buying leads from company?

Question

anyone ever buy leads from a company?

apparently this company sells leads all around the usa. $600 in LA, $80 in my county since nobody is doing it in my area. i found this company on my own, they did not find me.

any idea what the conversion rate is on these?  obviously it depends on the investor and how well they do when speaking with sellers.  but has anyone ever tried this?

John Ma · Answer

@Jack Rengold

6 month follow up. How do you feel about your purchased leads?

Ive been looking into purchasing about 50 as a test run.  Upon research, people who have used purchased leads will find a deal out of every 20-30 purchased leads.     Of course that all depends on where its coming from.  The only thing I am concerned about is recycled leads.

What company are you referring to Jack?

Jack Rengold · Answer

yeah i was thinking about doing it myself as well.

Isaac Guzman · Answer

Thanks for the update. I was mistaken in my understanding. In that case, your other option is to generate such leads on your own. Using a solid website in combination with facebook and google adwords, you may be able to generate more leads for the same cost. I guess it really boils down to whether or not you are going to be marketing online as well, or just using this company to generate your leads for you.

If it were me, I would use the leads for a test period (or amount, depending on how the company prices) and see if the conversion rate is high enough to justify the cost. Then you can compare that to running your own online ads. I would add that if your area has little to no competition, you may as well establish your online presence and generate your own leads, as less competition generally means cheaper ads, more visibility and less competition once you reach out to the lead. I say this last part presupposing you have a website which can capture lead information.

I hope this helps.

Jack Rengold · Answer

its up to date. this guy claims ill get the lead instantly sent to me

Jack Rengold · Answer

@Isaac Guzman

this is not a list provider. People click this companies "adword"or website and fill out the information sheet to say that they want to sell their home.

$80 per lead

Isaac Guzman · Answer

@Jack Rengold

- Not all list providers are the same. Some have very relevant, up-to-date data and others have older less dependable data. In general, purchasing leads is a great way to grow your marketing and bring in more opportunities for deals. I would recommend buying as small a list as makes sense and test it for accuracy. If they data is solid, it should be worth the $80 investment. Also consider how much in potential deals/leads are you missing out on if you don't buy these leads. How long would it take you to build such a list? How much do you value your time vs your money? Just a few things to consider.

Jack Rengold · Answer

.

Jack Rengold · Answer

these leads are only sold to me they are not shared by the way