Pareto Principle

The term "Pareto principle" can also refer to Pareto efficiency.The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; Pareto developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".
Posts about Pareto Principle
  • Stay a Step Ahead on Social Media: Tips from SMX Social in Las Vegas

    … the Pareto principle: 80% of your posts should be informative and 20% can be promotional. This article is an ideal example. I am sharing information without loading it up with my own sales spiel. The perfect time to post is different for everyone “The world’s best practices aren’t always your best practices.” – Tim Welsh, Academic Partnerships I…

    @ProBloggerin Social- 17 readers -
  • 5 Things I Would Do If I Were Starting Affiliate Marketing Today

    … back to the drawing board. Somewhere along the way, you’ve made a huge mistake. Most people who land in this industry have key skills that can be used to build a war chest of funds. Whether you are a writer, a designer, a developer, or a sales man — you can find work online. These sites have thousands of jobs available: Odesk Elance Guru…

    Finch Sellsin Affiliate- 13 readers -
  • 2014 Holiday Marketing Guide: Lessons From the Big Wigs

    … Halloween is just around the corner, and before the jack-o-lanterns come down, Thanksgiving and Christmas decorations go up. Merchants open themselves for business to rake in the holiday profits earlier every year—but the planning starts long before the decoration and themed ads. E-commerce sites are no different from brick-and-mortar stores…

    Chelsea Baldwin/ The Daily Eggin Social EMail- 17 readers -
  • Identify and Market to the 5 Types of Freelance Service Clients

    … States, the Philippines, Western Europe, Canada and Australia get: Nothing. Not even twenty percent of freelancers make eighty percent of the income (yes, the old 20/80 rule). The pareto principle works when it comes to wealth distribution, asset distribution, and it definitely works when it comes to marketing. If you want to be in that twenty…

    Gene Eugenio/ Marketing Beesin SEO- 11 readers -