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Has anyone here heard of or used insurancewownow.com? They've contacted me, wanting me to buy their leads. It's a deal where you buy zip codes ...


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Old 08-14-2008, 11:34 AM   #1
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Has anyone here heard of or used insurancewownow.com? They've contacted me, wanting me to buy their leads. It's a deal where you buy zip codes for a year, and you are the 'exclusive' agent that they send the leads to.

Of course, it's basically $500 a zip code per year. Given that I live in a fairly densily populated area, this could work in my favor. I'm always concerned about the flat fee per year per zip code model so many of these types of lead companies are going to..... they have little incentive to do well.

My concern is somewhat limited by the fact they are willing to give a guarantee for quantity of leads, but obviously not quality. I've talked to an agent that they referred me to that uses their leads, he was reasonably happy with the leads, though not as ecstatic as the sales person I talked to (go figure).

Supposedly 100% of their leads are generated on this site, no 'free ipod' ads, no 'free computer' type of things.

I don't mind spending the money (5 zips for $2500 for the year) if I knew anything about them. I just get nervous when there is a long term commitment on my part, with little guarantee on their part.

Just wondering if anyone has used them, heard of them, or been frustrated by them.

Dan
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Old 08-14-2008, 11:53 AM   #2
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IMHO I would'nt take a chance without some kind of guarantee pertaining to the amount of leads you would receive.
If they have already got the money upfront, where is the incentive for them to generate a decent amount of leads?
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Old 08-14-2008, 12:02 PM   #3
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They do offer a guarantee on the number of leads that makes the per lead cost pretty reasonable (considering they would be exclusive). There is just no guarantee on quality, which I can understand.

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Old 08-14-2008, 12:03 PM   #4
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I should add, the thing that bothers me is they claim to have been in business for 9 years. I have never heard of them, nobody I talk to has ever heard of them. This might not mean much, but it bothers me.

Dan
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Old 08-14-2008, 12:09 PM   #5
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Of course, it's basically $500 a zip code per year. Given that I live in a fairly densily populated area, this could work in my favor. I'm always concerned about the flat fee per year per zip code model so many of these types of lead companies are going to..... they have little incentive to do well.
This stinks w/o a minimum guarantee.

Likely once they have your $500 they are gone and you will get relatively no leads.
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Old 08-14-2008, 12:29 PM   #6
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Old 08-14-2008, 01:23 PM   #7
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No one can guarantee the quantity and quality of leads by zip code. Since this is a website, it's speculation. Don't be too worried about the quality of leads. I have used several internet lead companies and they can not determine the quality. Someone requests a quote. They send the info to the agent. That's it. Is it quality or junk? Who knows until you talk to them. That's why the closing rate on internet leads runs 1--10 to 1--20 depending on the agent.
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Old 08-14-2008, 01:30 PM   #8
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If it was NetQuote or InsureMe offering all leads in a zip for a year exclusively for $500, I would take it in a heartbeat. It's a known quantity. Lots of junk leads, a few good ones, I'll earn my money back several times over. I'm in.

For it to be an unknown company, with no proven track record (that I can find), I have big concerns.

I've been hit up by several companies lately using this sort of model, price per year for zip codes. I've never been impressed, but this company had a guaranteed number of leads, which made it a lot more interesting. As I told them, I'm just concerned they will go out of business next month, and I'll be out my money.

I was hoping someone here had heard of them or used them. I'm assuming the answer is no on both of these.

Dan
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Old 08-14-2008, 01:41 PM   #9
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Out of curiousity, what what be a reasonable amount of leads per month @ $500/yr?
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Old 08-14-2008, 02:14 PM   #10
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Lots
Since they are exclusive, I'd look for a guarantee of 25-30 (per year), with an understanding that there will be considerably more.

In general, this would give you a guaranteed average of 2-3 per month, with a hope of getting 5-7 per zip code per month. Realize this would be average, since they are smart enough to do it by year, not by month.

Dan
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Old 08-19-2008, 10:29 AM   #11
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The concept doesn't sound bad, for $60 a month if they advertise correctly, it could be good, but as you've mentioned so unproven.

Insurancewownow.com is dedicated to providing consumers with one local insurance agent to handle their needs. Through our network of pre screened insurance agents we make your search for insurance fast and easy. Instead of going through the phonebook and making hundreds of phone calls or spending days driving around from office to office, let us do the work for you.
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Old 08-19-2008, 10:30 AM   #12
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Originally Posted by robliano View Post
The concept doesn't sound bad, for $60 a month if they advertise correctly, it could be good, but as you've mentioned so unproven.

Insurancewownow.com is dedicated to providing consumers with one local insurance agent to handle their needs. Through our network of pre screened insurance agents we make your search for insurance fast and easy. Instead of going through the phonebook and making hundreds of phone calls or spending days driving around from office to office, let us do the work for you.
Yes that says "pre screened insurance agents" meaning, can you pay us the $500 up front? You passed!
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Old 08-19-2008, 01:22 PM   #13
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Just for the heck of it...I entered some information to get a health insurance quote. It indicated that they would tell me who my exclusive agent was.

After submission, I received an email with the name of my agent...along with six others as well.

Actually, I got a chuckle out of that.
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Old 08-19-2008, 05:46 PM   #14
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Originally Posted by CHUMPS FROM OXFORD View Post
Just for the heck of it...I entered some information to get a health insurance quote. It indicated that they would tell me who my exclusive agent was.

After submission, I received an email with the name of my agent...along with six others as well.

Actually, I got a chuckle out of that.
Ouch, so much for exclusivity!
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Old 08-19-2008, 06:11 PM   #15
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Originally Posted by CHUMPS FROM OXFORD View Post
Just for the heck of it...I entered some information to get a health insurance quote. It indicated that they would tell me who my exclusive agent was.

After submission, I received an email with the name of my agent...along with six others as well.

Actually, I got a chuckle out of that.
Yeah, but it's exclusive to those seven...
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Old 08-19-2008, 10:02 PM   #16
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Originally Posted by CHUMPS FROM OXFORD View Post
Just for the heck of it...I entered some information to get a health insurance quote. It indicated that they would tell me who my exclusive agent was.

After submission, I received an email with the name of my agent...along with six others as well.

Actually, I got a chuckle out of that.
Shucks, now you are going to make me do that, just to see...

How funny

Dan
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Old 08-20-2008, 01:48 PM   #17
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I wouldn't do it without a guarantee of so many leads per zip or on a pay per lead basis.
They are transferring all risk to you on this one.
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Old 08-26-2008, 10:46 AM   #18
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I am currentlu using this service. So far so good. I am on pace to definatley receive more leads than the guaranteed amount. The quality is never going to be perfect but it is better than other companies I have used. In regards to the agent that said when they filled out a quote and got aresponse from 7 agents, every single person that I have received has been exclusive. My rep told me that when someone fills out a lead in an area that an agent does not own the service refers that lead to all of the major companies. When a zip is owned that lead only goes to the agent tat owns that zip. To my knowledge that has been true for me. I think exclusivity is what makes the difference causemy closing ratio is high with them. Spent 5000 with them and so far have recouped my investment in 4 months and I have the rest of the year for profit.
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Old 08-26-2008, 11:38 AM   #19
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Sniff sniff. Hmmm. Do you smell something?
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Old 08-26-2008, 09:29 PM   #20
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Originally Posted by CHUMPS FROM OXFORD View Post
Sniff sniff. Hmmm. Do you smell something?
Are you talking about Captain Obvious?


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