pareto’s principle

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The Long And Short of The Long Tail

When you have to make the decisions about where you are going to spend your marketing efforts, it really helps to have a sense of what your market is like statistically. In my post about the 80/20 Rule I talked about how a few activities can produce the majority of your successes, profits or even problems. On the other side of the equation you have the unique and obscure diversity of what is known as “The Long Tail”. Out of The 80/20 Rule Comes “The Long Tail” The principal behind the 80/20 Rule is called a power law distribution. This [...]

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