Low Hanging Fruit
The term “Low-Hanging
Fruit” is often used in business settings referring to tasks that can be
accomplished easily in a particular situation. In sales, it means an easily
achievable target like an easy to sell product/service, targeting a prospective
client who is very likely to buy the product or a problem that is easy to
solve. As time management experts suggest, businessmen should avoid
preoccupying on low-hanging fruits and focus on most important priorities to
yield the best results.
For example, Customers
who regularly re-order a product requires less attention than the others.
Therefore the sales representative need not arrange for occasional reminders
considering their solid interest for the product. Low-hanging fruits are easily
handled in the normal course of business by its employees.
Businessmen or sales
professionals who focus on low-hanging fruits are likely to accomplish their
targets faster because they are less in number. They can move on to solve the
difficult tasks to ensure long run of the company. The type of low-hanging
fruit for each company differs based on the type of business you are involved
in.
Existing customers are
often the easiest to attract due to their familiarity towards the product
/service offered by the company. The better their experiences are with the
company, the easier it is to retain them. Focusing on such low-hanging fruits
is a temporary strategy to make them stay. Once you have pulled them into your
business the next strategy is to make them loyal customers by providing them
helpful services to ensure repeated business.
The advantage of
focusing on low-hanging fruits is rapid growth in sales. Maintaining a proper
balance between long term important goals and low-hanging fruits is much
required for the proper functioning of any business. Astute sales managers
ensure that their representatives strive well to achieve the same – retain
customers and bring in hard-to-reach fruit with new customers.
Rajagiri Center for
Business Studies Cochin is one of the reputed management institution, top business schools in Kochi Kerala offering you a choice of best in class post
graduation courses like MBA, MHRM, PGDM etc. Rated as one of the best b schools in Kerala, Rajagiri promises you a serene environment, best hostel facilities,
infrastructure facilities, best internship programs and top placements to
leading companies in the industry. So if you are planning to do post graduation
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you.
To know more and
details, visit: Rajagiri Business School Kochi
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