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Alex Hormozi. What is your opinion? Mine is (mostly) negative.

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Isaac Odongo

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Actually it has changed. Instead of pointing out solid arguments most people are resulting to attacking me personally. It seems like people can no more agree to disagree. It is a bid sad to be honest.
No. They all gave good advice. Put ego under the seat.
 
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Late to the party but adding my 2 cents anyway....

Regardless of the actual subject matter here I'm glad you reflected and changed your mind @Panos Daras, that shows maturity and an open mind - both will serve you very well in your business ventures.

P.S. I don't consume the media of any of these guru types, but a few very solid entrepreneur friends (running 7-9 figure businesses) told me this Hormozi guy is legit and practical. Having checked his stuff out, I agree. The way he is doing it - so far - seems very above board and he is front loading his eventual ask (and open end goal) with HUGE value.
 

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I'm listening to his podcast now.

Great value on it.
Is the podcast similar to the YouTube channels with life lessons and motivational stuff?

I'm curious whether he ever spends time discussing the day to day grunt work involved in growing these companies (and his own) over several years. The criteria for being helped / acquired insists on finding major league unicorns, so future results being wildly atypical is guaranteed. One of the recent candidates Alex mentioned is currently doing $400K MRR with 90% margins.

That's going to be "1 out of God only knows how many online businesses out there."

I like his stuff, but have been wondering about the gaps between "I started with one gym filled with equipment purchased from an online auction site" to "Hey, we just sold a 2/3 stake to a private equity firm for $50M" eight years later.

Maybe that's the point of the online course(s). No way of knowing whether "Coming Soon" means next month or never.
 

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Is the podcast similar to the YouTube channels with life lessons and motivational stuff?

I'm curious whether he ever spends time discussing the day to day grunt work involved in growing these companies (and his own) over several years. The criteria for being helped / acquired insists on finding major league unicorns, so future results being wildly atypical is guaranteed. One of the recent candidates Alex mentioned is currently doing $400K MRR with 90% margins.

That's going to be "1 out of God only knows how many online businesses out there."

I like his stuff, but have been wondering about the gaps between "I started with one gym filled with equipment purchased from an online auction site" to "Hey, we just sold a 2/3 stake to a private equity firm for $50M" eight years later.

Maybe that's the point of the online course(s). No way of knowing whether "Coming Soon" means next month or never.
Listen to his episode on my first million, he lays it all out, it’s a good story.
 
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This thread has been going on for too long. Let me just slip in a reminder:

"Great Minds Discuss Ideas; Average Minds Discuss Events; Small Minds Discuss People."​


But what about minds who discuss quotes?!?! :playful:
 

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Fox

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This thread has been going on for too long. Let me just slip in a reminder:

"Great Minds Discuss Ideas; Average Minds Discuss Events; Small Minds Discuss People."​


But I was discussing the idea of a person during a specific event.
 

Fox

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Ya true, for sure he is selling us all big time in the long run.

I knew this was coming from day one with Hormozi though cause I seen it happen before with Andy Frisella.

In Andy's early podcasts he would always strongly emphasis "I will never sell you anything".

Since then... an app, a book, speaking fees, speaking events, a mastermind, mastermind events, merc etc.
But that podcast is still add-free guys ;)

These guys are just clever enough to see that the bigger money is to be made without going for the sale right away.

It did annoy me with Andy before but I just let it go - I guess that is just the game. These guys provide a ton of free value and at the end of the day we don't have to buy unless we want to.

I guess the "nothing to sell you" is to get people's guard down long enough to get their foot in the door.
Screenshot 2023-07-07 at 07.59.42.png


Very strong chance this will be about more than just a book...
 

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Course? A Live Paid Event?
 
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Kung Fu Steve

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Watching the Hormozi launch right now and the amount of people who are freaking out in the chat is hilarious.

"SCAM! WE GOT SCAMMED! HE SAID HE HAS NOTHING TO SELL ME! SCAMMER! AHHHHHH!"

The troll king :rofl:
 
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RicardoGrande

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Popped into the live stream and immediately saw this:
image.png

Any price in xxx7 sets off alarm bells.... but then he said the book and audiobook would be free- Ok.
My only question now... is there a catch? Or is he just brand building right now. Either way, hope to get some value from my read through.
 

ZackerySprague

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He's giving it all away for free. $0 dollars. The numbers just create scarcity, I think he did on purpose. He will even more mainstream because of this for the next few years.
 
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Subsonic

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I was so expecting a massive right hook but he knew exactly what he was doing.

Set us all up to believe he is going to take 5k for the stuff and then he says "Lol gotcha its for free". This has to be the coolest way possible to make someone value something they get for free.

Tbf he will probably make two to three million from selling the hardback books, but at that point it's fine, and it wasn't even a hard close.
 
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ZackerySprague

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I was so expecting a massive right hook but he knew exactly what he was doing.

Set us all up to believe he is going to take 5k for the stuff and then he says "Lol gotcha its for free". This has to be the coolest way possible to make someone value something they get for free.

Tbf he will probably make two to three million from selling the hardback books, but at that point it's fine, and it wasn't even a hard close.
I thought he really was going to sell something around that price tag. But we were all wrong.
 
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I was so expecting a massive right hook but he knew exactly what he was doing.

Set us all up to believe he is going to take 5k for the stuff and then he says "Lol gotcha its for free". This has to be the coolest way possible to make someone value something they get for free.

Tbf he will probably make two to three million from selling the hardback books, but at that point it's fine, and it wasn't even a hard close.
I was debating in my head how I would justify buying it for $10k to my wife… then he hit with it being free…
Holy F.
 

Panos Daras

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I was at the event but had to jump out because a big customer came to buy my stuff. What did he do in the end?
 
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I'm only 95% salty I forgot it was today and ended up having a client scheduled during it.

Cheers.
 

Kung Fu Steve

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I was at the event but had to jump out because a big customer came to buy my stuff. What did he do in the end?

He scammed everyone. Stole all the credit cards. Forced us to buy a course for three easy payments of $2,997.

... I'm just giving you shit...

... he did a full stack and pretended like he was going to sell it as a whole package for 997... and everybody "bought it" hook, line, and sinker... and then he's like "I'm just joking, I'm giving it all away for free whether or not you buy my book. Here's the link. Oh, please buy my book too. But I'm going to give you the audio version for free. So if you don't want to buy it, here it is free."

Dude's playing the long game.

Very successfully.
 

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Popped into the live stream and immediately saw this:
View attachment 50830

Any price in xxx7 sets off alarm bells.... but then he said the book and audiobook would be free- Ok.
My only question now... is there a catch? Or is he just brand building right now. Either way, hope to get some value from my read through.


A total guru and scammer. He's setting all these up for the big reel-in eventually. Warming up his audience and growing it bigger, more rapidly. He's not interested in making money from $299 or $799 courses. He wants something far bigger and the fox will reveal its tail in the near future. No one's in this to do charity work or "from the goodness of their hearts".
 
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MattR82

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A total guru and scammer. He's setting all these up for the big reel-in eventually. Warming up his audience and growing it bigger, more rapidly. He's not interested in making money from $299 or $799 courses. He wants something far bigger and the fox will reveal its tail in the near future. No one's in this to do charity work or "from the goodness of their hearts".
Of course there is something for him at the end, but I don't think it's at the expense of anyone taking his free content, now or in the future.
 

ZackerySprague

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A total guru and scammer. He's setting all these up for the big reel-in eventually. Warming up his audience and growing it bigger, more rapidly. He's not interested in making money from $299 or $799 courses. He wants something far bigger and the fox will reveal its tail in the near future. No one's in this to do charity work or "from the goodness of their hearts".
Not quite sure I'd say he's a scammer, he literally just gave out all of his content for free. From an unbiased point of view, he's trying to reach $1bn in net worth by investing into companies that he could be a partner in and gain equity in exchange for his investments. So if that is his goal, then how does one person achieve such a high task? Well he's using the power of social media to spread his knowledge that he gained from running businesses of his own to others in the hopes that high achievers reach out to him to make an investment and become a partner, so you could say he has selfish tendencies in that regards while running acquisition dot com. However, the numbers you see above are fake in the screenshot. It's a tactic that most GURUs deploy to create scarcity in making you believe it is worth of value to help you justify taking the action to buy his or her course. It's all fake in the end, it's just the consumers in who may or may not know anything of this tactic.

Plus he talks about creating scarcity or the value tag in his $100million dollar offers books, I'm sure a lot of people will get tremendous amount of value from his event today.

Ryan Daniel Moran from Capitalism.com does this. If a business owner whose business is thriving per say, and let's say for simple math sake is worth on paper $100million dollars because of their EBTIDA and let's say Ryan has a 20% stake of equity in the company. Well, when the company sells. Ryan will get $20million dollars while the owner gets $80million, etc, etc. So of course these guys want to play the long game, because this is their ultimate end goal when becoming an partner, giving an investment for a stake of equity in the company.
 
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MitchC

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A total guru and scammer. He's setting all these up for the big reel-in eventually. Warming up his audience and growing it bigger, more rapidly. He's not interested in making money from $299 or $799 courses. He wants something far bigger and the fox will reveal its tail in the near future. No one's in this to do charity work or "from the goodness of their hearts".
He’s incredibly open about what his ask and goal is

What’s wrong with charging for the value you provide anyway even if he did try and ask for money for what he’s putting out there
 

Subsonic

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A total guru and scammer. He's setting all these up for the big reel-in eventually. Warming up his audience and growing it bigger, more rapidly. He's not interested in making money from $299 or $799 courses. He wants something far bigger and the fox will reveal its tail in the near future. No one's in this to do charity work or "from the goodness of their hearts".
I mean he will/did make 2 to 3 million from selling the limited edition hardcover books so he does gain something.

Moreover, he won't become a billionaire from selling 1k courses so why would he.
 

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