Augusta
VIP Contributor
There's the 80:20 Rule which is also known as the Pareto Principle which is about how to spend time developing and growing one's biggest opportunities in business
This principle is about working earnestly with 20% of clients and customers that will bring in 80% of revenue to your business. You don't have to toy with this category of your customers
This is about finding ways to build more powerful relationships and sell more to this 20% to get them really satisfied. You need to identify your clients or customers that are not taking up way too much of your time, but paying enough. They are bringing in money and not your energy down. These are people you need to find steps you can take to continue working with them. To achieve this, you can do the following
.Maintain focus on your biggest relationship, Identify opportunities for short-term cash flow and cultivate longer-term prospect.
This principle is about working earnestly with 20% of clients and customers that will bring in 80% of revenue to your business. You don't have to toy with this category of your customers
This is about finding ways to build more powerful relationships and sell more to this 20% to get them really satisfied. You need to identify your clients or customers that are not taking up way too much of your time, but paying enough. They are bringing in money and not your energy down. These are people you need to find steps you can take to continue working with them. To achieve this, you can do the following
.Maintain focus on your biggest relationship, Identify opportunities for short-term cash flow and cultivate longer-term prospect.
