Posts Tagged ‘80/20’

The Long Tail Book Review: Chris Anderson

Sunday, August 10th, 2008

The above picture is the revised updated edition that just came out for by . I just got done reading the 2006 version of the book yesterday, and I really enjoyed it. I have been reading it off and on all month long.  This book really highlights the world we live in today with technology, , and the we find ourselves with every day. I have been thinking this way for a very long time, and I was happy to see someone wrote a book about it.  We are in a world with infinite possibilities, unlimited shelf space.  Because we have we have to be given ways to make choices, whether by price, size, popularity, reviews, we need the tools. The idea of is how we are becoming more and more of a niche society in our tastes, and it’s not about the short head or the hit anymore.  Hit meaning hit tv show, hit record, it’s not about the masses anymore.  In the future the hits won’t be forced upon us, we will get to choose with unlimited shelf space, and we then will see what is most popular, or maybe everything will be somewhat popular.  It’s important to realize with popular sites like Ebay, Google, itunes, we are able to have so many possibilities to find exactly what we want, and the reason is with the internet it’s becoming very economical to do so.   We are finding that categores are being created, and micro niches are being made up every day.  I would read this book and stay tuned to this concept for many years to come. It can either be a bad thing or a good thing depending on how you play it. I find it to be important as a consumer but also as a business owner that caters to consumers.  This is best being seen with search engines, search queries, movies, DVD’s, music, etc.  It’s the idea of Netflix vs. Blockbuster.  The idea of Amazon vs. Borders books.  Read the book to see how many more selections one has over the other, I think you may be surprised how great it is.  In the future we will see new artists emerge through video, music and other mediums of marketing.

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80 20 Rule: The 80/20 Principle Audio Review

Tuesday, June 3rd, 2008

Rule: The Principle Audio Review

I just got done a few hours ago listening to the Principle.  I actually listened to the majority of it a few weeks ago, just the last hour tonight.  This was a very good audio set.  I found that I Liked it more and more as I listened to it. I am a big fan of the E-myth Revisted  This kind of had the same mindset. This idea of focusing on the 20% of things that are worth your time, and not on the 80% of stuff that isn’t worth your time.  At first I had always thought of this concept as it relates to business and making money and also how you spend your time.  The way it was explained on this audio series was about applying the 80:20 principle to everything in your life.    The Principle is also known as the “Pareto principle”. The idea is that 20 percent of the customers account for 80 percent of the sales and profit.  20% of the time we spend accounts or 80% of the work we accomplish.  This is a famous idea, that has been around for many years.

The idea is to accomplish much more with much less effort and time.  Basically quit wasting your time on things that really are time wasters or dont’ make you any money or accomplish anything, really focus on what is productive.  It takes a lot of practice to do this.  You become more efficient and effective if you apply this principle.   This book tells you how to think “” in all areas of your life.  This is a 6 CD set.  You should see it listed on www.RonOrr.com

Here is the rule as explained by Brian Tracy

http://www.youtube.com/watch?v=nCeZlVjsSjs

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