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Updated over 5 years ago on . Most recent reply

User Stats

43
Posts
26
Votes
Eric Hamm
  • Developer
  • Merced, CA
26
Votes |
43
Posts

Top Revenue Generating Activities (80/20 Rule)

Eric Hamm
  • Developer
  • Merced, CA
Posted

Pareto's Principle (aka the 80/20 Rule) suggests that 80% of your revenue is going to come from 20% of your activities.  I just read "80/20 Sales and Marketing" by Perry Marshall - a book suggested a while back on the Podcast.  In it, Perry suggests that you should identify those 20% of your activities that generate the greatest results and delegate the rest.  

The idea is there's $10/hour work, $100/hour work, $1000/hour work, and $10,000/hour work.  Most of us do a little of each throughout a given day.  In fact, we should be delegating the $10/hour work (and even the $100/hour work) and focusing on those activities that generate $1000+/hour.

So, I'd like to hear from all of you...what are your $1000+/hour activities?  What are the things you SHOULD be focusing more of your time on?

I am a commercial real estate investor who is just getting started doing some wholesaling (SFH & Multifamily). So, for me:

Analyzing Deals

Meeting with Sellers

Meeting with Buyers

Public Speaking

Generating Leads

Making Offers

I'd love to hear what others consider the best use of their time.  Go!

  • Eric Hamm
  • [email protected]
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