80/20 Principle for Wholesaling

[Dave Grosse]

Hi guys - I'm in the process of rebuilding my wholesaling business and have been inspired by the 4 Hour Work Week and the 80/20 Principle. I've found that it can be very time consuming and am especially interested in automating and outsourcing as much as possible. I fully realize that I will not be able to remove myself completely, I just want to be able to run it from anywhere with minimal input from me. I also know there are BP podcast episodes that cover these topics and I've listened to them several times.

But I still have a few questions for all of you wholesalers...

• What have you found to be the most effective uses of your time?
• Where do you find that you get caught up in busywork and how have you dealt with that?
• What steps have you taken to remove yourself from your business? Which of those has been the most important/beneficial for you?
• With regard to marketing specifically - have you found the 80/20 principle to be true? specifically that 80% or more of your leads come from 20% or less of your marketing channels. If so, which has been most effective for you? Direct Mail? Online Advertising?

Thanks!