In business we must not forget Paretos principal (80-20 rule), which states that 80% of the effects come from 20% of the causes.
80% of the output come from 20% of the input.
80% of the profits come from 20% of the customers.
I wonder if this principal applies to a social media marketing strategy?
In Gary Vannerchuck’s new book “Crush It!,” he explains that his social media strategy for tv.winelibrary.com was, at the beginning, to spend 10% of his time creating killer content and 90% of his time interacting with people online (leaving comments on hundreds of blogs with links back to his site). As people started to leave comments on his website he then allocated a chunk of that 90% to responding to those comments.
If Paretos principal applies, 20% of the people Gary interacted with, resulted in 80% of the attention received on his website.
If this holds true, you can save a lot of time by identifying the 20% of people online who will spread the your message the fastest.


2 comments
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November 24, 2009 at 3:03 am
seda
so this is Mr. Pareto
Nice to see him as well after Porter in the class
It definitely would save time to identify the %20 however i think that %20 would not be the same always since people lose interest and etc. so you should have an easy way to monitor (probably there is but i dont know) and easily adapt yourself to the change
November 26, 2009 at 12:48 am
guypage
For sure Seda. Some kind of analytic tool would be useful to identify who the biggest “sneezers” are.