The Game w/ Alex Hormozi

Just remember that basically. No one knows you. Even when you think everyone does, no one does. Today, Alex (@AlexHormozi) talks about one of the earlier mistakes he’s made in his career which is not understanding how big the marketplace is and the players in the industry. He also talks about how you can avoid thinking that all eyes are on your business and unnecessary “peer” pressure.

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:

(2:05) - Not everyone realizes that the size of the pie (or the players in the industry) is so big. The downfall of this is that you tend to focus too much time and effort on just one competitor instead of not caring

(3:21) - Because you focus on the activities of one or a few competitors, you end up shifting directions. You become reactive to what they do and think of how you can do better. This confuses your audience

(5:19) - In reality, it’s you and a hundred more businesses splitting a slice in a certain platform (ex. Facebook ads) and there are other slices that exist. We need to be open-minded rather be reactive

(7:27) - Just remember that basically, no one knows you. Even when you think everyone does, no one does.

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The "Size of The Pie" Fallacy | Ep 239