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Is any one aware that Netquote is selling leads to Geico in Texas?
Yes, Warren Buffett mentioned it to me when we were having breakfast together in Omaha last week.
Wow. $ 3 leads? That's a pretty good deal, unless the person never wanted a quote in the first place....
They are legit leads but I think the must have 10 agents buying leads in that zip code, an upscale suburb of Sacramento. The prospects get blasted with calls. Luckily Met Life Auto is extremely cheap in that area so we are still closing 23%. We just email the quote ASAP and send a few follow up emails. They usually respond in a few days after the initial flood of agent calls die down.
I have had many leads from netquote where the person never intended to get a quote. They were signing up for a free offer or were redirected from another site and had no idea what they were getting into.
Also, typically one or two of the 8-10 agents they sell the leads to is what they call "Affiliates". They are other lead aggregators who in turn resell the lead to 8-10 more agents and maybe another "Affiliate". I have contacted people that have been contacted by 25-30 agents. This does not always happen, but still happens too often.