This episode explores the 5-8-3-1 method, a straightforward strategy designed to help entrepreneurs, especially realtors, acquire new clients effectively by breaking down their businesses into actionable numbers. Toree outlines the importance of having conversations with potential clients and how every 50 conversations can lead to one client using this method. The method’s application is versatile, fitting various workweek hours and industry requirements.

It employs a simple yet conservative approach to achieving business targets, emphasizing goal setting, tracking progress, and maintaining consistency in efforts. Practical steps and personal experiences are shared to guide listeners on implementing this technique in their own businesses to improve customer acquisition and overall success.

FAVOURITE TAKEAWAYS FROM THE EPISODE:

• Introduction to the 50-8-3-1 Method: Learn about the method as a transformative strategy for business growth and success.
• Temporary Sacrifices for Success: Understand the necessity of temporary sacrifices in achieving long-term goals.
• Taking Control vs. Passive Approach: Decide between actively managing sacrifices upfront or allowing them to pass unnoticed, potentially leading to regrets.

Quotes:

1. “This is the exact method I use to get my next clients. It’s called the 5-8-3-1 method. It’s about getting realistic with your numbers so that you know exactly the activities you need to do to hit the targets you want to hit. Whether you’re new to real estate, launching a new brand, or need clients, the number one thing to succeed is you need customers.” – Toree

2. “The 50-8-3-1 method basically means for every 50 conversations about your product that you’re having, you should close at least one client. It’s not about the hours spent; it’s more about what you need to do to actually hit the amount of clients or closings that you need.” – Toree

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Connect with Toree:

• Learn more about the 50-8-3-1 Method.
• Check out the Work Better Podcast on Instagram @workbetterpodcast.
• Visit her website Toree McQueen.
• Visit Toree on her personal account on Instagram @toreemcqueen.
• Check Toree’s YouTube Channel.

Resources:

• Join the FRIENDS CLUB to get exclusive access to bonus episodes, freebies, tools, tips, and resources to empower you to scale in your business and home life.
• Check out FIVERR.
• Get started with HELLO AUDIO today!

Transcripts:

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About the Host:

Meet Toree McQueen, a realtor, entrepreneur, serial just do-er, podcaster, mother to 5, and a bold dreamer always on a mission. Tune in weekly to hear about how to run a business and a home life, how to scale and grow, and parents who are leading the way in entrepreneurship!