Todays Options Lead Management Sys.???

Apr 13, 2007

  1. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    Has anyone used or is anyone using the todays options LMS to order leads. If so how are they. They claim to close 50% and get a response of 2.6
     
  2. Cenla Agent
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    Cenla Agent Guru

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    I don't sell that product, but I've talked to several agents who do and none of them who tried to hire me has mentioned this option. The prospecting methods I've heard are calling on their existing clients, advertising, holding seminars or meetings, etc. and cold calling leading with their supplement.
     
  3. furlover
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    furlover Expert

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    Have not used them. But, I do have their information from Pyramid.

    I was not given their close %'s like you have. But, if their 2.6% return allows you to close 50%, that would be about $20 a contract. To me, it is worth a try. If you close just 2 or 3, it will be a break even. Seems to be worth the risk.

    I do intend to try it, once I have the major doctors and hospitals agreeing to accept MA plans.

    I do believe you have to be signed up with Pyramid to use the service. Don't know that though.

    Cost is $250 per thousand. Minimum 2000 order. You order by zip code.

    The company is Lead Management System. The contact person is: Rose 1-866-233-5906 x 113

    One thing I would want to know first is: How they select the individuals who are mailed their cards. That seems to be an important factor to evaluate.

    Linda
     
    furlover, Apr 13, 2007
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  4. Sam
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    Sam Founder Administrator

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    Hi Linda,
    nice to see you back!
     
    Sam, Apr 13, 2007
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  5. furlover
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    furlover Expert

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    Thank you. I can't tell you how much I appreciate this forum. Because I work alone and am new in the industry, there is so much to learn from you all.

    I try to check in every day. Today I had the time to respond.

    Linda
     
    furlover, Apr 13, 2007
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  6. GreenSky
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    GreenSky Guru

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    I've used them for 2 mailing of 2,000 pieces each. One to Santa Barbara, CA and the other to Mohave County, AZ. I received about a 2% response but still found it difficult to "seal the deal." Just like Final Expense, it seems most people who responded had no idea what they were requesting.

    Out of 10 leads, I might get 3 appointments and MAYBE place 1. Perhaps I suck at selling, but I doubt it.

    Just life Final Expense leads, it's relatively easy to get a card back, but still difficult to make the sale.

    Out of the 4,000 pieces, I sold enough to basically break even on the costs, gas, etc. Well, that's not exactly true since when I go to Arizona I stay a few miles away in Laughlin, NV. On the 2 trips there, I hit royal flushes on video poker totalling $12,000 (and left with that amount), so I guess that technically I made money by doing the mailings.

    Rick
     
    GreenSky, Apr 13, 2007
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  7. policy doctor
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    policy doctor Guru

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    nEW lIVING

    Well Green Sky, sounds like your real money is made in the casino and your MA commissions are your "fun Money"!! LOL !!

    Surprised to hear final expense leads are not buying. Usually that was a good mkt if insurable.
     
  8. johnrocks
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    johnrocks Guru

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  9. Guest
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    Guest Guest

    I have mailed out about 5500 pieces through LMS and have sold about 50 policies from those mailings. I have found about 2.7% response and sell about 25% of those reponders not incl spouses.

    Cost $.275 x 5500 = $1500

    $1500/50 = $30 per sale

    $250 first year commish x 50 = $12500

    833% ROI
     
    Guest, Apr 16, 2007
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  10. pfsthib
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    pfsthib Super Genius

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    Do you have to be a captive agent to do the mailing? A buddy of mine called LMS and they told him he couldn't do the mailing, only career agents.
     
    pfsthib, Apr 16, 2007
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