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What Is the 80/20 Rule? How the Pareto Principle Will Supercharge Your Productivity

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What Is the 80/20 Rule? How the Pareto Principle Will Supercharge Your Productivity

If you’re sitting at your desk staring at your to-do list and you have no idea where you should start, you need to apply the Pareto Principle, otherwise known as the 80/20 Rule.

The Pareto Principle, or the 80/20 Rule, is a common principle used across various industries and businesses to help determine the highest priority tasks that yield the most impact.  When you’ve identified the high-impact tasks, you’re guaranteed to increase your productivity and your profits.

In the early 1900s, Vilfredo Pareto recognized this occurrence when studying Italy’s wealth distribution.  Pareto observed that 80% of Italy’s land was owned by only 20% of the population.  Pareto also noticed this same 80/20 occurrence in other things, like the productivity of the pea plants in his garden.

It is important to understand the 80/20 Rule is not a mathematical formula. Instead, it is an observation explaining the correlation between effort and outcome. If only 20% of your task list is deemed a high priority and those high priority tasks yield the highest return, why not spend your time and effort there? 

Examples of the Pareto Principle

In business, for instance, this means 80% of your profits come from 20% of your sales.  So, it would help if you focus your energy on those clients who make up the 20% of your highest sales.

If you’re a marketer, you may have noticed that 20% of your marketing messages account for 80% of your campaign results. Or, if you’re working on a major marketing project, you might see that 20% of your initial efforts are responsible for 80% of the final outcome.

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If you’re a financial advisor, you might have noticed that 80% of your business profits derive from 20% of your clients.  It might be best to work on maintaining the relationship with those particular clients.

The Pareto Principle doesn’t just apply to overall outcome observations, though.

Instead, the 80/20 Rule can be applied to nearly every part of your workday to help maximize efforts and productivity.

The 80/20 Rule: 20 percent of your efforts result in 80 percent of your outcome.

How to Use the 80/20 Rule to Your Advantage

According to the 80/20 Rule, 20% of your efforts produce 80% of your results.

If you think about the Pareto Principle in terms of productivity, it doesn’t necessarily mean you should only work 20% of the time or go into the office one day of the week.

It is essential to note the Pareto Principle does not suggest you work less.

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Instead, when applying the 80/20 Rule to your workday, the Pareto Principle can help you identify the tasks you need to focus on to maximize your time and results.

In other words: work harder on the tasks that matter the most and don’t sweat the small stuff.

How to Apply the 80/20 Rule to Maximize Productivity

If you are in charge of a team or overseeing a project, using the Pareto Principle can help you identify your team’s high-priority tasks.  The 80/20 Rule assumes that even if your team spends an equal amount of time on each task on the to-do list, only two of those tasks will carry the bulk of the results for the project.

So, to apply the Pareto Principle, you’ll need to make a list of all tasks that need to be done to complete the project. Make sure you include everything on this task list.  After making a list, consider which tasks will have the most significant impact on the project to give the highest results.  Some tasks may seem small, but sometimes the smaller tasks have the most significant effect.

Delegate these high-impact tasks to your team and worry about the other tasks later.

You can apply the same concept to your own to-do list. Identify which tasks will yield maximum results and focus your efforts there.

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How to Apply the Pareto Principle to Make Business Decisions

The 80/20 Rule can help you make tough business decisions, too. Maybe you have a list of projects for several different clients, but you’re running short on time. If the 80/20 Rule is true, you’ll want to focus your time and efforts on pleasing and developing solid relationships with the 20% of your clients who yield the most results for you (read: profits).

This isn’t to say you should be unprofessional and disrespect your other clients. But, if you’re feeling overwhelmed or tight on time, it might be helpful to recognize where you’re receiving the most of your results and dedicate your time and effort to those clients.

The Pareto Principle can also help you think about business problems and potential solutions.  To apply the Pareto Principle to help you solve your problem, think of all the possible solutions, and work backward. You’ll want to work on the two best solutions that solve your problem.

Avoiding the Pitfalls of the Pareto Principle

Like all principles, the Pareto Principle has a few drawbacks. 

It’s important to remember that the 80/20 Rule is not about reducing your workload. Instead, the Pareto Principle helps you identify the most critical, high-impact tasks on your to-do list.  Don’t neglect the small tasks, unimportant tasks, though.  Eventually, those small tasks will become important if you let them sit too long.

The 80/20 Rule might help you identify which of your employees are producing the most work if you’re managing a team.  Looking at the 20% of employees that complete 80% of the work doesn’t necessarily mean you should fire everyone else.  Instead, use the findings of the Pareto Rule to delegate tasks to your team fairly. 

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Encourage your team to collaborate on high-priority tasks.  Or assign different jobs to different people and check in with everyone to ensure they feel responsible for their part of the equation.   Your employees will be encouraged to work harder if they know they’re contributing to the biggest piece of the rewards—not just the minor details.

Understanding the Pareto Principle

Remember, the numbers 20% and 80% are not exact statistics, just estimations and observations.  The point of the 80/20 Rule isn’t the numbers.  The point is everything in business is not created equal.  There are a few things that are weighted with a far greater reward compared to other things.

Spend your time working on tasks or working with clients that will yield the highest results.  Applying the Pareto Principle to your business makes you more likely to increase your profits while cutting back on wasted time and efforts.

Editor’s note: This post was originally published in [Month Year] and has been updated for comprehensiveness.

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YouTube Ad Specs, Sizes, and Examples [2024 Update]

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YouTube Ad Specs, Sizes, and Examples

Introduction

With billions of users each month, YouTube is the world’s second largest search engine and top website for video content. This makes it a great place for advertising. To succeed, advertisers need to follow the correct YouTube ad specifications. These rules help your ad reach more viewers, increasing the chance of gaining new customers and boosting brand awareness.

Types of YouTube Ads

Video Ads

  • Description: These play before, during, or after a YouTube video on computers or mobile devices.
  • Types:
    • In-stream ads: Can be skippable or non-skippable.
    • Bumper ads: Non-skippable, short ads that play before, during, or after a video.

Display Ads

  • Description: These appear in different spots on YouTube and usually use text or static images.
  • Note: YouTube does not support display image ads directly on its app, but these can be targeted to YouTube.com through Google Display Network (GDN).

Companion Banners

  • Description: Appears to the right of the YouTube player on desktop.
  • Requirement: Must be purchased alongside In-stream ads, Bumper ads, or In-feed ads.

In-feed Ads

  • Description: Resemble videos with images, headlines, and text. They link to a public or unlisted YouTube video.

Outstream Ads

  • Description: Mobile-only video ads that play outside of YouTube, on websites and apps within the Google video partner network.

Masthead Ads

  • Description: Premium, high-visibility banner ads displayed at the top of the YouTube homepage for both desktop and mobile users.

YouTube Ad Specs by Type

Skippable In-stream Video Ads

  • Placement: Before, during, or after a YouTube video.
  • Resolution:
    • Horizontal: 1920 x 1080px
    • Vertical: 1080 x 1920px
    • Square: 1080 x 1080px
  • Aspect Ratio:
    • Horizontal: 16:9
    • Vertical: 9:16
    • Square: 1:1
  • Length:
    • Awareness: 15-20 seconds
    • Consideration: 2-3 minutes
    • Action: 15-20 seconds

Non-skippable In-stream Video Ads

  • Description: Must be watched completely before the main video.
  • Length: 15 seconds (or 20 seconds in certain markets).
  • Resolution:
    • Horizontal: 1920 x 1080px
    • Vertical: 1080 x 1920px
    • Square: 1080 x 1080px
  • Aspect Ratio:
    • Horizontal: 16:9
    • Vertical: 9:16
    • Square: 1:1

Bumper Ads

  • Length: Maximum 6 seconds.
  • File Format: MP4, Quicktime, AVI, ASF, Windows Media, or MPEG.
  • Resolution:
    • Horizontal: 640 x 360px
    • Vertical: 480 x 360px

In-feed Ads

  • Description: Show alongside YouTube content, like search results or the Home feed.
  • Resolution:
    • Horizontal: 1920 x 1080px
    • Vertical: 1080 x 1920px
    • Square: 1080 x 1080px
  • Aspect Ratio:
    • Horizontal: 16:9
    • Square: 1:1
  • Length:
    • Awareness: 15-20 seconds
    • Consideration: 2-3 minutes
  • Headline/Description:
    • Headline: Up to 2 lines, 40 characters per line
    • Description: Up to 2 lines, 35 characters per line

Display Ads

  • Description: Static images or animated media that appear on YouTube next to video suggestions, in search results, or on the homepage.
  • Image Size: 300×60 pixels.
  • File Type: GIF, JPG, PNG.
  • File Size: Max 150KB.
  • Max Animation Length: 30 seconds.

Outstream Ads

  • Description: Mobile-only video ads that appear on websites and apps within the Google video partner network, not on YouTube itself.
  • Logo Specs:
    • Square: 1:1 (200 x 200px).
    • File Type: JPG, GIF, PNG.
    • Max Size: 200KB.

Masthead Ads

  • Description: High-visibility ads at the top of the YouTube homepage.
  • Resolution: 1920 x 1080 or higher.
  • File Type: JPG or PNG (without transparency).

Conclusion

YouTube offers a variety of ad formats to reach audiences effectively in 2024. Whether you want to build brand awareness, drive conversions, or target specific demographics, YouTube provides a dynamic platform for your advertising needs. Always follow Google’s advertising policies and the technical ad specs to ensure your ads perform their best. Ready to start using YouTube ads? Contact us today to get started!

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Why We Are Always ‘Clicking to Buy’, According to Psychologists

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Why We Are Always 'Clicking to Buy', According to Psychologists

Amazon pillows.

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A deeper dive into data, personalization and Copilots

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A deeper dive into data, personalization and Copilots

Salesforce launched a collection of new, generative AI-related products at Connections in Chicago this week. They included new Einstein Copilots for marketers and merchants and Einstein Personalization.

To better understand, not only the potential impact of the new products, but the evolving Salesforce architecture, we sat down with Bobby Jania, CMO, Marketing Cloud.

Dig deeper: Salesforce piles on the Einstein Copilots

Salesforce’s evolving architecture

It’s hard to deny that Salesforce likes coming up with new names for platforms and products (what happened to Customer 360?) and this can sometimes make the observer wonder if something is brand new, or old but with a brand new name. In particular, what exactly is Einstein 1 and how is it related to Salesforce Data Cloud?

“Data Cloud is built on the Einstein 1 platform,” Jania explained. “The Einstein 1 platform is our entire Salesforce platform and that includes products like Sales Cloud, Service Cloud — that it includes the original idea of Salesforce not just being in the cloud, but being multi-tenancy.”

Data Cloud — not an acquisition, of course — was built natively on that platform. It was the first product built on Hyperforce, Salesforce’s new cloud infrastructure architecture. “Since Data Cloud was on what we now call the Einstein 1 platform from Day One, it has always natively connected to, and been able to read anything in Sales Cloud, Service Cloud [and so on]. On top of that, we can now bring in, not only structured but unstructured data.”

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That’s a significant progression from the position, several years ago, when Salesforce had stitched together a platform around various acquisitions (ExactTarget, for example) that didn’t necessarily talk to each other.

“At times, what we would do is have a kind of behind-the-scenes flow where data from one product could be moved into another product,” said Jania, “but in many of those cases the data would then be in both, whereas now the data is in Data Cloud. Tableau will run natively off Data Cloud; Commerce Cloud, Service Cloud, Marketing Cloud — they’re all going to the same operational customer profile.” They’re not copying the data from Data Cloud, Jania confirmed.

Another thing to know is tit’s possible for Salesforce customers to import their own datasets into Data Cloud. “We wanted to create a federated data model,” said Jania. “If you’re using Snowflake, for example, we more or less virtually sit on your data lake. The value we add is that we will look at all your data and help you form these operational customer profiles.”

Let’s learn more about Einstein Copilot

“Copilot means that I have an assistant with me in the tool where I need to be working that contextually knows what I am trying to do and helps me at every step of the process,” Jania said.

For marketers, this might begin with a campaign brief developed with Copilot’s assistance, the identification of an audience based on the brief, and then the development of email or other content. “What’s really cool is the idea of Einstein Studio where our customers will create actions [for Copilot] that we hadn’t even thought about.”

Here’s a key insight (back to nomenclature). We reported on Copilot for markets, Copilot for merchants, Copilot for shoppers. It turns out, however, that there is just one Copilot, Einstein Copilot, and these are use cases. “There’s just one Copilot, we just add these for a little clarity; we’re going to talk about marketing use cases, about shoppers’ use cases. These are actions for the marketing use cases we built out of the box; you can build your own.”

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It’s surely going to take a little time for marketers to learn to work easily with Copilot. “There’s always time for adoption,” Jania agreed. “What is directly connected with this is, this is my ninth Connections and this one has the most hands-on training that I’ve seen since 2014 — and a lot of that is getting people using Data Cloud, using these tools rather than just being given a demo.”

What’s new about Einstein Personalization

Salesforce Einstein has been around since 2016 and many of the use cases seem to have involved personalization in various forms. What’s new?

“Einstein Personalization is a real-time decision engine and it’s going to choose next-best-action, next-best-offer. What is new is that it’s a service now that runs natively on top of Data Cloud.” A lot of real-time decision engines need their own set of data that might actually be a subset of data. “Einstein Personalization is going to look holistically at a customer and recommend a next-best-action that could be natively surfaced in Service Cloud, Sales Cloud or Marketing Cloud.”

Finally, trust

One feature of the presentations at Connections was the reassurance that, although public LLMs like ChatGPT could be selected for application to customer data, none of that data would be retained by the LLMs. Is this just a matter of written agreements? No, not just that, said Jania.

“In the Einstein Trust Layer, all of the data, when it connects to an LLM, runs through our gateway. If there was a prompt that had personally identifiable information — a credit card number, an email address — at a mimum, all that is stripped out. The LLMs do not store the output; we store the output for auditing back in Salesforce. Any output that comes back through our gateway is logged in our system; it runs through a toxicity model; and only at the end do we put PII data back into the answer. There are real pieces beyond a handshake that this data is safe.”

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