Alex Hormozi explains that to make more money, you need more leads. You get leads by giving away free stuff. Free things attract people and create high demand. This leads to more sales.
-- π Offer valuable free resources to attract leads.
- π Understand the value equation for success.
- - π Create irresistible offers to boost demand.
Boosting Lead Generation Through Free Offers
In the video "Why You Can't Get Leads" from Alex Hormozi, he explains that you're not making as much money as you want to make because you're not getting as many leads as you need to sell things to. You're probably not getting as many leads as you require because you're not giving away enough free stuff. Fundamentally, if you give something away for free, you will almost always have demand for it. If it's good, you'll have exponential demand for it because the value equation gets broken when you give away free stuff. The value equation has four variables: the dream outcome, which is what somebody wants; the perceived likelihood of achievement, which is if I buy the thing, how likely is it that I get the result that I want; the time delay between when I buy and when I get the result; and effort and sacrifice, which is how much work am I going to have to do and how much stuff am I going to have to stop doing that I like doing as a result of making this purchase. If I don't have to do anything, if it's guaranteed and immediate, then you have an incredibly valuable offer. If you make it free, then you get insane demand, which translates into leads.
Create free value to attract leads. When you give away high-quality resources, potential customers see the benefit and recognize your worth. With demand soaring, your sales will follow.
In his insightful talk, Alex Hormozi emphasizes the power of offering valuable content for free to generate leads. By addressing the critical components of the value equation, he elaborates on how providing high-quality giveaways builds trust and attracts potential customers. When you present something of genuine worth at no cost, you lower barriers for your audience, enhancing their interest in your paid offerings. Hormozi's strategies can empower you to rethink your approach to lead generation, focusing on value creation as a magnet for attracting prospects.
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