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Can You Use the 5% Principle to Grow Your Business?
Practical Wisdom from Kahle Way Sales Systems
English - October 08, 2020 10:30 - 10 minutes - 8.85 MBBusiness Education salesleaders salesmanagers b2bsales salespeople salessystems Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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We are all familiar with the Pareto principle, which, when applied to the world of sales, says that 80% of the business comes from 20% of the customers. As a general rule, that 80/20 rule is accurate in lots of different situations. Whenever there is a large group producing something, 20% of the people produce 80% of the results.
The “Five Percent Principle” states that five percent of the people produce 50% of the outcome. It can become a powerful marketing principle in your business.