Selling is the primary source of cash flow which is critical for your survival and the survival of your enterprise
Most successful businesses are started by a person who is very good at selling a product or service.
PRACTICE SELLING
Everyone on earth needs to realise that they are a product and also have a product or service they offer. The key to selling oneself, the product or services is to develop a professional sales presentation, both written and in person and to make the presentation to as many people as possible every single day.
The more people you tell about your product or services the more it will sell.
If you want to increase sales, you must increase the frequency of your customer contact, continously present , prospect and follow up every single day.
I have become good at this practice and am still learning it, it is the first and important skill of every entrepreneur .
The problem faced by many enterprise that is still struggling is the ability to make good sales. To solve this problem you have to work on becoming a expert in selling. Read books on sales, listen to audio programmes, attend seminars etc and be sure to put what you learn into practice.
PRACTICE THE 80/20 RULE( PARETO PRINCIPLES)
The pareto principle states that for many outcome, roughly 80% of consequences comes from 20% causes. This means that a small percent of cause has an outsized effect or outcome.
The Economist Vilfredo pareto was the one who stated this principle in 1895. He concluded that the society is grouped into two, the "Vital few" and the "Trivial many". **In every society, 20% of the people (the vital few) Owned and Controlled 80% of wealth, while the remaining 20% of the wealth was dispersed among the remaining 80% (trivial many)
To understand this principles perfectly, assume that you make a list of ten task that you have to accomplish in a day , two of those task will be worth more than the other eight together. Each of the ten items may require the same amount of time to accomplish but in terms of value and contribution, two of those items will be worth at least five times as much as any of the other items.
This concept is important to understand in entrepreneurship, because it will help you to identify which initiative to priorities so you can make the most impact in your business.
People who concentrate on activities that have no potential consequences (positive contribution) for their business will have low outcome.
AFFILIATE MARKETING
Affiliate marketing is one way of selling your opinion out and getting cool cash. You recommend a product or skill to your network and receive a referral commission for each referral. You can also recommend that product by reaching out to a larger audience through blogging or social media campaigns. You just need a stable internet connection and a smartphone. It’s quite easy to start up affiliate marketing.
Ever used a product, and then you recommend that same product to a friend or two and they actually use that product you recommended and were satisfied? And then you’re happy that you could help just that you weren’t paid. How about I tell you, you could earn a few bucks from recommending a similar product or two to actual clients that offer you money for your services. You just have to put in little effort, zero force, no startup cost and your earning is unlimited. Cool right?
You walk into a shop and purchase an item. You think that item would be great for others as well and then, you ask the brand if they offer a refer-a-friend offer. And when they agree, you sell out that product to your friends and even on your social media page. People patronize the brand using your referral code or link and that’s how you get rewarded for each purchase. You try this for two or three extra brands and watch your bank account grow fat in a few days.
