The Cash Couple

The 80/20 rule.

12:01 PM, Wednesday, April 27, 2011 .. Posted in Principles .. 0 comments .. Link

What does an Italian economist in 1906 have to do with a modern day Network Marketing business? Vilfredo Pareto observed that 80% of the land in Italy was owned By 20% of the population. This phenomena has been observed with many types of numbers and events and is often called the 80/20 Rule.

The 80/20 Rule or the law of the vital few states that for a number of similar events, 80% of the effects come from 20% of the causes.

How does the 80/20 rule have any impact on your business?

Lets take advertising for example. I do a lot of safelist marketing. 80% of the leads I create come from 20% of the Safelists I submit to. Wouldn’t it be smart to track results, identify which safelists work and not use the ones that don’t?

How about Team building. 80% of new sales and recruits come from 20% of my distributor organization. Wouldn’t I want to recognize, acknowledge and work with  the 20% who are producing?

 In general. 80% of Productivity comes from 20% of Activity.

Often the key to success is to figure out what works, do it often, do it consistently.




{ Last Page } { Page 7 of 10 } { Next Page }

About Me

My Pic


Home
My Profile
Archives
My Photo Album

Links

Online Income

Categories

Principles
Techniques

Recent Entries

Post Card Marketing
Social Site Marketing
Your Warm Market, Who Do You Know?
The Five Pillars
Retention Is King
Conversions Count!
The 80/20 rule.
Getting Started With Safe Lists
Brand YOU
Become A Coach