SUBSCRIBE TO OUR NEWS EMAILS
Sunday, 21 June, 2026
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
BestAdvice
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

Make lead buying more effective

by Guest Contributor
19 March 2012
Share on FacebookShare on TwitterShare on LinkedIn

LatestNews

Suffolk BS returns to 90% LTV market

Precise Mortgages launches cashback and refunded valuations

Bluestone Mortgages appoints national account manager

&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtThree simple ways to make buying leads more successful: Justin Rees
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtThe difference between an average lead generation campaign and a successful one can come down to small margins. While it takes time to perfect a strategy to maximise your conversion rates and ROI from buying leads, there are a few simple things you can do now to get ahead.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt&ltstrong&gtOut of hours&lt/strong&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtThe internet is a 24 hours per day, seven days per week business and when it comes to financial services things are no different. The fact is that if you only take leads from 9am to 5pm Monday to Friday, not only are you missing out on a large section of your potential customers, you will also end up paying a premium for the leads you do purchase.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtIf you buy mortgage leads for example, and you have specific filters in place such as post codes, and a low maximum LTV there are only ever going to be a finite number of consumers that meet your criteria submitting their details online to receive advice. If you only purchase leads between 9am and 5pm that’s just eight hours out of a possible 24 hours when people are filling in forms. Looking at the statistics and how consumers use the internet there are genuine enquiries being generated at all times of the day. From the night worker that fills in a form at 6am when they come off their shift to the doctor who doesn’t have time to use the internet for personal use during the day so submits their inquiry at 8.30pm after they come home from work.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtDespite what many lead buyers think, there is no evidence to show that leads purchased outside of standard office hours perform any worse and in fact there are many lead buyers that swear by taking out of hours leads only. So leave your order on 24 hours per day to take advantage of these consumers. There is also less demand for these leads at these times so you might pick up leads for a few pounds less which over the course of a month can be a substantial saving.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtIn addition to this, the same principle applies to weekend leads only the potential savings for lead buyers are even larger. People are increasingly going online looking for advice on the weekend and they have more time at their disposal compared to during the week so can spend longer researching their options before they submit their details to be contacted. This often means that as a lead buyer you can get a different type of customer on the weekend compared to the week.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt&ltstrong&gtKnow the rules&lt/strong&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtDon’t just assume that all lead providers are the same and the only difference between each one is lead price and performance. While there is at least some overlap between the majority of reputable leads provider, there are often differences that can be crucial for the success of the lead buyer.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtMany lead buyers assume for example that all lead providers offer the same filtering options for each lead product but this is not the case. Taking mortgage leads as an example, some lead providers set a maximum LTV of leads that they sell on to buyers and there is no way of controlling what you get while others let you explicitly select a maximum LTV for the leads that you purchase. In the current mortgage market, the mix of LTVs in your lead supply can often be the difference between success and failure.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtAnother important difference between lead providers is their refund policies. While most providers do have some kind of refund policy, each one may have a slightly different set of rules on things like how to leave feedback, which feedback codes make a lead eligible for review and how many attempts are made to verify the buyer’s feedback. For example, some lead providers give you five days to leave feedback while others allow more time.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gtWhen leads can cost £30+ in some verticals, you can potentially lose a lot of money if you don’t know the subtleties of the refund policy. Making sure you know the finer points of each provider’s refund policy is especially important if you work with multiple lead providers at any given time.
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt
&ltp style=&quotmargin: 0.0px 0.0px 0.0px 0.0px font: 12.0px Helvetica&quot&gt&ltstrong&gtBe Prepared to hear “No””&lt/strong&gt

Previous Post

Avoiding overseas mortgage mistakes

Next Post

BSA sees rise in numbers expecting property price rises

Have you read the latest news?

NatWest returns to 90% LTV mortgage lending
first-time buyers

Suffolk BS returns to 90% LTV market

14 September 2023
Precise adds lifetime trackers to limited edition BTL range
residential rates

Precise Mortgages launches cashback and refunded valuations

14 September 2023
Why being self-employed isn’t a barrier to mortgages at 50 or 90
appointment

Bluestone Mortgages appoints national account manager

14 September 2023
Brokers “doing great job” sourcing mortgages
regulatory review

FCA finds substandard advice in later life lending market

14 September 2023
Spring Finance hires head of sales for second charges
appointment

Spring Finance hires head of sales for second charges

14 September 2023
Property professionals doubt EPCs’ use in tackling emissions
energy efficiency

Leeds Building Society unveils new green mortgage

14 September 2023
Next Post

BSA sees rise in numbers expecting property price rises

Aldermore added to Countrywide panel

Stonebridge and SFS strengthen relationship

OPINIONS

Don’t widen the protection gap

A continuous focus on marketing pays dividends

10 September 2023
Accord Buy-to-Let cuts fixed rates

Has the Bank Base Rate finally peaked?

10 September 2023
CPI inflation remains negative

Inflation is often misunderstood

3 September 2023
Anticipating the Autumn Statement

It makes sense for lenders to target high LTV business

1 September 2023
Election making adviser uncertainty worse

Why you need to continually appraise where your business is at

1 September 2023
  • Subscribe
  • Advertise
  • Backlinks
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

X
No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.