A short motivational monologue (YouTube) explaining the "law of high numbers": consistent success comes from volume and averages rather than single, one-off wins. The speaker emphasizes modeling a business around expected averages (per-customer spend) and driving high numbers of prospects/transactions so the law of averages works in your favor, using grocery stores and casinos as concrete examples.
Has anyone ever explained to you how the law of high numbers works? Very simple. Nobody understands it. Everybody forgets it. Key to success in everything. Law of high numbers. And that is nobody's good enough to be perfect, you know, good enough to be doing anything one time and have a mega success. You get success because you put a lot of energy into it. And so what happens is you have the law of averages, the law of high numbers. And so if you want the law of averages to work for you consistently, you have to apply the law of high numbers to it. A grocery store that wants to be successful will know the average person walking through that door, you know, how many, how much they're going to buy. And the only way they could make sure the store works is to have hundreds of people walking through. They don't know who's going to buy a dollar's worth of stuff or a hundred dollars, you know, or $300 worth on that trip. But they do know what the average is per person through the door. Same thing with casinos. They make it off the averages. So if you want a consistent, big, successful business, you build it. Not off to the long shot, but after the. You know, you build it, model it after what the averages are going to do, but you have to do high numbers of activity, high numbers of prospects, high volume of people through the doors to make sure that the law of averages will consistently work for you to your advantage.