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It's great to have a really big customer so you don't have to deal with lots of little customers. Well, it's great to have a big customer until it's not. Our rule is that no one single customer should ever represent more than 20% of your revenue. If they do, they have a lot of influence and control over your business. This can be a scary situation. Many small businesses have been put out of business simply because a large customer decided to go with a competitor's offering. But before you go ridding yourself of your top customers, there are many strategies you can employ to guard yourself when dealing with that one big customer.
By Ryan Murray and Ethan Migliori5
77 ratings
It's great to have a really big customer so you don't have to deal with lots of little customers. Well, it's great to have a big customer until it's not. Our rule is that no one single customer should ever represent more than 20% of your revenue. If they do, they have a lot of influence and control over your business. This can be a scary situation. Many small businesses have been put out of business simply because a large customer decided to go with a competitor's offering. But before you go ridding yourself of your top customers, there are many strategies you can employ to guard yourself when dealing with that one big customer.