- 11,997
The only thing I'm not 100% in agreement with you about is the quality of the live intro leads, but that's only from my inexperience with them. They might very well be great. Everything else you said I know is 100% spot on.
Live Transfers for Final Expense
- Thread starter Dragline
- Start date
The only thing I'm not 100% in agreement with you about is the quality of the live intro leads, but that's only from my inexperience with them. They might very well be great. Everything else you said I know is 100% spot on.
- 2,627
I find the quality to be identical (generally speaking) to any other lead. Except for me the cost for a "live transfer" lead is much much cheaper. Depending on how I tweak the script the cost is as low as $2.50 per lead and as high as $9.80. The $2.50 lead returns about a 2% closing ratio (telesales) and the $9.80 lead returns a 10% closing ratio (telesales). I believe if it was F2F the closing ratio would be slightly higher. I use a middle of the road message and average 4.2% to 5.2% closing ratio and have been for the last 3 years straight. So for ROI they rock, in my humble opinion.
I am sure no one will believe these numbers especially the few that do this themselves, but I have an edge, I own a TM company in the Philippines so my hourly costs are very low in comparison. Also the language barrier isn't a problem because they only need to say/ask one simple question. It's kinda cool acutally.
- 3,764
If its the operation run by a Mike Bennett out of Florida, he has gotten sued several times, as his leads ARE NOT OPT In....Buyer beware
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- 2,627
Too funny, please show me where I am selling anything I simply answered a question, see I'm here too help, I don't hide behind a screen name, and I don't bash anyone based on absolutely nothing. Last time I checked if you run a search on any company or business you will always find someone that wasn't happy especially disgruntled employees. If you would like to ask me specific questions go for it, again I'm not hiding my name or anything else, look at all my post, I'm here to help.
- 142
New update on the Robo Call law just went into affect this May. The FTC can now go after not only the company broadcasting the message, the agent who purchased the broadcasting, but now also the carrier that the agent is representing. The insurance carriers have the deepest pockets and they know this.
I have an email from one of the carriers just about 6 weeks ago stating that they will terminate any agent contracts who is found to be voice broadcasting.
Not only will you have a chance at hefty fines from the FTC, the carriers will terminate your contract, and the state dept of insurance will cancel your license for illegally marketing insurance products.
Definitely not worth it. Stay away from voice broadcasting to consumers.
Now on the other hand voice broadcasting to businesses is still legal in 36 states. Voice broadcast to small businesses about dental or health insurance and get tons of leads for a reasonable price. Just stay away from voice broadcasting to consumers.
I have an email from one of the carriers just about 6 weeks ago stating that they will terminate any agent contracts who is found to be voice broadcasting.
Not only will you have a chance at hefty fines from the FTC, the carriers will terminate your contract, and the state dept of insurance will cancel your license for illegally marketing insurance products.
Definitely not worth it. Stay away from voice broadcasting to consumers.
Now on the other hand voice broadcasting to businesses is still legal in 36 states. Voice broadcast to small businesses about dental or health insurance and get tons of leads for a reasonable price. Just stay away from voice broadcasting to consumers.
- 11,997
That's really good stuff to know. Could you share the source? Is it just on the FTC website or did you see a release on it elsewhere?
- 142
Here is the email it is from Health Insurance Innovations, they sell guaranteed issue health insurance indemnity products......
Compliance Update: The Telemarketing Sales Rule & Prerecorded Solicitation
Health Insurance Innovations' Compliance Department aims to keep you informed about rules & regulations that affect how you do business. Today's update discusses the Federal Trade Commission's Telemarketing Sales Rule and a recent declaration by the FCC regarding "third-party" responsibility.
It has come to our attention that some lead producers, agents, and/or agencies have used, or are still using, prerecorded calls to solicit business, a practice that recently resulted in a 1.1 million dollar fine levied by the Federal Trade Commission against a telemarketer in California.
While this case is recent, the law affecting judgment of cases involving prerecorded solicitations is not. As of September 1, 2009, the FTC's Telemarketing Sales Rule "expressly prohibits outbound telemarketing calls that deliver a prerecorded message unless the seller has obtained the call recipient's prior signed, written agreement to receive such calls from that seller."
Consequently, if you or your lead producer engages in this practice without prior, written agreement, you can be fined up to $16,000 per violation. Further, each business up the chain can be held "vicariously liable," for prerecorded calls made "on behalf of" a third party, according to a May 9, 2013 declaration from the FCC.
HII's position on the use or endorsement of prerecorded calls as a lead-generating strategy is definitive. If you use prerecorded calls as strategy and you cannot prove prior, written agreement has been obtained from each consumer, you are engaging in or endorsing an illegal practice. Accordingly, HII will swiftly sever the relationship between itself and any entity that does business in this manner.
Thank you,
Health Insurance Innovations
Compliance Update: The Telemarketing Sales Rule & Prerecorded Solicitation
Health Insurance Innovations' Compliance Department aims to keep you informed about rules & regulations that affect how you do business. Today's update discusses the Federal Trade Commission's Telemarketing Sales Rule and a recent declaration by the FCC regarding "third-party" responsibility.
It has come to our attention that some lead producers, agents, and/or agencies have used, or are still using, prerecorded calls to solicit business, a practice that recently resulted in a 1.1 million dollar fine levied by the Federal Trade Commission against a telemarketer in California.
While this case is recent, the law affecting judgment of cases involving prerecorded solicitations is not. As of September 1, 2009, the FTC's Telemarketing Sales Rule "expressly prohibits outbound telemarketing calls that deliver a prerecorded message unless the seller has obtained the call recipient's prior signed, written agreement to receive such calls from that seller."
Consequently, if you or your lead producer engages in this practice without prior, written agreement, you can be fined up to $16,000 per violation. Further, each business up the chain can be held "vicariously liable," for prerecorded calls made "on behalf of" a third party, according to a May 9, 2013 declaration from the FCC.
HII's position on the use or endorsement of prerecorded calls as a lead-generating strategy is definitive. If you use prerecorded calls as strategy and you cannot prove prior, written agreement has been obtained from each consumer, you are engaging in or endorsing an illegal practice. Accordingly, HII will swiftly sever the relationship between itself and any entity that does business in this manner.
Thank you,
Health Insurance Innovations
- 1,011
It is illegal... but that aint stopping anybody.. I get all kinds of robo calls from a/c, car loans, mortgage refi etc...
They've got it to where its almost impossible to track the number
They've got it to where its almost impossible to track the number
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I got calls from FE IMO's to website advertising to selling a host of other products from robo calls. It sounds like a bombardment of it coming in these days as more folks are avoiding the high costs of mailing or an expensive "legal" telemarketing outfit.
As long as it remains to be a much more cost effective way to run it while producing the returns they will be around until there is a bigger crack down on it which most likely will never happen.
As long as it remains to be a much more cost effective way to run it while producing the returns they will be around until there is a bigger crack down on it which most likely will never happen.
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