The Game with Alex Hormozi - A SUCCESSFUL STRATEGY That Can 10X Your Money! (with Evan Carmichael) - May '22 | Ep 406
Episode Date: July 9, 2022The best people are attracted to the best opportunities. Today, join Alex (@AlexHormozi) as he guests on Evan Carmichael’s YouTube to share about our mindset towards creating content, leveraging opp...ortunities, and most importantly why it’s important to show up as yourself.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.Check out the episode on Evan Carmichael's YouTube Channel! Timestamps:(2:18) - Creating valuable content & giving back to your audience.(7:41) - Expectations of Alex’s dad & the mindset of growing your money 10x(16:22) - Process of finding the best team & the willingness to be unapologetically you(23:16) - Frameworks that Alex lives by, staying on the good side of life, etc.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
Transcript
Discussion (0)
Moes Nation in this interview with Evan Carmichael, who's an amazing YouTube content creator.
You guys can check out. He's a YouTube channel that's got, I think, a few million subscribers on it.
He interviewed me to talk about content. And ironically, he's the guy who's the content king.
But there was just a few things that were unique. And he had done a lot of homework and asked really unique questions about how we think through content, how we think through leverage, how we think through doing more of the stuff that works and what stuff doesn't work that I see a lot of people doing as entrepreneurs who are trying to build their brands, try to build their businesses.
is. And so I think that you'll be able to take a lot of really tactical nuggets away from this
short interview that we did as a live. Enjoy. People will hate you for who you are, more so because
of what it makes them feel about themselves. Just through my own insecurities, I wanted to create
different pillars in my life that would be successful, quote, beyond reproach.
Welcome to the game where we talk about how to get more customers, how to make more per customer,
and how to keep them longer, and the many failures and lessons we have learned along the way. I hope you
enjoy and subscribe.
Alex, Somozy in the house. How you doing, man?
Yeah, I'm in my closet. My, you know, my world's greatest closet.
The YouTube studio.
Yeah, my YouTube studio.
I love a lot of stuff about you, but the first one was, dude, this guy just gets up,
and he's proof that great content wins.
Because you're sitting in the closet, and with, like, total respect.
But it's not about, like, the high-end camera and editing and B-roll.
It's like, here's a guy, sits in his closet,
and just speaks his truth into the camera.
And I think that's what holds a lot of people back, man.
It's like they're too afraid to get going
because they don't have the perfect gear and perfect microphone.
And here's Alex with his no strip and undershirt and his closet
just making videos.
You know, as a side note, a big part,
so there's a handful of key things that made me decide
to start making constant and things like that.
And it was about, I guess now 18 months ago,
because before that I was kind of silent on social media by and large.
And it was actually an interview that you had done with Brad Lee.
where you said there's this huge vacuum on YouTube
with regards to like,
I think you said like hiring level business stuff
from people who were business people,
but not YouTube influencers who were,
who made their money, you know,
doing YouTube stuff,
but made their money elsewhere and could apply those principles.
And I think you had said something to the extent of like,
it doesn't need to be dolled up.
You know, it's just,
it's basically what you're saying.
We're like at the end of the day,
if the content is good enough or valuable enough to the audience,
people, there's a, there's a big audience for it.
That's not being.
served. And so that was actually one of the two or three things that that pushed me over the edge to
start making content. So I want to, I'll thank you for that because that was one of the podcasts
that really maybe take a big step towards deciding to do it. Cool, man. Well, I'm glad that helped.
That's a small world. And listen, a lot of a lot of people then who look like you, who've done,
who've had a lot of success in the business world, then come to make YouTube content,
they're off building seven-figure studios. Like, I've helped a lot of these guys get their channels
launched and they won't do it until it's perfect. And they have a seven figure like home studio
spending six figures just on this one arm to move a camera around, like legit. And then, and they're
too afraid to get started because they've hit success in one field and now they're coming to
something new and they don't want to get started looking bad from scratch. You on the other hand,
not that you look back, but it's like it's, it's you. Like this is Alex is going to show up?
He's going to share his wisdom. And so how did you, did you just never care or how did you get over
the hurdles like you know what i'm just going to make it i mean we're big fans of imperfect action and so
and i think that we're also at least i'm a big student of like you learn through doing not through
preparing to do uh because i think a lot of times you learn as you're doing what things you thought
were important at the onset are significantly less important so it's like you know i think
the thumbnails and the headlines and the first you know 20 seconds matter a lot more than
spending an hour setting up the lighting you know what i mean and so it's just like return on time
and effort and so yeah so i mean if we want to
to learn something new, at least in the companies that we have.
It's like we just start doing.
We pull the thread that we can see.
We just keep pulling and figure it out as we go.
And I think we end up getting to where we're trying to go faster just through giving
ourselves permission to suck.
I love it.
Now, I've helped a lot of people kind of move from direct marketing world into YouTube
land.
And almost immediately, it's, okay, how do I get them on my free ebook and click and,
funnel them and retarget them and sell my coaching and upsell all this?
because it's like that's just part of ingrained mindset of direct marketing.
I know, I was waiting for the shoe to drop with Alex.
Okay, where's Alex's thing and just video after video to video?
It's not there.
Why isn't it there?
Because in your gym business, you did it all yourself.
And then you taught the trainings.
Like, I don't want to do this.
I mean, I'll teach you how to do it.
Why did this not become, I'll teach you how to do this too?
I think my view of business has shifted over time.
And so I think that if you have a longer time horizon and you have capital or you don't need the money from whatever, you know, promotion you're doing, I think that goodwill compounds faster than revenue.
And so I think what you said is a really perfect example of like, I think a lot of people are always waiting for the other shooter drop when people are receiving value.
And so right at that point, whenever they're expecting that shoot a drop and then it doesn't, they do make a purchase, but they make a purchase of goodwill, which is all of a sudden they transition from I really like this guy's stuff.
let's see what he sells me to. I really like this stuff. I'm going to tell other people because he hasn't tried to sell me anything.
And so I think that's where you get like an additional component of virality to stuff. And I think it depends on the mission of the person. You know what I mean? Like this is not how I make my money at all. And so, you know, and a lot of this stems from a rather contrarian worldview that I have, which is just like I don't think any of the things that we do will amount to anything in the long term. And so the things that I enjoy that I do meaningful are helping, you know, other entrepreneurs get started because I know that I was in a very dark place.
place when I started. And if, you know, if the lessons that I had that caused me pain can help someone
else, then they won't have been in vain overall. And so that's, that's kind of the, the catalyst
behind doing all the stuff to begin with. But the reason I don't sell stuff is partially for
goodwill, partially because I don't want to create a business around this. Now, we do, I mean,
obviously we have our portfolio. So, you know, if, if, if somebody has a company that's doing
three million, five million, 10 million, 20 million, you know, 40 million a year, and they want,
want help and they found value in the stuff, then yeah, we'd love to, but we're buying,
not selling. It's a slightly different conversation, but that's, it's a different way of doing
it and an old business model, to be honest, like Warren Buffett and Charlie Munger, you know,
having in the private equity world, too, it's like creating what they call proprietary deal flow
is a very valuable thing. And so I think Nabila Ravicon also said one of the best ways to monetize
a brand is to monetize off like the 0.0001%. Like if you just got shares,
as in Facebook early on, you can do everything else you want in life for free and help everybody
rather than trying to sell something to everyone. And there's just different strategies overall.
It's just for me. I also prefer and feel like I can provide the most value to a business that's
very big and growing. And to everyone else, it's like I can help more people without introducing
operational complexity or a loss of goodwill by just providing this stuff for free.
So you go from in your late teens and early 20s, going to live in your dad's life, going to school,
being a management consultant, the whole kind of Iranian.
work ethic, become a doctor, all that stuff.
And then at 22, you decide, no, peace out.
I'm not doing this.
And your dad feels you're making this giant mistake.
But then what I loved about that story is that he comes back and gives you his only ever apology to you for saying it was a mistake.
What did you, what did you have to do to then ultimately make him proud that he apologized to you?
well i mean there's probably there's probably layers to this you know i mean everyone's
relationship with their parents are different but for me at least my my dad he he was very much a
material success guy um like every time he introduced somebody like before he got in the car after he
got in the car he'd go this is so and said this is how much money he makes right and so it was very
clear whether he said it consciously or unconsciously like that money was what to him is what was
most respectable about someone um he would probably not like me saying that but not through his words
but through his actions, it became clear to me that that is what he valued. And so for me to gain
the affirmation or the approval of my father, I had to make money. But he also has his,
you know, his own ego and his own pride and whatnot. And so it couldn't be like I just have to
match the amount of money that he makes. It's like I had to make more money than they never made in
his entire life for that to really solidify. And we're both pretty, um, domineering personalities.
And so we had to, there was like a five-year period where we didn't talk too much. Um,
and I think there had to be a power shift that had to occur.
And it only really occurred when the evidence was overwhelming.
And so like when I started making money, I mean, I think the first year that we made like $10 million, he was like, well, we'll see how long it lasts.
Like it wasn't, you don't know what I mean?
So like it wasn't just like you have to make more money.
It had to be so insurmountable the evidence that it was undeniable.
And so I think that that's also been a theme that I applied to a lot of.
the facets of my life is that just through my own insecurities, I wanted to create different
pillars in my life that would be successful, quote, beyond reproach. So that no one can say, like,
well, Alex is in good shape. It's like, no, he's in such crazy shape that no one can say that he's
overweight, right? Or, you know, he's not just like doing okay, but he's making so much money
that no one can say that he's not successful. I think honestly, that's just because of my own
insecurities. I don't think that's a testament to anything besides that. I may still harbor those.
and I just have evidence that that allows me to function better,
you know, and live in a more normal lifestyle
rather than continually suffer from those
just because that evidence acts as a crutch
against the insecurities that I have.
So hopefully that makes some sense.
I love it.
So I've got a fun exercise that I wanted to,
as soon as I found that you're coming on,
I'm like, okay, here's what I want to ask Alex.
Talking about growth.
And most people watching, in my honesty,
you're honest, they're probably in the early stage,
still into like I'm even just trying to get,
I'm getting started to get started.
But you've also focused on a lot of the high-end strategies as well
as what you can do to actually grow.
So I'm wondering from your first 10,000 to then, like,
and not just you, like maybe prescriptive advice now.
And then let's add a zero each time.
So 10,000 to 100,000, a million.
Like, what's the mindset shift that I have to go by adding a zero to my revenue
every step of a little way so I don't get stuck?
It's a really good question.
So when you're adding zeros, you're adding an order of magnitude, right?
it's a multiple of 10 that's happening with each of those scenarios.
And the only way you can really add an order of magnitude is not by doing 10 times more work,
but by adding leverage.
And so we have to have leverage to the things that we do.
And so in the beginning,
you transition from being employed to being self-employed, right?
And so that's like kind of the first transition.
And then your limit is going to be your time and how much you can bill per hour, right?
From there, your next level is going to be building the core team,
which is usually five or so people,
which will be representative of departmental functions within a company.
You'll have some element of promotion, some element of selling, some element of customer service, some element of finance and things like, and then you are kind of managing in that.
You're not really leading yet.
You're really just managing the people below you.
And in that time, typically, you are better at the job at each of those roles than the people beneath you because you cannot afford people who will be better than you at those roles.
From there, adding another level of leverage, you then add another layer of management that goes and then you really transition into being a leader because you can't.
like each of those people now have five people underneath of them, right? Now you're,
now you're at, you know, 25 or 30 people. And most of the, most of these stagnation points do
happen around triplings. And that's usually because another whole layer of infrastructure
needs to get built within a company. And so that's where people don't know what has to happen.
And so that's when you go, you know, and once you're leader, you have to go into like kind of step
into the visionary role and you're really hiring people who come with batteries included solutions
already having proven inside of them, not, I have to go find some person, teach them how to manage
a sales team, teach them how to recruit, like, no, no, like, you're finding somebody who's already
built a 30 person sales team to help you build, take your, take your five person to a 30 person sales team,
right? It's like, you want to find somebody who's already run the Olympic goal and then have
them run it with you rather than like, oh, I'm a running coach. I've never run goal, but I'll try
and do it with you. And the thing is, is that when you're earlier on, the reason it's difficult
is because you can't afford some of those people yet. And so that's why early on, you have to
spend a disproportionate amount of time learning the skills, right, rather than hiring people who
already have those skills. So in the beginning, you're learning and your ability to learn is the
bottleneck. And later, it's your ability to recruit people who have learned. And so it's just
like in business where you can buy or you can build, like in terms of growing through mergers
and acquisitions. So this is really going from top down. At a medium level, you can buy or build
talent. You can buy talent by paying premium dollar for the best people or you can build it. And
both of those are strategies. You can build a system for, for, for
design for designing and training salespeople. That was something that we were really good at.
And so we could take people for less than top dollar and then make them into top dollar salespeople,
right? Now, the risk that you have there is that some people then start recruiting your salespeople,
because you did the building for that. But it just depends on the strategy of the business in
overall. And so in terms of going from 10K to 100K to a month, to a million a month, to 10 million a month,
each of those represent orders of magnitude on leverage that you can employ within the business.
And I'll just finish with one little thing.
I know just ran it a little bit.
The leverage, and this is from Naval Rob,
crowd, this isn't me, but I remember the four Cs.
He doesn't say four Cs.
I remember four Cs because otherwise I can't remember it.
But it's like you've got you've got code, you've got content,
you've got collaboration, you've got capital, right?
And so collaboration is the base of that pyramid,
just getting other people to do stuff for you.
So you get time back by having other people give you their time
and you pay them for it, right?
The level above that is capital.
You use other people's money to fuel growth, right?
And if you know how to structure your business properly,
you can also use your customer's money to fuel growth,
if you monetize well in that you can if you can set up your your marketing and your sales system such
that you can make more money than it costs to acquire a customer and the next customer within the
first 30 days you have a negative acquisition cost which means you can use that money to then go
get more customers you basically have a limitless acquisition cycle now you'll still have bottlenecks
but there'll be infrastructure bottlenecks on the back end so there's always a bottleneck but it no longer
becomes acquisition so you have collaboration then you have capital and then the top two are
are content and code.
So you have software, which has zero cost of replication,
which gives you limitless leverage.
And at the same degree, like what you've done with media, right, content,
it doesn't cost more money for more people to see this.
Like if you and I were on here with just one person or you and I are on here with a million
people, it costs the same amount for us to do it.
But we have leverage.
And so most businesses,
and this is like a funnel of them for anybody who's looking,
when you look at the biggest businesses that have been around the longest,
they typically will have all four of those aspects of leverage built within the business.
Like you look at Facebook, they have, they have lots of people,
they have capital from the outside.
they sell media based on code.
And so as you're looking to scale the company,
it's like how many boxes of these leverage can I check?
And I would even look at my own life.
And I'd say right now we have three of the four.
Like I don't have a big software component within my business,
but we do have media.
We do have collaboration and we do have capital.
And so I think that for us,
and I made a presentation about this,
like I think for us going from 10 million a month to maybe 100 billion a month,
I'll probably have to figure out some sort of code thing.
But at current, we're able to still do 10 million a month with,
the stuff that we're doing. Mozy Nation, real quick, if you are a business owner that has a big old
business and wants to get to a much bigger business, 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 apply anywhere on the page and talk to one of our team and see if we can help you get there.
You've made some videos talking to you basically get your championship through the draft.
It's like you're picking the right person, right? And you're picking them on the draft and
Lila's got the gut instinct and she's the best of doing it.
But in free agency, so the draft is you're picking somebody out of college and they're young and hungry, but they're already good and you're making even better versus free agency. You're getting already the best. They may not be with you for too long. Like you think about the Yankees just constantly buying the best players, but maybe not having the best farm system. Interesting. So the question is buying a building, kind of what we were referencing earlier. Like would I prefer to buy the talent or build the talent? In the building, you're already still going for the upper echelon, right? Like you're recruiting out of Harvard instead of
recruiting anybody.
It's one on the pick.
And I think one of those is like,
it gets more nuanced,
but like you can see raw potential
and say like,
okay,
like the people coming out of Harvard
have raw potential.
They usually don't have
a tremendous amount of experience, right?
And so you're still just taking somebody
who's at a higher echelon
of processing power, work ethic,
because they had to to get to that point.
So they've proven all these base characteristics
and then we can equip them
with kind of the more niche skills.
But I think it's probably a combination of both.
and if Layla were here, she'd give you probably a sexier answer.
I think that what she would normally say,
because this is definitely her realm,
is the 80-20 split,
is that you want 20% of the people that are on your team
to already have been there, done that.
And then the 80% to be kind of building their arsenal and skill set,
and that also balances usually where the compensation goes.
You know what I mean?
Because you're paying for the roadmap with the people who are in the 20%,
and then the 80% are learning from the 20%.
And then in their next chapter,
they might be in the 20% because they did it with you and your company.
I think the goal is always to keep people, you know, as long as we can provide meaningful opportunity to them.
And I think to go back to the original leverage thing, you will attract much better talent having a better opportunity vehicle overall.
So people will be the best people are attracted to the best opportunities.
And so if you want to start a dry cleaning business and brick and mortar business, you probably won't get, you know, a Harvard business school graduate.
This is probably not going to be, you probably can't pay them.
It's probably just not overwhelmingly interesting to them, right?
And so is there a way that we can transform that?
Well, probably, you know, if all of a sudden you worked with a thousand dry cleaners
because you had a licensing system or a franchise model,
then you might be able to attract that person because the opportunity is superior.
And so I think it is won in the draft, but part of winning in the draft is being the Yankees.
And you can get talent for less if you're the Patriots because they want to be on a championship team, right?
And so it's kind of the, it goes back and forth on both sides.
Like you can pick better people which create championship teams,
but championship teams attract better people.
I love it.
Listen, everybody's commenting about your nose strips.
When do we get the Mosey Nation?
No strips.
Mosy Nation sponsored.
Yeah, that's the product to sell.
Yeah, that and beaters, you know, my proprietary white feeder.
You know, I will say this.
I've had a lot of people, I mean, like, dude, if you really said a no strip,
we're like, it's not my business.
You know what I mean?
And so I think a lot of people, what happens is they are so afraid of leaving money on the table.
They leave the biggest money on the table because they're trying to,
you don't want to sacrifice an empire to pick up a pot of gold, right?
And so we risk our empire.
We risk the big thing, the main thing, by getting distracted because it's not core
to the strategy.
Right.
The strategy of what I do is make stuff that is really valuable to people from in the
trenches experience that is happening in real time right now that they can use and make money
with.
And if they then use it and make money and never work with me, I sleep fine.
If they do end up becoming, you know, they cross the $3 million, $5 million, $10 million
threshold.
And then they want to work with us because they know the stuff that we did work.
Awesome.
and then we're buying and not selling, right?
In the same situation.
And that's the strategy.
Now, if so, you know what am I really going to make with a with a no strip, right?
Like let's say even, you know, 10,000 people buy no strips for what, 20 bucks?
You know what I mean?
Like 200 grand a month, it's not worth the brand equity.
You know what I mean?
It's the short cash grab that just doesn't make sense, at least for me, for the big picture of what we're trying to go.
That's why we don't pick up that stuff.
I'd even give it away for free.
Like, it's just branding.
Yeah.
No, no, that would work too.
You know?
And honestly, like, I think what you represent is, is even bigger than the message in that
here's a guy who's just willing to show up as he is.
Like, who else is on?
Most guys who look like you who've done what you've done would be super, like it has to be,
I got my suit on, I need to have it perfect, and you're in an undershirt and the nose strips.
And it just represents the willingness to just be unapologetically you.
Because most people are still living under their father.
thumb and say, no, I'm going to go stick me in a management consultant because I'm afraid to be
me. Like, that's what a no street represents to me is like the courage to go off and be you and not
hide. No, I appreciate it. And one of the things that Layless is one of our biggest fears was,
you know, because we had to consciously say, like, do we want to gain fame? You know what I mean?
Because like, we think if we're going to do it, we're going to try and do our best and we think
people, you know, it'll gain notoriety. And I think the last, you know, 12 to 18 months have been
has been proof of that. But like, you give up some stuff. Like you give up the ability to walk out
and not have people recognize you and things like that.
And one of the things that she said she was afraid of,
she's like, I never want someone to meet me and be like,
you're so different in person.
You know what I mean?
And so I think a lot of that is,
is you brought up the word,
unapologetic to yourself.
You know, we like to define authenticity in terms of like,
what you truly believe deep down is aligned with what you actually say
and what you say is aligned with what you actually do.
And if all three of those things are aligned,
then you are in alignment.
And I think people can feel that.
And I think a lot, like, a lot of people are really afraid to tell people what they really think.
And then they're definitely afraid to act in accordance with that.
And so I think, I guess it's courage to be hated because people will hate you for who you are, more so because of what it makes them feel about themselves.
And so, but that's, but like being able to separate that hate from how I quantify my own self-worth or how much I respect myself is something that you have to separate.
I think at some point.
And I know it was a little bit of a tangent there, but it's just, you know, top of mind.
That's great.
I mean, I think what's fun with you is your equal part like pragmatists and strategies and philosopher.
This is this beautiful little mix.
As someone, me who struggled with fame and ego and it didn't want to be about me and just hide behind the people I was profiling,
I fought with my agent for years on this.
And he eventually worked it in that, hey, the more people know you, the more people will hear the message and will then take action.
Like your story actually has a ton of power.
And one of the greatest compliments I got of all time was that an event I was doing.
And the guy came up to me in Minnesota afterwards and said,
hey, you're even better in person than what I thought, right?
And so it's like it doesn't have to go the other way in terms of lila's fears that you're totally different.
It could be even better in person.
If that's how you decided to show up.
Yeah.
And that's hopefully the goal.
Let's just close up on frameworks.
So you have so many frameworks for decision making or algorithms, like in,
internal Alex algorithms. What are some of the most important frameworks for you that allow you to
make decisions a lot faster? They kind of get generated on demand. You know what I mean? It depends on
on the problem that we're trying to solve. And so it's like, if we're trying to grow a business,
then there are going to be certain frameworks that we're going to look at it through. If it's a
framework around like, how do I feel about a certain situation? Like there's a stimulus. There's a
circumstance that arises. Like, how am I going to react? You know, you have frameworks around that.
There's frameworks that you use in marriage, right? And so I think it would depend on your frameworks that
use in how you train. You're like the body. How do I eat? How do I sleep? Like all of those are
different frameworks. And I think for the big picture, a lot of people, like frameworks are just,
are just shortcuts for decision making. And so what we're doing is just codifying the variables that
we use to make a decision deliberately so that the next time we're confronted with the decision,
we don't need to remake and rewalk through that process so that we can save the time and energy.
And so, you know, if you're confronted with thousands of decisions every day, if you have to
remake all of these decisions over and over again,
you waste a tremendous amount of time and attention,
whereas if you can, once you've made the decision once,
it's made forever because you have the process documented,
then you just are able to have a lot more leverage on your time
and then make a higher number of decisions
and quality of decisions because quantity,
based on the fact that you're using a framework that's shorthand
for good decision-making,
and then the quality based on the fact that you have so much access attention now
from what you gained back on these prior decisions
that you don't have to remake to then apply them to the ones that are more complex,
that are more strategic, that have higher leverage, and will yield outsized returns in your
business, your life, your marriage, your body, whatever.
I know legacy doesn't matter you, and I don't focus on it either.
And I'm also curious if you know any of your 800 cousins or Homozy cousins from around
the land in the world, I'm wondering what keeps you on the good side?
Because a lot of people, they stay good because of legacy or because of,
faith or God or whatever, you have so many skills that could very easily be turned to the negative.
You're going to sales and persuasions and easily ripping people off if you wanted to when you have
all those skillsets to do it and make short-term arbitrage and screw people if you wanted to,
right? What keeps you on the good side of life if it's not faith and it's not legacy?
So really, this is a really interesting question. We'll probably go over. I'll say, write a gut
instinct, I would initially reject the good versus bad. And I think that it's just a difference in time
horizon. And so I would make the argument that I am better at being selfish than the person who is
short-sighted. So they are also being selfish. I am being selfish. I'm just being selfish long.
They're being selfish short. And so it's like if you have the patience to just wait for a long period of time,
and I think I've made some content around this, which is like, you can just give, give, give, give,
and you never need to ask. And at a certain point, you just start getting.
Right. And so it would be like akin to me trying to, you know, in the very beginning, I had no followers, no nothing and being like, hey, Evan, like, let's hop on a thing together. You would be like, I don't know, man. But if you build enough on your own, then someone reaches out, right? And so I don't think it's good or evil. I think it's just long versus short. And so I would say that that's really the issue. And as a quick tie into what you had you mentioned earlier about direct response marketers, I think the difference is between direct response and brand.
branding. And in my opinion, branding has a significantly higher return on advertising spend and
effort measured over a longer time horizon. Direct response has a much higher ROAS, you know, return on spend
on a short time horizon. And so if you can wait for the longer time horizon to compound,
then you're like, Louis Vuittine just has a picture of a model next to a purse. They don't need to
say two bags for, you know, two bags 50% off. They don't need to do two upsells immediately after
that because they know that they can sell a bag for $5,000 that cost them $100 to make, right?
Because of the brand. But you don't get that overnight. You get that over years and over decades.
And if you want that kind of power, it takes time. And so it's still very selfish to do it that way.
You're just patient. He's a philosopher. I love it. Listen, final, final question.
For people who you give so much to everybody now. And as you're famous to say, you got nothing to sell.
you're just here trying to, trying to help and serve when your book is 99 cents.
But if people wanted to, like you've given so much important to them,
if they were going to think about you today,
and whether it's just holding you in their thoughts or taking some kind of action in their life,
like, what would you have them do if they wanted to repay you somehow through their thoughts or actions?
I mean, share the stuff, help other people out.
Somebody who's like, what can I do for you?
I'm like, be successful.
Like, that's like, just don't be, you know, don't be in your parents' basement,
not doing something.
Like that's what you can do.
Like, for me, like you said, I know I'm going to die and people will forget about me in 500
years.
This doesn't matter, right?
And so, like, do something for you.
And that makes me happy.
And, you know, from a monetary perspective, if you crush it, you cross $3 million,
10 million, whatever, and you want us to, like, participate and help you go further,
we'd love to invest.
We love to talk.
That's what Acquisition.com is about.
So, like, that's, you know, that's our play.
But for everybody else, we're just here to help.
And, you know, if you just go from 10,000 month to 100,000 month and you never get past
that, love you.
You know what I mean?
you did it, you took action, you're already probably in the 1% of Americans and you need to be
recognized for that, recognize yourself. That's all, I mean, that's it. What else is there?
You know what I mean? Like, I think this might be a good statement to close with, but like, Leon, shoot, LLBien.
Leon, I think he's the last name is Leon Wood, who started LLBine. When asked why he didn't make LLBine
more profitable or more aggressively, you know, do stuff, he says, I already eat three meals a day.
He's like, what would I do with a fourth? Right. And I think that that's a lot of the perspective with
which is like a lot of people want to start businesses because they want to work with people
they care about to do something they find meaningful to help people and it's like well then
I mean that's what we do and so we're like you're helping people what do you want back
like that's what people say they want to do to begin with so it's like well that's I'm I'm doing the
thing I don't you know I'm doing the thing Leon Leon would be that was a really obscure
reference but I love it yeah Alex Hamos in the house appreciate you maine thank you for the love
the energy the time all the content you're making for showing up and dude I'm super
excited to see everything else you're going to be making, especially the content. I really love
what you're putting out in the world, and I really appreciate you. Appreciate you. Thank you for
taking the time. It's your audience very next to meet you. Thank you for giving us your attention.
Hopefully you got a good return on it. Thank you, man. Take care. We'll see you soon.
