Make More Money 💰
Work with the people you want to 💁🏼♀️
Have we all heard of the 80/20 rule?
80% of your sales come from 20% of your customers.
If there’s any truth to that for you, it’s vital you know who that 20% are.
To check this you could run a report of your revenue for a set period of time and filter this by customer.
What type of customer is that top 20%?
From there, maybe it’s a good idea to look for more clients like the top 20%
A good customer software can help you understand:
– Biggest spenders,
– The most loyal
– The most frequent buyers.
Use this information to hone in on your target market, fine tune your marketing strategies and greatly improve your return on investment in the software.
🤐🤬
Whilst we are at it, maybe we take a look at those customers that:
– Don’t pay on time
– Don’t pay at all
(Norling Law can help you with them 😉)
Knowing who your most reliable customers are can eliminate time wasted on non-paying clients and focus on those who increase your cash flow.
A solid review can also streamline your processes for chasing up late paying customers.
Good Luck!
Luke & Phil