In this monologue podcast, Alex Hormozi shares a strategy to increase leads and sales without increasing advertising spend. He introduces the concept of a "lead magnet," which is a mini-offer that provides a complete solution to a narrow problem, typically lower cost or free. Hormozi explains why lead magnets work, detailing three types: revealing a problem, offering a free trial, and providing one step in a multi-step process. He also covers four ways to deliver a lead magnet (software/tools, information, services, and physical products), how to name it effectively, and how to monetize it through clear and frequent calls to action.
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