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Internet traffic is a tough sport....but 7 days to figure out if a lead is good or bad, makes it nearly impossible for lead vendors to run profitability, it shouldn't take anyone that long to figure out if a lead is good or bad... In my other verticals, clients get max of 2 days and can only return disconnects...
part of the issue insurance agents have is that they only will buy shared leads. Well when you buy shared leads (no matter how good the provider is, which i do feel Bob knows what hes doing and does it well) you run the risk of the first guy telling consumer NOT to talk to ANYONE else that calls. Some consumers listen and some don't, but if your first to them and you k now others will follow, why not tell them that. Just know that if your not first its happening to you.
The goal of any lead generator is to generate real time leads at a price point that he can sell them at and make profit. There are several ways to drive internet traffic, if your willing to pay more as a buyer you get search traffic, if you are cheap and or return 75% of your leads normally lead vendors will be forced to resort to second and third tier traffic (email, co reg, incentive's etc..).
The trick to building a strong agency, is to work with your vendor to create an equally profitable campaign for both... stay in touch with your vendor, constantly give them feedback so they can monitor their ads online for quality, return obviously bad leads, but don't over do it, leave margin for the vendor as well as of course watch your bottom line. The one thing I can tell you from the lead side of the fence is this.....the harder you make it on the lead company, the worse the leads are going to get. Not by intention, but by simply economics...if you return too many we cant afford search traffic. Find the happy medium with your vendor, keep it transparent going both ways.
Lastly, not every lead vendor is out to get you....a hand full of us (Bob included) are actually working extremely hard to do the right thing and create profitable capaigns for you all. Once we find the formula to make that happen, everybody wins. The more you beat your vendor up on bad leads, filters, geo targeting, etc... The longer that process takes to get us to that finish line. You all should be thankful to have Bob as a go to guy in the internet space...I have seen his path, and its legit. Not only that but he refuses to sell a lead more than once..(I even tried to buy some of the aged leads from him and he wouldn't budge).
IM not sure how they price their leads out retail but if hes allowing that type of return ratio im assuming the pricing is retail...
I have a question for you lead buyers.....most lead companies build in cost enough to cover returns... would you rather your lead company A) tell you their true cost and mark up and eliminate returns completely, OR B) just have us price retail with 20% built in for returns...? Lead vendors can do it either way...I have found in other industries that i work backwards from the cost stand point and show 15% margin. I just dont allow returns in some cases, others where i do allow 10% returns to cover disconnects, I mark the price up to cover those... at the end of the day every click and lead we generate has to be covered some how some way. Which would you as a lead buyer rather see?
part of the issue insurance agents have is that they only will buy shared leads. Well when you buy shared leads (no matter how good the provider is, which i do feel Bob knows what hes doing and does it well) you run the risk of the first guy telling consumer NOT to talk to ANYONE else that calls. Some consumers listen and some don't, but if your first to them and you k now others will follow, why not tell them that. Just know that if your not first its happening to you.
The goal of any lead generator is to generate real time leads at a price point that he can sell them at and make profit. There are several ways to drive internet traffic, if your willing to pay more as a buyer you get search traffic, if you are cheap and or return 75% of your leads normally lead vendors will be forced to resort to second and third tier traffic (email, co reg, incentive's etc..).
The trick to building a strong agency, is to work with your vendor to create an equally profitable campaign for both... stay in touch with your vendor, constantly give them feedback so they can monitor their ads online for quality, return obviously bad leads, but don't over do it, leave margin for the vendor as well as of course watch your bottom line. The one thing I can tell you from the lead side of the fence is this.....the harder you make it on the lead company, the worse the leads are going to get. Not by intention, but by simply economics...if you return too many we cant afford search traffic. Find the happy medium with your vendor, keep it transparent going both ways.
Lastly, not every lead vendor is out to get you....a hand full of us (Bob included) are actually working extremely hard to do the right thing and create profitable capaigns for you all. Once we find the formula to make that happen, everybody wins. The more you beat your vendor up on bad leads, filters, geo targeting, etc... The longer that process takes to get us to that finish line. You all should be thankful to have Bob as a go to guy in the internet space...I have seen his path, and its legit. Not only that but he refuses to sell a lead more than once..(I even tried to buy some of the aged leads from him and he wouldn't budge).
IM not sure how they price their leads out retail but if hes allowing that type of return ratio im assuming the pricing is retail...
I have a question for you lead buyers.....most lead companies build in cost enough to cover returns... would you rather your lead company A) tell you their true cost and mark up and eliminate returns completely, OR B) just have us price retail with 20% built in for returns...? Lead vendors can do it either way...I have found in other industries that i work backwards from the cost stand point and show 15% margin. I just dont allow returns in some cases, others where i do allow 10% returns to cover disconnects, I mark the price up to cover those... at the end of the day every click and lead we generate has to be covered some how some way. Which would you as a lead buyer rather see?
hometown is very good and quick at giving credit for the junk. just wish there wasn't so much of it; and they gave you more than 7 days to request credit. lead from 9/17 finally answered the phone had no idea why i was calling.
running around 90% junk - wont answer, bad info, not looking.