Book Notes/$100M Leads: How to Get Strangers To Want To Buy Your Stuff
Cover of $100M Leads: How to Get Strangers To Want To Buy Your Stuff

$100M Leads: How to Get Strangers To Want To Buy Your Stuff

by Alex Hormozi

23 popular highlights from this book

Key Insights & Memorable Quotes

Below are the most popular and impactful highlights and quotes from $100M Leads: How to Get Strangers To Want To Buy Your Stuff:

Masters never don’t do the basics.
there’s no award for who works the hardest, only for who gets the best results.
Businesses solve problems. Businesses make the world better. There are too many problems for any one person to solve.
Doing the thing that scared me most - giving away my secrets - led to the biggest breakthrough in my life.
First, if your audience has a problem they don’t know about, your lead magnet would make them aware of it. Second, you could solve a recurring problem for a short amount of time with a sample or trial of your core offer. Third, you can give them one step in a multi-step process that solves a bigger problem. All three solve one problem and reveal others. So your three types are: 1) Reveal Problems, 2) Samples and Trials, and 3) One Step Of A Multi-Step Process.
Main point: don’t be afraid of what other people think. If someone won’t speak at your funeral, you shouldn’t care about their opinion while you’re alive. Honor the few who believe in you by having courage.
Sometimes, though, people want to know more about your offer before they buy. This is common for businesses that sell more expensive stuff. If that’s you, then you’ll often get more leads to engage by advertising with a lead magnet first.
We want engaged leads: people who *show* interest in the stuff you sell.
If you cannot explain something in simple terms, then you don’t understand it.” - Dr. Richard Feynman, Nobel Prize Winner in Physics
But what I came to realize was - leads alone aren’t enough. We want engaged leads: people who *show* interest in the stuff you sell. If someone gives their contact information on a website, that is an engaged lead. If someone follows you on social media and you can contact them, that is an engaged lead. If people reply to your email campaign, they are engaged leads. The leads showing interest are the leads that matter. Engaged leads are the true output of advertising.
Remember, we want to get rich, not just “get by.
We start by picking a problem that’s narrow and meaningful. Then, solve it. And, like we just learned, when we solve one problem, a new problem reveals itself. Here comes the important part- if we can solve that new problem with our core offer, we’ve got a winner. This is because we solve this new problem in exchange for money. That’s it. Don’t overthink it.
the right way.’ Each went something like this: Step 1: They got me excited about all the new leads they would bring.  Step 2: I’d go through an onboarding process that felt valuable (and sometimes was).   Step 3: They assigned their “best” senior rep to my account.   Step 4: I saw some results.  Step 5: They moved my senior rep to the newest customer...  Step 6: A junior rep starts managing my account. My results suffered.  Step 7: I complained.  Step 8: The senior rep would come back once in a while to make me feel better.  Step 9: Results still suffered. And I’d eventually cancel.  Step 10: I’d search for another agency and repeat the cycle of insanity.  Step 11: For the zillionth time–Start wondering why I wasn’t getting results like the first time.
Reminder: You get rich from what you make. You become wealthy from what you own. And it took me years to realize this because not that long ago...
You run a speed test that shows their website loads at 30% below the speed it should. You draw a clear line between where they should be and how much money they lose by being below standards.
A person who pays with their time now is more likely to pay with their money later.
Okay everyone. So here’s the ad account of a gym we just launched. Here are the ads we ran. This is how much we spent. We sent them to this page with this offer. You can see how many leads we got here. They got this many people scheduled. This many showed. This is how many they sold. This is how much the gym owner made. This is everything we did. If you want help setting something like this up, we’ll do the whole thing for free. And we only get paid off the sales you make. If that sounds fair, book a call.
3) One Step Of A Multi-Step Process.
lead is a person you can contact. That’s all. If you bought a list of emails, those are leads. If you get contact information from a website or database, those are leads. The numbers in your phone are leads. People on the street are leads. If you can contact them, they are leads.
How do I know if they’re interested?” → Make them an offer.
Thankfully, the give : ask ratio has been well-studied. Television averages 13 minutes of advertising per 60 minutes of air time. That means 47 min are dedicated to ‘giving,’ and 13 min are dedicated to ‘asking’. That’s roughly a 3.5:1 ratio of giving to asking. On Facebook, it’s roughly 4 content posts for every 1 ad on the newsfeed.
Seven Steps To Creating an Effective Lead Magnet Step 1: Figure out the problem you want to solve and who to solve it for Step 2: Figure out how to solve it Step 3: Figure out how to deliver it Step 4: Test what to name it Step 5: Make it easy to consume Step 6: Make it darn good Step 7: Make it easy for them to tell you they want more
Think of it like salty pretzels at a bar. If somebody eats the pretzels, they’ll get thirsty and order a drink. The salty pretzels solve the narrow problem of hunger. They also reveal a thirst problem solved by a drink, which they can get, in exchange for money.

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