Notes from Jeff York

Small business marketing thoughts from a marketing small business owner

Posts Tagged ‘profit

Of course you’re important, but…

with 3 comments

8020ruleI’m sure you’ve heard of the 80/20 rule before. It’s been applied to so many things in so many ways. Here’s the context in which I’m exploring it this week.

You will spend 80 percent of your time on 20 percent of your clients.

Some people just need more handholding. Some people need more coaxing. Some people know they need help, but are unsure about getting off the fence and moving forward with a marketing campaign (for example).

I love those people in the same way that I love vegetables.

The bottom line is your bottom line. There are times in which we find ourselves in a place where we might have to pull back on the attention that we’ve been giving a client simply because they’re receiving too much of our resources. In the past, I’ve been with companies that have made the difficult and unfortuante decision to “fire a client.” It’s not a decision that we ever took lightly, but was forced on us if we wanted to be able to continue to grow.

I’d love to hear if you’ve been in this type of situation and had a successful outcome that we can all learn from. Was it simply a function of better educating a client and turning them into one of the better 80 percents or was there another method you used to rectify the situation?

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Written by Jeff York

December 1, 2008 at 1:12 am