LeadsCon Las Vegas 2017 Speaker Slides Competitive Call Distribution Panel
Delight Consumers and Increase Call Marketing Profitability for Publishers, Aggregators and Advertisers with Competitive Call Distribution
To efficiently run a Pay Per Call campaign, you need connect the lead with a salesperson who can educate that customer as quickly as possible
- Pay-per-call: the drop points where you lose money
- Competitive call distribution: reduce the failure points
- Financial gains for the call marketing ecosystem
- Stan Bonnemort
Director of Business Development, Progrexion - Jeff Fisher
Founder, Above the Fold Media - Eric Evans
CEO, HyperTarget Marketing - Adam Sthay
CEO, Pub Club Leads - Joe Charlson
CEO, CallerReady
- Generate call
- Route call to Call Buyer. Traditionally, only the call is only offered to 1 buyer
- Buyer pays marketing company if call lasts X-seconds
- Everyone is qualified
- Users understand the offer
- Buyer quickly acknowledges the customer is qualified and helps them with a solution
Everyone gets paid
- Marketer pays publisher/affiliate
- Call Buyer pays Marketer
- Customer pays Call Buyer
Mismatch in supply of calls and capacity – caller reaches long hold queue and hangs up
Wasted Calls – Friction
Advertiser doesn’t want to pay for calls they don’t handle
- Queue hangs up at 55-seconds
- Someone has paid to generate that call
Time researching and pricing
Performance marketer has to research more calls and likely will need to increase price to account for breakage
Caller doesn’t understand the offer -> advertisers complain and the qualification is a brutal
Ads
Forms
IVR
Qualify and Transfer Reps
Qualification->Caller Fatigue
But if you pass through all this qualification, your patience for a hold queue is negligible
And if we have been pursuing you with an automated connection system, your patience may be even less
Example with no caller fatigue breakage | |||||||
Cost to Generate a lead | Cost to Qualify via Phone IVR | Cost Per Lead with Marketer Qualification | Contact Percentage | Qualification Percentage | Net passed through to Buyer | Marketer’s cost to deliver call to Advertiser | |
inbound Phone Lead | $5.00 | $0.15 | $5.15 | 100% | 40.0% | 40% | $12.88 |
Form-fill Data Lead | $2.50 | $0.50 | $3.00 | 60% | 60.0% | 36% | $8.33 |
Example with no caller fatigue breakage | |||||
Cost to Generate a lead | Marketer’s cost to deliver call to Advertiser | Percentage that the Advertiser answers prior to callerr hanging up | Advertiser Qualification | Cost Per Billable Call | |
inbound Phone Lead | $5.00 | $12.88 | 100% | 70% | $18.39 |
Form-fill Data Lead | $2.50 | $8.33 | 100% | 70% | $11.90 |
Drill-down on the impact caller form hold queues | |||||
Costa per Billable Call for Marketer | Percentage that the Advertiser handles prior to caller hanging up | Advertiser Qualification | Cost Per Billable | Margin at fixed price of $36 | Sale Price Required to maintain 40% gross margin |
$15.00 | 100% | 70% | $21.43 | 40% | $35.71 |
$15.00 | 90% | 70% | $23.81 | 34% | $39.68 |
$15.00 | 80% | 70% | $26.79 | 26% | $44.64 |
$15.00 | 70% | 70% | $30.61 | 15% | $61.02 |
$15.00 | 60% | 70% | $35.71 | 1% | $59.52 |
$15.00 | 50% | 70% | $42.86 | -19% | $71.43 |
ensure a connection
- Restrict Call Volume
Control the rate of calls to some fraction of probable capacity - Contingency plans
Price the breakage in Intelligent Abandonment Overflow to additional buyers
Competitive Call Distribution
- Offer the calls to multiple potential buyers of the call
- Run a speed-to-press 1 competition among buyers who are should be available
- Handicap the buyers based on Effective Price Per Awarded Call
- Human to human connection as fast as possible
- Better emotional quotient
- Makes everyone more accountable
- Agents hear the stream of business
- Managing multiple buyers per campaign
- “I don’t want my agents to have to press any key”
- “I can’t win enough calls – I keep losing”
- Stan Bonnemort
Director of Business Development, Progrexion - Jeff Fisher
Founder, Above the Fold Media - Jeff Fisher
Founder, Above the Fold Media - Eric Evans
CEO, HyperTarget Marketing - Adam Sthay
CEO, Pub Club Leads - Joe Charlson
CEO, CallerReady