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Don't forget to consider the revenue side of the equation. I imagine these promotions wouldn't exist if they didn't make money, for at least a few, business ent
by sueders101 8y ago
Don't forget to consider the revenue side of the equation. I imagine these promotions wouldn't exist if they didn't make money, for at least a few, business entities in the chain.
If they have:
0.3% conversion;
$25,000 average price;
20% margins
Which aren't unrealistic numbers for timeshares. They break even at $15 cost per lead when ignoring call center costs and other overhead. It's pretty easy to find people to work at an outbound call center for a campaign like this for $9-$12 an hour. (that's without looking offshore) There's also the possibility for additional revenue on customer financing and data resale.
When I was a very very broke college student, I worked on cold calling campaigns trying to set appointments to sell security systems. Now I do analytics for a a business that is happy with doing outbound dials on $20 CPL for largely semi-qualified leads. It ain't the most fulfilling work. But it does pay well and the owners have never, and will never take outside investment.
- fwdpropaganda 8y ago> I imagine these promotions wouldn't exist if they didn't make money That was my point.
- sueders101 8y agoAh, I misunderstood. You mentioned a $6 CPL as seeming like 'too much' and in my experience it wouldn't be. I've seen targeted data request campaigns hit that with generic survey data gathered from completely unrelated businesses/industries.(Partially qualified warm transfers usually costing at least 4-5 times that) Especially when factoring in the ease of, and revenue gained from financing deals. After accounting for, what has to be, one of the lowest costs for re-possession out of any industry; I wouldn't be surprised if they made more money from loans that defaulted/sold to collections than anything else.