Problems with Live Transfer Leads
Need a Funder or Vendor? START HERE

Results 1 to 16 of 16

Hybrid View

  1. #1
    Senior Member Reputation points: 2893
    Join Date
    Jan 2014
    Posts
    283

    I will agree with MCN that one problem is the leads are being resold to multiple shops. Another is that you tend to get the smaller merchants ($150,000 or less yearly gross) answering and not the larger ones. Don't get me wrong, I am fine with funding $10,000 deals all day, but to really make it worth your time there have to be some larger opportunities mixed in.

    The main issue is that reps aren't prequalifying properly or building value. They pick up live transfers as if they are actual incoming calls and rushing through so they can get to the next one. A lot of these Merchants have not heard of our products before so making them feel comfortable and building some kind of rapport is key. Also trying to create some sense of urgency as far as sending in their submission is important. Just my $0.02..
    Last edited by JSL23; 05-21-2014 at 11:04 AM.

  2. #2
    Member Reputation points: 1204
    Join Date
    Feb 2014
    Location
    Chicago, IL
    Posts
    58

    Quote Originally Posted by JSL23 View Post
    Here's my problem with live transfer leads. Firstly, live transfer companies use telemarketers (usually from South America or the Philippines) who are compensated by the amount of leads they can generate.
    I think this ultimately is the crux of the issue. Live transfer campaigns are typically of the "push" variety rather than the "pull" variety. This essentially means that the merchant hasn't contacted the center on their own free will (or insensitived will) the lead source isn't pulling the merchants to them. Rather, they are pushing merchants to centers by power dialing and qualifying.

    Can you close a pre-qualified transfer? Absolutely. That said, you'll run into problems with drop off, because the caller that's typically transferred wasn't the active seeker of your service, but rather some one who might meet the criteria of a potential client.

    Secondly, as JSL23 pointed out, exclusivity plays another giant portion in your ability to maintain contact with said transfer.

Similar Threads

  1. Replies: 2
    Last Post: 04-25-2014, 04:42 PM
  2. Highly Targeted Cash Advance Live Transfers
    By leadshepherd in forum Promotions
    Replies: 3
    Last Post: 04-03-2014, 12:07 PM
  3. Replies: 2
    Last Post: 04-03-2014, 07:06 AM
  4. Replies: 3
    Last Post: 01-17-2014, 07:09 AM
  5. ETA Expo 2013 Live
    By Sean Cash in forum Payment Processing
    Replies: 26
    Last Post: 05-15-2013, 04:06 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY