Boost Your Business with a Direct Marketing Solution
How do you go about implementing a direct marketing campaign without increasing staff?
By Kristina Murray
EXECUTIVE SUMMARY
Recently, Leads360 published a series of studies to empower consumer-facing organizations to convert more inquiries. The
two major takeaways to date are: (1) calling new inquiries quickly is one of the biggest drivers of lead conversion, and (2)
calling inquiries 6 times is the best way to achieve nearly maximum conversion rates, without overtaxing stats. This new
study builds upon the previous research by adding a new dimension: conversion rates can be further increased by properly
timing contact attempts.
BACKGROUND
Until now, little data has been
available about the optimal time one
should wait between each call
attempt. This has led to suboptimal
consumer response strategies where
inquiries are contacted haphazardly.
Contacting inquiries too slowly, too
frequently, or not frequently enough,
all result in poor lead conversion
rates. The data below represents the
findings of this study, which is based
on over 20 million consumer inquiries
handled by Leads360 clients.
Keith
Burwell is the Vice President of Sales and Business
Development for Kaleidico, a
software firm providing solutions for online lead
management, delivery and analytics. Products
include: icoSales, a sales management solution and
icoMatch, a lead distribution platform.
Prior to working at Kaleidico, Keith was the
National Director of Operations for Online Home
Equity at Quicken Loans. Previously, he had worked
as a Management Consultant, partnering to provide
solutions for such top companies as Key Bank,
Boeing, M&M/Mars, Bosch, Foster Wheeler and many
others.
Keith has also led various teams and groups for
Fortune 500 industry leaders such as Graybar, Yellow
Freight, and Aramark. In addition, he currently
holds an active seat on the Sales Lead Management
Association's Advisory Board.
Keith's vast industry experience has given him
critical insight into successful performance,
thoughtful leadership, and compelling business
strategies that continue to drive production. He has
been a moderator at various conferences, workshops,
and seminars and has frequently been a Performance
Coach in countless meetings with hundreds of
attendees to develop and build best practices.
Keith holds a Bachelor's degree in Economics from
The Virginia Military Institute. He earned his
Master's in Business Administration from Liberty
University. Inquiries into scheduling engagements
can be made at [email protected].