You Only Need 10 Clients At $1K/Mo To Make Your First $100K A Year
Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
Пікірлер: 93
I've started to do this with my content company last month! Now on 2k/month, the 10k target is coming closer and closer :) Thanks for the great advice on your channel Alex it really helps out a lot!
@LazerrickRobinson
2 жыл бұрын
How are you going about getting clients?
@giovannigarcia10
2 жыл бұрын
@@LazerrickRobinson I get my clients from running FaceBook Ads
@JakeDownton
2 жыл бұрын
how do you get clients?
@lunkee6972
2 жыл бұрын
@@JakeDownton literally in the comment right above. Read.
@JakeDownton
2 жыл бұрын
@@lunkee6972 check who the comment is at?
You only need 10,000 clients at. $1/mo
@stephengoodin9584
2 жыл бұрын
You only need 20,000 clients at $.50/mo
@MakeBanco
2 жыл бұрын
You only need 100,000 clients at $0.10/mo
@pamelah6431
Жыл бұрын
You only need one client at $100k/yr.
@MaccusFNS
Жыл бұрын
yeah... go start the gang of beggars
@jenninemorel7693
Жыл бұрын
It's actually cool that y'all are doing the math here because you can now wrap your mind around how many clients you need at any given amount to hit your revenue goals. I do this exercise with my clients when I'm helping them develop thier revenue projections.
Doing leads/closing rn and we’re looking to upsell on content creation and management in the future, as you said it’s a harder sell so give them an easily quantifiable service, over deliver, and upsell 😊
Just stating numbers sounds easy but the execution is the challenge. Exactly how do you deliver $1,000 plus of value to customers every month? Would weekly TikTok videos or images on Instagram be worth $1,000? Would you need to shoot and edit multiple videos throughout the week? What kind of content would you put in the videos? Would you give them a script or have them create their own? Would you have to hang around the offices of 10 different clients throughout the day to try to capture something worth sharing on social media? How would you show the effectiveness of the campaigns? The math is the easy part.
@blazein210
Жыл бұрын
Very good question. 2 ways imo: 1)Self evaluate & figure out what you enjoy or consider a hobby. Research businesses providing services around that & then look for companies with sub par e-commerce presence. You will literally trip out when you start spotting little to no Web presence with companies doing numbers annually. 2)hyper focus on businesses that make 1k plus per transaction minimum. You can justify 1k a month starting because of the R.o.i upside of brand awareness which equals more client acquisition in time. This gives you leverage because now you can explain the shadow Web effect like Sensei Hormozi said.. You can now justify $1000/month, & as you get better your price will increase. After you find the niche, you gotta be willing to devote solid time daily learning the machine so you can speak fluently and ACUALLY have an understanding of the companies mission. Just thinking out loud.
@TheoriginalBMT
Жыл бұрын
Lol. It's the easy part. But doing it... You figure out these issues
@rockyblumble
10 ай бұрын
The value also depends immensely on who the customer is. I recommend reading alex's 100m offers book.
See, I took home about 160k last year building elevators. But I spend so much time working that I don’t even know where to start or if it’s even necessary to do this shit
@cxa011500
2 жыл бұрын
Perhaps you could make an online course showing people how to do what you do or instructing building owners how to manage their elevators.
@isaiahj3968
Жыл бұрын
You looking for workers?
Done! This is what I do, new price 997 a month ☺️
Is there a full version of this?
@flameynoob
Жыл бұрын
Yah why the shorts have no links to the main video. T^T I know it's free but pleaseeee
Great shorts!
where is the full video
Solid advice! The problem is that you run the risk of being commoditized, and profits go to zero. I'd instead start in business by positioning myself as the "go-to person for X", and charge $5k-$10k for delivering a transformation that creates long-term raving fans (+ additional business).
@LisetteZ3
2 жыл бұрын
You’d have to sell all the time, while with Alex’s advice, you only have to sell once and than you have monthly revenue coming in, until the client leaves
@multimalves
Жыл бұрын
Sure! Codependent relationships is so urgh I have a client right now that I just want to stop talking to, the money tho
Link to the full video?
You only need 100 people to give you a dollar to earn $100. A lot of people don’t realize this. Enjoy wealth.
@AS-ie6id
2 жыл бұрын
Fax. The cashapp method has been doing bits for me
What Service can I offer to be able to charge 1k per client or what skill would give me that?
@TheoriginalBMT
Жыл бұрын
Something to think about eh? Or just Google it?
@Lockface77
Жыл бұрын
He said it in the video: « social media presence » As Alex said you can say « I will give social media presence for your company for 1k$ a month » 1k$ a month is not much for a company and every company « feel » like they need social media presence
@heroricspiritfreinen38
Жыл бұрын
@@TheoriginalBMTshut yo GOOFY ass up
You only need 10 people bro your a genius!
@matthewbrooks5756
2 жыл бұрын
Dead
@perseuscameron
Жыл бұрын
You're*. But obviously you're a genius, bro.
You only need 1 million clients at 1 penny per month to make 10,000 dollars a month.
I'm dumb right now to understand what Alex is saying. I should step up my game, do my work, read about business and then watch
@multimalves
Жыл бұрын
Branding awareness is easier to deliver (don't know why, or easier than what, but he also didn't say it) But although it's easier, it's harder to get clients, first you need to make people BELIEVE they want to be active on social media and build their brand. And you need to make them believe that's something that takes time, and that's working even when they don't see the results or that even with results it's better to keep going because there's benefits they don't see: basically make them believe they need and that they need you "forever" If they think they don't need you, they won't pay you If they think they already got the results they wanted, they will stop to pay you So make them need you for as long as you wish A codependent relationship really
Or 100 clients that pay $100 a month.
Ideas
Wait can someone explain this to me? I’m having a hard time understanding so please explain it as simply as you can
@ye9803
2 жыл бұрын
brrrrrrrrrrrr
@Luka-to8kc
2 жыл бұрын
@Dimitrije Protic A quick solution: Spend $500-$3k on courses to very quickly learn the skills and save a ton of time. Now you have a clear plan on how to manage TikTok/FB/IG etc with confidence. Heck, even do it for free for the first 2-3 people to get real-life experience that you can make a case-study of when pitching to others.
@DefeatLust
2 жыл бұрын
@Dimitrije Protic thank you!
10 x 1000 x 12 = 120k
@AS-ie6id
2 жыл бұрын
Plus costs. But I think he’s just averaging it so basically it’s at least… cuz the 100k is a good title
I know I need it branding and awareness. But can’t find a good company to use.
@giovannigarcia10
2 жыл бұрын
I can help you. I do micro-video content along with boosting postings on social media. To build up your branding and awareness.
I predicted this video, i am already working on it with my channel 😂
The math doesn't add up. He says need 10 people with $1000 to make 100k. But, 10 people with $1000 makes only $10,000 🙄 🤔
@multimalves
Жыл бұрын
10 people x 1k x 12 months ≈ 100k
@Mike-yc7jc
Жыл бұрын
He also says nothing about the costs involved in acquiring those clients.
What is Shadow effect?
@AlexPerazaTV
2 жыл бұрын
Something that causes an effect but happens in the shadows
@phredbookley183
2 жыл бұрын
@@AlexPerazaTV I've never heard of that. Thank you
Exactly what I'm doing atm. $7,000/monthly content packages 😬😬😬
@gabrielsaucedo3786
Жыл бұрын
hi bro, can u explain your business model to me? id like to know more
@garfunkle660
Жыл бұрын
What content do you sell?
40% tax says nope
@Ciêncianaveia1
Жыл бұрын
That’s why you won’t do it bro, thinking small. Stop complaining man.
He looks like he's on steroids
@LifelsGreat
2 жыл бұрын
He is, TRT. He’s open & honest about it.
@ye9803
2 жыл бұрын
genetics bro
@shanedottie
2 жыл бұрын
@@ye9803 no lol
Actually you need 9 at $1k/mo to reach excess of $100k.
@colton4844
2 жыл бұрын
actually no hypothetically speaking you only hypothetically need in a hyperbolic time chamber 8.3~(repeating) clients at $1k a month
@jubairtayib8312
2 жыл бұрын
@@colton4844 good reply bro 😂
@calculatormaster
10 ай бұрын
@@colton4844😂😂
How bad is he balding? Is that why he always wears a hat?
So just hustling people? Doesn’t sound like much value
@boomerang-digital8514
2 жыл бұрын
You're not hustling anyone if you're getting helping them scale their social media.
@TYLERORTIZ2021
2 жыл бұрын
Boomerang-Digital Boomerang-Digital not what I heard in the video, sounded like adjust your price and manipulate the clients expectations. But I agree more views and engagement would be beneficial
@TYLERORTIZ2021
2 жыл бұрын
Drew Scrivers what?
@TYLERORTIZ2021
2 жыл бұрын
Drew Scrivers Okay now I understand. No I’m not upset at this guy I just believe in getting a quality product. So I’m curious to where the value is. Take Tesla for example, it’s the best car available in terms of driving experience and pretty reasonable price. CEO richest guy in the world Elon Musk doesn’t spend a single dollar on advertising, just makes the best product and trust wom marketing. But to be clear yes I agree most of the worlds largest businesses are manipulative unethical and don’t give a damn about the consumer
@TYLERORTIZ2021
2 жыл бұрын
Adam Papp Haha you’re joking a Porsche can’t compete not even close. Go look up Joe rogan talk about the 2 he owns both. Bro you’re trying to sound smart and ur not. Now go pay someone for “social media engagement” I’m sure your business will take off. And until you actually drive a Tesla you can’t comprehend what I’m talking about. The Porsche is nearly $75k more. You don’t know what ur talking about bud
My idea would be to market small businesses at 1k/mo get multiple clients
@Mike-yc7jc
Жыл бұрын
As a small business owner I would pay a certain amount for clients who have booked, and a much smaller amount for getting views on my ads.