An Honest Discussion about Sales Campaigns, Leads, Conversions and Budgets
Need a Funder or Vendor? START HERE

Results 1 to 25 of 38

Hybrid View

  1. #1
    Senior Member Reputation points: 752
    Join Date
    Apr 2014
    Location
    Chicago, IL
    Posts
    185

    Quote Originally Posted by funding pro View Post
    6.25% lead to funding ratio is nothing to frown at. Being that your deals are coming from referrals and convert at a high rate that probably seems low but it is not. I think your expectations are a little off if that is your concern.
    I'm curious as to how anyone is scaling at a 6.25% close rate. I think to sustain a workforce one has to go hard at these leads and pound them repetitively.

    Next, what software are you using for powerdial systems? So far the pricing seems to be hovering near .02/minute for all calls places or .12/minute for calls that connect.

  2. #2
    Senior Member Reputation points: 12452
    Join Date
    Jun 2013
    Posts
    351

    Quote Originally Posted by aak723 View Post
    I'm curious as to how anyone is scaling at a 6.25% close rate. I think to sustain a workforce one has to go hard at these leads and pound them repetitively.

    Next, what software are you using for powerdial systems? So far the pricing seems to be hovering near .02/minute for all calls places or .12/minute for calls that connect.
    To be successful at anything you obviously need to maximize every opportunity and be as efficient as possible. To scale, its not a matter of what percent you are converting at, it is a matter of converting the best percentages where margins are the greatest. You need to consider the opportunity cost of certain lead sources vs. others. There may be super low cost leads or even those that are strictly success based that aren't worth pursuing because they just aren't as good as others. The most important thing is to know your numbers. Without a CRM/LRM or some sort of sophisticated tracking software there will be no way to know these things and in turn maximize your profits.

Similar Threads

  1. Replies: 2
    Last Post: 04-03-2014, 07:06 AM
  2. Increase Your Pay Per Lead Conversions by 400%!
    By JayBallentine in forum Merchant Cash Advance
    Replies: 5
    Last Post: 01-29-2014, 04:20 PM
  3. Why lead campaigns and Diets often fail?
    By blindbid in forum Merchant Cash Advance
    Replies: 3
    Last Post: 01-10-2014, 05:38 AM
  4. Panel Discussion Video-alternative lending
    By MCAVeteran in forum Merchant Cash Advance
    Replies: 7
    Last Post: 10-31-2013, 01:02 PM
  5. DRP MCA/Loan Processing Discussion
    By nwarshaw in forum Merchant Cash Advance
    Replies: 21
    Last Post: 07-31-2013, 04:31 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

LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down


DIRECTORY