Alex Hormozi explains that only 49% of appointments show up. He wants this number to be 70%. He sees the 40% difference as a big chance to improve without extra effort. Big wins matter.
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Set clear benchmarks for success.
- ๐ Identify key constraints for improvement.
- - ๐ Focus on high-impact growth opportunities.
Enhancing Appointment Attendance Rates
In the video "How to Increase Your Show Rate" from Alex Hormozi, he discusses how their number was 49% of appointments showing up. What we wanted them to be at was 70%. This is our benchmark where we would say, "Okay, this isn't a problem anymore." Now, do we want to improve things? Absolutely, but where are we going to allocate our effort at the constraint? This was a constraint. This delta is a 40% difference. Forty percent is a lot. Think about the S&P 500; they're like, "We're trying to grow 9% a year." It's like, "Boom! I unlock that 40% growth. I don't have to do anything else for like four years in the S&P." Big wins; that's what we look for.
Most teams struggle with appointment show rates. By focusing on the 40% gap, you can unlock significant growth without overextending your efforts. Targeting constraints boosts your results efficiently.
In the engaging presentation by Alex Hormozi, he outlines strategies to elevate appointment show rates by learning from existing gaps, emphasizing the value of understanding your audience and streamlining communication. He illustrates that even a small increase can yield significant revenue growth over time, underscoring the necessity of identifying actionable insights. By adopting his recommendations, you can not only improve engagement but also foster trust and commitment from your clients, streamlining your operations for long-term success.
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