[[:encoded, "You can apply the 80/20 Rule to almost anything. For the purpose of putting the 80/20 Rule into context, let’s say that 20% of your employees are responsible for driving 80% of your revenue, or 20% of your clients make up 80% of your product or services sales and revenue. \n\nTo grow your business and success, it’s vital that you closely analyze your business model and examine which 20% of your actions are accountable for 80% of your results. \n\nPut the 80/20 rule into action by focusing in on specific tasks that will result in driving sales and revenue. Instead of relentlessly marketing your business to new clients, focus more of your attention on up-selling to your existing clients. It takes as much as ten times the effort to get new clients to purchase from you as it does to up-sell to an existing client.\n\nReview your product and service sales for the past two years. If you have products or programs consistently not selling - close them out at a reduced cost or completely discontinue them. Identify the products or services (usually 20% of your stock) that consistently sell and then focus your energy on driving more sales to those clients.\n\nIf you’ve received client feedback, let’s say, on an eBook you wrote, the instinctive solution would be to either address each inquiry individually or release an updated version of the eBook, free of charge. Remember, the Pareto Principle is about doing more with less effort. The 80/20 Rule can be powerful to you increase your success to your next level – and we all have one.\n\nIf you get value from these Podcasts, please take a minute to leave me a short review. I would really appreciate it. Let me know if you would like me to talk about certain topics that you feel would be of value to you.\n\nTake advantage of all the complimentary business tips and tools by joining the Free Silver Membership on https://www.accountabilitycoach.com/coaching-store/inner-circle-store/. \n\nCheck out all the great free high-content business success training web classes, by going to https://www.accountabilitycoach.com/free-articles/free-webinars/.\n\nWant more from The Accountability Coach™, subscribe to more high-value content by looking for me on www.accountabilitycoach.com or most podcast platforms and in most English-speaking countries, or by going to https://itunes.apple.com/podcast/accountabilitycoach.com/id290547573. \n\nSubscribe to my high-value business success tips Blog (https://www.accountabilitycoach.com/blog/) \n\nSubscribe to my YouTube channel with business success principles (https://www.youtube.com/annebachrach)\n\nConnect with me on Linked-In (https://www.linkedin.com/in/annebachrach) \n\nConnect with me on Pinterest (https://pinterest.com/resultsrule/)\n\nConnect with me on Instagram (https://www.instagram.com/annebachrach/)\n\nConnect with me on Facebook (https://www.facebook.com/TheAccountabilityCoach) \n\nGo to https://www.accountabilitycoach.com to check out for yourself how I, as your Accountability Coach™, can help you get and stay focused on you highest payoff activities that put you in the highest probability position to achieve your professional and personal goals, so you can enjoy the kind of business and life you truly want and deserve. \n\nAs an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance.\n\nCheck out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/. \n \nAim for what you want each and every day! \nAnne Bachrach\nThe Accountability Coach™\n\nBusiness professionals and Advisors who utilize Anne Bachrach’s proven business-success systems make more money, work less, and enjoy better work life balance.\n\nAuthor of Excuses Don’t Count; Results Rule, Live Life with No Regrets, No Excuses, the Work Life Balance Emergency Kit and more. Get your audio copies today."]]
Published on 3 years, 9 months ago
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