80/20 RULE

 

“FOR MANY EVENTS, ROUGHLY 80% OF THE EFFECT COMES FROM 20% CAUSES”

VILFREDO PARETO (ITALIAN ECONOMIST)

INTRODUCTION OF AUTHOR

VILFREDO PARETO WAS BORN IN 15 JULY 1848 IN PARIS, FRANCE. HE WAS AN ITALIAN ECONOMIST, ENGINEER,SOCIOLOGIST, POLITICAL SCIENTIST.

HE WAS A GREAT ECONOMIST WHO THINK OF VARIOUS BUSINESS IDEAS AND HOW TO SIMPLIFY THE LIVES OF YOUNG ENTREPRENEUR AND BUSINESS CORPORATE.

RULE GIVEN BY GREAT ECONOMIST VILFREDO PARETO

THIS IS THE PRINCIPLE INTRODUCED BY ITALIAN ECONOMIST IN WHICH, HE EXPLAINS THE CONCEPT OF MARKETING . IN TODAY’S WORLD MANY CORP ORATES SUFFER FROM THE PROBLEM OF NET REVENUE GENERATION FROM SALES .

THIS PROBLEM GENERATES BECAUSE OF SALES, PARETO EXPLAINS THAT IN ANY BIG CORPORATE GIANT THERE 80% WEALTH OR REVENUE COMES FROM THERE 20% CUSTOMERS . NOW THE INVERSE OF THIS STATEMENT IS ALSO CORRECT BECAUSE THE 80% CUSTOMERS ONLY GENERATES 20% WEALTH OF THE COMPANY.

SO, EVERY BIG COMPANY KNOW THERE CUSTOMERS VERY WELL AND RESPONSE AS PER THE NEEDS OF THERE CUSTOMERS.

RESULT OF 80/20 RULE



SO EVERY YOUNG ENTREPRENEUR SHOULD KEEP IN THERE MIND THAT THERE BUSINESS WILL GROW WITH THE 20% OF THERE CUSTOMERS NOT FROM ALL THE CUSTOMERS SO YOU SHOULD WORK HARD AND BE CONSISTENT WHAT YOU ARE DOING?

SO GUYS THANK YOU KEEP LEARNING AND KEEP SHARING YOUR LOVE WITH YOUR LOVED ONES. TAKE CARE GUYS AND SUPPORT MY CONTENT AND GETTING LATEST BUSINESS IDEAS WHICH CAN REDUCE THE ANXIETY LEVEL OF YOUR BUSINESS PLEASE FOLLOW THE PAGE.