Learn 20%, Act 80%: Achieve Success with the Learning by Doing Approach

Learn 20%, Act 80%: The Path to Success with "Learning by Doing"

“Learning by Doing” is a self-development approach that emphasizes gaining knowledge through real-world practice. This concept is especially suitable for professions that require hands-on experience and problem-solving, such as real estate brokerage. It encourages learning only 20% of theory while dedicating the remaining 80% of your time to practical action. This approach can help you improve quickly. Here's how to apply it step by step:

1. Prepare by Learning 20%

While taking action is crucial, having a solid foundation of knowledge reduces errors and boosts confidence. Focus on learning only what is necessary for immediate action, such as:

Key Areas to Learn

• Legal Knowledge: Understand real estate laws, including property taxes and sales contracts.
• Sales Techniques: Study how to present properties, negotiate effectively, and handle objections.
• Market Analysis: Familiarize yourself with property price trends or specific details about the areas you're working in.

How to Learn:

• Read articles, books, or take short courses.
• Seek advice from experienced mentors or colleagues in the field.

2. Act 80%: Dive Into Practical Work

Once you've established a sufficient knowledge base, start taking action immediately by following these steps:

Practical Steps

1. Start with Simple Tasks:

   • Practice building relationships with clients.
   • Take appealing photos of properties and write engaging descriptions.
   • Test posting listings on websites or online marketplaces.

2. Hone Your Negotiation Skills:

   • Have real conversations with potential clients, even if it doesn’t result in a deal.
   • Practice addressing objections, such as “The price is too high” or “Why should I buy from you?”

3. Learn from Mistakes:

   • After every negotiation, analyze what made the deal successful or unsuccessful.
   • Ask experienced professionals for feedback to improve for future opportunities.

4. Build Your Network:

   • Connect with property sellers or investor groups in your community.
   • Use social media platforms like Facebook or LinkedIn to establish your professional presence as a real estate agent.

3. Learn While Doing (Reflective Learning)

After completing each task, reflect on your performance:

• What went well?
• What could be improved?
  Use mistakes as lessons, and revisit your studies to strengthen weak areas.

4. Combine Learning and Action (Repeat and Improve)

Development Cycle:

1. Expand Your Knowledge: Read new materials or update yourself on market trends.
2. Take on More Challenging Tasks: For example, work on closing deals with complex conditions.
3. Analyze and Refine: Collect insights from both successes and failures to continuously improve.

Tips for Success

• Be Willing to Fail: No one is perfect from the start. Every mistake is a valuable learning opportunity.
• Stay Persistent: A broker’s success depends on continuous effort and determination.
• Seek Guidance: Don’t hesitate to ask experienced professionals for advice or mentorship.

Conclusion

By following the 20% learning and 80% action approach with "Learning by Doing," you can develop quickly and effectively. Whether you're a beginner or an experienced broker, real-world practice is the key to growth. Learn from every experience, and you’ll soon transform into a master broker!

Does this approach align with your style? Let me know if you'd like further tips or examples