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The Game with Alex Hormozi

Helping a Personal Stylist Scale Past $3M | Ep 829

24 Jan 2025

Description

Want to scale your business? Click here.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.Follow Alex Hormozi’s Socials:LinkedIn  | Instagram | Facebook | YouTube  | Twitter | Acquisition Mentioned in this episode:Get access to the free $100M Scaling Roadmap at www.acquisition.com/roadmap

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Transcription

Full Episode

0.129 - 3.011 Alex Hormozi

We want to decrease the friction here for qualified people.

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3.412 - 3.572 Unknown Speaker

Right.

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3.892 - 20.825 Alex Hormozi

So there's good friction, bad friction. So good friction is something that increases the overall quality of the lead and gets out people who suck. Bad friction gets everyone out. A slow page load time, for example, everyone leaves, good people and bad people. We want to get the type of friction that only bad people leave and good people stay.

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20.845 - 21.205 Unknown Speaker

Okay.

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21.425 - 36.875 Alex Hormozi

And so if we have budget authority need timing, we have the specific things relative to the lead magnet, then your follow up, if you want, like, hey, if you can send me a picture, be great. If not, I can just go off of your Facebook profile or something like that. Then they show up to the call. You have your one of templates that you already figured out ahead of time that then sets up the sale.

38.716 - 43.059 Alex Hormozi

This is Ashley. She has a personal styling business. She does about $300,000 a year, and we're going to help her scale.

44.605 - 71.429 Ashley Capps

Hi, I'm Ashley Capps. I'm founder of AC Styles. So we are a professional wardrobe and personal styling service that helps transform our clients' confidence and saves them time. So revenue, we make about 309,000 annually, 130,000 in profit. That gives us about 42% in net margins. So we've been in business for about four years and so far we've served over a thousand clients.

72.456 - 74.96 Alex Hormozi

1,000 clients? Yeah. How'd you get 1,000 in four years?

76.57 - 80.032 Ashley Capps

So that's over my whole career as a stylist.

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