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Showing posts with the label rewards

Learn about the law of reciprocity

In this blog, we will investigate ❝The Law of Reciprocity❞ The Law of Reciprocity is heavily leveraged for persuasion, it is used in business, in the corporate world, in politics both domestic and international and in social life. Learning this law and implementing it would produce concrete results. So, basically, the law is based on the premise of give and take I mean everyone can relate to that. We cannot deny helping to someone who lent us help when we needed it the most. Helping someone will reciprocally result in receiving help from that person when we need it.  Suppose for example your friend needs a ride home, whose home happens to be on your way then you giving him ride will put you in the position to ask for help and receiving it indeed almost effortlessly( perhaps you can make him pay for your tea or you can make him bring stuff on his way to work for which obviously you will pay him but it will save your time and efforts ).  In this instance, you w...

WHAT IS 80/20 RULE AND, HOW CAN WE CAPITALIZE ON THAT?

What the heck is 80/20 Rule anyway? I have learned something that changes the course of procrastination S o for those unfamiliar with 80/20 rule as known as Pareto Principle, allow me to elucidate it is the law of the vital few or the principle of factor sparsity. It essentially states that roughly 80% of the effects come from 20% of the causes, mindboggling it is right. I was amazed when I first came to know about this. It isn't just some theory on paper that we are supposed to agree, it applies to everything that is happening around us. Here are few instances 80% of the global economy is owned by 20% of its population , same goes for individual countries, don't believe me? let me demonstrate 80% of sales come from 20% of your customers, ever been to a gas station? you will see plenty of vehicles coming for petrol refill as compared to vehicles coming for diesel refill, and of those vehicles coming for diesel refill, most of them are Trucks and Buse...