Episode
From Sleeping on Gym Floors to $100M with Alex Hormozi
1:17:16
Published: Thu Feb 10 2022
Description
Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Alex Hormozi (@AlexHormozi) to discuss his journey from sleeping on gym floors to making millions, sales techniques that can earn you $100k per month, how he got so ripped, and more. ----- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- Show Notes: (00:25) - Explaining Alex's business (09:55) - Alex's background and how he got his start (28:55) - Starting a supplement business (33:30) - How to get big commitments up front (47:30) - Alex's 5 AM to 4 PM schedule (54:45) - How Alex got jacked (59:30) - Sales advice ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
The podcast speaker reviews a business automation tool that can help automate tasks, manage contact information and deals, and improve team collaboration that ultimately leads to better customer service and goal attainment.
00:00 - 02:00 (02:00)
Summary
The podcast speaker reviews a business automation tool that can help automate tasks, manage contact information and deals, and improve team collaboration that ultimately leads to better customer service and goal attainment.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses how he and his colleagues offered consultancy services for gyms in order to improve their pricing, sales and layout, at a rate of $6,000 per client.
02:00 - 07:13 (05:13)
Summary
The speaker discusses how he and his colleagues offered consultancy services for gyms in order to improve their pricing, sales and layout, at a rate of $6,000 per client.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
This episode features a discussion on how service businesses can rapidly grow their membership and increase their revenue through effective sales and marketing strategies.
07:13 - 10:59 (03:45)
Summary
This episode features a discussion on how service businesses can rapidly grow their membership and increase their revenue through effective sales and marketing strategies.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker shares their experience of attending a marketing summit and a mastermind, and how it helped them scale their business with the help of knowledgeable individuals and effective marketing strategies.
10:59 - 13:28 (02:28)
Summary
The speaker shares their experience of attending a marketing summit and a mastermind, and how it helped them scale their business with the help of knowledgeable individuals and effective marketing strategies.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses the difficulties of evaluating business plans and funnels, and how the plan's profitability may clash with reality.
13:28 - 16:09 (02:41)
Summary
The speaker discusses the difficulties of evaluating business plans and funnels, and how the plan's profitability may clash with reality.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses weight loss marketing in the past, where 25 cent leads and 4-5% CTRs could be achieved, and the highest markets were five bucks.
16:09 - 18:57 (02:48)
Summary
The speaker discusses weight loss marketing in the past, where 25 cent leads and 4-5% CTRs could be achieved, and the highest markets were five bucks.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker shares their experience with helping niche industries, such as lawyers, improve their revenue by offering high-quality, specialized services and gradually upselling clients on additional products or one-on-one attention.
18:57 - 23:07 (04:10)
Summary
The speaker shares their experience with helping niche industries, such as lawyers, improve their revenue by offering high-quality, specialized services and gradually upselling clients on additional products or one-on-one attention.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses the importance of building rapport and understanding how it works in order to create an irresistible offer.
23:07 - 28:15 (05:07)
Summary
The speaker discusses the importance of building rapport and understanding how it works in order to create an irresistible offer. They note that simply knowing the concept is not enough and that one must confront the reality of the situation to make use of the knowledge effectively.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses how they priced a subscription service, with the majority of consumers willing to pay between $300-$400 a month.
28:15 - 34:00 (05:45)
Summary
The speaker discusses how they priced a subscription service, with the majority of consumers willing to pay between $300-$400 a month.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker discusses the importance of internet marketing for tech startups and how it can lead to success.
34:00 - 37:39 (03:39)
Summary
The speaker discusses the importance of internet marketing for tech startups and how it can lead to success. He also mentions the decrease in licensing fees for a particular platform.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker misses the early days of building companies and feels that those were some of the happiest times of his life.
37:39 - 42:49 (05:09)
Summary
The speaker misses the early days of building companies and feels that those were some of the happiest times of his life. He is now building a new business and enjoys having the option to work on it rather than being forced to work for a company.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
Sean McCabe and Alex Hillman discuss the growth of Alex's client's business, reaching a hundred customers and the recent success of a call with Grant Cardone.
42:49 - 46:47 (03:57)
Summary
Sean McCabe and Alex Hillman discuss the growth of Alex's client's business, reaching a hundred customers and the recent success of a call with Grant Cardone.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
In this episode, the hosts discuss the importance of having a personal mission statement that truly resonates with an individual.
46:47 - 52:25 (05:37)
Summary
In this episode, the hosts discuss the importance of having a personal mission statement that truly resonates with an individual. They also touch on the benefits of being an entrepreneur's friend and creating deal flow through providing valuable content.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker's personal trainer, who is also a mindset coach for them, suggested a seasonal approach to focus on one thing at a time, making decisions less of a commitment, without the fear of judgment by other's definition of balance.
52:25 - 55:35 (03:09)
Summary
The speaker's personal trainer, who is also a mindset coach for them, suggested a seasonal approach to focus on one thing at a time, making decisions less of a commitment, without the fear of judgment by other's definition of balance.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker shares a productivity hack of taking breaks every 45 minutes and admires the interviewer's handlebar mustache and cool appearance.
55:35 - 59:49 (04:14)
Summary
The speaker shares a productivity hack of taking breaks every 45 minutes and admires the interviewer's handlebar mustache and cool appearance.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
In this podcast, the speaker emphasizes the importance of understanding the principles of sales and how it can have a profound impact on businesses.
59:49 - 1:07:30 (07:40)
Summary
In this podcast, the speaker emphasizes the importance of understanding the principles of sales and how it can have a profound impact on businesses. He also sheds light on how people are scared of sales and offers insights into improving sales.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker shares his personal insights and experiences about hustling towards success, and how every sentence is packed with a fact like a really good historical book.
1:07:30 - 1:10:38 (03:08)
Summary
The speaker shares his personal insights and experiences about hustling towards success, and how every sentence is packed with a fact like a really good historical book.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The reaction to someone else's success can sometimes lead to envy, anger or skepticism, but by changing that reaction to seeking inspiration and excitement, it becomes a more positive and productive experience.
1:10:38 - 1:14:00 (03:22)
Summary
The reaction to someone else's success can sometimes lead to envy, anger or skepticism, but by changing that reaction to seeking inspiration and excitement, it becomes a more positive and productive experience. This talk encourages the audience to embrace this mindset and change their approach to success stories.
EpisodeFrom Sleeping on Gym Floors to $100M with Alex Hormozi
PodcastMy First Million
The speaker describes a situation where their video keeps freezing and stopping during recording, which causes frustration and annoyance at the end of the day.
1:14:00 - 1:16:11 (02:11)
Summary
The speaker describes a situation where their video keeps freezing and stopping during recording, which causes frustration and annoyance at the end of the day.