- Feb 4, 2022
- 35
- 15
- Awards
- 2
- First Name
- David
Super curious what everyone here is paying for leads and from where? The landscape is dynamic and while this has been hashed on in the past, curious what the current trends/costs are across the country.
cost for leads?
- Thread starter The QR Code Guy
- Start date
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
Dave, hope you are well.
I have an offering that cost $37 per qualified lead.
Name, email, phone and VIN of interest.
Hope that helps.
Tony G
I have an offering that cost $37 per qualified lead.
Name, email, phone and VIN of interest.
Hope that helps.
Tony G
- Feb 4, 2022
- 35
- 15
- Awards
- 2
- First Name
- David
Tony, thanks for sharing! Thats a pretty low cost lead from what I've seen from dealerships that have shared with me. Are these web leads, farmed from 3rd party aggregate sites or what?
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
We serve ads on many different platforms but our predictive modeling tool tells us where to serve based on make/model and geo. We publishes ads and determine platform based on usage and searches within a given market. $37 is not an average, it is guaranteed. Our average per unit retailed in terms of advertising cost is about $212.
Hope that helps.
Hope that helps.
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
- Feb 4, 2022
- 35
- 15
- Awards
- 2
- First Name
- David
Super helpful, thanks! What is the conversion rate on those type of lead?
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
Good question.
Keep in mind that solution is Leads + Dealership VDPs.
Let's say the cpc for a dealership VDP is worth $1.50.
Package A is $2,000 budget
250 VDPs x $1.50 = $375 worth of value.
$2000 - $375 = $1,625 remaining budget
$1,625 / 53 VIN-specific leads = $30 CPL
We hear between a 7 - 10% closing ratio these days on leads
We hear 1% closing ratio on dealership VDPs.
- Feb 4, 2022
- 35
- 15
- Awards
- 2
- First Name
- David
CPL of $30 (ish) with a 7-10% close ratio. Must be a generic call-to-action/lead-gen on those leads with that close rate. ?
We're providing vin specific leads that end up costing around $5-$12 per lead at the end of the month. I say "at the end of the month" because its a flat rate service fee, regardless of leads (so $flat rate / leads = CPL). Hmmmm...
- Aug 23, 2022
- 27
- 8
- Awards
- 1
- First Name
- Tony
That makes sense. I was just providing an example for a product that has a guaranteed number and cost per lead. Usually the metric we use for all other products, VLA, Social, SEM, OTT, Display, etc. is advertising cost per unit retailed. Our overall average is right around $247.
