If you’re not familiar with the phrase conversion rate, it’s exactly what it sounds like: the rate at which a website visitor typically performs a specified action. For example, if one out of every four visitors to your ecommerce store makes a purchase, you have a 25% conversion rate. Since the goal is to get that percentage as high as possible, marketers often perform numerous tests to find ways to increase conversions and turn leads into customers.
When purchasing leads, you need to know what type of information the person was looking at and where they came from. Nowadays most business opportunity leads are generated online. The leads have done various business opportunity searches on a search engine, such as “make extra money from home”, “start a home business”, etc. and have come to a landing page. They have requested information and are waiting to receive it. Sometimes these leads have visited multiple places to get more information. The quicker you get the leads after they optin the better they are, however, the more you will pay.
Elite MLM Leads views MLM lead generation and conversion from a prospect's point of view. While other home based business leads companies claim they have the ability to generate quality network marketing leads that convert, it is usually because they have highly-specialized expertise that, at best, improves your overall recruiting efforts incrementally.
Attention scarcity is driving a shift from “rented attention” to “owned attention”. Historically, most marketing has been about renting attention other people have built. An example of this would be if you purchased an ad in a magazine or rented a tradeshow booth. But in the noisy, crowded market that today’s buyers live in, rented attention becomes less effective as attention becomes even scarcer. Of course, this is not an either-or proposition; you will ideally use a mix of rented vs. owned attention for your lead generation efforts to be affective.
ROI on PPC ads is typically very good. You can deploy and retire ads on a whim, and adjust budgets anytime you like. If you see that an ad is performing very well, and want to increase its visibility or target more similar phrases, you can increase its daily budget in less than a minute. And because of all the reporting options available, you can see exactly how your ads are performing – and how many leads you’re generating – at a glance.
The truth is there are a lot of ways to generate leads. While the internet is good, nothing will ever beat face to face. Even if you do meet someone online, you can’t expect them to just go to your website and sign up. In most cases, you want to get on the phone or on SKYPE with them and have a conversation to build the relationship. That’s where most online people mess up. Anyone can generate thousands of leads online, but it takes the talented person to convert them into customers and distributors. I build my business 100% by blogging and do very well with it, but I spend a lot of time on the phone and SKYPE with my leads.
I used to work for a telemarketing company when I was 18 selling long distance. About 20% of the people cursed me out as they did not want a telemarketer calling their house. That job was not fun but it helped me get over my fear on the phone. I owe a lot to that job and in life we can attribute a lot of our growth to the times where things were NOT that fun.
Cost per acquisition advertising (e.g. TalkLocal, Thumbtack) addresses the risk of CPM and CPC advertising by charging only by the lead. Like CPC, the price per lead can be bid up by demand. Also, like CPC, there are ways in which providers can commit fraud by manufacturing leads or blending one source of lead with another (example: search-driven leads with co-registration leads) to generate higher profits. For such marketers looking to pay only for specific actions/acquisition, there are two options: CPL advertising (or online lead generation) and CPA advertising (also referred to as affiliate marketing). In CPL campaigns, advertisers pay for an interested lead — i.e. the contact information of a person interested in the advertiser's product or service. CPL campaigns are suitable for brand marketers and direct response marketers looking to engage consumers at multiple touchpoints — by building a newsletter list, community site, reward program or member acquisition program. In CPA campaigns, the advertiser typically pays for a completed sale involving a credit card transaction.