The Game with Alex Hormozi - Get 36X More Results | Skool Q&A Ep 764

Episode Date: October 28, 2024

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.Wanna scale your business? Click here.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

There was a pair of brothers. They own a credit community. They have a TikTok that has over 800,000 people who follow them. And then they have an Instagram that has like 200,000 people who follow them. This is where it gets suspicious or interesting. Guess where 90% of their revenue is coming from. The 200K platform was generating 90%, 90% of their revenue. This is where like I get really interested in this because that wasn't even an apples to apples comparison.

That was a 4x differential, but you still had a 90-10 split, which means it's more like a 36 to one difference in terms of return on effort. So this is why I think this is really important. If you can get 36 times the return on one platform versus another, then where do you think you should put your attention? Some of you guys are contemplating, making content. Other of you guys have already started and you're split between different platforms. First off, if you are starting out, pick one platform.

It'll make it much easier for you because you'll be able to learn the platform. We'll consume the platform. We become native to it. One of the things that we're doing in the 100, which I'll share with you, is we are encouraging the newer people to comment. Kirby, why don't you give the adaptation of the rule of 100 I have from the book? So we spoke with a lot of people making between $10,000 a month and up to a million a month through school.

And we saw a pattern between what lots of people were doing. And we called it the rule of 100. It's inspired by a wise man. It's basically 100 minutes per day creating content, 100 minutes per day doing outreach, and you do the outreach to the people that have engaged with your comments or your posts or have followed you or have liked it. And then finally you do 100 comments. And that's the thing that's different. If you create a post, it relies on the algorithm, which means your posts have to be great. Whereas comments oftentimes just go to the top of the feed. So you can get a lot of attention, even if you're not the best at creating content through comments. 100 minutes of content so that you can get people who like and comment

on your stuff, which then creates the beginning of your leads list for outreach. So you hit all those people up first that also will decrease the number of true colds that you're doing. The thing is if you're getting consistently at least 100 engagements between comments and likes, like specifically is going to get a lot more. That will automatically massively shift your results. sponsor rates on your outreach. Okay, so one is you're not going to get your account shut down as easily it's going to be warmer and have higher returns, replies, et cetera. So you just get more engaged leads for the work you put in.

This is leverage, right? The last piece is commenting on other people's stuff. All right. And so you can do that within communities or you can do that in public posts. Either of those work, I think we prefer communities because it's even tighter and you have to compete even less on rankings. And so by doing this, the point of those comments, by the way, is that you make the best comment on the post, right? And the interesting thing is that the bar for the best comment is so

much lower than the bar for the best posts. And so this is kind of the arbitrage opportunity that we see that people who are doing really well with kind of a combination of, because like a really good comment is like a weird combo of organic content and outreach. So it's kind of like a little bit of both. But you'll often get, you'll kind of piggyback on the exposure of the post of someone else's high quality post, which again, gets you more for what you put in. And if you're starting out, this is a great kind of method overall. And so that 100 minutes of content, just to be clear, because I apparently didn't make this clear in the book, you need to publish it.

You don't make 100 minutes of content and then not publish it. So maybe I have to put that update to that chapter. I can't even believe I have to say this. You make the 100 minutes, then post it. Then you can engage with everybody who engage with that post. And then basically your excess capacity, in addition to that, you then do 100 comments inside of communities that have your avatar. And this is also as a side note, where it gets kind of important is if you're in a community that's really massive and doing really well,

reach out to the owner of the community because like don't do it up front. Provide value first. Let's put our smart cookies hats on. Provide value first. And then if you've done that a little bit, you'll kind of start ranking up in the community on any platform as a top contributor or whatever. And then that'll give you some kudos. Many of you here obviously have your own communities. And so if someone makes your job easier, you like that person. And so when you have top contributors, like right now, think about your top contributors. You're almost like, you have like warm and fuzzies towards. Right.

You're like, man, those guys, those guys are awesome. Those guys help me out. Reach out to those people to let them know, like what you're doing, what you're up to and see if you can help them in any way. Sometimes it creates the bridge for great partnerships because sometimes they have more leaf flow than they can handle. This creates opportunities for growth operators. For those of you who are pursuing that path, the rule of 300 is the whole 100 times

three just with no paid ad. So it's kind of like the organic. version of the 100 spelled out really, really clearly. Okay? So we knew, we knew this 100 minutes a day somehow has just thrown people. Guys, the 100 minutes a day is going to be for scripting and research. Like, because in the beginning, you can use minimal edits and have good scripting and good content itself that you can get away with not having great edits.

I have a lot of post because I do less pre because I don't have as much time. And so my team will take a three minute rant and shove it into 60 seconds so that it can become a short. But if I spent all my time taking 100 minutes to make a short, then I would be able to condense it into 60 seconds, buy a teleprompter and say the words. 100 minutes isn't much time. Well, it's enough. An ounce of pre is worth of pound of post is what we say internal. How would you get started growing on Instagram? I know most people are on Instagram.

dude, it's the rule of 300 for those of you guys who were asking. So like, you make one piece of content. And if you're like, shit, man, that's going to take me more than 100 minutes. Well, 100 minutes is just the content piece. We still have the outreach in the comments. We still have the other pieces. And so if you're like, dude, this is so much work. It's like, oh, welcome to starting a business.

There's a reason that people don't have them. It's not easy. It's simple. It's very simple to understand. It's hard to do. And so the thing is that your motivation will wane far, before the strategy stops work. You become less motivated and then you seek out different shiny things because you seek

novelty, but your business seeks consistency. Your goal is to make yourself into the ultimate weapon for your business, which is like, how do I become a machine? How do I consistently make my 100 minutes of content? And 100 minutes of content, guys, this is not me saying go make an hour and 40 minutes of content. This is me saying take an hour and a half to make one piece of content that's good. That's it.

that's all you're doing simple and then you reach out to every single person who engages and by the way you probably had people who engaged in yesterday's content in the day before's content the day before's content because content keeps running for a week plus by the way and when people go to your page they like multiple things and so you can then look at your notifications and every single person he likes because guys this is how it compounds so the first day you're only getting at people respond on the first day the second day you get the first thing and the second thing the third day you get first second and And you're going to have comments on each and likes on each. And guess what?

Very quickly, your outbound messages are going to be 100% eaten up by people who are only engaging your content. And this is our objective for everyone in Speed Runners is to get to that point as quickly as possible. And I don't think it's going to take you longer than like seven, 14, 30 days tops for your outbound messages to be 100% from likes and comments of the stuff you have. Now, this is especially important when coupled with commenting on other people's stuff. Because if you comments on other people's stuff thoughtfully, guess what they do?

They click on your profile. They visit, sometimes to subscribe, and then guess what happens on your next piece of content? They tend to reciprocate. People are like, wow, that guy left me a comment. I'm going to leave a comment and tell him his stuff was good. This is also how you build a deeply engaged audience on your own profile. And then that's where you have a guy who's got 3,000 followers on Instagram outselling, somebody who's got 100,000 followers on Instagram who just did a bunch of algo hacking.

So you're building a deep brand around the stuff that your ideal avatar likes, which is And they will subscribe. People subscribe. Like, think about the people that you subscribe to. Sure, you've got your, your, your big, big guys, right? You might, my subscribe to me. Am I subscribe to Gary Vee? You might subscribe to Ed My Lay. My Subscribe to whatever. You got you got your big dudes who you capture a lot, sure. And then you've got probably a like a this middle ground where there's not a ton. And then you probably have a bunch of microcreators that you follow that you're like, oh, I love this girl's case. Oh, I love this guy's paper plane thing or whatever, right? And you just love that stuff. And so when that kind of,

guy makes an offer, you're like, oh, this guy's fucking great. And if that guy messages, you're like, oh, he's a real person. Right. And so all of these things build the relationship that we're trying to get everybody into as fast as possible. If you are going to be on a platform and you're going to be spending your time, you want to be spending your time on the platform that's going to yield you the most results. I have a monster video coming out. So I'm not going to spoil it, but I will tell you kind of like some of the highlights. We actually looked at our traffic and conversion by platform. the TLDR is that TikTok was by far the lowest value platform for us. Now, that may not be true if you have a TikTok shop and you're selling $19 widgets and

a fidget spinners. But if you're selling services, you're selling B2B, even B to C high ticket, TikTok's not going to, it wouldn't be my first choice. I'll just put it that way. The three highest ROI or OAS channels that we have are in order, YouTube, Instagram, and that was a very interesting for us now mind you email doesn't inherently grow but it is very much a platform and so it kind of like sits a little bit off to the side i was talking to uh somebody that was interviewing for a marketing director role at the portfolio level so basically to oversee all the

marketers of all the portfolio companies and he came from a 600 million dollar a year business very very good and so they had hired he had hired while he was with that company a company that is a billion dollars a year in sales and he asked them to consult and one of the thing that was really interesting about that consulting period was that he found that 90% of the revenue, or they shared that 90% of the revenue they were generating was from email. And I was like, that is wild. Now, as soon as they heard that, they then started implementing email far more heavily inside of their $600 million business and started generating 40% of revenue over the next 18 months started coming from email. And so I heard those stats. We ended up not hiring that particular guy for

different reasons but if you've noticed we actually just started emailing a lot to at acquisition.com for those of you who are on the list and for me i use a proven hook because like all my like tweets that outperform is what i use as my my words so i already know people like that and you can also like if you have two you can put the other one below because you're going to send far fewer emails then you will tweet or have any kind of short form content and so all of those things are useful we have ticot and instagram right and so when we looked at this what was interesting is that we get the most traffic to Acquisition.com. Now, this one shocked me.

The most traffic we get to Acquisition.com comes from Instagram, not YouTube. Buy a lot, actually. Which is, I know. Here's where YouTube makes it up. The conversion on YouTube trap is four times that of Instagram. And so the intent of the traffic is significantly higher. So basically, YouTube sets half the traffic of Instagram, but it gets four times a conversion.

And so YouTube still creates twice as many contacts as Instagram does. for us. And so those are my two primary growth channels. Then beneath that, you have LinkedIn, which for me is super valuable on the recruiting side, which probably matters less for some of you guys, but for me, LinkedIn's super valuable on that. I see podcasts a lot like email, very, very difficult to grow, but it kind of becomes a bucket. And so I kind of see podcasts as my like audio email, and then I see my email as my written email. That tends to work. I inherently don't like investing money in growing my podcast. I want it to be able to grow on its own before putting money into it. It's kind of like a product. Like if I have really high churn on something, I don't want to

put money into it. Like you want to fix the product, right? Right now, my podcast about maintains at about a million a month. And honestly, it's been because I haven't made podcast for Wisconsin. So if I just make kind of like repurposed content, it basically maintains whenever I make a video where I just do a podcast, it always outperforms everything. Surprise, surprise, like you have to work more to make things grow. That's kind of what I have found from those platforms. But if I'm thinking about where I'm going to be allocating my time, first and second are Instagram and YouTube by far, by a good margin. And if I had a third thing, it would be email that's capturing and remarketing to those people. That would be my first simple business. If I just did two things or three

things, right? That would be it. It's like two front ends and then this just continues to remark using the structure that I gave you guys. Now, here's where this relates to you, like, very personally. If you're a growth operator and you're trying to figure out who should I go after, I would be going after Instagram influencers and YouTube influencers. Okay. And if I honestly had to pick, I'd probably do Instagram if they had genuine engagement. Because Instagram has way more ways to generate clicks than YouTube does. So YouTube's very good for top of funnel brand awareness because people see your face, they engage with you. But I can't like DM my subscribers. I can't say like swipe up on my YouTube shorts. Like none of that stuff can happen. On YouTube, YouTube, YouTube is very good

at making YouTube money. Right. And so I think honestly, YouTube has has made up for that by paying creators well because it's more difficult to do commerce because you have to get everybody off the platform. Whereas Instagram, they don't need to pay creators because it's much easier to convert Instagram traffic. You've got link in bio, which is way more effective than the profile or even the description on YouTube. You have your story CTAs that you can ask people to do. There's many chat integrations that you can run, which is a lot of the school games winners. You know, comment this and I'll give you this lead magnet. None of that's available on YouTube.

You can't do that. You have to drive them to a funnel. I bring this up because if you are a growth operator, that's probably. probably who I would go after. And then also, if you're making content, then I would be looking at those as my two primary channels.