Episode
Alex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
1:09:56
Published: Fri Jul 22 2022
Description
Alex Hormozi is a first generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick & mortar business, successfully scaling his business to six locations in three years. From there, he spent two years turning 32+ brick & mortar businesses around using the same model that made his privately owned locations successful. In total, He has scaled and exited 7 companies. His most notable exit was his majority sale of his licensing company for $46.2M in 2021. Concurrently in 2020, he transitioned from CEO to the owner/shareholder position in these companies and founded Acquisition.com as a way to invest his own wealth (both monetary and intellectual capital) into other businesses.Buy his book: $100M Offers: How To Make Offers So Good People Feel Stupid Saying NoIn this episode, you will learn:The single most significant differentiator of rich and poorHow to sell someone who has no reason to sign up and enroll them in your purpose The importance of respect in a healthy marriageThe main mistake most people make with salesFor more, go to: lewishowes.com/1296Alex's previous episode:https://link.chtbl.com/1278-podThe Biggest Lies You've Been Told About Money, Debt & Building Wealth w/ Jaspreet Singh (Minority Mindset): https://link.chtbl.com/1257-podScooter Braun On Healing Past Trauma, Building A Business Empire & Finding Peace: https://link.chtbl.com/1244-pod
Chapters
The key to how wealthy people come up with ideas is that they master their time horizon, which is the perspective from which they see what they want to achieve.
00:00 - 02:17 (02:17)
Summary
The key to how wealthy people come up with ideas is that they master their time horizon, which is the perspective from which they see what they want to achieve. By mastering their time, they also master their money, as money becomes a condensed unit of time.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
The key to creating wealth is having a deep understanding of delayed gratification and long-term thinking.
02:17 - 10:31 (08:13)
Summary
The key to creating wealth is having a deep understanding of delayed gratification and long-term thinking. Choosing a business approach that focuses on the future rather than instant gratification can lead to success and financial stability.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
In relationships, liking someone is as important as loving them, as the willingness to do things for them and enjoy spending time with them is a key factor.
10:31 - 28:12 (17:40)
Summary
In relationships, liking someone is as important as loving them, as the willingness to do things for them and enjoy spending time with them is a key factor. The best way to stay married is to focus on finding common interests and doing things together.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
The podcast discusses the importance of defining terms, remembering to enjoy life's simple pleasures, the significance of long-lasting relationships, and asking the right questions when trying to solve a problem.
28:12 - 35:09 (06:56)
Summary
The podcast discusses the importance of defining terms, remembering to enjoy life's simple pleasures, the significance of long-lasting relationships, and asking the right questions when trying to solve a problem.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
Learn how to overcome common sales obstacles such as needing time to think, talking to a spouse, and concerns about money by using short and memorable anecdotes in your sales pitch.
35:09 - 43:47 (08:38)
Summary
Learn how to overcome common sales obstacles such as needing time to think, talking to a spouse, and concerns about money by using short and memorable anecdotes in your sales pitch.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
The very reasons people give for not doing something are often the very reasons they should, whether it's lack of time, money, or control.
43:47 - 55:27 (11:40)
Summary
The very reasons people give for not doing something are often the very reasons they should, whether it's lack of time, money, or control. Don't ask for permission, ask for support and use the reason close to overcome excuses.
EpisodeAlex Hormozi on Mastering Sales, Making Your First Million & Overcoming Mediocrity EP 1296
PodcastThe School of Greatness
In this podcast, the speaker acknowledges the value added by those who teach specific niche skills, and how they can transition from a personality brand to an institutional brand.
55:27 - 1:09:06 (13:39)
Summary
In this podcast, the speaker acknowledges the value added by those who teach specific niche skills, and how they can transition from a personality brand to an institutional brand. The goal is to help others achieve success with their e-learning businesses, potentially through a fund or a conglomeration model.