soliretro.blogg.se - The 80 20 principle

#The 80 20 principle how to#

Use the 80/20 principle in your personal life Now that you are able to see how the 80/20 rule works, you want to start applying it right away to your own life. We’ve written an awesome article on personal outsourcing that you can use to outsource your 80% activities. You can eliminate the 80% by having someone else do it.

If you think what you are doing is “busywork”.

Always racing against the clock on getting certain things done (short-term vision).

Doing something against your will or you don’t want to do it.

You are doing something that will bring you no value, but you just do it because someone told you to do it.

Here are some tips for identifying the 80% activities that you want to eliminate as much as possible:

#The 80 20 principle how to#

How to eliminate the non-essential 80 percentĪnother way to better manage your time is by cutting out the 80%, so you remove all things that bring you minimal results.

You have the long-term vision in mind so you are willing to do things that are not as pleasant but you know that the long-term will benefit.Ĭan you identify your 20% activities? Yes? Now you know what you really should be focusing on and how you should spend your time.

You are delegating things you know others can do better or cheaper.Segment what brings you the most revenue, happiness, or desired result.But don’t worry, we’re here to help you out! How to recognize the vital 20 percent Especially if you are someone who is overwhelmed with information and things to do. You need to perform an honest analysis of your projects and tasks. To effectively use the Pareto Principle you have to have the ability to identify the the little things that give you the most results. You can easily outsource those 80% processes so that you can focus on your 20% activities. Writing content is the 20% that will give you 80% of your desired results, whether that is more comments, traffic or exposure. Things like setting up your blog, maintaining the blog graphics, moderating comments, etc. Anything else besides writing awesome content is considered the 80% that will only give you that 20%. When you apply the idea of 80/20 to blogging, it is all about the content of a blog. How can you apply the Pareto Principle to blogging? For most bloggers, writing is their cornerstone skill that will generate most of their desired results and having awesome content is the foundation of a good blog. Example: The 80/20 Rule for Bloggersįor example, let’s say you are a blogger. Anything that does not fall in your important 20% or strengths, you should look into having someone else do. By focusing on your strengths (20%) you are able to generate your important results (80%). The Pareto Principle is another way of looking at this. It also goes back to the idea that you should always focus on your strengths instead of trying to cover up your weaknesses. The 80/20 rule permeates every part of your life. Guess with which affiliates I spent most of my time with? Yes, the 5 percent. In fact, it was more like 95/5: 5% of all affiliates would generate 95% of the company’s affiliate sales. One day after analyzing revenue numbers of affiliate sales, it turned out that the 80/20 rule was in play too. I didn’t have enough time, resources and energy to work with every affiliate with the same focus.

While I had to work with dozens of affiliates, I knew that I couldn’t treat every affiliate with the same priority. They were essentially extended sales people for the company. I used be an affiliate manager and part of my role was to ensure that affiliates would generate revenue for the company. Key Outcomes with the 80/20 Rule 1. Improve Focus and Productivity 80/20 Rule Chart showing the Pareto Principle. In other words, 90% of the results come from 10% of the actions or 95% of the results come from 5% of the actions. The rule states that 20 percent of the effort will account for 80 percent of the results. The 80/20 ratio is just to signify the idea, but it not uncommon to be skewed towards 90/10 or 95/5. Pareto noticed that approximately 80 percent of land in Italy was owned by 20 percent of the population. In what later became known as the Pareto Principle (80/20 rule), he recognized something profound: it is the little things that account for the majority of results. Italian economist Vilfredo Pareto discovered that 80 percent of the wealth of his time was generated by 20 percent of the people. The Pareto Principle, more popularly known as the 80/20 rule, will make you more conscious about how you should spend your time. As common sense as that may seem, the majority of us are not consciously aware of this. By being able to do the right tasks, you will avoid wasting time on things that don’t matter. One habit that high achievers have is the ability to focus on the tasks that will give them the greatest benefits.