Building A $50 Million Business with Nose Strips | Ep 448
Podcast: The Game w/ Alex HormoziPublished On: Thu Oct 13 2022
Description: The brand is a reflection of what a person desires to be. Today, Alex (@AlexHormozi) talks about how he would create a multi-million dollar business using nose strips, the directions he would take to market the product, how he would help solve the problems of his potential market, and how brands should look deeper into satisfying the desires of their customers. 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:(0:30) - Alex's hypothetical brand: Nose strip business with motivational branding.(4:53) - Financial impact: $16 gross margin on a $20 product.(7:52) - Unique manufacturing capacity triples product value; influence campaign adds 40% top line.(10:07) - Potential value of the brand: $40-60 million; motivational targeting.(12:17) - Angle brand towards the audience; lesson from "The Garlic and the Ham."(15:21) - Brands reflect personal beliefs; people vote for what they believe.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition
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