How to make millions with Debt leads

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Umm no.

Simply tell the logistics side of it please. If people here are claiming that nobody is paying these types of dollars please explain your experience. As for Krongel, I was hoping he would pop in here because I am a big fan of some of InterMark Media's stuff. Sry Mike!;) In knowing that I know he has experience as well selling data so I am hoping to hear more from the peeps who have sold data.

I've had data managed and just now starting to manage other's data. I've never went and sold leads on larger scale as you are speaking of. Most of my shit was blackhat BS to be honest. Keep going thx.
 


mediasup, what mortgage companies are these? like the Loan sharks located in every mall? do you have in face person to person relationships with these people? i can imagine the bigger companies must have very fixed lead prices, but in the smaller mortgage companies they might offer leads at this price if they are high quality.

???
 
Ruck said:
Simply tell the logistics side of it please. If people here are claiming that nobody is paying these types of dollars please explain your experience.
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i've worked with several high-traffic lead generation sites and i guarantee first tier leads in any niche are few and far between. less than 1%. don't believe it? try and see for your yourself. :)
 
$100 would be very nice, but you must be providing a lot more detail then just what you listed to get that premium? (I've never found anyone paying that much either, not doubting you just jealous that you found someone willing to pay so much).

:)
 
Nice post, I do quite a bit in the debt vertical and while I think $100/lead is probably stretching the limits a bit, it is easy to make over $30/lead if you have quality and work direct with a company.

mediasup said:
Sorry you have to do your research before claiming you can't get that much for a lead look exclusives leads most debt companies have a closing ratio of 35-50% and for non-exclusive 10-15%.
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As a former partner in a settlement company, a 15% close ratio on an exclusive lead would be exceptional (8-10% is standard). A 50% close ratio just isn't realistic.
 
Thanks for the reply jenzkc but that didnt really tell me shit. I dont doubt the claims of anyone until everything has been explained just interested in hearing first hand experience from data sellers.;)
 
Ruck said:
Thanks for the reply jenzkc but that didnt really tell me shit. I dont doubt the claims of anyone until everything has been explained just interested in hearing first hand experience from data sellers.;)
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i'm not here to tell you shit. :)

what's especially amusing about the OP's post is that he assumes the person running the site will know which leads of theirs are "exclusive" before selling them. Like you're going to go to a buyer and say "well, these leads are exclusive, so you need to pay more for them just because". lulz. and good luck tracking those "exclusive" conversions.
 
jenzkc said:
i'm not here to tell you shit. :)

what's especially amusing about the OP's post is that he assumes the person running the site will know which leads of theirs are "exclusive" before selling them. Like you're going to go to a buyer and say "well, these leads are exclusive, so you need to pay more for them just because". lulz. and good luck tracking those "exclusive" conversions.
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Unless the borrower filled out applications on other websites, the leads are as exclusive as you want them to be. You can sell the lead to 1 company and its exclusive. If you sell it to 10 companies it's not.

I don't have experience in this niche but I think up to $100 per lead could be possible if they are kept exclusive. I don't know what debt settlement companies make off each client, but for example...

I did work with a mortgage brokerage a few months back, I believe their average profit per closed deal was $2k. They bought some of their leads from Loanbrite for ~$10 per lead. These $10 leads were sold to as many mortgage brokers who wanted them. They also bought some of their leads from lowermybills.com. These leads were sold to no more than 4 brokers, and cost $120 a piece. Exclusivity makes a HUGE difference in the value of the leads. They told me that on the cheap leads from Loanbrite, more than half the time they called on the leads the customer hung up as soon as they realized it was another mortgage company, because they had already been called by 10 other mortgage brokers that same day. Obviously leads that aren't whored out like that have a much higher sale rate, which is why I don't doubt the OP.

And tracking the conversions really has nothing to do with the OP's post, obviously higher quality leads will be easier to sell, but getting the conversion is the debt settlement company's job...not ours.
 
phil9922 said:
Unless the borrower filled out applications on other websites, the leads are as exclusive as you want them to be. You can sell the lead to 1 company and its exclusive. If you sell it to 10 companies it's not.
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I wish I could be the one who determines the exclusivity of my leads. Wouldn't that be nice.
 
I happen to know the debt space inside and out. Ill sell you my leads for $30, they come from the exact method you refer to above, you can flip them for $100 and make 250% profit, let me know how we can set it up so i can sell to you.

Otherwise, i reiterate my original point, that no one will buy an exclusive internet paper lead for $100, not even $30

Avg fee on a debt settlement client is about 3K, yeah some may be higher and some less, the average is $3K. No lead closes at 50%. Internet paper leads close on average 4- 6%, the very best leads those from honest SEO campaigns will close 10-12%. Those are the best leads, but hard to come by. You might get as much as $30 on SEO leads.

The idea is a good one, one i have been doing for 3 years on RestoreMyCreditReport.com but a debt lead is worth more like $15 exclusively, not $100.

I sell live phone leads via a nationwide radio commercial that my best price is $90 a call. A call is someone live on the phone which is more valuable than someones name on a piece of paper.

I am not knocking the idea just trying to put the earnings in to perspective. If you are getting $100 for all your leads, not sales on your leads, then i can sell you 10K leads a month at $30. Youll be a millionaire in no time reselling them for $100.
 
I feel like mkrongel has it right. I have done a little work with debt leads and the best price I could get was just above $20 for exclusive leads.

When I read "$35 dollars for non-exclusive leads and $100 exclusive leads." I was highly skeptical.

Are you still selling leads at this rate? How many companies are you selling to for this price? What kind of volume?
 
mkrongel said:
I happen to know the debt space inside and out. Ill sell you my leads for $30, they come from the exact method you refer to above, you can flip them for $100 and make 250% profit, let me know how we can set it up so i can sell to you.

Otherwise, i reiterate my original point, that no one will buy an exclusive internet paper lead for $100, not even $30

Avg fee on a debt settlement client is about 3K, yeah some may be higher and some less, the average is $3K. No lead closes at 50%. Internet paper leads close on average 4- 6%, the very best leads those from honest SEO campaigns will close 10-12%. Those are the best leads, but hard to come by. You might get as much as $30 on SEO leads.

The idea is a good one, one i have been doing for 3 years on RestoreMyCreditReport.com but a debt lead is worth more like $15 exclusively, not $100.

I sell live phone leads via a nationwide radio commercial that my best price is $90 a call. A call is someone live on the phone which is more valuable than someones name on a piece of paper.

I am not knocking the idea just trying to put the earnings in to perspective. If you are getting $100 for all your leads, not sales on your leads, then i can sell you 10K leads a month at $30. Youll be a millionaire in no time reselling them for $100.
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Well put. Let's see if he can pull through with that $100 golden ticket...
 
I suspect you've never had the annoyingly tedious task of actually slanging debt leads. If you can sell them for $100 exclusively or $30 shared.

Try ~$30-35 exclusive and ~$12-15 shared sold 3-4x. That's close to market.
 
I'm very familiar with the debt space and share the same opinions of those in this thread. An exclusive 10k+ debt lead is worth $35-40 tops. Typical closing rate for an exclusive debt lead is 5-20% depending on how the lead is generated and the competency of the company using the lead. Companies running their own back-end typically see a 10x ROI on a $25 lead when everything's done right, and collect this commission over a long period, eg 6-12 months. Assuming these metrics, a $100 exclusive lead simply does not make sense.
 
Dont sell wood like in the movie most of the leads being sold are old 120 day old B.S. leads for 15-30 dollars again you get what you pay. Im done with this thread please kill it lets talk about more productive stuff like boobs

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mediasup said:
Dont sell wood like in the movie most of the leads being sold are old 120 day old B.S. leads for 15-30 dollars again you get what you pay. Im done with this thread please kill it lets talk about more productive stuff like boobs

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I came back to this thread to see your reply after all the skepticism, and this is it? What a cop out man.


Why not take Krongel up on his offer?
 
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