The Numbers Game

The Numbers Game

Here’s one of the single most powerful tool you can use to organize your business.

Its a numbers game.

The Pareto Rule

I love the Pareto rule. Vilfredo Pareto was a nineteenth-century Italian economist who observed that 80 per cent of Italy’s wealth was owned by 20 per cent of the population.

For example, in your business, a vital few activities result in 80 percent of your income.

Twenty per cent of all your actions will account for 80 per cent of your results
Twenty per cent of your customers will account for 80 per cent of your sales
Twenty per cent of your products and services will account for 80 per cent of the value of what you do.

Another way of putting it is that if you have a list of ten tasks, two of those tasks will be far more valuable than the other eight tasks put together.  Each of the tasks may take the same time to accomplish, but one or two of the the tasks may contribute five
or ten times the value.  Sometimes just one task can be worth more than the other nine together.

The Pareto rule relates to efficiency. It means focusing on stuff that matters rather than spreading yourself thin. Unfortunately for most people trying to make money online, they are stuck on the wrong side of the Pareto Principle. They keep focusing on the 80 percent of their time that delivers hardly any return.  Sounds familiar?

It’s easy to constantly get distracted from your main line of work, especially if you are working from home. So how can you fix this? I recently read this interesting book about time management and it helped me put my online business back on track. Need help to manage your time? Read the latest tips here!

Simply Marvelous way to Making Money Online

Home based business has increasingly become a very popular way in which to earn a primary or secondary income. Making ends meet with a ’standard’ job is not always possible. Making money online is possible, and it can be done without buying every single how-to book out there. You just need to read the right book!

Making money online is not that difficult but it does require consistent effort and planning. A well thought out business plan and monetization strategy can save you lots of heartache later on and make you more money in the long run.

Businesses have moved from conventional marketing methods to the Internet. Business is business whether it is offline or online. You would not even contemplate going into business for yourself offline unless you had a few thousand dollars to get started and to cover any unforseen circumstances.
Internet marketing is extremely competitive and you should use all the avenues that are available to you in advertising your web site and products. Experiment with the various ways of viral marketing until you find the ones that work best for you.

Home based business opportunities are no easier than your regular job and don’t grow by themselves as you have to be willing to put the time and effort into your home business opportunity to get it off the ground and running. But I will be the first to tell you, once you do that you will enjoy all the fruits of your labour because there are millions of others trying to do the same thing you are and if you can get just a few people to become passionate about your opportunity, you will find it a lot easier to succeed.

Whether it is home based business opportunities, affiliate marketing, direct sales, internet sales, eBay, or anything related to making money online, knowing your purpose and having a passion about your niche will be incredibly useful and powerful further down the road.  Stay tuned, more to come!!

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