Training Session2014-02-21

2 Critical Skills You Need To Make Money Fast

Eben Pagan reveals the two critical skills that generate the most dependable profits after 15+ years in business: marketing and sales. He introduces the concept of 'playing business versus doing business' and explains how to avoid common distractions that prevent entrepreneurs from focusing on customer acquisition.

client acquisitionclient attractionsales processesmarketing and salesplaying business versus doing businesscustomer acquisitionprofessional sellingplaying businessbusiness setup distractionssales misconceptionsfriendly selling misconception

Key Moments

Relevant Clips20

  • How-To

    How to focus on doing business instead of playing business -- A framework for avoiding business setup distractions and focusing on revenue-generating activities

  • Teaching2:57

    Real Selling Is About Helping People — Not Coercion

    Professional selling has gotten a bad reputation due to misconceptions about coercion and manipulation, but real selling is about helping people

  • Teaching

    Business Setup Tasks as Distraction from Customer Acquisition

    Business setup activities like naming, branding, and design details are often distractions that prevent focus on customer acquisition and sales

  • Teaching3:58

    Being Friendly Is Not the Same as Professional Selling

    Many entrepreneurs make the mistake of thinking good selling is just being friendly and answering questions, which is not professional selling

  • Teaching0:52

    Marketing and Sales Are the Core Functions of Any Profitable Business

    Marketing and sales are the activities that help you get customers, which is the core function of any profitable business

  • Teaching0:52

    Most Entrepreneurs Play Business Instead of Do Business

    Most entrepreneurs waste time 'playing business' instead of 'doing business' by focusing on non-essential activities

  • Teaching0:14

    Marketing and Sales Lead to Profit More Than Any Other Skills

    Marketing and sales are the two skills that most dependably lead to profit and long-term income in business

  • Answer

    Playing Business Is Designing Cards; Doing Business Is Getting Customers

    Playing business involves activities that feel productive but don't generate customers, like designing business cards, choosing website colors, or naming your business. Doing business focuses exclusively on customer acquisition and selling products or services.

  • Answer2:57

    Professional Selling Means Helping People Get What They Need

    Professional selling is about helping people get what they need, not using coercion or manipulation. It's not high-pressure tactics or being overly friendly, but a skilled approach to genuinely assisting customers with solutions to their problems.

  • Answer3:16

    Why Entrepreneurs Avoid Sales Training and Why That's Wrong

    Most entrepreneurs avoid sales because they associate it with shady tactics and high-pressure manipulation. They think of used-car salesmen or coercive techniques, when professional selling is actually about helping people get what they need.

  • Answer

    Setup Activities That Kill Early Momentum

    New entrepreneurs should avoid setup activities that don't directly generate customers, including choosing business names, designing business cards, selecting website colors, and other branding details that distract from sales and marketing.

  • Answer0:26

    Marketing and Sales — The Two Skills That Generate Revenue

    Marketing and sales are the two most critical skills for generating profits and long-term income in business. These skills directly help you get customers, which is the fundamental activity that creates revenue.

Show 8 more
  • Quotable1:30

    Avoid Activities That Don't Directly Lead to Getting Customers

    you want to avoid wasting your time on things that don't directly relate to getting customers and selling your products and services

  • Quotable3:24

    Professional Selling Is About Helping Not Coercion

    professional selling in reality is not about coercion and manipulation it's about helping

  • Quotable1:18

    Playing Business vs Doing Business

    playing business versus doing business

  • Question1:27

    Business Activities Entrepreneurs Should Avoid When Starting Out

    What business activities should entrepreneurs avoid when starting out?

  • Question1:27

    Playing Business vs Doing Business — The Critical Distinction

    What is the difference between playing business and doing business?

  • Question0:18

    Most Important Skills for Making Money in Business

    What are the most important skills for making money in business?

  • Question

    Why Entrepreneurs Avoid Learning Sales Skills

    Why do entrepreneurs avoid learning sales skills?

  • Question2:48

    What Professional Selling Is Really About

    What is professional selling really about?

Entities Touched

Summary

The Two Skills That Generate the Most Money

After 15+ years of business experience, Eben reveals that marketing and sales consistently produce the most dependable profits. These skills focus on the core business function of customer acquisition, which directly translates to revenue generation.

Playing Business Versus Doing Business

Most entrepreneurs get distracted by setup activities like business naming, card design, and website colors instead of focusing on customer acquisition. This distinction between 'playing business' and 'doing business' determines whether efforts translate into actual revenue.

Reframing Professional Selling

Selling has gotten a bad reputation due to associations with high-pressure tactics and manipulation. Professional selling is actually about helping people get what they need, not coercion or simply being friendly and answering questions.

2 Critical Skills You Need To Make Money Fast
Watch on YouTube

Counterpoint

Claim:Starting a business requires focusing on setup details like business names, cards, and website design

Reframe: Successful business building means avoiding setup distractions and focusing exclusively on customer acquisition and sales activities

Eben identifies business naming, business card design, website colors and 'a million little details' as distractions that compete for attention but don't generate customers or revenue

Claim:Selling involves coercion, manipulation, and high-pressure tactics like shady salesmen

Reframe: Professional selling is actually about helping people and has nothing to do with coercion or manipulation

Eben explains that people associate selling with 'shady used-car salesmen wearing tacky polyester suits' but professional selling in reality is about helping, not pressure tactics

Topics

Business Frameworks

marketing and salesplaying business versus doing businesscustomer acquisitionprofessional selling

Common Mistakes

playing businessbusiness setup distractionssales misconceptionsfriendly selling misconception