The Pareto Principle, also known as the 20/80 Rule, is an interesting phenonenum that has many implications for those practicing sales, marketing, netowrking and even MLM. The concept is defined as: for many events, 80% of the effects come from 20% of the causes. It applies in may aspects of life even though you may not even have realised it, you are seeing its effects every day.
- 80% of a country’s wealth will be held by 20% of the population.
- 80% of the sales come from 20% of the customers.
- 80% of your stock comes from 20% of your suppliers.
- 80% of your sales will come from 20% of your sales force.
The Pareto principle is almost an universal truth and can be applied to our lifes as well. How does that relate to our Network Marketing or MLM Business?
- 80% of the results will come from 20% of your efforts. Don’t try to be to perfectionist for everything. Only focus on what you think will produce the best result.
- 80% of your success will come from 20% of the people you sponsor. Find the right 20% and you will be successful. That may not happen right away but keep this in mind.
- 80% of the results will come from 20% the time you spend. Don’t waste time on little details, they will not make themselves worth your time!
So what’s in for you? Stop all these little things you want to do and think for a minute if they are part of the 20% you should focus on. Are they?
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Hi, interest post. I’ll write you later about few questions!
Hi, interest post. I’ll write you later about few questions!