Today’s lesson is diminishing marginal futility ✎ By Wayne K. Spear
I’m going to stop 80% of what I’m doing, right now.
We’ve all heard of the 80/20 rule, known as the law of unequal distribution.
– Eighty percent of your business is driven by twenty percent of your customers.
– Eighty percent of your profits come from twenty percent of your products.
– Eighty percent of the problems are caused by twenty percent of the people.
The idea is that roughly 80% of effects come from 20% of causes. Known as the Pareto Principle, the concept is named after the economist Vilfredo Pareto.
Pareto noticed that 80% of the peas in his garden came from 20% of the pea pods. He started looking around for other examples of the 80/20 rule.
He found them everywhere.
I think it’s more like the 90/10 rule, but 80/20 is not meant to be absolute. In any individual example, it could be 70/30 or 60/40 or even 99/1.
It will never be 100/100. That’s like buying only winning lottery tickets, and writing only #1 hit songs or #1 New York Times best-sellers.
I have almost 600 posts on this website, and over 80% of my traffic is generated by a half-dozen of them. That’s 80+ percent of traffic from 1% of posts, each and every day!
So I’m focusing on the 10–20 percent of my ideas and actions that get the results. And then I’m focusing on the 80/20 subset of that 80/20.
For example, I’m only going to write the 10% of the words that you’ll read, and leave out the other 90.
If we all did this, we could waste a lot less time.
But first you have to find the 20% of your pods where all your joy, fulfillment, happiness, money, and success come from.