The 80/20 rule works in so many areas of business and life that I'm surprised so many people don't know about it.

It's basic premise is that 80% of something is accomplished by 20% of the people.

Here are a couple of examples, not necessarily true, but probably not far off, either:

  1. 20% of ActiveRain members have 80% of the points
  2. 20% of Realtors have 80% of the business

Another one that I have found is definitely true is that the average sale requires  five to seven contacts. Eighty percent of the people don't make the second contact!

Are you part of the minority!

 

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Century 21 Award Mission Valley
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13 Comments on Are you part of the minority?

FEB
24
2010
1,021,127 Points 65 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great post!!!   In the property management biz, we say that 20% of our clients/tenants give us 80% of our headaches....and your 20%/80% holds true for gaining business AND keeping business!

5:31am • #1
1,440,047 Points 26 Featured Posts Outside Blog Called Shot Master

Thanks for sharing this reminder. Some of us need to work smarter to be within the 20% of the most productive professionals.

6:09am • #2
1,516,378 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

so simply stated and how very true those statements are.....I may play that number today (8020)!!!!

6:22am • #3
156,434 Points 2 Featured Posts

80/20 is everywhere and I try my best to be in that 20%, 80% of the time.

6:45am • #4
152,404 Points 1 Featured Post

Hey Russell!  Thanks for visiting my blog.  I was really enjoying reading down through your blog posts! I love the recurring theme...at least one cat picture in each post!  So cute!  You've taken some great pictures!

Yes, it's true...the 80/20 rule is so true!  Make it a great day Russell!

7:32am • #5
466,662 Points 2 Featured Posts

Russel, what a great reminder and motivator. Be well!  Be 100% all the way : ) Janice

7:40am • #6
868,446 Points 5 Featured Posts

Russel,

That's a good point. Put the two rules together and you should be making regular contact with your prospects.

Brian

7:57am • #7
605,972 Points 9 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Russel - that 80 20 rule applies in most cases. It is important to maintain contacts with your sphere, and add to it.

8:51am • #8
281,719 Points 1 Featured Post

Hadn't thought about it before, but I think I am! Have a wonderful day!

3:41pm • #9
871,571 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

If you can find 80% of what you want in a house, buy it! This was a tip Frank learned when he was selling yachts in Marina del Rey. It really helps Buyers relax and focus on what they really want. Also, we use 20% of our stuff 80% of the time :)

10:01pm • #10
FEB
25
2010
271,439 Points 22 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Russel...The 80/20 rule has is something I believe is very true.  At least is has been in my experience.  We really need to be sure we are in the 20!

Cosmic Cow

11:51am • #11
FEB
28
2010
MAR
27
2010

Hey, Folks.

Thanks for stopping by and commenting.

I have read all the comments, but since this post is rather old, rather than making comments here in my post to each and every one of you, I'll just let everyone know that I have read all the comments and if there are any questions, I'll answer those below. Otherwise I'll simply post this comment and then head over to your blogs soon to visit and do some reading and commenting. I hope you'll have a nice welcome mat out for me!

Don't forget to let your cat come out to play with all the other ActiveRain kitties. Your cat-friendly dogs can come, too!

If you need a great cat book, get yourself a copy of Peg Silloway's The Cat Lover's Book of Days.

Hope all is well with everyone.

9:16pm • #13


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Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572

San Diego, CA

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Century 21 Award

Address: 7676 Hazard Center Drive,, Suite 100, San Diego, CA, 92108-4504

Office Phone: (619) 471-2212

Cell Phone: (619) 729-5701

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