Wednesday, July 9, 2008

Top Lead Companies

Mortgage lead company research is essential to conduct before buying into one. Mortgage lead companies come in a wide variety of flavors ranging from $0.05 a lead to $25 and above. This may seem like a simple problem. $0.05 is better than $25, but that is not always the case. Extensive research about each firm must be part of any marketing plan. The business owner is definitely not saving time or money by just going with the first mortgage lead company that looks good.

The first step in the research is to understand what each mortgage lead company has to offer. Every site runs differently, so it is important to know how they generate their leads, how many times they sell their leads, and how extensive their application is. This will give the purchaser critical information about how valuable these contacts are. Second is to understand what their return policy is for bad leads, what type of deposit each firm requires, and the monthly fee or quota associated with dealing with that firm. What is the minimum purchase necessary to avoid fees? Make a list of all this information to compare with other firms.

Ideally, the one who purchases the contact lists will find mortgage lead companies that are selling them one time, and the leads are less than 24 hours old. Sure older ones may still be valid, but the purchaser wants to be assured that the newest of leads will increase his chances of making a sale. Figure out what the budget is to determine how many leads that can be bought from a mortgage lead company. This is where it is important to understand each mortgage lead company's deposit requirements and price per lead. For example, a person may desire to purchase 100 contacts, but finds that he would be better off spending the money to buy 5 leads that have a better response than 100 with no response. The freshness of the contact is essential.

When researching mortgage lead companies, make sure each company will be able to meet the expectations. This confidence will only come with the proper research and planning. Let these businesses compete for business. Don't be afraid to tell a company what another company has offered for the same price. The last and most important step in any business transaction for the believer is to act in the name of the Lord. Psalm 19:8,9 says, "The statutes of the Lord are right, rejoicing the heart: the commandment of the Lord is pure, enlightening the eyes. The fear of the Lord is clean, enduring forever." Our greatest responsibility in our business is to conduct it according to the moral principles in God's Word. That is more true when conducting a business over the Internet.

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