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The Game with Alex Hormozi

Helping a Personal Stylist Scale Past $3M | Ep 829

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 24 January 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Want to scale your business? Click here.

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 and will learn on his path from $100M to $1B in net worth.

Follow Alex Hormozi’s Socials:

LinkedIn  | Instagram | Facebook | YouTube  | Twitter | Acquisition 

Mentioned in this episode:

Get access to the free $100M Scaling Roadmap at www.acquisition.com/roadmap

Transcript

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0:00.0

We want to decrease the friction here for qualified people.

0:03.0

Right.

0:04.0

So there's good friction and bad friction.

0:06.0

So good friction is something that increases the overall quality of lead and gets out people who suck.

0:12.0

Bad friction gets everyone out.

0:14.0

A slow page load time, for example, everyone leaves. Good people and bad people.

0:18.0

We want to get the type of friction that only bad people leave and good people stay. so if we have budget authority need timing we have the specific things relative to the lead magnet

0:25.5

Then your follow-up if you want like hey if you can send me a picture, be great if not I can just go off of your Facebook profile or something like that

0:31.0

Then they show up to the call you have your one of templates that you already figured out ahead of time

0:34.8

That then sets up the sale this is

0:38.9

Ashley she has a personal styling business she does about 300,000 dollars a year

0:42.1

and we're gonna help her scale hi I'm Ashley Capps I'm founder of AC styles

0:48.1

so we are a professional wardrobe and personal styling service that helps

0:53.5

transform our clients confidence and

0:56.0

save them time so revenue we make about 309,000 annually 130,000 in profit that gives us about 42% in

1:05.8

net margins so we've been in business for about four years and And so far, we've served over a thousand clients.

1:12.0

Thousand clients. Yeah. How'd you get a thousand in four years?

1:16.3

So that's over my whole career as a stylist. So the business has been for you've done a thousand

1:21.6

yourself. Awesome. Super cool. So who do you help specifically? Right now, about 50, 50 men and women,

1:27.0

typically in their 40s, all the way to their mid-60s.

1:30.0

These are folks that are stay-at-home moms,

1:32.4

they could be frequent flyers,

...

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