Give More, Ask Less: Building Goodwill and Making Money | Ep 569

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 27 July 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

“You don't actually wait, you just figure out what you do in the meantime.” Today, Alex (@AlexHormozi) the importance of mastering the give-to-ask ratio when making money online. He emphasizes the significance of providing value and building goodwill with the audience before making any asks and shares personal experience and tips on finding the right balance between giving and asking.

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.

Sign-up for the $100M Leads Virtual Launch Party HERE!

Timestamps:

(1:46) - Mastering the give-to-ask ratio and the power of goodwill

(4:14) - Giving in public and selling in private for maximum impact

(6:12) - Integrating asks into long-form content and maintaining the ratio

(10:02) - Controlling supply and demand to maximize profits

(11:48) - Giving and compounding growth for long-term success

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Transcript

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0:00.0	So you want to make money online, but you don't want to feel it key or sleazy to the people
0:03.8	who know and love you when you ask them to give you money.
0:06.0	So there's a good way to do it and there's a bad way to do it.
0:09.3	The good news is I can show you step by step how I got my first 20 clients posting on social
0:14.0	media for my personal training business a decade ago and have continued to use that in
0:18.4	each company going forward.
0:19.9	How you can build brand and goodwill at the same time.
0:23.0	And this is a sneak preview from my upcoming book, $100M of Leeds, which you can check out
0:27.3	at acquisition.com for its last leads.
0:30.5	So there was a friend of mine, a while back, who had a podcast that blew up, like early
0:35.6	days podcasts, like it skyrocketed it.
0:38.2	And very quickly he had millions of downloads and his business started to grow a lot.
0:43.4	And it was almost 100% from people who were listening to his podcast.
0:46.6	And so he realized he made an ask during one of his podcasts, he made a lot of money.
0:50.4	And what happened was he learned the wrong lesson.
0:53.8	He thought, when I make an ask, I make more money.
0:56.4	And so what I'll do is I'll just make more asks.
0:58.8	And so he did make more asks and he then made a little bit more money.
1:02.1	And then he continued to make less and less and less until eventually his listenership
1:06.2	dropped and dropped and dropped.
1:07.8	And so then it got to the point where he didn't even feel like making them anymore, right?
1:12.3	Because it wasn't worth it.
	...

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