Tuesday, January 31, 2012

How The 80/20 Rule Applies To Your Social Media Strategy

80-20The Pareto Principle, more commonly also known as the 80–20 rule, states that for many events, roughly 80% of the effects come from 20% of the causes. In business for example, 80% of a company’s profits tend to come from 20% of their customers, 80% of sales are made by 20% of the sales staff, and so on. For today’s music artist, this rule of thumb applies in a more indirect way in regards to how they should properly communicate with their audience.

View the full article on HypeBot.com!

No comments:

Post a Comment