If there were 10 things to do, sure enough, two or three of them take most of the time.
80 20 principle marketing code#
We went in there, and there are a bunch of things that are happening inside that function like loading the content, ignoring certain things, adding in certain things, cleaning up the code etc. Let's say we have a function called page scan page scan took a bunch of time. The 8020 rule can be applied to multiple nested sets of data. There are also sub-functions inside those functions, and they're all nested. Applying the 80 20 rule is a nested process We track the activity of each of these functions, and sure enough, two or three functions take 80 % of the time. Our spellcheck function has 32 sub-functions. To improve our software, we set up some debugging code to track the time and memory inside each scanning function. The capacity of our WordPress plugin was 20,000 pages it would scan 20,000 pages in under nine minutes. It scans the Entire WordPress website and gives you a list of all the spelling errors, all the pages with broken code on them, pages with grammar errors, and more.
80 20 principle marketing software#
Our software scans your WordPress website for spelling errors, grammar errors, SEO Empty Fields, Broken Shortcodes, and broken HTML code. Now in software, memory and time determine the speed and the capacity of the software. This is something that we actually applied to our own software, WP Spell Check. You can also restock more of the top 20- 30%, which sell more quickly and account for 80 percent of the sales. You're going to save yourself some warehousing costs.
80 20 principle marketing free#
If you want to free up some warehouse space, or if you want to reduce your warehousing costs, find out the bottom 30-40% of your products and get rid of that stock. These products take up extra inventory space in your warehouse. When it comes to inventory, you will notice that 80% of the products that you're selling account for only 20% of your sales. Or, save that money or reinvest and reallocate that money on marketing and advertising to bring more people in. When you fire the bottom salespeople, you can free up the cash that you're paying them, and reinvest it in the people at the top. Your job would be to identify and train the bottom salespeople and try to bring them up to speed or fire them. If you have 10 salespeople, chances are two or three of your team members do way more than 80 percent of the work. 80-20 with Staff and team membersĨ0 percent of sales come from 20 percent of the sales team. You will see massive results and a massive difference when you do this. Your job will be to identify which products or services give you 80% of your sales, and then focus and refocus your resources on the top performing products or in the top 50%. Two things you could do to improve and optimize your sales:ġ- Fire the bottom half of customers and still make almost the same amount of money or almost 90% of your existing salesĢ- Upsell them and work on them to bring them up to the top 20% Products and 80-20Ģ0% of your products or services that you offer, bring in 80% of your sales. You will notice that 50-60% of your clients that are at the bottom of the list, give you less than 10% of your sales. Customers and 80-20Ģ0 percent of your customers give you 80 percent of your sales. So for time management, your job would be to track where your time is spent and which tasks create 80% of the results.Īnd if you're focusing most of your time on tasks that don't create the results that you're after, whether it is sale, whether its completion of a product, whatever it is that you're trying to do, if it's not happening, chances are your time is going into a wrong activity, so identify and change it. And how you can improve your processes, your costs, your sales and everything.Ĩ0/20 principle with life and daily activitiesĢ0% of your tasks and the stuff that you do, create 80% of the results. I'm going to give you some examples today on how it applies to your business, and how it can save you countless, light years of work and headaches. He notices that 205 of the people controlled 80% of the land! Pareto Principle Examples: And saw similar patterns in the distribution of wealth and land in Italy. He saw that say 20% of the population eats 80% of the food. In 1897, about 100 years ago, he saw patterns in stats and numbers. So, the story is: an Italian Economist named Vilfredo Pareto, lived in Italy from 1848 to 1923. Whoever reads this book, it will impact your life like you cannot believe. You don’t have to be in business to read this book. It's an absolute must read for every business owner, every manager, everybody, I picked up this book on the advice of Tim Ferriss (the guy who wrote The Four Hour Workweek), and it is an absolutely amazing book. Today I'm doing a book review on The 80/20 Principle, The Secret to Achieving More With Less by Richard Koch.
0 kommentar(er)
