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[The Power of the 'Pick Your Price' Attraction Offer]-[19. Attraction Offer. Free Pick Your Price. | $100M Lost Chapters Audiobook ]

The Game with Alex Hormozi · B2 · 2025-11-15

Business
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📋 Summary

The Strategy of the 'Pick Your Price' Attraction Offer

In this episode, the author explores a powerful marketing strategy known as the "Pick Your Price" offer. Rooted in a real-world experience during the COVID-19 lockdowns, this approach leverages goodwill and human psychology to convert leads while maintaining profitability.

The Origin: Goodwill as a Catalyst

During the pandemic, the author encountered a "free car wash" that accepted donations for staff. Despite the service being free, the staff successfully solicited contributions that exceeded standard market rates. The author highlights that this worked because it transformed a standard transaction into an act of supporting the "American dream" and helping families in need. This "goodwill play" proved so effective that the author successfully adapted it for gym businesses, achieving an average ticket price of $99, which outperformed traditional low-barrier offers.

Core Mechanics: How to Execute

To implement this strategy, businesses should follow a structured process:

  1. The Free Hook: Market the primary service as free to lower the barrier to entry.
  2. The Upsell (Pick Your Price): Once the prospect is engaged, present the opportunity to contribute. Frame it as a way to help staff or support the organization.
  3. Tiered Bonuses: To increase the average transaction value, create three levels of investment (small, medium, large). Explain that higher investments yield better results and additional bonuses. For example, in a weight loss program, paying $499 might guarantee a 10-pound weight loss, whereas paying $0 only provides basic access.
  4. The "Shut Up" Rule: After presenting the pricing options, the most important step is to stop talking. Silence forces the prospect to make a decision, leading them to reach for their card.

Vetting Prospects through Confrontation

While the offer is generous, it is also a screening tool. The author emphasizes that this is not just about sales; it is an "interview." By asking "confrontational questions"—such as "Are you willing to change the way you do X?"—businesses can weed out non-committed clients. The goal is to find individuals who are both willing to pay and genuinely committed to their own results.

Why It Works

  • Psychological Control: People feel in control of their destiny because the payment is a choice, not a demand.
  • High Conversion: Because it is framed as a low-risk, high-goodwill interaction, the conversion rate is significantly higher than traditional sales funnels.
  • Low-Trust Environments: This strategy excels in markets where trust is low, as the "free" entry point minimizes the perceived risk for the customer.

Pro Tip: The Hybrid Model

For businesses looking to balance charity with commerce, the author suggests a "paid version of pick your price." Inspired by an art gallery, this model sets a price range rather than a zero-dollar floor. Because humans generally avoid appearing "cheap or unsupportive," most customers will pay above the median price.

Ultimately, the "Pick Your Price" offer is a sophisticated tool that builds long-term relationships. By prioritizing goodwill and transparency, businesses can attract high-quality leads while creating a memorable and positive customer experience.

🎯Key Sentences

1
I wonder what the deal is.
2
There's got to be something.
3
Want to check it out?
4
He pointed at the pricing chart and exhaled his spiel
5
Then he shut up and said nothing.
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📝Key Phrases

1
goodwill play
2
not a car in sight
3
in the thick of
4
obliged my whim
5
exhaled his spiel
Expand All

📖 Transcript

Attraction offer.
Free, pick your price.
Lost chapter author note.
I removed this upsell because I thought some businesses might lose money doing it, since they wouldn't be able to close the upsell.
That makes this profitable.
But with skill, it's a great goodwill play that makes money and generates leads.

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