Do you believe in the 80/20 rule when it comes to life and IM?

21 replies
Most of us have heard of the 80/20 rule. In other words, 80% of our success comes
from 20% of our efforts.


I'm sure lazy people like me love this principle.

Originated by the Italian economist Vilfredo Pareto in 1897
it is also known as the Principle of Least Effort.

I think this rule is more common than we think in most areas of success in life.

20% of the people in the world have 80% of the money. 20% of the Hollywood actors make 80% of the money. 20% of the athletes made 80% of the money. 20% of the affiliates make 80% of the money. 20% of your Email list subscribers give you 80% of the money.

If I understood this correctly it means that 80% of your effort and hard work is irrelevant and will not yield any results

The hard thing is probably finding that 20% that matters most, and ignoring the rest.

What do you think ?
#80 or 20 #life #rule
  • Profile picture of the author evilclown
    That's why lazy people usually does not make it, always in the struggle. The rule is not that simple. The concept is simple but often people does not know how to apply it.

    The easiest way to explain it is as follow. If you give your 100% best absolute to what you doing, 20% of that effort will be the 80% of your results. Been the absolute best will yield great results. But if you give your 20% with a lazy mentality or attitude, 20% of that effort will be your 80% results. With a laziness attitude your results will be very lazy as well.

    I recommend you read The One Thing by Gary Keller.

    Note: The following link is an amazon affiliate link.
    The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results
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    • Profile picture of the author CityCowboy
      Originally Posted by evilclown View Post

      That's why lazy people usually does not make it, always in the struggle. The rule is not that simple. The concept is simple but often people does not know how to apply it.

      The easiest way to explain it is as follow. If you give your 100% best absolute to what you doing, 20% of that effort will be the 80% of your results. Been the absolute best will yield great results. But if you give your 20% with a lazy mentality or attitude, 20% of that effort will be your 80% results. With a laziness attitude your results will be very lazy as well.

      I recommend you read The One Thing by Gary Keller.

      Note: The following link is an amazon affiliate link.
      The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results
      I see no link bro.. and btw i don't buy them i get them free, not enough money that's why.
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    • Profile picture of the author Corey Taylor
      Originally Posted by evilclown View Post

      That's why lazy people usually does not make it, always in the struggle. The rule is not that simple. The concept is simple but often people does not know how to apply it.

      The easiest way to explain it is as follow. If you give your 100% best absolute to what you doing, 20% of that effort will be the 80% of your results. Been the absolute best will yield great results. But if you give your 20% with a lazy mentality or attitude, 20% of that effort will be your 80% results. With a laziness attitude your results will be very lazy as well.

      I recommend you read The One Thing by Gary Keller.

      Note: The following link is an amazon affiliate link.
      The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results
      Just download the book to read it.

      It's one of the things I must really master, I can get easily overwhelmed and start too many projects at the same time.

      Thank you for this!
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  • Profile picture of the author amaziff
    I know that concept for many years and I like it. Since it's pretty simple of course it can't be applied to everything in general. I think that for many things it works pretty good.

    It's many times also true that most of the income comes from very few things. Successful things. On the other hand we could discuss how to recognize potentially successful things and focus on them.
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  • Profile picture of the author Steve B
    Originally Posted by CityCowboy View Post

    If I understood this correctly it means that 80% of your effort and hard work is irrelevant and will not yield any results

    That may be your perception, but I don't think it has to be that way.

    Anyone would be crazy to accept the fact that "80% of their effort and hard work was irrelevant" as you stated.

    If you knew that were the case, why wouldn't you stop doing the 80% and focus on the 20% that was giving you the results you want?

    Don't tell me you can't figure out where your best results are coming from. Just analyze the results and you'll see the actions that you took to get the wanted results. That's the easy part because results don't lie . . . they leave a trail back to the corresponding actions that brought them about.

    Why don't people stop doing things that don't give results? Answer that question and you'll understand why people can't lose weight, why they can't give up smoking, and why folks can't make money online.

    Steve

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    • Originally Posted by Steve B View Post

      That may be your perception, but I don't think it has to be that way.

      Anyone would be crazy to accept the fact that "80% of their effort and hard work was irrelevant" as you stated.

      If you knew that were the case, why wouldn't you stop doing the 80% and focus on the 20% that was giving you the results you want?

      Don't tell me you can't figure out where your best results are coming from. Just analyze the results and you'll see the actions that you took to get the wanted results. That's the easy part because results don't lie . . . they leave a trail back to the corresponding actions that brought them about.

      Why don't people stop doing things that don't give results? Answer that question and you'll understand why people can't lose weight, why they can't give up smoking, and why folks can't make money online.

      Steve

      Save
      It can actually be very difficult to trace back what is working and not working in life, the cause and effect of our current problems. This is especially true when long periods of time have passed with very little reflection. This is usually the reason marriages fail, it's a steady gradual buildup of neglect, doing the wrong little things each day, and eventually it falls apart and no one can really say why.
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    • Profile picture of the author discrat
      Originally Posted by Steve B View Post

      That may be your perception, but I don't think it has to be that way.

      Anyone would be crazy to accept the fact that "80% of their effort and hard work was irrelevant" as you stated.

      ]
      A lot of the 80% that seemed like a Waste was really NOT a waste. It may NOT have directly benefited the bottom line but many times this 80% of"waste" is invaluable experience attributed to the school of hard knocks


      - Robert Andrew
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  • Shoot an arrow at a target, an' you gotta think back from when the head pierces the bullseye.

    Prolly that arrow gotta fly a long way.

    An' even before eye an' sinew combine to pull back on the string all accurate an' deftly handled, there's a whole buncha stuff to be done learnin' to sit the arrow in place an' steady yourself.

    Before that come the whims an' fancies sawya get a bow for your birthday insteada a pony.

    So prolly we are talkin' visible results here, an' makin' the mistakea thinkin' that all the other indirect an' seemingly inconsequential efforts made counted for nuthin'.

    This is especially true when you wanna fire a pony at a target 35 yards away.
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    Lightin' fuses is for blowin' stuff togethah.

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  • Profile picture of the author sterlingtek
    About 10 years ago I received a copy of Richard Koch's 80/20 principle from a consultant that was working with me. The consultant in question is one of the biggest names in marketing experiments. That one gift turned out to be worth more financially than any other gift I have ever received including many years of college. The only problem that you will have with it is application.
    • Measure Profit - (create an automated system to do this if possible)
    • Analyze - Where your profit is coming from
    • Modify - Your marketing efforts
    • Measure - Your effect and change tactics as needed

    We found that some items we were selling at a loss, some made almost no money and a few made us a consistently high margin. So what to do? We redoubled our marketing efforts for those items that make us good money and put a lot less effort into the others. Within a few months I was able to more than double our profit.

    Create a system around the idea with real data and I believe you will find it to be amazing.
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  • Profile picture of the author Simpilot938
    To discover what the '20%' is you have to try the whole 100%. Once you know your best 20%, that's where you concentrate your initial effort. Of course, you will find the 80/20 applying again and again, even as you narrow your effort.

    Then of course, you get into the law of diminshing returns - where it takes a lot more effort to see only a small gain. Hopefully by this time you will have gotten your first business to a place where it almost runs itself and you can begin your next phase.
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  • Yeah, I mean it's not an exact science kind of thing, but in real life, things do seem to play out that way. This can definitely be applied in a way that will help you focus on what is most important, but it's also important to understand how this principle manifests over time with activities that don't seem to be producing immediate results.

    For example, it's not always necessarily that 80% of the things you do are pointless, like you could just stop doing those things completely and only focus on the 20% that produces. It's more like success is a compound effect that occurs over time, and the last 20% of what you do produces 80% of your results.
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  • Profile picture of the author Cary Joseph
    I think the 80/20 rule applies to all aspects of life except your own. When you have a bunch of personalities working together, of course there will be harder workers. But if you try and apply that to your daily life it wont make sense. Nobody that is successful wastes that much of their time. The successful ones optimize their time so they are only exerting energy towards useful and profitable things.
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  • Profile picture of the author aizaku
    For IM testing paid traffic, sales copy and building out your email funnel. That's where you should be focusing your time and effort.

    for free traffic: keep to your daily quota of forum and comment posting

    2nd tier: one day a week- write up a post, create a video. Communicate with other bloggers and reporters.

    low priority: three days a month - opening emails, getting your site perfect, etc....

    anyways, if you're looking to succeed in IM then devote yourself to this: TRAFFIC - LEADS - OFFERS

    best of luck,
    Ike Paz
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  • Profile picture of the author Joshua Santos
    That 20% will be crafted by spending 80% of your time mastering the skills to flip the equation in the first place. In other words, the "autopilot sales" life is TRUELY available only to those who have mastered a skill. Mastering the skill takes time. Please don't listen to the hype out there..
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  • Profile picture of the author madstan
    To answer the OP's question answer this:

    What if you had a total of $100,000 saved up, you spent only $20,000 in different high yield stable stocks which you spent months researching and reading up on while leaving $80,000 in the bank for a mere 2% annual return? Which of the two would leave you wealthier in a year's time $20,000 investment or $80,000 savings?
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  • Profile picture of the author Oziboomer
    Originally Posted by CityCowboy View Post

    If I understood this correctly it means that 80% of your effort and hard work is irrelevant and will not yield any results

    The hard thing is probably finding that 20% that matters most, and ignoring the rest.

    What do you think ?
    Maybe take a different look at it.

    Here is a tool that you can have some fun with.

    It was developed by Perry Marshall author of Google Adwords Ultimate Guide fame.

    Useful if you want to run some of your data through it and want to find some "peak" areas to target.

    Check out the 8020curve and the ideas behind the theory.
    80/20 Curve

    Best regards,

    Ozi
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  • Profile picture of the author EPoltrack77
    I would have to say that you better! You can not play with certain things and this is one of them. All you have to do is stand back and look at the larger picture and pay attention and you will see it in everything you do!

    I think most of us is caught up in this system of things and are controlled by circumstances and events. You will never see it and it will pass right on by you...
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  • Profile picture of the author Kay King
    It takes a 100% effort to HAVE and identify 20% that produces most of the income....and then it takes 100% effort to build on that 20%....

    People who do that don't have to say....

    btw i don't buy them i get them free, not enough money that's why.
    If your goal with the Pareto Principle is to avoid 80% of the work, you will fail.
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    Saving one dog will not change the world - but for that one dog, the world will change forever.
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  • Profile picture of the author Michael Ten
    80/20 analysis can be quite useful in a lot of ways. Just try it! You'll see for yourself!
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  • Profile picture of the author thegreatamazing
    Yes, I always believe in this..

    The hard part is to find out what's that 20% that gives the most (80%) of your results.. Once you know that, you can then focus on things that really matter

    Charles
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    I'm one of the many who have made money with this :)
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  • Profile picture of the author KennyAmy
    I have been using the 80/20 principle for a while now. I apply it to my time management so that I can stay productive!
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