The 80/20 principle (Pareto’s Law) is almost magical. It’s a principle discovered by the Italian economist Vilfredo Pareto in 1906, who noted that 80% of Italy’s land was owned by 20% of the people.
He became somewhat obsessed with this ratio, seeing it in everything.80% of all your results in business come from 20% of your efforts.
You’ve probably heard about the 80/20 Principle before but do you understand its true power to transform your sales and marketing efforts?
It’s quite straightforward! Odds are, roughly 80% of your sales come from about 20% of your clients or products. Focus your time and money on that 20% and you will spectacularly increase your revenue.
As you go into the new Month, Take this knowledge with you.