My wife and I own Your Life Your Style, a shop based in Winchester and online, selling designer accessories for people and their homes. We also own The Lewis Experience, a Marketing and PR company specialising in entertainment and SMEs. We used to work in theatre marketing and played a key role in the success of The Mayflower Southampton. In this blog, I share a few observations on retailing, marketing, PR and the arts.
Thursday, June 12, 2008
Turn 20% into 80%
Thanks to Gary Bencivenga for reminding us about The Pareto Principle, which states that 20% of your customers give you 80% of your business. He tells us that it also applies to other aspects of your life. For example, you probably wear 20% of the clothes in your wardrobe 80% of the time. Most people find that they only spend 20% of their working week doing that which gives them 80% of their satisfaction. When I was a manager, I spent most of my time doing tedious admin. Now, as a freelance marketer, I spend nearly all my time on writing and PR, make a bit more money and- most importantly- am much happier.
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