Margin Madness | Ep 219

Protect your profit! Today, Alex (@AlexHormozi) talks about a mistake that business owners constantly make when it comes to the pricing of their products or services, why it’s more important to learn the skill in sales, and how to strategically negotiate for discounts.

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 on his path from $100M to $1B in net worth.

Timestamps:

(1:00) - Alex shares story about co-worker's costly discount mistake

(4:04) - Improve sales skills, avoid fixed mindset and price changes

(6:16) - Know business costs, don't negotiate with "terrorists", protect margins

(7:38) - Learn to sell better, provide payment plan, protect margins

(11:20) - Alex shares secret to negotiating prices and discounts

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