Speed to Lead Series: Part 2 – The Results -Foundation Finance

Speed to Lead Series: Part 2 – The Results

40% of the home services companies that were surveyed NEVER responded to the request for service. You read that right. Shocking.  But let’s back up.  The study* surveyed 466 home services companies to test their speed to lead.  In Part 1 of the series, we talked about what speed to lead is (how quickly you successfully get in touch with the person requesting info from you). 60% of these companies responded within a 5-day time period and the rest either NEVER responded or responded after 5 days.

Why are so many leads in the home improvement industry being disregarded/not followed up on?

  • Sales response process.

    Companies need to invest in new tools and technologies that align with customers expectations of speedy response time from web requests.

  • Cross-channel response strategies.

    Use the information captured during the lead inquiry process to follow up with potential clients in different ways – direct mail or email campaign, social media, etc.

  • The right training and sales processes.

    It’s important to have a solid sales process in place and that everyone understands how critical it is to follow up with new leads in a timely manner.

Don’t be a part of the 40% statistic.  Leads are looking for YOU and you should have processes in place to respond to their requests as quickly as possible.  Next week in part 3 of the series we will share the 5 steps to shorten the lead management gap.


*2018 Valve+Meter Performance Marketing Study

Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").

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