Pareto Principle: The Idea of Getting More through Less Effort
We have been taught, trained and possibly ‘brainwashed’ with the concept of in order to get what we want, we have to do more than the day before.
For example, to get huge incomes through Internet, there are a lot of tips and advice especially through ‘make money online’ blogs’ authors who consider themselves as experts, are also telling us the same thing.
However, there is one question for you – are those advice and tips are absolutely accurate?
I do always believe that there are always alternatives in everything that exist in this world as long as we keep looking for those alternatives and keep pushing ourselves to think outside our box.
There are always two sides for a coin, right?
What is Pareto Principle?
For me, there is an alternative for the idea of ‘work more to earn more’. This alternative is called Pareto’s principle – a principle that was first introduced in 1906 by Vilfredo Pareto. This principle has also been called other various names such as; the Law of Vital Few, the 80/20 rule and the Factor of Sparsity.