Beware Bloggers Read This 80/20 Rule
Vilfredo Pareto a very influential Italian economist, who’s most notable achievement was the development of, what’s today commonly know as, the Pareto principle or “ law of the vital few.”Now the next question that arises is What makes this principle so important ? As a matter of fact that it provided a bridge between economics and sociology, by showing how, in general, only ~20% of the input is responsible for ~80% of the output in some aspects of our lives.
More clearly, with a minimum amount of effort you can come up with most of your desired results. A few short examples:
- 20% of the world’s population control 80% of its income.
- 20% of a company’s workers produce are responsible for 80% of its performance.
- 20% of the bugs are responsible for 80% of system crashes.
- 20% of clients are responsible for 80% of sales.
- 20% of the world’s newspapers are read by 80% of the population.
- 20% of a city’s streets are responsible for 80% of the traffic.
- 20% of criminals are responsible for 80% of the total crimes.
- 20% of the websites produce 80% of its traffic.
And we could go on forever. Just think about learning a new language, after a few months you’ll probably be able to have a conversation with someone in a foreign language, but by no means will be fluent – that takes a lot more effort.
However, keep in mind this is not a general truth, as the 80/20 principle does not apply to all circumstances, by no means. It’s pretty clear, though, that we can learn a great deal from its microeconomics applications and become more productive bloggers.
one funny one I would like to add.Its no offense to you personally or to any other bloggers personally.its just something I saw very commonly among my Blogger friends.They search blogs of others and website in such large scale that ::
) 20% of the bloggers read the 80% of blog sphere. (