Being a good entrepreneur and leader ATTRACTS good outcomes. Today, Alex (@AlexHormozi) talks about how you can get people to do what you want them to do through incentives. Learn how to properly decide on what incentives and punishments you can implement to gain success.
Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.
Timestamps:
0:40 - How you can get people to do things you want them to do through incentives.
2:16 - The plus and minus on how to properly give incentives.
4:28 - Incentives drive behavior! However, punishment makes them avoid doing what you want them to do.
6:40 - Positive feedback makes performance improve.
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