Pareto’s Principle – 5 Implications For Online Businesses

The Pareto Principle applies to a variety of economic and business situations and states that roughly 80% of the outputs are directly attributable to only 20% of the inputs. This concept is also frequently referred to as the “80/20 Principle” or the “Law of the Vital Few.”The Pareto Principle is named for Italian economist, Vilfredo Federico Damaso Pareto who, in 1906, discovered that 80% of the land in Italy was owned by only 20% of the people. Later he recognized that same lop-sided relationship applied to other things as well (e.g., gardening).Note that the 80% and 20% are not absolute values; rather, it is simply the unequal distribution that is significant.1. Individual Considerations:The Pareto Principle reminds you to stay constantly focused on the 20% of the possible daily activities that really matter. Given the complexity of modern society, and especially the information overload introduced by the internet, it is very easy to become distracted and start spending time on things that (although they may be “urgent”) are not really important in determining your business success or your ROI.Simplify Your “To-Do List”
Of all the items on your “To-Do List,” only 20% really matter.
Eliminate those that are simply time wasters and need never be done.
Concentrate on Your Strengths, Not Your Weaknesses
20% of your time will generate 80% of your results.
Automate those things that can readily be automated.
Stay Focused on the 20%
Identifying the critical 20% helps you allocate your time efficiently.
If “fires” come up, and something has to slip, make sure it isn’t one of the critical 20%.
The “80/20 Individual” takes the Pareto Principle to heart and applies its findings to everyday life and everyday decisions. S/he concentrates on – and capitalizes on – individual strengths.2. Customer/Product/Service Implications:Consider the term “Product” to include both tangible (i.e., physical) products as well as services and evaluate how the following rule-of-thumb statistics might impact your business.Identify Key Customers & Best Performing Products
20% of customers account for 80% of profits.
20% of products account for 80% of sales.
Fix or Discontinue Product and Service Problems 80% of customer complaints cluster around the same 20% of products or services.Weed out “customers” that are really just window shopping and don’t dilute your time and resources on products and services that have a negative effect on your bottom line – draining time, energy, and money that could be better utilized elsewhere.3. Website Considerations:Distribution is about getting the products to the customer, and in an online world, much of that distribution happens via one or more of your websites.Identify Your Critical 20% Websites 20% of websites account for 80% of the hits.Determine Critical Traffic Patterns Roughly 80% of your visitors see only 20% of your website pages. (This stat holds true for both B2B and B2C, but may not hold true for pure content sites.)Check Your Web Traffic Logs You’ll find that a small number of keywords, search engines & websites give you the lion’s share of your traffic. The Pareto Principle can provide guidance as you apply SEO to your pages and optimize traffic patterns.4. Management Implications:Small companies, such as the bulk of internet businesses, drive the nation’s economy. Your small business will benefit if you understand how Pareto’s Principle affects your results.Evaluate Your Sales Force (Including Affiliates)
20% of a sales force produces 80% of the annual results.
The best 20% of any group is typically at least 16 times as valuable as the remaining 80 percent.
Just as major corporations need to manage their employees, you’ll need to identify key performers, nurture them, and encourage them if you want your business to be profitable.5. Advertising/Marketing Considerations:Use Pareto’s Principle to help you make good decisions about your marketing and advertising campaigns.Identify Your Best-Performing Ads and Marketing Campaigns
20% of your advertising will produce 80% of your campaign’s results.
20% of a marketing campaign will generate 80% of the responses, etc.
Identify your winning ads, and the placements that produce the best results, then test – test – test, constantly refining them to make them even better.If you’re running a small, online business, you’ve probably already discovered that there are many things demanding your attention at any given moment. One of the greatest challenges you’ll face each and every day is deciding how to invest your limited resources.Consistent application of Pareto’s Principle will help you increase your business’ productivity and overall efficiency, thus maximizing your profits.

How to Choose the Best Dental Office for Dental Treatment/Services?

Are you looking for a good dental office? How to choose a dentist overseas? How to choose a dental care centre which offers good service? Searching for the right dentist? These may be some of the questions on your mind if you’re looking for a well qualified dentist.

There are a few key points one should keep in mind when selecting a good dental office.

The most important is the qualification of the dentist. Ensure that the dentist is licensed in the country where he/she is practicing. Look for the credentials, dental school he graduated from and their experience in this field. It is definitely very important to find the right dentist for your dental needs whom you’re comfortable with. When searching for a good dental clinic, be sure you pick a place in which you will receive the attention that your require. It needs to be open conveniently and offer extended and emergency services to its patients. Low cost, affordable dental treatment and maintenance visits to the dental office are equally important factors.

If you are looking for a best dental clinic to solve your teeth problems, look for one which can provide quality dental services with client satisfaction. A good dental clinic should be well equipped with the latest in technology like Digital X-rays, Intra-oral cameras, microscopes, patient education video and monitors, latest equipment and a good quality dental chair. It is extremely important that they maintain ‘High Sterilization Standards’, list their ‘Clinical Protocols’, use branded and tested ‘Materials and Products’, and have a primary and experienced Dentist with other Dental Specialists in-office. A good and qualified dentist along with his team and other specialists should be able to provide a comprehensive and complete dental care for the individual and the entire family.

Most reputable and good dental offices have their own websites with provision for making appointments. Both Domestic and International Appointments can be made using these forms available on their websites. Some good dental offices will also have the provision for Online Consultation, ‘Live Chat’ and ‘Patient Feedback Forms’. Reading ‘Patient Testimonials’ either available in their websites or on Google is a very useful tool in assessing the quality of dental service and reputation of the dentist. Check for Memberships, Affiliations and other Certifications of the dental office.

To keep your teeth healthy, it is essential that you visit your dentist every six months called as ‘recall’ visits. During this visit the dentist will re-examine your teeth and gums, check for any decay or cavity, clean your teeth, and discuss tips to maintain your oral hygiene and emphasize on preventive dentistry. A good dental examination with proper X-rays is a must for proper diagnosis.

Today dentistry has evolved tremendously and even for those people who have lost their teeth, many affordable treatment options are available to stay healthy and regain their beautiful smile. Missing teeth can be replaced by implants, bridges, dentures or partials. With Teeth-in-an-Hour by Nobel Guide the patient can go home with a new set of teeth immediately after implant placement. You can get a new set of teeth right away and be able to eat immediately after the treatment. The Nobel Guide System means you can now replace your missing teeth with permanent solutions using dental implants – easily, quickly and comfortably.

Some extremely high end and reputable dental offices may also promote Dental Tourism in their city. Dental Tourism is one way whereby people from other countries travel and get their dental treatment done in another country like New Delhi, India. Due to the high cost of the dental treatment in the US and other European countries, some patients opt for combining their travel with low cost, economical dental treatment. Sometimes the combined cost of the travel along with the dental treatment comes out to more economical that getting the treatment done in their respective country. This comes in particularly useful for those people who do not have dental insurance or cannot afford the high cost of dental care in their country. Such dental offices offering dental tourism may also provide additional services to their out stationed patients like ‘Hotel Accommodation’, ‘Travel Agent’, ‘Pick-up/ Drop-off’ facility; and maintain ‘Safety with Private Parking’. ’32 Smile Stone’ Dental Clinic promotes dental tourism in New Delhi and since their dentist in a US graduate from the most reputable dental school in the USA, she pays detailed attention to her work and quality of service.

Dentistry had diversified into various specialties and many treatment options are available for Dental Care. Some treatment options include Implants, Metal Free Crown and Bridges, Veneers, Root Canal Treatment (single sitting) using rotary endodontics, Tooth colored filings, Cosmetic Gum Treatment, Invisible Braces, 1-Hour Zoom Whitening, Children’s Dentistry with prime focus on Preventive Dentistry, Dental Spa etc.

Cosmetic Dentistry also called as ‘Esthetic Dentistry’ is offered by experienced dentists who strive to combine function with esthetics. People with inborn defects can also approach esthetic dentists for restoration of the deformation. Even celebrities and models visit esthetic dentists to make their teeth more beautiful in photo shoots. Esthetic dentistry caters to many people either for necessity or for enhancing their smile.

Teeth and gums are the gateway to one’s oral health. This means that dental care cannot be assumed and requires regular visits to prevent problems arising from cavities or unhealthy gums. Hence it is important to take time out to help prevent future dental problems.

Dental Care Services and Plans

Many people usually neglect issues related to dental care such as taking good care of their gums, teeth etc. Dental care also involves treatment and prevention of diseases of the teeth and gums apart from the repair and replacement of defective teeth.

Gone are those days when dental services used to be an expensive option. Let us have a look at a few tips on how to find affordable dental care services:

1. Start by simply inquiring about a good dental plan from your co-workers, friends and relatives. Ask questions such as whether emergency service is provided, how easy it is to get an appointment, how much it costs, the different types of dental services and so on. Also inquire about whether the atmosphere of the dental care facility is reassuring and relaxing, behavior of the staff especially towards children etc.

2. Dental services are also provided at local dental schools at affordable and competitive rates. Some of these schools might offer to check and clean your teeth for free of cost. It should not be a problem to find a list of such schools in and around your area through internet.

3. In case you are new to an area, try checking out the services of the dental specialist who provides his/her services to the local hospitals. You can also search for the best dental care facilities in your area online. You can also use your insurance company’s website to search for dentists who would accept your insurance cover.

Following are the two most popular dental plan options:

1. Dental Insurance:
One of the options for oral health care is dental insurance. Apart from a few dental insurance policies which might cost less than $10 on a monthly basis, most of the available options would be expensive. It is essential on your part to read the entire terms and conditions, excluded procedures and items, what the policy covers, the annual cost for both family and individual policies which ever applies to you.

Most of the people going for such policies do not know that pre-existing conditions are not covered by such policies. Even after the completion of 1 year, most companies pay progressively, such as covering 15% the 2nd year, 30% the 3rd year and so on. Thus, such kinds of dental insurance are usually not recommended by agents currently because of their lack of coverage and high cost.

2. Discount Dental Plans:
Pre-existing plans are not restricted in case of discounted dental care plans. Substantial discounts are offered by such plans on routine dental care like braces, dentures, root canals, X-rays, cleanings, check-ups and more. The membership fees of such dental care plans usually average around $150 for families and $100 for individuals annually. At the time of your appointment, you need to pay for your visit in full.

No permission of any sort is required in case you want to change your dentist. Within the network of the plan, you can visit any provider in any state. It is to be noted that large discount dental plan networks have providers in excess of over 0.1 million dental specialists and dentists worldwide.

You might be surprised to know that over 70% of the families residing in United States do not have any dental plan. Thus, it is important for you to realize that proper dental care is essential for the wellbeing of your entire body.