Consistency Is The Key To Beating Your Competition | Ep 898

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

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:02Alex Hormozi?

  And like I'm telling you, like if you can unlock consistency, like you can become an incredibly dangerous competitor. It's wildly underestimated. And so for those of you who are like starting right now, like start, like get like start. You will not make less money by letting more people know about your stuff. Period.

• 0:19Alex Hormozi?

  Some of you guys may know this, but I've, um, I'm committing fully to, uh, to do more live streaming. And I want to do this so I could like make my content with you guys and so you can kind of see like behind the scenes what it actually is. So the plan for the day is that one, I'm going to talk about some content strategy stuff that I think will be beneficial for you guys. And then I'll be taking live Q and A's from y'all doing a little Hormozi Hotline action. We got 32.7 million views on YouTube this month. Here's how. So I posted 35,000 pieces of content this year. We did a $100 billion book launch for $100 million money models in 72 hours or three days. We did $100 million in sales, 105 point something or 6 million to be exact. And the issue that most people struggle with is that you're making not enough content, number one. And the types of content that you're making are not attracting the types of customers you want.

• 1:05Alex Hormozi?

  And so the promise that I have for you today is that I will show you a framework that I have called S P C L, like special if you want. But it's how to build influence rather than how to get as many views as possible or anything like that. All right. But it's a four-part framework, special as he can remember, S P C L. And I want to break down each of the four components for you so that you can think about how you want to approach making content, all right, and building a brand in general. And so I also share this because I am not somebody who naturally, like some people just naturally have that like taste and you know, brand knowledge and like have cool factor for like, I, I am not that way. Like I'm not naturally that way. I'm not artistic. I'm really not creative, but I will work hard.

• 1:46Alex Hormozi?

  And so I'm going to show you the stuff that I've learned so that you can, hopefully, if you just have work ethic, you can model it. Okay? So S P C L, these are letters and hopefully over at Cam works all right. So S P C L.

• 2:01Alex Hormozi?

  Okay, so what do these actually stand for? All right, so number one is status. And this is why you hear me talking about proof so much. But how do you define status from an operational perspective? For those of you who are new to the channel, I like to operationalize things. Meaning like, I like to look at objective reality and describe how we would see with your eyes. Rather than try and put a whole bunch of like emotional words around stuff. Because these are like, that type of language is what confused me for a very long time when I was coming up. And it was only after I started defining things by what I could see, what I could observe, did reality feel like sharper, more crisp to me? And my ability to predict what was going to happen next increased by a lot. And so this is why I talk in this way. So how do I find status? So status is someone who controls reinforcers in a given environment.

• 2:45Alex Hormozi?

  So that's a little bit fancy word. But fundamentally, if you control the good stuff that people want, then you will have status, no matter what it is. Right, and so the simplest example I have is like, if you go to a bar, and it's a busy bar, and there's a bartender, and you have to get the bartender's attention in order to get a drink or booze, that guy in that moment has stats. He controls the scariest resource, right? But if that guy walks out of the bar, no longer controlling that scariest resource, he does not have the same status or even close to it, right? Like, outside of the bar, he's not getting tips every single five seconds when he like moves his hands a little bit, like says something nice, right? People aren't waving money at him as he walks to the street, of course not, right? It's because he has status of one condition, and he doesn't have another. Now, what's interesting about all four of these elements I'm gonna break down,

• 3:27Alex Hormozi?

  they all can work independently, but the idea is that you want all four of these stacked together. This is what gives you the most influence, right? So like, any of these four on their own would give you influence. Like, that bartender, if he just says that, he would have some level of influence. And I'll give you a different example of this. If a kid inherits money, right? They're going to have a status, right? Like, if you have money, even if you didn't earn it, even if you didn't anything, if you have money, you will have some degree of status. Because you control something that other people want, period. That's how it works, all right? But would that kid who has money have the same status as a kid who has money who also gave you, you know, 10 different crypto coin picks that all popped off, right?

• 4:11Alex Hormozi?

  Well, if he gave you 10 different picks, and you followed them, and they all popped off, you would for sure, like, think about, like, how much more influence would that person have over them saying, hey, you should put money in this, or hey, you should, you know, give me money for XYZ, or whatever it is. Obviously, I'm talking money because I'm a business person first, but like... Think about how much more influence version two would have with just two of those things versus version one, right? That's the difference. But if you have all four, that's when we get, you become super set. One of my classic examples, uh, which leads us to P, right? Which is power. So status is number one. So you control scarce resources. Power is number two. I would say if I had to only pick one, I would pick power and I'll explain why. So power comes from something in the behavioral dynamics world called say do correspondence.

• 4:56Alex Hormozi?

  What that means is if I say something and then you do it, and then a good thing occurs, a reinforcing event happens afterwards, you are more likely to comply with a following request, right? So said differently, I give you the example of the guy who says, hey, here's 10 stock picks, you buy them and then a good thing happens, right? The thing goes up. Great. That person now has power. So that person has status and power, which is why they are more influential than the trust fund kid who just has money, right? And so to the same degree, for many of you, we're trying to make content. One, it's like, okay, status, I want you to demonstrate that I control a scarce resource that some people might want, right? And so what makes this a little bit more muddy is that sometimes one event can check multiple boxes. And so I'll give you a simple example.

• 5:41Alex Hormozi?

  When we launched the book, we did a hundred million plus in sales, right? That in and of itself, me having money from the event gives me status. Me saying, hey, you can launch stuff in this way gives me credibility, right? Because I, I, I show that I have an event, I have something that has happened as a result of me doing it, that give me third party credibility. There's something that you can observe with your eyes, right? The reason that my ads do well, when I have my, my, you know, $10 million building behind me is like, oh, well, that's hard to fix, right? And so you have credibility there. And so one event, like selling a company can give you money, it can give you credibility. And then if I give people directions on how they can do things that are similar and then good things happen, then all of a sudden you get power. And then the last is likeness.

• 6:25Alex Hormozi?

  I know I'm skipping around, but credibility is number three, and I'm going to go in more detail on all these, all right? And then likeness. So what's likeness? So likeness is that you see some, this is some people say relatability. This can be both psychological in terms of you share similar values with this person. You like their vibe, whatever you said, right? You like their behavior setting it. And that behavior set matches to people who have been positive in your life in the past. Or they literally just look like you, right? So like, Leila and I could talk about the exact same stuff, but she's a girl. And so she's going to have more chicks who follow her than me. And so maybe it's because of the topic, but I would think, you know, at my onset, I think, oh, it's because I talked about money. I started with business. That's why I have more male audience. But Leila, I think is like 54% female. And so, and she talks about almost exclusively money and business. Obviously she talks about some mindset stuff too.

• 7:08Alex Hormozi?

  But I say this to say, okay, if we have these four things. And these are the things that create influence. And I would find influence as high likelihood of compliance with requests. Okay, so what does that mean? So if I say, hey, you know, grab my new book, or I say, hey, come to this webinar. Hey, I'm going live, like, come check it out. Or, hey, you should come to a workshop, whatever it is, right? You make some sort of solicitation. It could be like or subscribe, it doesn't matter. Like there's levels of how big of an ask something is. And if anybody's played like a video game, it's like you have like a role for like Dungeons and Dragons. And it like depends on how, how carries matter, how much influence you have, how high of a role or how low of a role, rather, you'd need in order to be successful with the request, right? And so if you want to stack that stack for you, right?

• 7:53Alex Hormozi?

  Then do you want to min max your influence, if you will? Then you want to stack all four of these things. Okay, you're like, okay, I think I'm following with this. So how does this relate to content? So first off, starting from the back likeness. I think so much more of it is just like, just be you. I don't think, I don't think there's any, there's zero ROI in trying to be or act in a way that is different than who you are. And I like, it's, it's a relatively trite message, but like, most people are NPCs. Most people say pre-recorded scripts. They, they look at like the four different outfit, you know, combinations that, that exist for different kind of mental stereotypes. It's like, oh yeah, guy who loves barbecue and craft beers. Oh yeah, that's that, that's that archetype. I'm just going to be that archetype.

• 8:38Alex Hormozi?

  Or you've got like hipster bro who likes hipster shit, right? Or you've got, you know, like just bro, right? He just likes to. Bro and people, some will put me in that status, but I also like for a few years was wearing like sandals that look like really weird. And I wore those and that was not bro-y at all, but I go warm because they were super comfortable and I didn't have to like wear socks, which is a big thing from anyways. But point is, it's like, I think what makes you unique is that you actually lean into the nuances that make you you and actually have a way to defend why you do what you do. Because most people don't even think about why they do what they do. And if you do things and you don't know why, it's not, it's because you're following someone else's directions for your life rather than your app. Weird, like real.

• 9:17Alex Hormozi?

  And so, so much of us have been programmed by people earlier in our lives. And I say programmed as though we're like machines, but think about it like this. What person do you think in your life has super high max status, power, credibility, likeness? Always. Who do you think? Has the highest, has these, has these maxed out earlier on in your life? It's your parents, right? It's your parents. So think about all four of these elements, status. Do your parents control scarce resources, things you want? They've got money? And they've got toys that they can buy you. They've got food. They act like they control your shelter. They control what room you, you live in. They control if there's other people in the room, like they have huge amounts of status in your life because they control all the scariest resources, all the things you want.

• 10:02Alex Hormozi?

  And also to the degree for each of these S P C L, these are not binaries. So don't think like, oh, I have status. I don't have status. It's to what degree do you have status? Right? Like if somebody's got more money than you, they might have some status. If you've got one dollars, if you've got 10 grand, they got more status than you, right? But if someone's a billionaire, they have way more stash than the guy who's 10,000, right? Okay. So again, think not in binaries, yes or no, but think in continuums. So the next one is think about your parents, power. How many reinforcement cycles do you assume? That your parents have from the time you were born. When I say reinforcement cycles, it means like they said, do this. You did that thing and then a good thing happened. Now you might be like, ah, I hate my dad or hate my mom or whatever your thing is. I don't really care. That doesn't matter for this purpose.

• 10:46Alex Hormozi?

  The idea is that they probably said, don't go in the street, or don't do that. And you avoided a bad thing, or do this, and then a good thing happened, right? You tied your shoes the first time, you put the two bunny ears together, you tied your shoes, a good thing happened, you followed their directions. Think about how many times a parent has given you directions, you followed them, and a bad thing was avoided or a good thing happened? Many. And so it makes sense that not only do they have a lot of status, they have a lot of power. Okay, what else do they have? Credibility. Now, this is one where I think parents sometimes might lack compared to the other things. Now, if you have a parent who also has credibility in that specific realm of whatever it is that they're talking about, then you have even more influence on you, right? And then finally, for parents, are they like you? Yeah, they literally look like you, right?

• 11:30Alex Hormozi?

  And oftentimes, they share similar values to you, to a degree. Obviously, some people just go polar opposite from their parents. That's fine, but I'm talking in sweeping generalities for most people, right? And so this should at least explain or break down, like, why do parents have so much power over us? How they have so much influence over our behaviors? Even when you don't even, here's the really kooky part about this. You might not even want to listen to your parents, you won't even like your parents, but you can still feel that you have to resist their requests because you are so programmed based on these elements of behavior to comply with their requests, right? And so then the idea is, how do we take these four elements, right?

• 12:15Alex Hormozi?

  And then how do we reverse engineer these into the content that we have? So that we can build up true influence? Like, and again, we're defining influence as the likelihood of a compliance with a request, right? And that likelihood will depend on the nature of the request, and how much your S P C L is in relation to that thing, right? If I was giving out fashion tips, I probably don't have a lot of credibility for fashion tips, right? I don't know if I control any scarce resources around fashion, I have no fashion hookups. I probably haven't given anyone specific fashion tips. I have no third-party anything for credibility for it, and you probably don't look like me. And so I probably would have very low influence, and so these things- Things are not, I mean, to some degree, they can generalize as you go up and up and up.

• 12:59Alex Hormozi?

  But you have more influence in domain specificity, right? So of course, there's some things that will generalize over time. This is why people go to their hairstylist and they'll listen to them for relationship advice. It's like, how does this person who cuts my hair have anything? I like, why would I trust them in any way on relationship advice or on a stock pick? The thing is, is that there is some degree that generalizes, but it's obviously going to be way more domain specific to whatever their thing is, right? So hopefully this is, this makes some, some sense for you guys. Okay, so if we know these are the four things, status, power, credibility like this. Then for each of these things in our videos, right? We want to demonstrate that we control scarce resources. And so for me, like at the very beginning, if you think about what the intro was, right? So I said, we did, you know, thirty two point seven million views.

• 13:44Alex Hormozi?

  And we did over a hundred and, you know, five point something million dollars in sales for the book launch in seventy two hours. And so that's me demonstrating status. I have these things, right? Then power. So what I'm going to do in this video is I'm going to break down four things so you can follow. And if you follow these things, you're going to be more likely to get people who are going to comply with a future request. And so that means that they're not just going to watch your video, but they're going to be more likely to, one, watch the next video. And if you have any kind of call to action in the video, whatever level of call to action that is for you, whether it's subscribe or like or share. Or, you know, buy something that's small or, you know, set up or call or whatever it is that you sell. Then this is going to be second, right? Like that you'll have included that in your content.

• 14:27Alex Hormozi?

  So that credibility is going to be the third party stuff. So the reason that I had at my launch, for example, I had Guinness, I had to pay those judges, I'd pay three judges twenty four hours to be onsite was because I wanted to validate. That the books that we did and the revenue that we generated was legit, right? So I had a, a third party that most people respect as like a legitimate corporation, that their entire business is based on trust that they validate and verify. Proof that these records are broken. And so that gives credibility. And then with respect to, to the video, status and credibility can seem similar, but because, because so, so commonly the things are linked. What I mean is like, if I say I should have money, I will have some status. But with relation to what this video is about, the credibility component will be more around

• 15:11Alex Hormozi?

  the views that we're able to generate and the sales that we were able to generate from having content. And so money generically gives status. The credibility around the specific that I'm describing, which is like, how do you build influence inside of a video or a personal brand? That's going to be, that's, that's the third, that's the kind of like the objective proof. Does that make sense? Hopefully that's a home separating these for you. One is generic status. The other is going to be specific to whatever we're describing. All right. Now, the likeness piece, like I said earlier, is just you being you. Right? And so that's why I'm actually super pumped in these live streams, because this is like, honestly, way more fun for me. I honestly hate making YouTube videos. And what I mean that is like staring at a camera and having like, you know, prompts to, you know, solicit me to say stuff.

• 15:53Alex Hormozi?

  Like, I will do it because I have a relatively high pain tolerance and I'll do what is required to get what I want. But like, I'm going all in on this. So if you guys are like, what's Alex's kind of like media strategy for the future? I'm focusing on two words. You can write this down. Live, interactive. Those are the two things that's, that is describing the ACQ of 3.0 or most media 3.0 vision for what's going forward. Like, that is what I'm focusing on. And I'll tell you a story of why, why I think this is so interesting. So I had a conversation with a mega influencer, I don't think you would mind, with Mr. Beast a few weeks ago. And we were talking about kind of like the future of media and content. And so one of the things that he was talking about was the soccer game that came up, that they do like UK versus US.

• 16:36Alex Hormozi?

  And I've never watched the game, but you might've seen some like YouTube videos about it. So what ends up happening is that they have all these different celebrities or influencers from different platforms, right? And so, starting from the lowest, the lowest people on this little totem pole, they would walk out in the stadium. And this became the, kind of the de facto, like measuring stick for who had, who had the most cool points, right? These are the A-listers, okay? And so this is your typical kind of celebs from like movies in like 90s and the 2000s or whatever, right? People like, they recognize because they're celebs, but like, they don't have like huge, I guess they have some media presence, it's more like traditional media. The level of applause for these guys was almost nothing.

• 17:15Alex Hormozi?

  Barely anyone cared. So then the next level that came up was the shorts, the shorts creators. So this is your like only TikTokers or people who only make reels, but like only short videos. Okay. And so they had a little bit more applause on the applause meter compared to the A-listers. Then the long form bags came out and this is when the audience got way rowdier. All right. So this is your podcasters, your YouTubers, the people who make long form pieces of content. And I'm going to pause here for a second to kind of like highlight why I think this is. So I don't think there's anything wrong with shorts. We made tons of shorts, but I see the purpose of shorts

• 17:55Alex Hormozi?

  as many times a way to get someone to watch a long, right? They watch a couple, a couple of shorts and then think, okay, this guy seems legit or this gal seems legit. I'm going to risk my time because that's the risk. They're making an investment, right? You're making an investment today. I'm a risk that we get good with journalists, right? And so shorts then need the longs, but let me show you the difference from an influence perspective. How many reinforcing cycles do you think you can have in 30 seconds compared to two hours? It's like not even close, right? And so if someone watched two one hour pieces of content for me, period. Okay. Two one hour pieces, 120 minutes for me to get that same level of exposure and kind of cycles of reinforcing with a prospect. Right. And they were only consuming shorts, right? Let's say my average short, my, do you want my average shortest life wise 15 seconds?

• 18:41Alex Hormozi?

  Let's say 15 for Matt's sake. Okay. So let's say it's 15 seconds. So that means it's four shorts per minute. So if I have 120 minutes for longs, I have to do, someone would have to watch 480 shorts to have the same level of exposure as watching two hours with me. And think about how, how important this is, like what were the things that people said? Like this was the quote podcast election, right? This one that just happened. Trump went on and I don't care about the politics behind it, but I do care about influence and persuasion. And so like, why is it that the two podcasts that I think really nudged this election, my opinion, is the Trump three hour plus podcast that he did with Rogan like a week or whatever it was before, before November, is it November 4th? I think it's November 4th.

• 19:25Alex Hormozi?

  I think Elon getting on Tucker Carlson and doing that interview. I think those two interviews were some of the interviews that really nudged the election. And again, I don't care who you voted for, it doesn't matter to me. I just, again, I think about this for marketing persuasion. Okay. And so because of that, audiences who were not sure got to spend three hours with the president of a candidate. As a result, it just nudged some of them in the direction to ultimately vote. Okay. Now, back to our little story. A-listers have almost no applause, shorts have slut applause, longs have a legit applause, then the live strippers. When the live triage came out, it was like the entire auditorium or stadium or arena erupted. And when I heard that, it was such a visual example of just like, I mean, we have the saying, just like butts in seats.

• 20:10Alex Hormozi?

  Some of you guys who are watching this have, have some level of, of, of following or you make some sort of content, whatever. And some guys who, who don't, like, might as well be stalker, right? But if you just make a bunch of like meme content, right? You demonstrate almost none of these things, right? You demonstrate no stats, you give no people any directions on what to do, so they get no positive results as, as a result in their life as relates to whatever they have anything to care about. You're not demonstrating any kind of credibility. And maybe you have some element of likeness. That way you might have some element of likeness that come from, from a meme sort of, uh, uh, content, right? And so what happens is some of you guys are chasing views when I think you want, is you want to have prospects who are more likely to comply with a future request, right?

• 20:53Alex Hormozi?

  And so we need to change our behavior to maximize the likelihood that occurs, right? And so in, in looking at this thing, this is why I'm, I'm telling you like, showing my cards, I'm going to be doing more live strips. And I think it's also, and this is me like, outside of S P C L, but I think like meta themes overall, is that I think that the internet will always move towards truth. And so I think the A-listers, everything's super curated, everything's super polished, it's photoshopped, it's scripted, right? And as you move closer this way, it's rawer, like you have a three hour podcast, like they're not scripted, right? Or most of them are, right? Streaming, it's like, yeah, we're live, right? Again, to anything, we're live. And so this idea of how can we approximate the rawest reality of you us hanging out,

• 21:38Alex Hormozi?

  right? And actually going through this stuff, I think that is what will unlock the most influence. As long as you are still including these S P C L elements into it. And I think that's the marriage, right? How do I do S P C L and do it as many times as I possibly can? That's the idea. And so why should we provide that that opportunity? Now, let's also think about this real context of volume, right? So whether you like or not, Rogan, tremendous influence, right? To the same degree, P V D, tremendous influence. Dave Ramsey, tremendous influence. What is it that these guys have in common, right? What is it they have in common? They're putting out hours of content every single day. So you guys want to hear something a little bit my boy? So I said earlier, we had 35,000 pieces of content, right?

• 22:22Alex Hormozi?

  Now, I hear plenty of times, there's tons of, you know, one million dollar businesses, two million dollar businesses, things like that. They put out one piece of content a day, right? And there's nothing wrong with that. That's 365 pieces of content a year. And if you think about the size of our business, not common, in terms of our revenue, right? Compared to somebody who's doing one or two million dollars a year, and they're doing 365 pieces of content, we're just quite literally doing 100 times more. That's it. Like, we're literally just doing 100 times the volume. And as a result of that 100 times the volume, what do you think's happening? We get 100 times the prospect. And so a lot, like, people want to try and like outsmart themselves and thinking that they can like, not do the work that's required. But it's actually far more linger than you would expect.

• 23:06Alex Hormozi?

  So like, we just know that one out of 10, you know, shorts is gonna go, you know, is gonna be a true or three X outlier. We just know that math looks like same thing for logs, right? And so it's like, how do I just jam as much into that input output machine as I possibly can? And as long as I'm checking these boxes, like I'm making the right kind of content, then you're going to get the right kind of prospects, right? So I'll give you one more nugget and then I'll, I'll open up for discussion. I don't care who you are, you have to respect that man's level of effort. Like, he's been doing this for under 40 years, 40 years. He's been putting out three hours a day of content. It's like, I don't care what you think about him. Like, the guy works and he's consistent. And the thing is, is and he'll be the first state.

• 23:50Alex Hormozi?

  He's like, I'm it's not like I'm Superman or I'm not like, you know, some rocket scientist here. He's like, but the guy's consistent. And like, I'm telling you, like, if you can unlock consistency, like, you can become an incredibly dangerous competitor. It's wildly underestimated. And so for those of you who are like, starting right now, like, start, like, like, start. You will not make less money by letting more people know about your stuff. Period. Full stop. So you one more nugget, like I said, which is that some of you guys may have heard this. And it's a concept of social media is now turning into interest media. Okay. So what does this mean? Let's unpack this for a second. So if you make content and you judge it by views, I think that's dumb and I'll explain why.

• 24:32Alex Hormozi?

  If I have a grandma huddle, like, come and just do a running slap and just slaps me across the face, that video will probably get views. But does it get the grandma views? No. Does it get me any, any more people who now believe more in my stuff? No. But what it will do is it will show it to people who are interested in humor, which is a lot of people, right? But those might not be your customers and they probably aren't. So assuming you're not an entertainer and you are somebody who's a business person. And if you're, if you're in business, whatever business you're at, e-commerce, SaaS, services, frickin' mortar, doesn't matter. If you sell services to anyone, you're likely going to be educator, not an entertainer. Meaning you're, you're, you're trying to provide value to people to change their behavior in some way and ideally change the behavior that gets them to walk closer to you and buy stuff.

• 25:17Alex Hormozi?

  Okay. So what do I mean by social versus interest? If you want to attract the right avatar, make content for that avatar. That sounds so obvious and simple. And the thing is that no one does it because here's the right or doubter. The content is the targeting. Like, the algorithm is so good now. It knows what you're talking about. It knows it could, it can literally judge your, your background. It judges what you're wearing. It judges who you are and will display it to the people that they know have a history of watching content that is similar to that, that people find valuable. And so if you're making stuff about how to fix pianos, because you're a piano repenter guy. Then you will have people who are trying to fix their pianos, right? Where they're making, or maybe they're making a purchasing decision relative to pianos.

• 26:02Alex Hormozi?

  Maybe they want to see which ones break the leash or whatever. But if you're making that type of content, you might be like, man, I'm only getting, you know, a thousand views of video. It's like, yeah, but the market of people who are buying pianos might be significantly smaller than the market of people who just want to be entertained or distracted. So it's not fair to, to compare your views against Mr. Beast. It doesn't make any sense, right? And so if I were to think to myself, like, I have a room of a thousand people that are going to watch this and all of them are only interested in fixing pianos? That's a hell of an opportunity. I care so much more about IRL responses. So what I mean by that? If I look at video and then I get texts from business owners that I like and that I respect being like, yo, that was fire. Then I'm like, okay, I'm on the right track. And so some of you guys, let me know the comments.

• 26:45Alex Hormozi?

  You guys have seen a format that we talked about, we call Cash Gals. But basically it's me, there's a business owner that presents a little about their business and they come to the side and we talk about how like, how to improve their business, right? So let me know the comments if you like that style. And if you do, let me know if you're a business owner or not. Okay, so I like that style and I'm not a business owner. I like that style and I am a business owner, or I don't like that style and I'm a business owner, or I don't like that style and I'm not a business owner. Here's the reality of it. Whenever people are here in person at our headquarters, right? You were like that style in your business. Okay, great. Yes. Okay, yes, exactly. So if, if you are a business owner, what I have people who are here in person, IRL, in real life in Vegas, right? Business owners who fly out. I ask, I say, what is your favorite type of content? Dollars to donuts. That's their favorite type of content.

• 27:31Alex Hormozi?

  And so I make more of that, even though, and it would make sense. Like, it would make sense that there's fewer of those people, right? Because just think about math. So let's say that a hundred percent of people, like this represents a hundred percent, uh, let's just use USA because I already know all the numbers for USA. Okay, so let's say this is 100%. All right, you get a hundred percent of people are interested. Okay, well, right now only nine percent of people even own a business. Like 9%. So right off the bat, I'm going to have a huge percentage of people that aren't my ideal audience. Now, of course, I do have people who are business interested and that's why I'm a co-founder of school and we give people, you know, a way to go start a business online in a little cost way, right? Which you can do, it's nine bucks a month after a 14 day trial. You guys can check it out.

• 28:15Alex Hormozi?

  There's a bunch of like training and community and all that good stuff. All right, but you can go to school.com, I think forward slash promozy. I think it's below this video. Doesn't matter. Point me. 9% is what I'm competing for. Okay, now, there's, that means that there's about 32 to 33 million business owners in the US. Okay, 32 million, that's, that's 100% of all business owners. Now, within that, 95% of that 9% is below $1 million in revenue. 95%. So then, then I've got 5% of that 9% that are over a million. If you want to get weird with it, what percent do you think is over 10 million? 0.4%, 1 in 250. 0.4%.

• 29:01Alex Hormozi?

  And then 100 million, nine figures, is I think 1 in roughly 3,000, depending on like your data source. 1 in 3,000 businesses gets to 100 million a year, this bit. And so it would make sense then, that we've given these numbers, right, 9% is, is 32 million. So out of 5% of that is going to be a million and a half people. There's only a million and a half people who are business owners who are over a million, based on the math that, that, that, that this is sensitive data. Maybe there's this incorrect, but that's the mix, right? And so if we're looking at that's the market, then it would make sense that I'm not going to get all 100% of them to watch my video, right? If I got one and a half million views and 100% of them were business owners, that'd be insane. Right? And so it would make sense that like, if I get 100,000 views on a video

• 29:43Alex Hormozi?

  that has, that's really made for that level of business owner, then I'm crushing it. Right? And it doesn't make sense to look at, you know, Mr. Beast's video with 100 million views and be like, oh man, I suck. It's like, dude, we're, we're going after, we had different, we had different games, right? And so I'd encourage you to create accurate expectations of the size of the market that you're going after. And also think about the translation of these numbers into IRL, real life. Because when I started out and I was making YouTube, like I started zero to say everybody else did. And I remember saying like, I was like, can you believe, like, can you imagine there's going to be a time where you get 10,000 views on a video? I remember saying this, I was like, dude, we're going to get 10,000 views in 24. It's going to be sick. And that was because at that time I was getting like a thousand views in 24 hours.

• 30:25Alex Hormozi?

  Right? But for me, I was like, 1,000? Like I worked in real life. I had brick and mortar. So for me to get a thousand people in a room, I was like, my God, I would do. Lunch and learns with 15 people, right? So I got 15 views. I was like, hell yeah. I mean, I would do this in person and this is just being convenient for them. So it's at home, right? And so I bring this up so that you don't judge one, the number of views. It's way more important to have quality of views. I have two businesses that I looked at in the last year that were doing over a million dollars a year with less than $5,000 followers. There's another business that's a B to B insurance company that I that I invested in that I don't want to show the numbers, but okay, I won't show. I'll just say many millions on like $10,000. I'll just leave it there. All right. And so like you absolutely can make plenty of money with a very small following as long

• 31:08Alex Hormozi?

  as you make content that's directly valuable for that following. All right. With that being said, we just went over S P C L status, power, credibility, likeness. What do you want to include in videos? Why I'm going all in on live stream and why the whole point is you want to get as much time with your prospects as soon as possible. You want to make the topics of your content based on the things that those people find interesting, not based on like being social, but being interesting. If you make it interesting for them, they will keep watching it. And then being realistic about your expectations on how many views you can get based on your size of market.