The 80/20 Principle: Your Secret Weapon for Online Business Success
...PS (yes, I know the "PS" came a Tad Early in this post)... but I am currently READING the "80/20 Sales And Marketing" book by Perry Marshall, right NOW! Hey everyone! Quick question for you... How many of you know about the 80/20 principle? And more importantly, are you actually using it in your business? Let me tell you something: the 80/20 principle is almost as powerful as compound interest. Almost. And if you're NOT using it in your online business, you're leaving serious money on the table. What Does 80/20 Actually Mean? Here it is in simple terms: 80% of your results come from just 20% of your efforts. ....in your business!!! ....this means 20% of your customers generate 80% of your sales! .....that's where the gold is buried! A Simple Example: Let's say you have 100 customers: - 20 customers (the top 20%) might be spending $500/month each = $10,000 - 80 customers (the remaining 80%) might be spending $25/month each = $2,000 See the difference? Those 20 customers are giving you 5X more revenue than the other 80 combined! The Secret Sauce: Going Deeper (80/20 Squared) Here's where it gets really powerful. Once you identify that golden 20%, do it again. ......take your top 20% and treat THAT as your new 100%. Then find the top 20% within that group. Real-world example: - You identify 20 top customers (20% of 100) - Now analyze those 20 and find the top 4 customers (20% of 20) - These 4 customers are your super fans - they might represent 64% of your total revenue! The Big Mistake Most Entrepreneurs Make: Focusing on the 80% to only get 20% of the results. ....that's like spending all day watering weeds instead of your prize-winning roses. It's exhausting and unprofitable. ...instead, flip it: Focus on the 20% that gives you 80% - then double down on serving them even better. Conclusion: Your Turn to Share! The 80/20 principle can transform your online business overnight. But knowledge without action is just entertainment.