I Built a $10 Million Trash Collecting Business in 36 Minutes

Alex Hormozi

Alex Hormozi

36 min, 46 sec

The video details the process of starting a successful trash collection business from scratch.

Summary

  • The narrator emphasizes reaching out to personal contacts as a starting point for the business.
  • Techniques for persuading and gaining initial customers by offering free services are demonstrated through a simulated phone call.
  • The importance of creating engaging content for free and paid advertising to attract customers is explained.
  • Strategies for cold outreach and dealing with rejection are covered, as well as leveraging initial success for further growth.

Chapter 1

Introduction to Starting a Business

0:00 - 5 sec

The introduction outlines the narrator's intention to start a trash collection business and the key points to be discussed in the video.

The introduction outlines the narrator's intention to start a trash collection business and the key points to be discussed in the video.

  • The narrator introduces the idea of starting a $10 million trash collecting business.
  • The intent to cover necessary steps for starting a business is expressed.
  • The video is targeted at viewers interested in starting their own businesses.

Chapter 2

Gaining Initial Customers

0:08 - 1 min, 18 sec

The narrator explains the first step to acquiring customers by leveraging personal contacts.

The narrator explains the first step to acquiring customers by leveraging personal contacts.

  • The process starts by reaching out to personal contacts listed in one's phone.
  • An example conversation with a friend named Caleb is given, where free trash collection service is offered in exchange for feedback or a review.
  • The approach demonstrates how to offer services to friends and ask for introductions to potential customers.

Chapter 3

Creating Engaging Content

1:32 - 5 min, 7 sec

The video showcases the creation of engaging content to attract customers and the analysis of effective communication strategies.

The video showcases the creation of engaging content to attract customers and the analysis of effective communication strategies.

  • A scenario is created where the narrator is dressed for a wedding, leveraging the attire to draw interest.
  • The content includes a breakdown of a simulated scenario to demonstrate effective sales techniques and communication.
  • The importance of creating content that provides value and engages the audience is highlighted.

Chapter 4

Cold Outreach Strategy

15:05 - 9 min, 8 sec

The narrator presents methods for approaching strangers to offer services, including door-to-door sales techniques.

The narrator presents methods for approaching strangers to offer services, including door-to-door sales techniques.

  • Demonstrates knocking on doors and convincing strangers to try out the trash service.
  • The narrator discusses the psychology of cold outreach and how to handle rejection.
  • Strategies for leveraging existing customers to gain trust with new prospects are explained.

Chapter 5

Running Paid Ads

27:29 - 9 min, 15 sec

The final section focuses on creating paid advertisements to reach potential customers on various platforms.

The final section focuses on creating paid advertisements to reach potential customers on various platforms.

  • The video demonstrates creating a paid ad with hooks, meaty content, and a strong call to action.
  • Different strategies for the ad's hooks are shown to appeal to various pain points of the target audience.
  • The effectiveness of paid advertising in reaching a larger, targeted audience is emphasized.

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