Pareto Law in home business game plan
You know the 80/20 rule, right?
Vilfred Pareto’s Law.
80% of your sales come from 20% of your customers.
You can read this book called “80/20 Sales and Marketing”, and one of the things it talks about is how the 80/20 rule is in effect all around us.
Not just sales but everything in life.
80% of the work is done by 20% of the people. (comment: a lot of them simply do not wish to work)
20% patients utilize up to 80% “hospital” resources. (comment: a lot of people do not have time to be sick)
So 80% of your sales come from 20% of your customers. But if you look at that 20% you’ll find that 80% of those customers are coming from 20% of the 20%. It keeps on going like that.
And by applying this knowledge in all areas of your life the author, Perry Marshall, says you can increase your success rate exponentially.
80% of the traffic I buy is from 20% of the sources I use.
It’s like that with relationships too.
80% of the good advice and support you receive from your fellow marketers will come from 20% of the internet marketers you meet.
What does it mean?
Join team, business models, cooperate with mentor, leverage marketing system where 80% work is done for you. You apply only 20% of your efforts.
Example: 21 step system and MTTB