4.9 • 4.4K Ratings
🗓️ 19 August 2023
⏱️ 28 minutes
🧾️ Download transcript
“You can either be right or you can be rich.” In this episode, Alex (@AlexHormozi) discusses the Value Equation, a concept that can help businesses charge heinous amounts of money for their products or services. The episode includes tips on increasing the perceived likelihood of achievement, decreasing time delay, and decreasing effort and sacrifice to create more value for the customer.
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.
Get your own copy of the book at acquisition.com/books
Timestamps:
(0:40) - Value Equation & Free Goodies
(9:59) - Dream Outcome
(13:20) - Perceived Likelihood of Achievement
(14:47) - Time Delay
(18:13) - Effort and Sacrifice
(20:18) - How the Value Equation is Used
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0:00.0 | Welcome back to episode three of $100 million offers, the audio edition and |
0:06.4 | collab with the game podcast. Today's episode is the most famous chapter that I |
0:12.3 | wrote in the book, the value equation. It's probably the most retweeted, the |
0:15.3 | most shared, the most posted concept. This concept changed my life and changed my |
0:20.8 | businesses and I hope it does the same for you. At the very end I have a special |
0:25.0 | call to action that would mean the world to me if you got value from this free |
0:28.1 | content. It takes a second and again it would mean the world. Section three, value, |
0:35.9 | create your offer. How to make offers so good, people feel stupid saying no. |
0:41.2 | Chapter six, value offer, the value equation. We question all of our beliefs except |
0:47.9 | for the ones we really believe in and those we never think to question. Orson Scott |
0:52.4 | Card. I want to be abundantly clear, the goal should be to charge as much money |
0:57.4 | for your products or services as humanly possible. I'm talking heinous amounts of |
1:01.7 | money. That being said, anyone can raise their prices but only a select few can |
1:06.3 | charge these rates and get people to say yes. From this point forward, you must |
1:10.9 | abandon any notion you have about what's fair. Every enormous company in the |
1:14.9 | world charges you money for things that cost them nothing. It costs pennies for |
1:18.6 | the phone company to add an additional user except they don't mind charging you |
1:22.0 | hundreds of dollars per month for access. It costs pennies to manufacture |
1:25.7 | pharmaceutical drugs but they don't mind charging hundreds of dollars per month |
1:28.8 | for it. Media companies charge advertisers a king's ransom for your eyeballs and |
1:33.1 | it costs them next to nothing to get you to like kid and photos on social media. |
1:36.2 | You need to have a big discrepancy between what something costs you and what you |
... |
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