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Podcast: The Real Estate Espresso Podcast
Episode: Price's Law
Description: What type of organization do you want to work with? Are bigger organizations necessarily better?
We’ve all heard of the Pareto Principle, this is sometimes called the 80/20 rule. 80% of the revenue comes from 20% of the customers. 80% of the complaints come from 20% of the customers. 80% of the wear on a carpet happens on 20% of the surface area. There are countless examples.Â
It’s not a rule, or even a law, but something that occurs with enough frequency that it’s got to be more than coincidence.Â
A less known rule is called Price’s Law. This...