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Leverage the Pareto Principle for Abundant Success

By: jwilder

You can apply the Pareto Principle to success. The key insight of the Pareto principle is many things in life are not distributed evenly.

Vilfredo Pareto, an Italian economist, noted a pattern while at the University of Lausanne in 1896.

"Pareto noticed that approximately 80% of Italy's land was owned by 20% of the population. He then carried out surveys on a variety of other countries and found to his surprise that a similar distribution applied." -Wiki

Being aware of this principle and applying it to our specific area of service can be enlightening. For example, we might start with the idea that 20 percent of wedding photographers in my city get 80% of the business.

This is not a law, but it is a common pattern of distribution. It is a place to start. We want to be in the 20% zone so we can access 80% of the business.

There are many strategies to get us to the 20%. We could advertise more than others. We could be the most skilled. We could offer the highest in customer service. We could be reliable. The key is, always leverage your strengths. For example, if you have limited experience, leverage something you have that is just as valuable.

This is why success principles are so valuable. Most people rely on their skill and improvise on the rest. Those who leverage success principles have a greater possibility of operating in the 20% zone. The higher our success (the 20% zone) the more leverage we have. The more leverage we have, the more we can grow. It is a success feedback loop!

Think about the different ways the Pareto Principle can be applied in everything in your life.

To your success!

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James Wilder

I write about success principles and practices that help dreamers take action and achieve their goals! I believe that success is for anyone that truly desires it.


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