The Game with Alex Hormozi - $100K Per Month, with No Employees | Ep 481

Episode Date: January 5, 2023

It’s about being a smart cookie. Today, Alex (@AlexHormozi) talks about how he was able to build a hundred thousand dollars per month in profit without having any employees and how this simple but p...owerful framework can be used by any kind of business! (Hint: it has something to do with your offer.)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.Timestamps:(1:55) - Business model works for any brick & mortar business(4:05) - 3 Things that will make this business model work for you(9:22) - Meet all your leads again & sell them retail products(10:15) - The 11 things that went wrong for Alex(15:55) - Learn how to make a Grand Slam Offer(19:17) - Tips on how and where to start with the tech sideFollow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

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Starting point is 00:00:00 Being a rainmaker is a skill that can feed you for life. All right, all you got to do, no matter what industry you're in, is learn, one, how to make a Grand Slam offer, two, how to run a basic ad to get people to raise their hand, and three, how to upsell those people into a service. Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning. I'm trying to build a billion dollar thing with Acquisition.com. I always wished Bezos, Musk, and Buffett had documented their journey, so I'm doing it for the rest of us. Please share and enjoy. I built a hundred thousand dollar per month profit business with no employees for less than a thousand dollars when I was 26.
Starting point is 00:00:34 And anyone could start the exact same business with little to no money at all and no employees. All right. So I'm going to explain what I did, how it worked, the good, the bad, the ugly, and what I would have done differently. And how I think you can use the same model for yourself, no matter how old you are or how much money you got. And I did all this stuff using skills that anyone can learn for free. So I'll even give you a step-by-step set up in the last three minutes of what you would need to do to get this running. And if you don't know why I am, my name's Alex Ramosey, the founder of Acquisition.com, portfolio companies that are over $200 million a year.
Starting point is 00:01:02 And I make these because I want you to use the stuff, grow your business to $300 in revenue and allow us to invest in your business and scale beyond that. All right. So that's my self-fusion 10 here. For everybody else, enjoy the stuff, go make money. That's the whole point. All right. So let's dive in.
Starting point is 00:01:15 So when I had my chain of gyms, I got asked to speak at this marketing event. So this is a random thing. And I, like, had never been asked to speak for anything at all ever. And so this was kind of weird to me. I just like doing my own thing. And I didn't do any B2B stuff. I just sold weight loss, right? And so they wanted me to speak about how I was using Facebook ads to get leads for brick and mortar in 2016, all right? So anyways, I wasn't sure, but I decided to accept
Starting point is 00:01:35 anyways. I was like, this is a challenge. I'll go speak. And so I went up and, you know, I gave my, and I gave my spiel. And I just went step by step. This is how I did it, right? And what I want to do is I'll explain to you exactly what I said on that speech. And then we're going to quit in Tarantino, and then I'm going to circle back to why it's going to be important to you. All right. So here's how work. And pay attention here because this is the part that you will copy and run the same model I did if you want to model that business that I had that was making $100,000 a month. All right. And this business model works for any brick and mortar business, not just fitness. Okay. So here's how I work. I would run ads for a six-week weight loss challenge. Now, you could run it
Starting point is 00:02:06 for whatever you want, but I was running for a challenge. I'd run those ads and I'd send them to a landing page. All right. At the landing page, they would opt in with their name, fund, or email, and on the thank you page, they'd have a schedule. So they'd book a time to meet with me at the facility, which is where I would sell them. All right? Now, I would call all. I would call the leads to confirm their appointments who did schedule, and then I'd call the ones who didn't book to get them to schedule a time. Morning up, I'm just giving you a little hack here. I would send a personalized video, be like, hey, Sarah, like, I've got this t-shirt with your name on it, what size and what color do you want? And so then they would respond back to the color or size,
Starting point is 00:02:35 and it massively increased my sharp rates, and I got some goodwill, right? So when they came in, I would sell them the challenge, right, when you'd sell whatever promotion you want, and I would sell for $500. Side note, and I'll get to this more later, but I want you to sell really expensive stuff. So if I would do it again, I'd sell more expensive stuff, but I was selling 500 or $600. And so the idea was, and this was my big offer, so you need to come up with something sexy, is that I lost 20 pounds in six weeks, they'd give the money back, right? And I offered a satisfaction guarantee so that even if they didn't lose the weight, if they wanted their money back at any point in the six weeks, I didn't give service. That was amazing. I'd give it back
Starting point is 00:03:06 to them. All right? So it was a no risk grant slam offer. And as you could imagine, it wasn't that hard to sell, right? Which is a key point here. You'll notice both offers that we will make, one of the business owner and one of the prospects is not hard to sell. All right? So here's how the math worked out. So I'd pay about 10 bucks a lead and I would sell one out of five into the $600 challenge. So if you're doing your math here, that's 12 to 1. So if I put five grand into marketing, I get about $60,000 out. And the nicer part was that I got that money up front so I could put it back in ads. And this is why the no money down thing is important. So I didn't even need $5,000 or $10,000 to start this. As soon as I made my first few sales, that became my marketing
Starting point is 00:03:41 budget for the entire month, right? And just a side note, I know Jim launch gyms still get these numbers today. So it's not like this stuff changes that often. People just, I mean, people still need to lose weight today as much as they did a few years ago, right? Like, and challenges haven't really gone away. And so the nice thing is that once you crack one of these for brick and mortar business, you can run this $100,000 a month profit, zero cost to start, zero employees business model on your own for life if you wanted to, all right? And the way that I stumbled on to this was that I started launching my gyms and realizing quickly that I actually made more money launching the dims than running the gyms, right? And the reason for that was that once everyone
Starting point is 00:04:15 converted from my front-end program to my back-end program, the average revenue per week per client went from $100 a week to $50 a week, right? So they would pay $600 for six weeks versus, you know, $200 a month, which would be about $50 a week on the back end. And so I made at full capacity, I'd make half as much money. So I actually made more money launching and filling the gym than I did after it was at full capacity. And so that was one of the big aha moments I had, which is what is how I accidentally stumbled into this business model. So let's Quinn and Taratino back to when I stepped off that state, right? So as soon as I showed my whole model, I was like, this is the ads, these are landing pages, this is the thank you thing, blah, blah, blah. I got bum rushed by all
Starting point is 00:04:50 these folks asking me to help them do what I was doing, right? And they're like, can you do this for my business? Can you do this for dry cleaning? Can you this for whatever? Right. And I had a bunch of gym owners too, obviously. And I didn't sell to gyms. So like, I was like, sorry, out of luck. Like, I just do this for myself and I hope you enjoy the presentation. But, you know, being the budding entrepreneur that I was at the time, I figured maybe I could make some money doing this, Maybe I could launch their gyms like I did my own and work out some sort of deal to get a percentage of the revenue that I was bringing in, right? Make sense. So here's the offer that I made some of the guys who rushed me off state. Now, I got all their business cards, then I would call them up the next week because I didn't even know what I was doing. And so this is the offer I came up with.
Starting point is 00:05:24 I said, I'll fly out to your gym, I'll spend my own money, I'll market your gym for you, I'll work the leads, I'll schedule them, and I'll sell them. And I'll even do nutrition orientations, which, by the way, is where I would sell another $100 to $150 a head in supplements. And if you're doing the math, that would also cover my cost to our customers on its own. And all they had to do was just fulfill the six weeks of service, right? And then they got to keep whoever they converted into a membership. So it was a no risk offer for them.
Starting point is 00:05:47 Remember, like I spent all my time in my money, they didn't have to do anything, and I got to eat what I killed. That was the deal. All right. So here's the important part. If you are a single guy or gal, or heck, I mean, if you're married, it doesn't matter. If you know these three things, you can make this business model work for you. All right?
Starting point is 00:06:02 So number one is you have to have a very compelling offer for brick and mortar business that gets late. So for me, it was the challenge. It could be any number of things, right? All you have to do is give something very valuable for less. Right? It would be a free thing or a discounted thing. And then if you're giving a heavily discounted thing, you have just to learn how to upsell something. If it's not that, then you can just sell the core offer.
Starting point is 00:06:18 Either way, a very compelling offer up front. Number two is you've got to learn how to run ads. Not that complicated. Nowadays you can run lead ads. You can watch them on YouTube. It's not that complex to do. And then number three, you learn how to sell. If you can do those three things, you've got an offer, you can run ads and you can
Starting point is 00:06:31 sell the leads? You can make this business model work in any local market. Now, so here's how you get the business owners to agree. So you go into the groups and you ask folks in the groups and say, hey, can I bring you customers for free? No risk. Here's how I'll do it. I'll fly out.
Starting point is 00:06:46 I'll spend my own money, et cetera, et cetera. And then here's the key part. You then ask them what's the absolute cheapest that they would fulfill customers for during this thing that you're selling. So whether it's chiropractic things, whether it's dentist things, you'd say, hey, if I were bringing you 100 of these, what kind of discount could I get here? Right. And this works especially well with services that have low marginal cost, which means that adding an additional customer doesn't cost the business that much. And remember, the big contingency for them is that, and you can negotiate hard here, is that they're going to get the customers for the lifetime, right? And it costs them nothing.
Starting point is 00:07:16 So it's like, hey, even if you broke even on the thing, you get customers for life and you can make you money after that, right? Like, I'm the one who's, I'm the one who's firing all the risk and doing all the labor here. So ideally, you can set it up like I had it where they agree to do it for close to free for X period of time. Because all the customers cost them is nothing, right? And so once you do that, because like for me, it was, they didn't get anything that I collected for the first six weeks. Then after that, they could keep whatever they wanted. But that was the deal that I had set up. So once you do that, you can run the ads and you sell the people, all right?
Starting point is 00:07:43 So for example, so I'm going to talk about a different industry. So if I would do this with chiropractors, I might set up a $20 console, which is normally $200, and there'd be an assessment, whatever, that I would market. And then I would get the doc to do the x-ray, and then the person would meet with me again, and I would sell them a treatment plan for like $2,500 for six months. And if you can sell longer for more, by all means, do so. The deal that you make with the dock would be something like negotiating with him to see what he would fulfill that for.
Starting point is 00:08:07 So if you can get him down to say like $500, and you'd be surprised here, you'd make the spread minus the cost to acquire, right? So if you charge $2,500 and it costs you five, there's $2,000 left, then whatever it costs you to acquire is what the cost is what the cost is and everything else is yours. More money good. So you'd run the ads, call the leads, sell them the $20 consult, this makes sure they show up, just FYI. And when they come in, the docs team would do the X-ray, you do the follow-out meetings
Starting point is 00:08:28 and then recommend the session package, right? Cool. So let's talk money math. So if you sold 48 of these a month, all right, that's two a day for 24 working days. So 24 working days in a month, sell two a day, it's 48. all right and you sold them at 2,500 bucks a pop with a $500 cost to fulfill. Remember, we pay the dock 500 bucks, $500 we get. And so let's say it also costs you $50 a lead, all right? With one out of five, one out of five buying, so 20%. That means your cost to acquire is $250, right? Five times 50s,
Starting point is 00:08:56 $250, all right? And if you ran this play for a month and spent $400 a day in ads, that's $12,000 total, remember, you make money quickly so you can reinvest it in ads, you'd make $120,000 in gross revenue. Mind you, that's not profit, that's revenue. All right, so we still got to take out your 12K in marketing and your 24K that you have to pay the dock, but now you've got $84,000 left over as a single person that has no employees, that's all profit. So you can stop there, and you can make a million dollars a year
Starting point is 00:09:21 in personal income. Not bad for no money down to start, no degree, no employees, right? But if you're a smart cookie, you can do better. So this is what you do. You also meet with all those leads again and then sell them retail products. So think like cream, supplements, oils, orthotics, et cetera, right? which you could pre-negotiate that you keep all your product sales, which is what I would do.
Starting point is 00:09:40 And so then you make another 500 bucks ahead in profit with those product sales. So that puts another $24,000 back in your pocket, and that now covers the dock. So now you're back to $108,000, minus your cost of living, which when I was doing this, it cost about $3,000 a month, an extended stay, because I would stay at a motel, food, gas, et cetera. So $10,000,000. Boom. $100,000 plus in profit, no employees, $1,000 to start. But before you run off and do this, I told you at the beginning that I would tell you good and the bad, but I still haven't told you the ugly.
Starting point is 00:10:09 All right, so here's what I would do different if I could do this again. Now, I ran this model for a while. Here are 11 things that went wrong for me that I would have changed, all right? Number one, I massively overwhelm the facilities. I would have spent far more time really planning out how they would fulfill another XX patients or clients or customers, et cetera. I would have really been like, okay, well, if we get you 100 customers, like what times are you going to put them in? like how can you fill the slot? I go to spend more time doing that with them. Number two, I partnered with struggling facilities. And so this was a double-edged store. They're really easy to sell,
Starting point is 00:10:41 but at the same time, they had a bad reputation for a reason. They weren't that good of fulfilling. And so if I would do this again, I probably would have tried to find good people, not just anyone who would just let me sell in front of the door. I was young. I was an experience. I've been mistakes. That was one of them. Number three, in retrospect, I would have explained all the costs I would incur up front, hotels, airfare, food, rental, ad spend, et cetera. So they wouldn't think I was just like taking all this money. their facility. I'd be like, I got cost too, right? So I'd explain that so they understand like, I have to make money to do this, right, and make it worth my time. Moza Nation, real quick, if you are a business owner that has a big old business and wants to get to a much bigger business,
Starting point is 00:11:20 going to $50, $100 million plus, we would love to talk to you. And if you like that, we would like to hear more about it. Go to acquisition.com. You can play anywhere on the page and talk to one of our team and see if we can help you get there. Number four, I'd also explain how much I plan to make revenue and profit from the facility. So they wouldn't be shocked when I crushed it, as they all were, right? So half of them tried to get me to stop selling, and I would refuse because I needed to sell a certain amount to hit my target. And that's why it's so important to explain the cost of friends.
Starting point is 00:11:50 Like, hey, this is how much it cost me just to break even. So I got to sell 40 people just to, like, cover my nut, whatever it is, right? And then I got to sell another 40 if I just want to hit a 50% margin. So I want to do more than that. So you really got to prepare for this, right? So it's like, it's setting expectations that I was young, and I was like, so of scaring somebody off that I just didn't want to set good expectations. All right. And mind you, I said it and none of them believe me and I knew they didn't. So I was like,
Starting point is 00:12:12 whatever, I'll just prove them wrong. Ultimately, ended up hurting me. All right. So all in all, I would have been more transparent up front, made sure they really understood how this is going to happen, like the mechanics behind it. Five, I have an agreement, which I don't have to spell this stuff out. All right? So this would further clarify expectations. This is important. This is the contract, right? So this would clarify the expectations and hold them accountable for their own behavior. these are the word spelled out in front of you. These are the terms. You're accounted for this. I'm accounted for this. Right? If I had done that, I didn't even have contracts. I was a kid. I didn't know. Have contracts. Next, I would have filmed as much as humanly possible. This is probably my
Starting point is 00:12:48 biggest regret through this entire thing. I filmed literally nothing. And I would have had 30 plus gyms and thousands of sales calls and in person documented for training. I have none. Like, think how about sick this to me if I had, if I was like, here's a thousand fucking sales recordings. Like, that would have been awesome. And you could have that. So if you do this model, please, for the love of God, do that, because you'll have the extra margin and it's worth having someone be with you. It's that you're going to probably need that for the ads anyways if you wanted to do it instead of your iPhone. I didn't know my iPhone. But the point is, is that I would have filmed stuff. I would have documented this because like this is going to be part of the story that
Starting point is 00:13:18 you tell one day. And that's what I would have done. And as a side note, me just showing all the contracts that I was selling, imagine how easy would be to market and sell this. Organic, I'd be like, another month, another 100, 200 sales. Like, it would have been so easy to market this. And I just didn't. I didn't think about content them. It just wasn't a thing for me. And honestly, I think I would have been booked year-round, like, no matter what, I wouldn't even had to run an ad or do a reach-out. I would have been booked inbound. And at that point, this is the cool thing, is that if I had done that, I would have had more negotiating power. So I could either negotiate a piece of the back end, like what the continuity was going to be, like if they converted, or they could have paid me
Starting point is 00:13:52 like an upfront cost to go out, or they cover my marketing for me, not me. Like, there's other things that I could have been able to leverage if I had had more brand, more content, and I didn't have that. So if I could do it again, I would have done that. It would have made even better deal for me. Next is I'd include a clause in my contract that I'd have them signed separately for added transparency and accountability that if any customers said they were encouraged to refund, so they told a customer, you should refund or you should sign up again through me, right?
Starting point is 00:14:19 So like if I sold somebody at a chiropractor's office for $2,500 and then I find out that the customer refunds and says they signed back up through the dock at half price, that they would owe me twice what the person paid. I would have done that. And big picture for me, that was actually the thing that drove this business into the ground for me, was that I had a couple of bad actors, which is why I said earlier, I would have done deals with better people, less shady, who just basically said, one guy was like, there's too many people here, just refund. Because it wasn't his money, right? He didn't care. And so that hurt me a lot. I also got slammed on a bunch of reviews because I was one who would sell someone into a location, and then the location would suck.
Starting point is 00:14:58 And so it was my reputation. I mean, theirs too, but my reputation, because I was the one who was like, this is going to work, right? And I definitely had rose-colored glasses on in the beginning, being like, oh, no, it's good. They're just scrappy, you know. But I think ultimately people were not as well-served. I should have picked partners that I really wanted to sell their product. And I just picked partners who would let me sell their product. And I was better at selling it than they were.
Starting point is 00:15:19 And so, I mean, you know, you learn a lot. It's been a decade. You know, it's been a while. So, look, like, the biggest problem is that when I had this, like, at a few bed, gyms that ruined it. Some acted really sketchy, other sold clients to refund and sign back up. And unfortunately, since I was the one who saw them, I was the one left holding the bag. And I was the one associated with the decision, which sucks. I made mistakes. I definitely put this with my rose-colored glasses on when I was selling these gym packages. I just pretended I
Starting point is 00:15:42 couldn't see all the crappy stuff that was going on. But I was desperate and I wanted to make money. You know, and that's something that I own. I would have done it. I would have done it differently now, which is why I make this stuff. So my goal is, motivation. You guys don't have to repeat my mistakes. So I think a lot of my pain could have been avoided with three things, clear expectations, clear agreements, and better picking your partners. But all in all, being a rainmaker is a skill that can feed you for life. All right, all you got to do, no matter what industry you're in, is learn one, how to make a Grand Slam offer, two, how to run a basic ad to get people to raise their hand, and three, how to upsell those people into a service. All right, the key points
Starting point is 00:16:17 of leverage are that you're not getting commission. That's why this is such a profitable opportunity. You're getting everything minus what you negotiate because you are the one taking the risk of capital in time. That's the key point here. You're not a salesman here. You're a rainmaker. It's a very different skill set. And so if you have a high return on advertising, this is a license to print money. This is what I did. Every time I needed money when I was broke, I would go do this. I'd go find a facility. I'd sell in front of it and I'd go print myself money. All right. It was like this was like my get out of jail free card that like is worn down from the amount of times I used it. It gave me second, third, fourth, fifth chances. And like, when you know how to get leads and you know how to sell,
Starting point is 00:16:54 you have unlimited chances to get it right. All right, like, this is a skill worth having. The only limit on this business model is the actual capacity of the facility. So if I'm picking better partners, I pick the ones that could handle more patients, more customers that I could sell for for a longer period of time, et cetera, et cetera. Like, that's what I would do if I could do this all over again. And if it's only you, you could only have three or four facilities that you're doing this for. And you just do one a month and then you go back to the beginning. Like you wouldn't even have to have zillions like I did. You could just go like, there's three months in a quarter, and I'd have facility one, two, and three, and then I'd go back to facility one and do my rainmaking thing. And they could
Starting point is 00:17:26 all be in the same area. It doesn't matter, right? But most of times, you'd probably just sell, the issue I had is I'd sell them to such capacity that, like, they'd be full. And then I had to go find another one to fill up. And that's why this model, you know, was what it was for me. But there's probably a balance between those two extremes. So bonus number 10. I would have run maybe $250 in ads in every market before I decided to take them on. So some markets perform better than others. And so I could have spent like a grand to test four markets, like 250, 250, 250, 250, 250 to figure out which ones were going to get me the most leads for the cheapest price.
Starting point is 00:17:59 And so imagine I've got a bunch of different gyms or chiropractors or dental offices or real estate agent. It doesn't matter, right, that I'm selling for, cleaning services that I'm selling for. And I could have been like, okay, well, if I spend 250 in all these markets and this market gets me, you know, one third the price leads, then I can just ignore these ones and focus my time on the opportunity. me, right? So then I would have only worked with the facilities in the absolute best markets, right? So it would give me more leverage, aka more money per unit of time and effort that I spent. And then finally, I would try and find the most expensive stuff to sell, right? So think thousands, not hundreds here. So like, I could have made a lot more than $100,000 a month if I should have
Starting point is 00:18:36 the balls to charge more and find a more valuable service or product. And you can do this in any industry, right? You can do it in insurance. You can do it in pest control. You can do it in solar. I gave you Jim, Chiro, Dentist, et cetera. Like, if people have expensive stuff, you can get leads and you can sell them locally. All right. So if you want to sell stuff in the thousands, market a cheap or free thing that's zero to $99. Sell that thing as a lead magnet and then upsell them into a multi-thousand-dollar thing. This gets you better lead quality in general, able to dramatically cut no-shows and reschedules for appointments because if you bill them, you know, 20 bucks, 50 bucks, like people are much more likely to come in, right? That's what I would
Starting point is 00:19:14 do. Okay. Now, I promised that at the end, I would give you the text it up in the last three minutes. So here it goes as fast I can. All right. So this is crazy simple. So if you're not a tech person, like I am not a tech person, I was able to figure this out. So you can do this. All right. So just as a reminder, it takes 20 hours to learn most things, but most people spend years delaying the first hour. So don't be that person. All right. So like I said, I'm not tech savvy and I've got you covered. So you can figure out how to do all of the tech that I'm about to explain in less than 60 minutes. So like put a timer on, 60 minutes from right now this moment, you can know all the tech that you need to know. All right. So here's what you got to do.
Starting point is 00:19:48 First, Google, how to run a Facebook lead ad. This is how you're going to get leads. Give something away for free, the crazy guarantee, and you'll get leads. Your skill will be upselling them into something more expensive. That's number one. Facebook, lead ad, you just Google how to run one. Number two, Google. Zapier Facebook lead ad to Google sheets.
Starting point is 00:20:11 This will give you a makeshift CRM. This will just give you a big old list of leads. So now the ad, which you know how to run, then zaps over the leads. lead to a Google sheet. That's step two. Third, you Google Zapier SMS notification set up with Facebook lead ads. So third, Google Zapier SMS notification set up so that when you get notified so that you can get notified whenever you get a new lead. It's the quick and dirty way anyone can set this up for your business. So I'm going to recap this real quick. You're going to Google how to run a Facebook lead ad and you're going to give some amazing free thing away. That's what's going to get
Starting point is 00:20:46 you leads. To make sure you actually capture the leads, you're going to go Facebook lead ad to Google sheet. No, you don't even have to build a web page. All right. So like, we're making this crazy easy here. Like no landing page or nothing. You literally have to learn how to run the ad. And then you put a Zapier over to a Google sheet. And then you get a Zapier SMS notifications that every time you get a lead, you get notified so you can call them and text them. That's it. That's the tech setup to make this work. Isn't this amazing? Right. Now, this is how you become a rainmaker. And I get asked all the time on podcasts, et cetera, like if you lost it all, what would you do? I've lost it all twice. I know exactly what I would do because I've already done it.
Starting point is 00:21:18 This is what I did. And this is what I fell back on when I lost everything. And to this day, it's a skill that I have and you can have it too. All right. And if you're wondering, how do I figure out what offer to sell and what service, right? Go to a business that's local that sells expensive stuff, offer to sit at the front desk and try out a few different offers until you get the one that works. Once you keep configuring the price to get 10 to one or more, you can then copy or pasted in any market. Mind you, you might be able to do this and not have as favorable to set up with the first location. So you learn, right? You can learn before you earn. So learn, get all the kinks out on someone else's money. You can make significantly less and just say, like, I'll give you all the
Starting point is 00:21:52 money. If you can spend it, I'll work everything for free just to learn. Once you get the model, right, and you figure out a way to get 10 to 1, 21, sometimes 30 to 1, then you scale and you copy, paste it in other markets, right? And then you can make a much stronger deal for yourself. And as an aside, it's way easier to actually get 10 to 1, 21, 31, 31 returns in local advertising compared to online because you have implicit trust. Like, if it's whatever your micro, local market is, you automatically trust it. You don't need to watch some long, complex video sales letter. If it's like, you know, Towson chiropractor, like he's around the corner, right? You trust them. And so you're able to sell high-ticket packages with significantly less automation
Starting point is 00:22:28 and selling before that just because people are like, I can touch and feel this place. Like, there's the location. They're not going to go anywhere. And to be amazed, it still matters. Most commerce still is not done online. As much as YouTube will make you think that everybody's online, still, the vast majority of commerce is done in person. Okay. And so, So people trust people who are local to them. And so if you sell in person, it's even easier. And if you learn to settle over the phone, as a side note, you'll actually make more money because it's more efficient to sell over the phone,
Starting point is 00:22:53 like in terms of sales per hour. So it's a higher level skill. It's harder to sell over the phone. But if you do, then you can actually sell for all these different markets from home, as a side note. But I recommend if you're starting out and you've never sold before, start in person, do the first one for some sort of negotiated that's basically you're getting nothing and then risking more. And then once you get the model down, then you can copy and paste it, negotiate with
Starting point is 00:23:14 more leverage and you make more money. As an aside again with the phone thing, like the reason it's you make more money is that you spend more time selling and less time waiting for appointment. So like you don't get no show at the phone because you can just keep calling other leads and selling them, whereas in person you much just have to sit there for 30 minutes. And it happens a lot. Just be real. And so you may actually close a lower percentage of people you speak to, but you'll talk to twice as many prospects because you don't have to, they don't have to get in their car, you know, get the appointment, show up. It's like you take that whole step out. And so it's basically like when you would normally be the person confirming the appointment,
Starting point is 00:23:43 you actually just sell them right there. That's the 201 version of this, right? Like 101 is really one-on-one is go to a local place and do it for basically free and have them front some of the risks so that you can learn the model. 201 version of this is that you now fly around or you go to the local places
Starting point is 00:23:58 and you negotiate your split so you get the majority of the upfront because you're risking the capital in the time. 301 is that you learn how to sell this over the phone so that you can be central and then you can sell it in any of these locations, right? All of these require no employees, basically no money to start,
Starting point is 00:24:12 and you can make hundreds of thousands of dollar month in profit. I hope you guys see the opportunity the same way I did because this is literally, people are like, how would you make, this is what I would do. This is how I did it. It's not like a hypothetical for me. Like I've lost everything I've had multiple times and every time this is what I did to make money again.
Starting point is 00:24:27 Like how do I print money with no risk? This is how I did it. And so my goal, again, for everybody watching this is that I hope that you use this stuff, make all the money, you know, pass three million, get into the 10, 20, 50, et cetera, and then allow us to invest in your business. we can help you scale beyond that. Otherwise, Mosey Nation, love you.
Starting point is 00:24:45 See you guys next bit. Bye.

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