First, some basic definitions:
Aged Insurance Leads
These are leads purchased by sales agents, on average, somewhere between 31 and 85 days after they were generated online. The source typically is no different from real-time leads, they just did not convert for other agents, the prospect may have said they were not interested yet, or they may have been vetted longer. If you consider these leads, it's worth asking your lead generation company how they are generated.
Real-Time Insurance Leads
Just like the title indicates, these prospect leads are hot out of the oven, generated that day and often sent to within seconds of the insurance lead submitting an online application or contact form. That is the obvious difference between the two. The more nuanced, but potentially more significant differences, show themselves when you dig deeper:
Difference in Cost
A huge difference between the two lead types is going to
Understanding the ROI
The return on investment difference here is going to revolve around how much contact time you’re wanting to put in. Real-time leads offer the opportunity to get to the front of the line in terms of reaching the prospect and converting them before anyone else, that’s where the real value of real-time insurance leads come in and the payoff can be the backbone of your income. With aged leads, the ROI is going to be based on playing the numbers game. The chances of the aged lead prospect having already bought a policy are vastly
The volume of aged insurance leads that are required to be managed in order to be cost effective quota-wise, raises this question: How much do you love to
Another consideration to take into account when managing your leads, whether they be real-time or aged, is your optimization of them. If a real-time lead prospect proves to be unavailable or says no, do not give up on it. At that
Aged leads should be handled as equally precious. While real-time leads do have a strong upper hand in getting you to the prospect first, keep in mind that many of those aged leads you have can be prospects whom other agents with their lead never called at all, never followed through on an appointment, or didn’t have the right policy. For all intents and purposes, the only difference opportunity-wise between that aged lead and another real-time lead is the time it took for you to handle the situation the right way.
In short, when looking at how to approach
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