to decrease the cost
3:42 - The 3rd is to increase purchase frequency & 4th is to upsell
5:06 - The 5th is “cross-selling” & the 6th is “down sales”
9:47 - The most powerful way to increase LTV between the 6 ways
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
1:04 - Definition of “Lifetime Value”, the 1st way is to increase the price & 2nd way is to decrease the cost
3:42 - The 3rd is to increase purchase frequency & 4th is to upsell
5:06 - The 5th is “cross-selling” & the 6th is “down sales”
9:47 - The most powerful way to increase LTV between the 6 ways
Follow Alex Hormozi’s Socials:
https://www.linkedin.com/in/alexanderhormozi (LinkedIn ) | https://www.instagram.com/hormozi/?hl=en (Instagram) | https://www.facebook.com/alex.hormozi (Facebook) | https://www.youtube.com/c/AlexHormozi (YouTube ) | https://twitter.com/AlexHormozi?s=20&t=J9vPh75tO3ow9xExYLsBDQ (Twitter) | https://www.acquisition.com/ (Acquisition )
Released:
May 6, 2021
Format:
Podcast episode
Titles in the series (100)
Marketing Agencies & Gym Owners | Ep 5 by The Game w/ Alex Hormozi