Cost per lead sounds perfect on paper — you only pay for quality leads. But in practice, there's often more to it than meets the eye.
Within the telesales world, cost per lead is becoming an increasingly popular business model. For the closing company, these leads appear to be perfect — after all, you're only paying for quality leads. Technically yes, but the reality is often more nuanced.
Quality can start out great but quickly decline over time. As lead generation businesses push to drive more revenue, they create more and more leads to deliver to you — and when companies try to over-deliver, compliance and quality issues inevitably crop up.
The best leads are always delivered piping hot to the closer, with correct details and a potential client who has already moved down the conversion funnel — in other words, they've done their research and they're ready to buy.
Here are the most common ways lead quality can be undermined:
Step 1: Choose a reputable supplier. In a competitive industry, many companies value their reputation and maintain tight control over the product they offer. Your dialler company may be able to help you source a top supplier — this is something Blue Telecoms actively offers.
Step 2: Monitor your metrics. Always keep an eye on the early warning signs that quality is beginning to suffer:
By tracking these metrics, you'll maintain a clear view of campaign health and stay in control of the customer funnel.
If you're setting up a telemarketing call centre and want to discuss the best dialler setup and lead delivery system, we're here to help.