290 – How the 80/20 Rule Can Help Increase Profits & Productivity for Amazon Sellers

This episode explores the 80-20 rule, also known as the Pareto Principle, and its application to increasing profits and productivity for Amazon sellers. The hosts explain that the 80-20 rule states that roughly 80% of consequences come from 20% of the causes, providing examples such as 80% of traffic using 20% of freeways. They suggest that Amazon sellers can apply this rule by identifying the 20% of their inventory, categories, and sourcing locations that generate 80% of their profits and focusing on those areas. The hosts also discuss time management, suggesting a time audit to identify and eliminate activities that yield minimal results, and a tool/service audit to evaluate the ROI of different services. They emphasize the importance of analyzing data to make informed decisions and invite listeners to a free five-day Amazon Profit Roadmap Workshop.