<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>WebProNews &#187; pareto principle</title>
	<atom:link href="http://www.webpronews.com/tag/pareto-principle/feed" rel="self" type="application/rss+xml" />
	<link>http://www.webpronews.com</link>
	<description>Breaking News in Tech, Search, Social, &#38; Business</description>
	<lastBuildDate>Mon, 13 Feb 2012 23:03:57 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
		<item>
		<title>Internet Marketing Long Tail Bashes the &#8220;80:20&#8243; Rule</title>
		<link>http://www.webpronews.com/internet-marketing-long-tail-bashes-the-80-20-rule-2007-06</link>
		<comments>http://www.webpronews.com/internet-marketing-long-tail-bashes-the-80-20-rule-2007-06#comments</comments>
		<pubDate>Wed, 06 Jun 2007 19:02:00 +0000</pubDate>
		<dc:creator>Andrew Wee</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[80 20 rule]]></category>
		<category><![CDATA[allen funt]]></category>
		<category><![CDATA[chris anderson]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[pareto principle]]></category>

		<guid isPermaLink="false">http://www.webpronews.com/?p=38248</guid>
		<description><![CDATA[<p>Wired editor-in-chief Chris Anderson (also the editor of &#8220;The Long Tail: Why The Future of Business Is Selling Less of More&#8221;) was in Singapore last week for the Media Leaders Series and his Long Tail theory has put paid to Vilfredo Pareto&#8217;s 80:20 rule.</p>
<p>An except from the Long Tail reveals how pervasive the Long Tail is, and how it put the 80:20 rule on its head.</p>
<p>Meeting Ecast CEO Robbie Vann-Adib, Anderson is asked what percent of the top selling 10,000 digital music tracks are sold or rented at least once a month.</p>]]></description>
			<content:encoded><![CDATA[<p>Wired editor-in-chief Chris Anderson (also the editor of &ldquo;The Long Tail: Why The Future of Business Is Selling Less of More&rdquo;) was in Singapore last week for the Media Leaders Series and his Long Tail theory has put paid to Vilfredo Pareto&rsquo;s 80:20 rule.</p>
<p>An except from the Long Tail reveals how pervasive the Long Tail is, and how it put the 80:20 rule on its head.</p>
<p>Meeting Ecast CEO Robbie Vann-Adib, Anderson is asked what percent of the top selling 10,000 digital music tracks are sold or rented at least once a month.</p>
<p>According to Pareto&rsquo;s original principle, 20% of Italy&rsquo;s population controls 80% of it&rsquo;s wealth.</p>
<p>In today&rsquo;s context, 80% of car accidents might be caused by 20% of car drivers. 80% of a computer&rsquo;s resources might be used by 20% of the applications, 80% if your online income might come from 20% of your efforts.</p>
<p>So the Pareto principle should relate to Ecast&rsquo;s digital music library right?</p>
<p><strong>Wrong</strong>.</p>
<p>Vann-Adib reveals that 99% of the top 10,000 tracks are sold or rented at least once a month.</p>
<p>Has the Internet long tail sounded the death knell for the Pareto principle?</p>
<p>Should the 80:20 rule be replaced by the 99:1 rule?</p>
<p>It&rsquo;s hard to reach any conclusions, but one thing&rsquo;s for certain: As long as you have a digital presence, given the global reach of the Internet, you are bound to reach someone.</p>
<p>That&rsquo;s the premise of the &ldquo;Long Tail&rdquo;, isn&rsquo;t it?</p>
<p>Like Allen Funt used to say on Candid Camera, somewhere out there, sometime, somehow, don&rsquo;t be surprised if someone comes up to you and says &ldquo;Candid Camera!&rdquo;. Except in this instance, you will see a transaction completed, even if you&rsquo;re in an obscure niche.</p>
<p>Perhaps the Internet has collapsed the six degrees of separation into one or two degrees.</p>
<p>The lesson to take from this, especially for newer Internet Marketers is that you need to be out there.</p>
<p>As my friend Sam likes to say, You need to have done something yesterday.</p>
<p>Being out in the virtual market means you&rsquo;ll have a chance to building a list, closing a sale, forming a joint venture.</p>
<p>As long as you&rsquo;ve not set up a blog, a website or participated in a forum, you might be as prominent as the Sue Richards, the invisible woman.</p>
<p>It&rsquo;s hardly a position to be one of the &ldquo;Fantastic Four&rdquo; or Fantastic One, regardless of whichever niche you might be in.</p>
<p><a title="Comment on Long Tail" href="http://www.whoisandrewwee.com/internet-marketing/the-internet-marketing-long-tail-bashes-the-8020-pareto-principle/#postcomment">Comments</a></p>
<p><span class="UTWPrimaryTags"></span></p>
]]></content:encoded>
			<wfw:commentRss>http://www.webpronews.com/internet-marketing-long-tail-bashes-the-80-20-rule-2007-06/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

<!-- Performance optimized by W3 Total Cache. Learn more: http://www.w3-edge.com/wordpress-plugins/

Page Caching using memcached
Database Caching 1/9 queries in 0.047 seconds using memcached
Object Caching 199/212 objects using memcached

Served from: webpronews.com @ 2012-02-13 19:51:29 -->
