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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/pednwwmy/public_html/snapreads/magazine/wp-includes/functions.php on line 6121The Pareto Principle is not a new concept. Also known as the 80\/ 20 rule can help you better understand your business and benefit your marketing strategy, enabling your company to succeed in a crowded market.<\/p>\n\n\n\n
The principal is named after Vilfredo Pareto, an Italian economist. He noticed that in Italy, 80% of the land belonged to 20% of the people. And although this may not seem relevant to marketing, this rule applies to just about everything. Pareto even examined the peas in his garden and found that 20% of his pea plants contained 80% of the yield! <\/p>\n\n\n\n
So, using the Pareto Principle, or the 80\/ 20 rule, is extremely helpful in business because it helps you predict your future success. <\/p>\n\n\n\n
So, let\u2019s check out seven ways that intelligent companies use the Pareto Principle in marketing.<\/p>\n\n\n\n
by Charles Duhigg<\/p>\n\n\n\n
\u23f1 15 minutes reading time<\/p>\n\n\n\n
\ud83c\udfa7 Audio version available<\/p>\n<\/div><\/div>\n\n\n\n