The 80/20 Rule is a basic business guideline. It says that any business will get 80% of its revenue from just 20% of its offerings or services. For example, we should expect McDonald’s to earn 80% of its revenue from just 20% of its menu items. This makes sense; almost everyone orders either a Big Mac or a Quarter-Pounder with Cheese. Really, most of the menu is revenue neutral; the only reason to even offer a lot of that stuff is to make it easier for Big Mac lovers to bring their non-Big Mac friends into the store. It’s the Big Macs that are keeping McDonald’s in the black.
|Happy New Year!|
Blogging is the same but moreso. Much more than half of this blog’s readership has come from a handful of posts, and the rest is here either to entertain me as a writer or to give legitimate fans of my writing a reason to come back on a semi-regular basis.