Ask a coach: Do I need to pay for real estate leads?Apr 26, 2022
Real Trends recently featured an article written by Coach Donna Stott, "Ask a coach: Do I need to pay for real estate leads?"
Here is an excerpt from it:
There is no doubt that lead generation programs are big money makers — for those selling those leads to agents, or for brokerages getting agents to come to them with a promise of leads.
In my opinion, they are huge money- and time-suckers for agents, however. I believe Steve Murray (senior advisor to RealTrends) once wrote about how agents are paying on average from these sources of over $3,300 per closed lead. That’s not the worst of it.
The worst of it is this: Agents say that these leads covert 1% to 4% of the time. That means for every 100 leads an agent follows up with and nurtures, only one to four of them end a closed deal. So, they wasted their time on 96 to 99 people.
Click HERE for more of the article.