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30
Oct

The Pareto Principle - the 80/20 rule

marketing consultant Perth WAHave you, should you or do you apply the 80-20 rule to your business?  That is the law of the vital few: 80% of your sales probably come from 20% of your clients. 

 

With that in mind here are 4 questions to ask yourself?  Would it be more profitable if you concentrated on just your prime target market? Should you apply the 80-20 rule overall? Should you apply the 80-20 rule to each market segment? Who are your top 20%?

 

If this is something you haven't done for a while, grab a coffee, pull up your database or your sales statistics and run through the questions above.