Problems With Buying Leads?

[Prestige-SEO]

Hello UKBF Members,

I'd like to pick the brains of those that are actively purchasing leads, In particular service providers.

What problems do you have with your current lead provider, What would make them better etc?

The reason I ask is because I'm working on something very new and exciting which will change a lot of peoples businesses for the better. (Zero Risk Marketing) - More will be revealed later, but for now please share your thoughts.

 

[S-Marketing]

Hello UKBF Members,

I'd like to pick the brains of those that are actively purchasing leads, In particular service providers.

What problems do you have with your current lead provider, What would make them better etc?

The reason I ask is because I'm working on something very new and exciting which will change a lot of peoples businesses for the better. (Zero Risk Marketing) - More will be revealed later, but for now please share your thoughts.

I actively tell my clients not to purchase leads, as part of my role as a marketing consultant for service and trades based businesses.

Maybe my opinions may be useful to you?

 

[Cynic]

I actively tell my clients not to purchase leads, as part of my role as a marketing consultant for service and trades based businesses.

Maybe my opinions may be useful to you?

Are you serious ? This is possibly the worst thing I've ever read on this forum to date. I'd suggest developing a relationship with and renting a list from a reputable list broker The ideal list has fresh multi-buyers who have bought similar products/services around the same price range as you current offer. Getting a copywriter/learning to write copy will boost your sales as well

 

[S-Marketing]

Are you serious ? This is possibly the worst thing I've ever read on this forum to date. I'd suggest developing a relationship with and renting a list from a reputable list broker The ideal list has fresh multi-buyers who have bought similar products/services around the same price range as you current offer. Getting a copywriter/learning to write copy will boost your sales as well

As its Friday evening I really can't be bothered to explain it to you. Maybe someone else might come along and explain.

 

[crosbtmrkt]

it depends on what type of leads you buy if its reactive leads i think you are all ways best with your own website or adverts because people who sell these types of leads all ways try and sell them 3 or 4 of times and even if they don't its normally people who are shopping around who use them but if you are buying proactive leads its great to have someone else taking over the nightmare of marketing and just leave you to concentrate on making sales.

so your both rite in a way but talking about different types of leads.

 

[tony84]

I can understand Stretchy's point.
I buy leads and have spent maybe around £500-600 to earn maybe £2k. The bulk of the leads are useless, time wasters, you cant get your money back and they have no chance of getting a mortgage in a million years (Self employed taxi driver who earns (declares) "£12k a year" wanting a £150k mortgage spring to mind).

If there are better ways of spending your budget on marketing rather than leads im all for it.

But to the OP, feel free to drop me a PM if you want to ask anything in paticular.

 

[S-Marketing]

I can understand Stretchy's point.
I buy leads and have spent maybe around £500-600 to earn maybe £2k. The bulk of the leads are useless, time wasters, you cant get your money back and they have no chance of getting a mortgage in a million years (Self employed taxi driver who earns (declares) "£12k a year" wanting a £150k mortgage spring to mind).

If there are better ways of spending your budget on marketing rather than leads im all for it.

But to the OP, feel free to drop me a PM if you want to ask anything in paticular.

An investment of 5 or 600 quid to get a return of 2K is not a good deal in your line of work. Especially with the amount of chasing around and talking to idiots you are going to need to do in order to make that 2K if you rely on buying leads.

Over what time period would you be doing these figures? It that an average week?

 

[tony84]

To be honest, it was over the course of a month when i was first starting out last year.
That £2k also took about 2 months to get paid out, it was a valuable lesson learnt that if your doing it you need to throw a lot at it or find another way of getting business in.

Now i buy leads when im quiet as a way of supplimenting any other business i get.

I wasted a lot of money when i first started out as i was trying to find what worked and what didnt. If i had that sort of money again i would do things a lot differently - its all part of life though you live and learn.

 

[S-Marketing]

To be honest, it was over the course of a month when i was first starting out last year.
That £2k also took about 2 months to get paid out, it was a valuable lesson learnt that if your doing it you need to throw a lot at it or find another way of getting business in.

Now i buy leads when im quiet as a way of supplimenting any other business i get.

I wasted a lot of money when i first started out as i was trying to find what worked and what didnt. If i had that sort of money again i would do things a lot differently - its all part of life though you live and learn.

Its an expensive way to learn how to generate work for yourself, but at least you learn't that buying leads isn't the way to go.

If you were spending 5 or 600 quid per month on leads you could have had me working for you for 1 day per month. That would have generated a lot more than a couple of grand per month, I would have even done it on a results based fee structure. Anyway, too late now and this is a little off topic.

Like you said, you live and learn.

 

[tony84]

If you can generate me £2k worth of business based on 1 days work, i would happily pay you £500!

 

[S-Marketing]

If you can generate me £2k worth of business based on 1 days work, i would happily pay you £500!

It would need to be an ongoing deal, rather than a one-off. I would, however, be happy to do a deal based on those figures. If you would like to chat, pm me and ill send you my email address.

 

[Young Recruit]

It would need to be an ongoing deal, rather than a one-off. I would, however, be happy to do a deal based on those figures. If you would like to chat, pm me and ill send you my email address.

I would love to see the result of this.

So can you Guarantee Tony84 a 300% ROI Stretchy?

JA

 

[tony84]

Will drop you a pm later on, just got a plasterer round at the min.

 

[S-Marketing]

I would love to see the result of this.

So can you Guarantee Tony84 a 300% ROI Stretchy?

JA

As a general rule I would usually aim for returns of between 500 and 1000 %. I would certainly be interested in doing a deal whereby I would be paid based on the figures Tony mentioned.

If one day you start a business of your own, I would offer you the same deal so you could see how it's done.

 

[crosbtmrkt]

Its an expensive way to learn how to generate work for yourself, but at least you learn't that buying leads isn't the way to go.

If you were spending 5 or 600 quid per month on leads you could have had me working for you for 1 day per month. That would have generated a lot more than a couple of grand per month, I would have even done it on a results based fee structure. Anyway, too late now and this is a little off topic.

Like you said, you live and learn.

so you would be a 25% partner on all new business generated from a certain time agreed is that correct?

how would you work it would it not just be easier to start a new company because i should imagine that would be a very difficult contract to write or would it be a gentleman's contract and done on the shake of hands.

im not calling the idea i think it sounds great for both sides you would have no outlay and Tony would have a different brain to work behind the scenes but i am curios about how you would do it.

 

[tony84]

I cant comment on other businesses, but because of the industry im in all of my business has to go through a system otherwise i dont get paid myself. So its possible for me to evidence what business has gone through.

 

[Young Recruit]

As a general rule I would usually aim for returns of between 500 and 1000 %. I would certainly be interested in doing a deal whereby I would be paid based on the figures Tony mentioned.

If one day you start a business of your own, I would offer you the same deal so you could see how it's done.

If it's possible to have a legally binding contract saying that you will guarantee me a 1000% return, I will definitely do business with you. You can make me millions!

JA

 

[crosbtmrkt]

Hello UKBF Members,

I'd like to pick the brains of those that are actively purchasing leads, In particular service providers.

What problems do you have with your current lead provider, What would make them better etc?

The reason I ask is because I'm working on something very new and exciting which will change a lot of peoples businesses for the better. (Zero Risk Marketing) - More will be revealed later, but for now please share your thoughts.

if we go back to the original question i think the best way to do business like this is the same way stretchy is with Tony and get paid on every deal not on per lead and take a % from the gross contract value.

pm me when you have it up and running and we can do something if you want to work like this.

 

[S-Marketing]

If it's possible to have a legally binding contract saying that you will guarantee me a 1000% return, I will definitely do business with you. You can make me millions!

JA

I'm not sure if you are intentionally misunderstanding, or being a bit daft, but if I could guarantee huge returns no matter what level of investment, and no matter what the client did, i'd be the richest person on the planet.

I work based on my fees being a certain percentage of the success of what I do. Clients like this, because if what I do didnt work, they would have nothing to pay. Although I have never failed to meet targets yet, not even once.

This conversation is a little off topic now. Maybe we should continue this in another thread.

 

[ScotComp]

There is nothing wrong with buying leads, it works for certain businesses and not for others.

Give it ago, it's not expensive to get a few hundred names and see what results you can get from it.

 

[Woodham Man]

Stretchy- im also a Mortgage and Protection Advisor like Tony. I would be interested as well .Send me a PM if its of interest to you.

 

[margaretsullivan224]

The ideal list has fresh multi-buyers who have bought similar products/services around the same price range as you current offer.

 

[crosbtmrkt]

The ideal list has fresh multi-buyers who have bought similar products/services around the same price range as you current offer.

most people call this data and people who want an actual appointment to see someone about a product or service they call a lead.

 

[Prestige-SEO]

so what would you call someone actually calling you directly?

 

[OldWelshGuy]

someone calling directly would come under CPA

 

[S-Marketing]

Stretchy- im also a Mortgage and Protection Advisor like Tony. I would be interested as well .Send me a PM if its of interest to you.

I wouldn't be interested in taking you on as a client, sorry.

 

[crosbtmrkt]

someone calling directly would come under CPA

yeh if you was going to sell them you would call it cpa or inbound warm leads

 

[Cynic]

I can understand Stretchy's point.
I buy leads and have spent maybe around £500-600 to earn maybe £2k. The bulk of the leads are useless, time wasters, you cant get your money back and they have no chance of getting a mortgage in a million years (Self employed taxi driver who earns (declares) "£12k a year" wanting a £150k mortgage spring to mind).

If there are better ways of spending your budget on marketing rather than leads im all for it.

But to the OP, feel free to drop me a PM if you want to ask anything in paticular.

So you are a private mortgage lender ? One mans trash is another mans gold. I got an interesting proposal for you and any other mortgage lender who wants to monetize these "time wasters" and no I'm not talking about reselling them . PM me if interested

 

[tony84]

No, im a mortgage advisor.
I wish i had the money to lend. I find people a mortgage which suits their needs and do all the paperwork etc.

 

[Cynic]

Well either way, i'm sure you have a backlog of these worthless leads who wouldn't get approved in a million years ... Let me know if you are interested in monetizing them