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The 80/20 rule.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 } |
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