Master the Art of Profit: The Two Key Strategies to Outperform 99% of Businesses
How to Stand Out In A Saturated Niche
I gonna share with you How to make more profit than 99% of businesses that I learn from Alex Hormozi.
If you own a business but don’t know who Alex Hormozi is, I highly recommend you to check out his content. He offers a ton of valuable stuff for FREE.
The speed of growth in any business depends largely on the profit margin.
If the profit margin is too thin It’s hard to grow your business since you don’t have much money to reinvest in your business.
A Premium price is essential for high-profit margin business.
But to charge premium prices, you need to learn constantly to make your business exceptional plus build a strong brand.
In this articles I will show you HOW to do that using strategies from Alex Hormozi.
These are the benefits of charging a premium price:
- You can increase the perceived Quality and Value.
- You can hire the best people.
- You can enhance customer experience.
- You can reinvest in your business, and make it exceptional.
Now let’s dive into it!
Keep Learning
Learning is super important for making your business better.
You can learn everything from organizing your business to hiring the best people.
Many successful people out there have already gone through your journey and share their knowledge and experience through their courses, coaching programs, books, etc.
Your job is just absorb their knowledge and apply it to your business.
Spend as much money as you can on education such as courses, coaching, books, etc. or even FREE sources like podcasts or YouTube videos are also extremely helpful.
Remember to apply what you learned a lot, knowledge without taking action is a waste of time.
Do it again and again until it becomes your second nature.
Conviction and confidence not come from positive reflection in front of the mirror, it comes from doing obvious stuff with an exceptional time.
Here are learning sources that I found useful:
Books
- $100M Offers.
- $100M Leads.
- Dotcom Secrets.
- Expert Secrets.
- The Million Dollar Weekend.
- Rich Dad Poor Dad.
- The Psychology of Money.
- The Millionaire Fastlane.
YouTube Channels & Podcasts
- Alex Hormozi.
- Leila Hormozi.
- Deep Dive With Ali Abdaal.
- The Dairy of A CEO.
- My First Million.
Posting Valuable Content
Figure out what your target audience wants, desires, etc.
Then post content tailored specifically for them about valuable stuff that you learn so far. By giving it for FREE to other people, you are building a strong brand.
Don’t be afraid of people stealing your secrets, people merely take action with FREE stuff even though they find it valuable.
It increases the perceived likelihood of achievement in your prospect’s mind when working with you because people will judge your paid stuff based on your Free stuff.
By giving value first you will build trust with your prospects thus they will be more likely buy from you
Build A Strong Brand
If you have both two characteristics above, you’re building a strong brand.
It gives you the ability to charge a premium price and attract more customers. People buy with value not the price.
With an exceptional business people will tell about your stuff.
With sharing valuable knowledge you will convert these people.
It’s all about leverage.
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