8020 rules for increase sales productivity step-by-step in your Business
The Pareto Principle is knowns as 8020 Rule This principle is used for everything in our life and Business/startup also But in this article we are looking after How we can increase our sales productivity by applying 8020 rules in our business/startup, So you can grow your revenue and sales growth .we are sharing with own experience what we applied in our business to sales growth by 8020 rules. According to Brain Tracy, Explain The 80 20 Rule in own words The 80 20 rule is one of the most helpful concepts for life and time management. Also known as the Pareto Principle, this rule suggests that 20 percent of your activities will account for 80 percent of your results. This being the case, you should change the way you set goals forever.
Now, you want to know how we can apply 8020 rules in our business for sales productivity then Here is the List Given Below:-
How roughly 80% of the effects come from 20% of the Causes
Let's understand how you can implement in your business
Your Thought is:- About your 20% of your customer Produce 80% of your sales.
And I hope you also want To Implement Like this in your Business, So you have to understand a few points Before applying This principle
20% of customer Who is essential for your Business Prosperity.
Tips:-
1. Make Your 20% Customer List Mean Your Potentials Customer
2. Do little R&D(Research and Development ) about your Geographical Segmentation Means
"Find out Where your Money Making Customer's Live or your Potentials Customer"
3. Then, Again Do little R&D about the Demographic Segmentation of your Customer
Means
Which kinds of your Customer Buy The Most Expensive Products or Service
4. Try or avoid Leave those customers who will always Create problem while Purchasing Means
This kind of your Customers in 80% category So,
Better to ignore
5. Make an Excel sheet or List and Make pinpoint of those customers who are your High Volume Buyer This is Your 20% Customer category who can create Your 80% Results in your sales. This types of Customers Good Examples of Potentials Customer From here your Sales Growth and Productivity of your Business is coming.
Now I assume you can Identify who is your potentials customers for sales in your Business by applying 8020 Rules
6. Build Relationship with your Potential Customer it is your
"Real Asset for your Business and in sales Growth"
Note:-Now, Go and Implement from This Method you sure got Good Result in your Sales by this 8020rule.
Best fo luck!!
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