The Pareto Principle originally referred to the observation that 80% of Italy's wealth belonged to only 20% of the population.
Today we know this as the 80/20 rule. The Pareto Principle is the observation that most things in life are not distributed evenly. For example:
20% of the workers produce 80% of the output
20% of the stores get 80% of the sales
20% of the roads get 80% of the traffic
But how can this principle help you in real estate? How about:
20% of the agentsproduce 80% of the sales
20% of the advertising produces 80% of the leads
20% of the websites get 80% of the traffic
20% of the blogs get 80% of the comments
We need to make sure we are focusing our efforts on the 20% of things that create results! Evaluate what works and what doesn't and spend your time wisely.
If you are looking for a Real Estate Professional in SW Missouri, give us a call!
Comments(6)