ONLY FOR EVERY YOUNG ENTREPRENEUR

This rule or principle given by a great economist Vilfredo Pareto an italian economist in today’s world we see many young business man who? suffer from the problem of growing business in this hard competitive environment.

Today i’m going to tell you about how you can overcome the problem of this hard business competition in the market.

We know that our sales generates from our potential customers not from all the people who visits in our business sites .

This 80/20 rule provides you insights of how business grow and what are the marketing strategies we can apply in our business so that we can grow our business.

PARETO always says that the 80% wealth of an enterprise comes from there 20% customers which means that we have to show the patience while marketing our product in the market , because only 20% people(customers) can buy your product .

Now, the inverse of this principle is also true that 20% wealth will generates from 80% customers. SO, my dear young entrepreneur if you follow this principle of Pareto then you will be less stressful from about 80% customers who are just generates only 20% of there revenue(sales).

NOW YOU LOOK THIS PICTURE :-

This picture clearly shows that only 20% people will respect your ideas and they will support you to grow as an entrepreneur. Now, I will show you that this principle how apply in big giant or big business companies or in big e-commerce sits such as AMAZON, FLIP- KART, WALL STREET etc.

credit goes to Interaction Design Foundation

Very highly effective applicable strategies of marketing by 80/20 principle:-

EIGHTY PERCENT OF YOUR REVENUES COMES FROM YOUR TWENTY PERCENT CUSTOMERS:- This is explained in a way that when a business man sell there products in the market the only 20% customers buy the product and rest 80% people only see the product and leave the shop without buying the product from your shop. So don’t think about the rest 80% customers and just focus only the potential buyer which will help you manage your business transactions more efficiently.
EIGHTY PERCENT OF YOUR SITE VISITORS COMES FROM ONLY SEEING 20% OF KEYWORDS:-This principle explains in that way suppose you made a blog site then there visitors come from by seeing your head line of your blog which is a key word of your blog which means that from your 10-20% words decides that how many number of people read your blog.
EIGHTY PERCENT PEOPLE ARE ONLY MIDDLE CLASS AND 20% PEOPLE ARE VERY RICH IN THE WORLD:-This principle clearly shows that in our world there are only 20% people who acquire world’s 80-90% wealth which shows that this principle is also applicable in real life of people. Vilfredo Pareto only gives you rough idea about how this principle works and how people apply this rule and make there lives easy.
EIGHTY PERCENT BOOKS IMPORTANT KNOWLEDGE IS JUST ONLY IN 20% CONTENT OF BOOKS:-In every day life many people read books and acquire some knowledge from these books while reading ,but have you ever notice that people make notes from that book which is less then the text written in the book this shows that the actual valuable things of book given in only just small part of book, and this made changes in the lives of people.