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๐Ÿ“‰ How does lowering prices impact customer churn?
Reflect on Alex Hormoziโ€™s experience when he lowered prices and also added extra services. Did this change decrease his customer churn rate? Use his results to support your thoughts and share your insights in the comments below. Discuss if modifying pricing or adding services could affect customer loyalty in your business. Aim your response to be between 25 to 100 words. Engage with the community - comment on 2 others and like 3 more posts. Discover diverse perspectives and deepen your understanding! Link to Course Module: https://www.skool.com/acquisitionuniversity/classroom/1afdb531?md=b0edee99c4744079b54221a58686c422
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New comment 1d ago
๐Ÿ“‰ How does lowering prices impact customer churn?
โ“How would you approach personalizing business solutions to improve client satisfaction?
Reflecting upon the importance of personalized solutions for clients as shared by Leila Hormozi, think of a strategy that could be implemented in your business to enhance client satisfaction. How might this approach differ from a one-size-fits-all solution? Share your thoughts in 25 to 100 words below, reply thoughtfully to at least 2 peer comments, and show your support by liking 3 comments that resonate with your perspective or offer insightful viewpoints. Link to Course Module: https://www.skool.com/acquisitionuniversity-6827/classroom/0ffa5755?md=3e06821995504a809836ee035b1be502
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New comment 4d ago
โ“How would you approach personalizing business solutions to improve client satisfaction?
๐Ÿ” Churn Checklist: Alex Hormoziโ€™s 14 Strategies ๐Ÿ’ช
People sign upโ€ฆ then they cancel. If you want growth, you need to keep members engaged. Hereโ€™s a 14-step checklist from Alex Hormozi to help you lower churn and keep people around. 1. Cancellation Video ๐ŸŽฅ๐Ÿšซ When someone clicks โ€œcancel,โ€ play a video explaining what theyโ€™ll miss. Sometimes a reminder of the value theyโ€™re leaving behind can make them reconsider. 2. Find the Activation Point ๐ŸŽ‰๐Ÿš€ The โ€œactivation pointโ€ is the first โ€œaha!โ€ moment. Identify what this is for your product and get members there fastโ€”first wins make lasting members. 3. Onboarding Calls โ˜Ž๏ธ๐Ÿ‘‹ Welcome new members with a call. This brief touchpoint makes them feel supported and less likely to cancel. 4. Time Unlock โณ๐Ÿ”“ Release content gradually to keep members coming back. Drip-feeding prevents overwhelm and encourages long-term engagement. 5. Level Unlock ๐ŸŽฎ๐Ÿ“ˆ Create levels with new perks or tools at each step. The sense of progress keeps members motivated and invested. 6. From Guru to Community ๐Ÿ‘ฅ๐Ÿ’ฌ Members might join for you, the โ€œguru,โ€ but keep them for the community. A space for connection fosters loyalty. 7. Encourage Pausing, Not Canceling ๐Ÿ’ต๐Ÿ’ธ Offer a โ€œpauseโ€ option instead of outright cancellation. Many people just need a breakโ€”not a full exit. 8. Smart Pricing Tactics ๐Ÿค‘๐Ÿ’ฐ Offer discounts for longer commitments. A smart pricing structure can be the difference between staying and canceling. 9. Build a Positive Culture ๐Ÿ†๐Ÿ”ฅ When members feel part of something bigger, theyโ€™re more likely to stay. Share success stories and celebrate wins. 10. Value-Pricing Balance โš–๏ธ๐Ÿ’ต Price to match value. Members who feel theyโ€™re getting a fair deal are more likely to stay. 11. Regular Community Calls ๐Ÿ—ฃ๏ธ๐Ÿ’ป Hold calls where members can ask questions, share wins, and get feedback. A connected community is a loyal one. 12. Target High-Retainers ๐ŸŽฏ๐Ÿ™Œ Analyze who stays longest and why. Target more of those typesโ€”quality over quantity pays off. 13. Reduce Overwhelm ๐Ÿ˜ต๐Ÿ“‰ Donโ€™t drown members in information. Simplify and provide value in stages to prevent churn.
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New comment 5d ago
๐Ÿค How will you ensure your business partnership values align?
Drawing from Alex Hormozi's insights on how misaligned values can torpedo a partnership, consider what core values are critical for your business and potential partners. Reflect on the importance of shared mission and values that Hormozi emphasizes and identify the key values you would look for in a partnership. Share these values in the comment section below, keeping your response between 25 to 100 words. Feel free to engage by commenting on 2 different comments and showing your support by liking 3 other insightful comments. Link to Course Module: https://www.skool.com/acquisitionuniversity/classroom/1afdb531?md=2a871df2487445bc898eddc81cb3b65d
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New comment 7d ago
๐Ÿค How will you ensure your business partnership values align?
๐Ÿ“Š How do you calculate your business's LTV to make better decisions?
Alex Hormozi's video teaches about calculating a customer's lifetime value (LTV) with approaches such as sales velocity. Understanding LTV helps you make informed decisions about resource allocation and business strategies. Reflect on Alexโ€™s methods and share how you would apply an LTV calculation in your business. Please concise your response to 25-100 words in the comments. Engage further by replying to 2 comments, and donโ€™t forget to like 3 comments that provide new insights! Link to Course Module: https://www.skool.com/acquisitionuniversity/classroom/1afdb531?md=43e8413434e34e048d83f0bd6b74ad63
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New comment 12d ago
๐Ÿ“Š How do you calculate your business's LTV to make better decisions?
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