RBA Cash Rate: 4.35% · 1AUD = 0.71 USD · Inflation: 4.6%  
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Example Interest Rates: Home Loan Variable: 5.24% (5.24%*) • Home Loan Fixed: 5.70% (6.06%*) • Fixed: 5.70% (6.06%*) • Variable: 5.24% (5.24%*) • Investment IO: 5.69% (5.72%*) • Investment PI: 5.49% (5.52%*)

Business and Auto Brokers are Killing It

A few months ago I picked up a bunch of business/equipment guys by accident. They're not our usual market and I usually steer clear, but a single post I made on LinkedIn had a few dozen guys reach out. We ran a few free webinars early on, and only a couple since. All I asked of the group is that they consider one of our brokers for referrals.

First, this time last year, clients were paying as much as $15 for a weekend lead (and a little more on weekdays), and conversions in this nonconforming business space hovered around 15% - very low.

We had the year to work on this specific program, and we intentionally worked with a few highly-motivated and well-respected groups, and we narrowed in on messaging that we hadn't previously considered. We introduced these new ideas to our freebie group, and despite November - January always returning good results in this space, what I'm seeing in terms of conversions right now is a first for me. SMS-verified lead cost sits between $6 - $8 for virtually all business leads, but it's the conversions of 22% that is kind of crazy. I expected to see $12-$15 lead cost with <15% conversion. A few of these freebie biz guys were seeing (average) $15 results before we met them, but some were paying as much as $90. All have tripled their conversions. I have to be clear. Those guys in the industry that know what they're doing may be seeing similar results, but our guys are using *generic* ads and conditional landing pages that were installed on their website in about a minute. Those that put more effort in are setting better results. The other surprising result is that auto leads are consistently returned for less than $4 across all business/equipment brokers. If you called me now, I'd refer you elsewhere as our focus is mortgage brokers, but I will hold another free webinar in late January. I'm not selling anything - I don't even need to know your name. Stay tuned. Mortgage brokers are obviously killing it right now. Mortgage brokers: We're still selling the last of our 10 website/leadgen packages for $3400. Call me. 0400 777 300.

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