Sales Channel Drives Business
Share
A framework for choosing business ventures based on sales channel expertise rather than product category. The key insight is that entrepreneurs spend most of their time on sales/growth, so pick businesses that align with your preferred sales methods.
Core Principle
- Choose businesses based on how you'll grow them, not what you're selling
- 90% of time is spent on sales/growth, not the product itself
- Match business model to your preferred sales channels and methods
Common Mistake Entrepreneurs Make
- Picking business ideas based on passion for product category (e.g., "I love basketball")
- Not considering the daily reality of how they'll need to sell and grow
- Getting stuck with sales methods they don't enjoy or aren't good at
Framework for Choosing Sales Channels
- Identify Your Preferred Sales Channels
- List sales methods you enjoy and are good at
- Rank them in order of preference
- Focus on channels you can sustain long-term
- Match Business Models to Sales Channels
- Find businesses that naturally fit your preferred channels
- Ensure growth strategy aligns with your strengths
- Avoid businesses requiring sales methods you dislike
Example Sales Channel Preferences (Shaan's Rankings)
- Podcast Mentions
- Easiest sales channel
- Leverages existing audience trust
- Natural, authentic promotion
- Facebook Ads
- No personal interaction required
- Scalable with push of a button
- Data-driven decision making
- Can scale successful ads with more budget
- Cold Emails
- Proven track record
- Can train others to execute
- Systematic and repeatable
Key Takeaway
- Success comes from mastering one sales channel rather than constantly switching between many
- Most successful people stick to their proven sales channel across different businesses
- Being a master at any growth channel is extremely valuable
37:00 - 40:14
Full video: 01:03:06SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.