The following relates to the stock market, yet the fundamentals apply to many things in life -including the business of Brokering.
The odds of a positive return on investment (ROI) in the stock market reflect the odds of success when you pick up the phone and ask for business. In fact, you can juice the odds in your favour by increasing your efforts.
1 day in the market – 50/50
1 year in the market – 68%
10 years in the market – 88%
20 years in the market – 100%
Consistency and commitment are critical.
Diversity plays a role as well, the above numbers relate to playing the S&P index.
And let’s face it, they relate to playing your rolodex as well.
The more consistent you are, and the more committed you are, the better your odds will be!