In business, often only 20% of customers bring in 80% of the profits

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Joywtome231
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In business, often only 20% of customers bring in 80% of the profits

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Using the Devoted Fan technique, you will learn to identify who is truly important to you and who is ready to support you in any situation. This way, you will be able to build relationships with those who value your uniqueness and interests. This will allow you to follow the right path without losing your own “I”.

Pareto's law

The Pareto Law, also known as the 80/20 principle , is an idea that helps us understand how our efforts are distributed and which ones are truly effective. This principle states that most results (about 80%) come from a small number of factors (about 20%).

The idea was first proposed by Italian economist Vilfredo Pareto when he noticed that most of the wealth in his country belonged to a small percentage of the population. Since then, the principle has found application in many areas:

In personal expenses: 20% of our spending can account for 80% of our total spending.
In communication: we get 80% of our pleasure and support from 20% of our friends and acquaintances.
To apply the 80/20 principle to decision making, it is worth kazakhstan phone number list identifying which actions or aspects of activity are the effective 20%. These are the ones that will be able to provide the majority of results. Then focus specifically on these factors and try to ignore the less effective ones.

Let's say you run your own blog. Using the Pareto principle, you analyze your statistics and discover that 80% of your traffic comes from just 20% of your articles. Instead of trying to write more new texts, you create materials that show higher efficiency. You pay attention to the topics of these articles, their style and format.

Conclusion
Making important choices is always difficult. In this case, the methods offered can become a real support and guide you to the best solution. The main task here is to find an approach that perfectly matches your circumstances.

And remember that it is important not to be afraid of making mistakes. Every decision, even if it ultimately leads to unexpected results, is a valuable experience, thanks to which a person becomes wiser. Mistakes are the best teachers in life, which allow you to grow and develop. Do not regret the decisions you made, because every choice brings you closer to understanding what is really important to you.
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