The Pareto Principle, also known as the 80-20 rule, states that for many events, 80% of the effects come from 20% of the causes.

As real estate professionals we hear this rule and how it applies in business in many different ways all the time: 80% of our business comes from 20% of our activities. 80% of the real estate transactions being done in any given community come from 20% of the agents doing business. 80% of the world's wealth is held by 20% of the population.

Having just completed my first triathlon, The Las Vegas Triathlon held September 28, 2008 at Lake Mead in Nevada, the 80:20 Rule showed itself to me again that I felt also applied to my real estate practice. Finishing the Triathlon was 80% mental, 20% physical. I trained for about 5 hours per week for about 3 months.

What I noticed during the race was that I actually had a huge smile on my face, even though physically it was grueling. I noticed the affirmations in my head coming to me as I was cycling over the hills, "You can do it! You're a winner! You're a great athlete! You're going to finish in great time!" And, although I didn't win, I did finish in 2hrs: 7minutes: 6 seconds. Am I the least bit dissapointed? Not at all!

I don't have an athletic background. Deciding to voluntarliy run this race was way out of the box for me. What I know for sure is that my results would have been very different had I not been practicing saying positve affirmations to myself for the last several years.

Staying in an optimistic mind-set does not come naturally to me. My written affirmations are posted to the back of my medicine cabinet where I look at and read them when I brush my teeth each day. I say, "I'm a successful professional. I'm a great Mom. I'm a motivating leader. I am a wealthy, deserving woman. I am living my dream life every day!"

I coach agents to write and say their personal affirmations each morning for 3 minutes to get focused and motivated to start their day. We need all the positivity we can get in this market.

It's 80% mental and 20% physical. You know enough. Pick up the phone or knock on the door. What would your business look like if you trained like an athlete and you lead generated for 1-2 hours each day?

It's a great time to jump in to this market! You're great!

Dana at LV Triathlon Dana Finishes LV Triathlon
 

 
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5 Comments on 80:20 Rule Strikes Again!

SEP
30
2008

You have to have a positive outlook and attitude at least 80% of the time or you'll have a herd time ever making it in real estate.  It's not just about your business though... It's about your life as well!

6:10pm • #1
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Dana, very good advice. I actually have a program called mindmaster, which flashes affirmations on my computer screen--kinda subliminal. You can also add photos for added impact. I don't care for swimming but I do like biling and have completed 15 marathons.

BeBlessed

John

6:11pm • #2
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Congrats on finishing your first triatlon! What an inspiration (I'm doing my 2nd race for the cure on Sunday... just glad it's really NOT a race or I might not have the training behind me to finish it!!) 

6:45pm • #3
200,700 Points 1 Featured Post Outside Blog

Congratulations on your marathon, and continued success.
The market can only get better and people will keep their homes, we will all be successful. :)

10:46pm • #4
OCT
06
2008
419,064 Points 48 Featured Posts Localism Sponsor Outside Blog

Dana,

The importance of affirmations...  "Words are a preview of things to come."  "The words in our heads become the stories of our lives."  I forget who said that first one.  The second is my mentor, Kody Bateman of Send Out Cards.

WELCOME to Active Rain.  Thanks for blogging.

Mike in Tucson

11:48pm • #5

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Dana Anderson Whittaker

Las Vegas, NV

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Keller Williams Realty Las Vegas

Address: 3090 S. Durango , Suite 100, Las Vegas , NV, 89117

Cell Phone: (702) 300-7653

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Las Vegas and Henderson Real Estate information provided by a local, full-time, real estate professional and business coach. Get our opinions on Las Vegas and Henderson market data, appreciation, projections, commentaries, lending information, investing, areas of town, builders, homes, land, condos, townhomes, high-rise condos and hotels, lofts, relocating, 1031 exchanges and living in the most exciting city there is. We'll talk about Las Vegas, Henderson, Summerlin, Green Valley Ranch, Seven Hills, Anthem, Southern Highlands, The Strip and More.


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