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Do this and explode your busines sales ๐Ÿš€๐Ÿš€๐Ÿš€

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Published: 16 May 2022 โ€บ Updated: 16 May 2022Do this and explode your busines sales ๐Ÿš€๐Ÿš€๐Ÿš€

Do this and explode your busines sales ๐Ÿš€๐Ÿš€๐Ÿš€

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Here's a simple exercise to carry out on your business this week.

Take your total revenue from the past 12 months and sort it: biggest sales transactions down to the smallest sales.

Start adding up the biggest sales and see how many sale transactions it takes before you reach 80% of the total revenue figure for the 12 months.

I can pretty much guarantee you that 20% (or less) of your sales transactions will make up 80% (or more) of your total revenue for the year.

(I carry out this exercise repeatedly and it's almost always bang-on ๐Ÿค“ )

Now, who are those customers/clients within your all important 20%...๐Ÿพ ?

Don't stop there...

  1. You can do an 80/20 analysis on the 20% (meta, I know ๐Ÿ˜‰ )
  2. Do the same for product/service split.
  3. How about profit split?
  4. etc

The Pareto Principle ('80/20' rule) is one of the most powerful principles that applies pretty much anywhere and everywhere.

Unleash it to your advantage...๐Ÿš€๐Ÿš€๐Ÿš€

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