The 80:20 case studies have been very popular, so here is another one.
You have the choice of watching a short video or reading the bullet-point summary.
Just click on the link here to access the video.
80:20 case study – How a Wholesaler Grew Sales by 42% in a Recession
1. This pharmacy wholesaler had 300 active customers.
2. It was a cut-throat sector and they were in the middle of a big recession.
3. Sales were flat for the previous 3 years.
Based on this analysis, the following decisions have been made
A. They focused all their sales efforts on their whales who made up 18% of their customers.
B. By surveying these 45 customers, they found out their current and future needs.
C. They slowly and steadily grew sales with these customers until by year-end, sales had doubled or trebled with these whales.
D. At the end of that year, total sales had grown a remarkable 42% and profit margins were up 2%.
E. This growth was achieved by focusing all their attention on growing their whales.
P.S. every week, I offer 2 “Free 30 minute consultations” on 80:20. Email me if you’re interested.
P.P.S. the most recent 2 clients I worked with on 80:20 were done remotely by phone/email, which makes it much more affordable for you.