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{"id":3996,"date":"2021-11-06T06:00:00","date_gmt":"2021-11-06T10:00:00","guid":{"rendered":"https:\/\/snapreads.com\/magazine\/?p=3996"},"modified":"2021-12-22T18:05:34","modified_gmt":"2021-12-22T23:05:34","slug":"pareto-principle-in-marketing","status":"publish","type":"post","link":"https:\/\/snapreads.com\/magazine\/pareto-principle-in-marketing\/","title":{"rendered":"7 Ways Smart Companies Use The Pareto Principle In Marketing"},"content":{"rendered":"\n
The 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