It was in the middle of the afternoon, and I was hungry. Nothing in the kitchen to eat a decent, so he had to go and something to eat.
The opening of a new book shop in the city, one of the places large and a Starbucks coffee shop in the upper floors. Since I had not read the book for some time, I could kill two birds with one stone (I hate to say), and then eating and reading.
I work the door. After the last batch of Trump book, I found what I was looking for:
The principle of 80-20, Richard Koch.
Read the back cover, and says that ... 80 percent of the gross activity of about 20 percent of the arrivals.
How can this help you to earn more money on eBay?
In addition, the request of the 80-20 principle, will depend on whether the concept of the Bay, and I used. Let's just say that it is in a "niche" market, and trade in antiquities, some art, I do not know much about antiques, but let's say you are buying and selling Chinese antiques. Well, what can be found here is that you are the same people who buy these antiques repeated. In other words ...
80 percent of the company from 20 percent of the customers.
The implications of this? First, the match of such products 20 percent. If you buy X, the tenth to give more.
In addition, make sure that these customers are happy already, because this is the opportunity to spend more money on eBay, which is where the biggest profits lie. For further thinking what they want, and more free of charge to the establishment of permanent contacts, but for them, and so on.
It may also find that 80 percent of the main products in 20 percent of the suppliers.
You can also 80 percent of the problems come from 20 percent of the products, and within this number 80% of the problems come from 20 percent of the trouble! Or, as a general rule, 80 percent of the problems in 20 percent of the customers. Also, you may find that 80% of the profits in a given year from a selection of articles - perhaps 20 percent of this Article, profits, and the rest are below average.
But here is the attention.
View, self-evident, what to do - if you are one of the products, and lose, and some of them to win - is an attempt to "work" for the loser, so it is faster. It is not so, according to the principle of 80-20. Instead of worrying, because these losers, we want to do more with a small number of those who win.
Strange voices, Huh?
Because most of the people, and try to work with the losers ... It would try to accelerate. Also, the author of this book is that rather than say, should focus on your efforts to better what can be done:
That 20 percent of the production of 80 percent of the results.
This is true. You are not to improve the 20 percent ... You work hard with the 20 per cent, and the production of 80 percent of the results!
Appears to be a good thing, and stupidity - and non-intuitive. They believe that if you have ten products, and eight bad ... Also, most people, is a natural reaction to try to implement the results of the bottom eight. - Uh, uh. Go in the other direction. Trial, and the results of the best two.
Or, in the case of suppliers, and focus more on the best two. Or, if you have a mailing list of customers, and focus on the highest 20 percent. How? As I said, in addition to the right ... Perhaps reward them with free gifts and so on.
What if you sell products in bulk? What if you sell the same product over and over again?
What next? You have to focus on the losers in an attempt to improve it? - Uh, uh. Perhaps a mistake. The experience of winning ... The attempt to implement what has been the results of the work.
I will give you the practical, real world in the current example. I tried to introduce the product. It went very well. In fact, went well and better than I expected. Only now that I happen to sell the same product again and again - with the majority. But what can I do to expand? The logical thing would be for more products.
But no. Instead, I have the same product again to find - right next to match the product!
This is true. Just the same product can be found again in about the same time (ie, at the same time with one of them), but with a different picture. It sold almost good. It is more than 80 percent of the profits.
See, rather than diversification, and the impact of the 80/20 principle is in fact anti-diversification. Because it is not in new markets, etc., should perhaps focus more on the status of current works very well for me, and yes - to work with existing products, which are working well. After that the product is the "reach", and I have a lot of ways in which they can (which is the focus of the post), and then I can try other products in this market, which has already been achieved good results for me.
Meaning?
What we are doing here is the opposite of the diversification of our business in eBay. It focuses exclusively on what is most effective at the present time, and the way to work in order to provide good results.
What is the best outcome now? Attempt such a list. In an attempt of new categories, descriptions and pictures are different.
Who are the best customers? Sale, to ensure that they are good.
Where they are more profitable now? Instead of trying to intervene in a logical way to try a different approach and focus on the most effective at this time.
Most do not think any of these things! Very few do! If you think for a moment to stop, may be surprised. If you analyze, and perhaps I was more surprised. It could also just a product company, and this is the product that deserves much more attention.
Therefore, I urge you to consider parts of your business at the site of eBay, which can be applied the principle of 80-20 - and how to use them, so spending more money on eBay.
READ MORE - Secret that will help you to earn more money on eBay
The opening of a new book shop in the city, one of the places large and a Starbucks coffee shop in the upper floors. Since I had not read the book for some time, I could kill two birds with one stone (I hate to say), and then eating and reading.
I work the door. After the last batch of Trump book, I found what I was looking for:
The principle of 80-20, Richard Koch.
Read the back cover, and says that ... 80 percent of the gross activity of about 20 percent of the arrivals.
How can this help you to earn more money on eBay?
In addition, the request of the 80-20 principle, will depend on whether the concept of the Bay, and I used. Let's just say that it is in a "niche" market, and trade in antiquities, some art, I do not know much about antiques, but let's say you are buying and selling Chinese antiques. Well, what can be found here is that you are the same people who buy these antiques repeated. In other words ...
80 percent of the company from 20 percent of the customers.
The implications of this? First, the match of such products 20 percent. If you buy X, the tenth to give more.
In addition, make sure that these customers are happy already, because this is the opportunity to spend more money on eBay, which is where the biggest profits lie. For further thinking what they want, and more free of charge to the establishment of permanent contacts, but for them, and so on.
It may also find that 80 percent of the main products in 20 percent of the suppliers.
You can also 80 percent of the problems come from 20 percent of the products, and within this number 80% of the problems come from 20 percent of the trouble! Or, as a general rule, 80 percent of the problems in 20 percent of the customers. Also, you may find that 80% of the profits in a given year from a selection of articles - perhaps 20 percent of this Article, profits, and the rest are below average.
But here is the attention.
View, self-evident, what to do - if you are one of the products, and lose, and some of them to win - is an attempt to "work" for the loser, so it is faster. It is not so, according to the principle of 80-20. Instead of worrying, because these losers, we want to do more with a small number of those who win.
Strange voices, Huh?
Because most of the people, and try to work with the losers ... It would try to accelerate. Also, the author of this book is that rather than say, should focus on your efforts to better what can be done:
That 20 percent of the production of 80 percent of the results.
This is true. You are not to improve the 20 percent ... You work hard with the 20 per cent, and the production of 80 percent of the results!
Appears to be a good thing, and stupidity - and non-intuitive. They believe that if you have ten products, and eight bad ... Also, most people, is a natural reaction to try to implement the results of the bottom eight. - Uh, uh. Go in the other direction. Trial, and the results of the best two.
Or, in the case of suppliers, and focus more on the best two. Or, if you have a mailing list of customers, and focus on the highest 20 percent. How? As I said, in addition to the right ... Perhaps reward them with free gifts and so on.
What if you sell products in bulk? What if you sell the same product over and over again?
What next? You have to focus on the losers in an attempt to improve it? - Uh, uh. Perhaps a mistake. The experience of winning ... The attempt to implement what has been the results of the work.
I will give you the practical, real world in the current example. I tried to introduce the product. It went very well. In fact, went well and better than I expected. Only now that I happen to sell the same product again and again - with the majority. But what can I do to expand? The logical thing would be for more products.
But no. Instead, I have the same product again to find - right next to match the product!
This is true. Just the same product can be found again in about the same time (ie, at the same time with one of them), but with a different picture. It sold almost good. It is more than 80 percent of the profits.
See, rather than diversification, and the impact of the 80/20 principle is in fact anti-diversification. Because it is not in new markets, etc., should perhaps focus more on the status of current works very well for me, and yes - to work with existing products, which are working well. After that the product is the "reach", and I have a lot of ways in which they can (which is the focus of the post), and then I can try other products in this market, which has already been achieved good results for me.
Meaning?
What we are doing here is the opposite of the diversification of our business in eBay. It focuses exclusively on what is most effective at the present time, and the way to work in order to provide good results.
What is the best outcome now? Attempt such a list. In an attempt of new categories, descriptions and pictures are different.
Who are the best customers? Sale, to ensure that they are good.
Where they are more profitable now? Instead of trying to intervene in a logical way to try a different approach and focus on the most effective at this time.
Most do not think any of these things! Very few do! If you think for a moment to stop, may be surprised. If you analyze, and perhaps I was more surprised. It could also just a product company, and this is the product that deserves much more attention.
Therefore, I urge you to consider parts of your business at the site of eBay, which can be applied the principle of 80-20 - and how to use them, so spending more money on eBay.