Insureme - another dirty trick

[TXINSURANCE]

1 of 8 is good ROI , your expectations might no be realistic. Remember 1 of 8 of "good" leads, back out any approved credits.

It doesn't look like you tried enough leads IMHO if you are who I think you are :-)

If you want another shot email or PM me and I'll make you a one time special offer.

We now have pricing from $7.99 to $9.99 with pausing option and IHIAA member discounts as always.

It is not a perfect system by any means but we are not buying affiliate junk leads, I generate my leads at around 3X the average national cost.

We are not selling to lead companies or 9 agents which helps also. Individual results vary as you know - but if you are trying to close 1 of 3 or 1 of 5 low cost Internet leads, I don't think long term that is realist in my opinion.

I do respectfully appreciate your feedback and comments and wish you much success.

 

[moonlightandmargaritas]

1 of 8 is good ROI

1 out of 8 isn't "ROI", it's "closing ratio". It's not enough data to say whether it's "good" or "bad".

Whether the return on investment is sufficient or not is a function of the amount of premium and compensation generated.

"1 of 8" can have a lot of variance. Consider:

$1,200 annual premium, first year comp $240, lead cost $10. ROI is 3 to 1.

$3,600 annual premium, first year comp $720, led cost $10, ROI is 9 to 1.

Big difference!

Saying you close "1 out of 8" doesn't give enough information to even calculate the ROI.

PS-I tried a large enough sample that based on my experience and data is statistically accurate.

 

[Expat]

ROI is calculated on the amount of money you earn versus how much money you laid out buying the leads.
There are no other variables.

 

[The Rabbi]

Search "Medicaid" and see all the sponsored sites offering free quotes. The Internet lead business is about quantity, not quality. Not a one of them can produce a qualified prospect on a consistent basis. They all want me to pay for leads that never answer the phone. That is useless merchandise and I don't see how they can justify charging me for worthless merchandise. They take back up to 20%, unfortunately more than half are a waste of time. They put car dealers to shame when it comes to hype. I'm overqualified to be an unpaid telemarketer.

 

[moonlightandmargaritas]

Not a one of them can produce a qualified prospect on a consistent basis.

I haven't found this to be the case at all.

I use one that has an 83% contact ratio (they answer the phone).

It continues to earn me a high ROI, I get back $10 in comp for every $1 I spend on leads...

 

[TXINSURANCE]

1 out of 8 isn't "ROI", it's "closing ratio". It's not enough data to say whether it's "good" or "bad".

I actually meant to put closing ratio.

I use one that has an 83% contact ratio (they answer the phone).

83% consistently on Internet leads is not normal with any of my competition, I have used them all as an agent and have phone stats going back many years.

Good for you if you can get that - but this is not even close to normal based on my years of testing.

 

[Guest]

So you post you're getting a "great ROI", but you don't know what it is?

How about sharing the calculations/formulae you use for determining ROI? TIA

 

[moonlightandmargaritas]

How about sharing the calculations/formulae you use for determining ROI? TIA

Go back and read the thread, it's in previous posts.

 

[moonlightandmargaritas]

83% consistently on Internet leads is not normal with any of my competition, I have used them all as an agent and have phone stats going back many years.

Yes, it is very strong. A normal range for me has been 55-64%. Contact rate though isn't THE most important one - it's like "time of possession" in football - if you don't score points, it's meaningless.

The only stat that matters is ROI. How much do I get back vs. how much I've spent.

Everything else is academic, unless the comp system was changed when I wasn't looking!

 

[TXINSURANCE]

The only stat that matters is ROI. How much do I get back vs. how much I've spent.

Everything else is academic, unless the comp system was changed when I wasn't looking!

You must have missed the memo.

LOL.