Eighty Twenty
by Andrew Smith on 23/01/06 at 3:22 pm
1 comment
The much vaunted “80/20″ rule seems to be applying itself to the Bug Zapper. The rule basically says that 80% of your work/profit/income comes from 20% of your customers.
So far there have been 95 orders for Bug Zappers, totalling 243 rackets. Some people buy a few at a time, and some buy lots (the biggest order so far is for 36). The ten biggest orders account for 120 rackets, which is nearly half of the total sold. The top 20% of customers account for 63% of all rackets sold.
OK, it’s not quite 80%, but close!
Andrew Smith is the pedantic systems guy behind Live Alchemy, a SA e-commerce company. Andrew writes for Ideate in an attempt to make the world a more efficient place. View more articles by Andrew Smith.
Shane
Jan 23rd, 2006
So now we just need to find someone to boost the numbers a bit! Any takers?
Come on world…support the 80/20 rule!