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07-22-2013, 02:25 PM #4
- Join Date
- Jul 2013
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- 10
Hi Finance1, Thanks for the advice - I appreciate it. I may first try doing it on my own using the training the different MCA lenders offer. But I understand it probably is harder than it looks...
Still wondering if anyone out there has sold MCAs using door-to-door cold-calling, who can share what the typical ratios might be?
On another thread talking about cold-calling BY PHONE, I saw that MCNetwork said:
"Using a cold call approach, a good lead warmer might get 1 full application from 150-200 dials. Out of 100 full applications, you might actually fund 10-15 deals (even though you might get 30-40 approvals). If you have to pay the lead warmers an hourly wage it can be a very expensive process."
and CO1 said:
"Its not about getting in apps anymore. Its serial shoppers and the big guys trying to kill the small guys. My company in one month gets 50-60 full package but we end up funding only 25-35 at the end."
So I'm wondering if I left a flyer and business card at 100 businesses per day, what that might get me?
...Maybe a few conversations and one application, or what?
I was thinking of starting out doing this one day a week, and seeing what I could get from it. But I'd really like to have some idea of what to expect before I start.
Also, are there any important things to include on the marketing materials that businesses are looking for -- that might greatly increase the response rate?
-Last edited by mbradford101; 07-22-2013 at 02:42 PM.