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Using the 5% Principle to Grow Your Business

Using the 5% Principle to Grow Your Business

Season 4 Episode 211 Published 4 years ago
Description

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, whenever there is a large group producing something, 20% of that group produce 80% of the results.

          Likewise, the "Five Percent Principle" states that five percent of the people produce 50% of the outcome. Applying that can be transformational for your business or career.

 

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