Payday Loan Leads: Qualities to Look for in a Lead Provider
Payday loan leads are sold by a number of lead companies. Some are excellent, while others are less than ideal. Some are simply junk, while others come from reliable sources.
The best quality lead is dependent entirely on where the leads are coming from.
A good payday lead can be found by looking for businesses that generate leads on their own websites. The businesses that created and run the websites they use to deliver leads to you that have active phone numbers, working emails, and a genuine interest in getting a loan.
Additionally, when it comes to payday loans, the customer’s income—whether it be monthly or yearly—is crucial because it plays a significant role in determining their capacity to repay the loan.
Therefore, it stands to reason that the better the income, the better the lead. Therefore, be sure to ask for proof of customer income when looking for a lead company. Better yet, double-check your knowledge of this information prior to lead purchase.
Believe it or not, there are businesses out there that are open enough to provide you with all the details you require to decide whether or not the lead is viable for you.
A company that will give you options is something else to look for. Options don’t just refer to online leads when I use the word.
Some people favor inbound calls from customers seeking loans or live transfers.
If you are a busy person, think about working with a company that has simple filters and will email you a lead if it matches the criteria you enter in your filter scenario.
Demanding excellent customer service is more important than any of this.
Make a call to the company and speak with someone there. Inquire about their refund policy. Verify that the amount of the deposit is reasonable, and if they insist that you place a minimum number of orders each day or each week, keep looking until you find a supplier who will accept payments as you go.
The importance of actually speaking with a company representative cannot be overstated. In the future, if you have a question or require a credit to your account because you bought a bogus lead, it will be crucial to know that you will be able to contact someone who can help.
Additionally, in order to increase your protection and level the playing field, search for businesses that provide a reasonable money-back guarantee. This way, if you do proceed to the next step and you are dissatisfied with the leads, at least you will know that you are protected.
But keep in mind that finding a good lead company requires doing your research. Do some research before making any financial decisions, just like you would with time.
In relation to money, what should you spend on leads?
Let’s start with a discussion of the minimal deposit amounts. It is not excessive to require a minimum deposit of between $100 and $200. However, there are businesses out there that will take minimum deposits of $50, so if you can locate any of them, it would be wise to do some preliminary research on them.
But be careful because you don’t want to sacrifice lead quality in exchange for a lower minimum deposit requirement.
I am aware that the risk decreases with decreasing the deposit, but it never hurts to first look into the source of the leads. Which brings us back to the opening of this article and is worth repeating. Check out the businesses that use their own, independently operated lead generation websites to generate leads.
I can assure you that quality will make you much happier and will help you close more loans.
