I have been able to retain and recruit more reps in my primary company using the Pareto ‘s principles. In fact it’s one of the first rules I talk about while holding trainings and orientations for brand new reps in my organization. The reason is because Pareto ‘s 80/20 Rule is one of my business secrets that has helped me climb up the success ladder faster and easier over the years.
This principle is not making slaves out of people. It’s about working with people based on their level of passion and strengths. It helps you assign tasks and expectations to the right groups of people.
Some People Might say “Stop worrying so much about offending the minority and start worrying about selling the majority”.
I would rather say take good care of the Vital Few right and don’t sweat it for the Trivial Many.
According to the wiki encyclopedia the Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes
For Instance 80% of your sign ups comes from 20% of your invited prospects
The distribution is claimed to appear in several different aspects relevant to entrepreneurs and business managers. For example:
80% of problems can be attributed to 20% of causes.
80% of a company’s profits come from 20% of its customers.
80 % of a company’s complaints come from 20% of its customers.
80 % of a company’s profits come from 20% of the time its staff spend.
80 % of a company’s sales come from 20% of its products.
80 % of a company’s sales are made by 20% of its sales staff
Therefore, you will help your business will achieve dramatic results by focusing on the most effective areas and eliminating, ignoring, automating, delegating or retraining the rest.
We must focus on activities that bring results.
While planning for Home Meetings always remember (If you invite 50 prospects only 20 will show up and just about 4 or 5 sign up instantly).
I’m sure you can see the 20% rule in action.
Focus 80% of your time on Serving the 20% Vital Few, don’t waste so much time on serving the Trivial 80% because they only produce 20% results.
While Managing your team, you’ll quickly notice that only 20% attend trainings, recruit regularly, carryout assignments and prospect regularly.
To those Vital Few thou shall spend 80% of your time and 20% on the Trivial Many who give excuses at every turn.
Don’t worry about them cos they produce only 20% results.
Find ways to coach, mentor and help your Vital few (20%) achieve beyond 80%.
Focus on the Vital Few, Care Less about the Trivial Many.
If you are looking for a fast way to recruit more reps without bugging your family, friends and colleagues Knock!! on this Door!
Recruit Faster and Retain More Reps With Pareto 's Principles
Sam Ozoani is a digital and social media entrepreneur with special focus on Network Marketing and Home Based Businesses. He is a Business Coach, and founder of samozoani.com He works with smart Network Marketers and Home Business Owners to generate massive online leads using the social media.