Business Loan Leads Free Trial

Business Loan Leads Free Trial?

Business Loan Leads Free Trial and free business loan leads probably sounds pretty attractive right. Everyone loves free stuff. We’ve done a little research and found a few of these offers. There are companies giving out free business loan leads. However, like most free things there just might be a catch. This article will evaluate free lead trial programs and try to explain why they might be a huge waste of time.

What Is A Business Loan Leads Free Trial?

Firstly, if you do some searching on Google you’ll find that these companies don’t really offer anything for free. Many lead venders use this hook to get you to their website but then there is no mention of free trails or free loan leads. Consequently, a potential client is already steaming before they get a chance to try the leads. Nonetheless, this is a strategy that several lead companies are trying to use.

Super Brokers – Free Leads Trick

Secondly, several companies offering free leads are not even lead companies. They are brokers that want your submissions. So, they give you and everyone else the same horrible leads. And in return, you give them your submissions and hope to get approvals. Here’s the catch! How many points are you making with them? How do you know if the deals get closed or not? Can you trust them? For example, brokers in these situations typically get paid 3-5% on the funded amount. More importantly, they get their deals stollen. You should average 8-12% commission and you should only submit to direct lenders to avoid deal theft.

Business Loan Leads Free Trial

Business Loan Leads Free Trial = Oversold Data + Waste of Time

Thirdly, the other companies offering free leads are just using the same aged data as a marketing tactic. For instance, they buy a list of 50,000 leads – typically from another lead company. Then they give away 10,000 leads for any new client that makes an additional purchase. To emphasize this, oversold leads are the worst thing that you can try. You may be thinking to yourself, how can something for free be the worst thing I can try? In fairness, that is a really good question. The reason these types of leads are the worst thing you can try is time. Your time is worth far more! Wasting time working bad leads can cause you to give up on your business.

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Let’s evaluate these business loan lead free trails and see if it can work for your business. The first question you should ask yourself is what is the value of a free business loan lead? We know you pay for what you get but lets take a deep dive into this.

Business Loan Leads Free Trial

Business Loan Leads Free Trial – Scams

The reason business loan leads free trials exist is pretty simple. The reason is there’s no value to the leads. For instance, a lead is valuable if you can make money. Additionally, a lead is more valuable if you can make more money. You make commission based on a percentage of the loan amount.

So, we know now that companies offering free leads are really in one or more of the following categories:

Lead Venders Don’t Offer Free Leads
Super Brokers Want Your Submissions
Lead Venders Give Out The Same Leads

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BUSINESS LOAN LEADS

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BIZ LOAN LIVE TRANSFERS

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Obviously, #1 doesn’t give out free leads, #2 is taking a huge cut in commission, and #3 is going to be a waste of time. So are there any other categories that these companies might fit into?

Are There Any Other Free Business Loan Lead Options?

Well, each lead vender is a little bit different. They disguise their free lead program and dress it up in a way that looks legit. For example, let’s look at the free trial with the super broker again. These free leads are given out to anyone that starts a trial. During your free trial you agree to send all your submission to one lender exclusively. But remember, they’re not really a lender. This means that instead of making a high of 15% on the loan amount you’re probably making 3-5%. In detail, the commission from the actual lender is still 10-15%. This super broker takes 10-12% while you take the crumbs. That’s a significant hit but if the leads are good it might be worth it.

So, are the leads good enough to justify the cut in commission? Absolutely not! And, here is why this is the case. The leads are oversold because it would not be reasonable for a super broker to give out exclusive free leads to every broker that wanted to try out a free lead program. Remember, they most likely buy these leads from a real lead provider. Therefore, they give out the same watered down leads to each broker.

How Competition Kills Business Loan Deals

So, even if you get a deal you probably have to lower the rate and commission just to get a deal done. The reason for this is the amount of competition. For example, if this borrower is getting calls every single day from all the other brokers that signed up for a free trail program they are going to feel like they have the power. To them, it seems like everyone wants their business! Consequently, the borrower will go with the lowest possible rate with the best terms. Brokers eat other brokers and whittle down their commission. There is chum in the water! Finally, when the dust settles you might make a point or two.

Synergy asked our clients if they have any experience with a business loan leads free trial. They’ve told us their experience has been horrible. We’ve heard cases where 80% of the leads have been defaults. In other words, these borrowers were already defaulting on another advance. Now it makes sense why these companies would sell these business loan leads free trials. They’re trying to make something on dead leads. Also these leads are sold to so many places that the borrowers start to get upset. They start suing people for TCPA violations.

In summary, you can get a free trail but you lose money on commission, you could get sued, and the leads are not very valuable in the first place. Not to mention that you’ll be wasting time and energy that you could have used calling on quality leads.

LEARN MORE ABOUT OUR OTHER BUSINESS LOAN LEADS!

BUSINESS LOAN LEADS

AGED BUSINESS LOAN LEADS

BIZ LOAN APPOINTMENTS

BIZ LOAN LIVE TRANSFERS

REQUEST A CALL

PRICING / ORDER NOW!

Disclaimer: Business Loan Leads are not guaranteed to convert. Every company has their own agents who have different sales skills. Each company has their own follow up systems that may yield different results. Companies have their own lenders where they can obtain approvals. Synergy Direct Solution LLC can in no way guarantee conversions or sales.

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Want more info? Call us at 866-428-0172.

Read What Actual Clients Are Saying Right Now!

Ruben Daley

The communication and customer service is second to none. I’ve purchased leads from many companies and Synergy Direct seems to be a better value than the others. I receive a good return on my investment and have ordered many times.

Bobby Kakesh

Working with Synergy Direct Solution has been great for the past few years! They have great live transfers along with appointment leads. I will continue using their services. Keep up the good work Guys!!

Versa Business Tips

This company is the best live transfer company I have ever come across and I have tried many!!

Nicole Smith

Working with Synergy Direct Solution is awesome. I am very happy with the leads they’re providing me. Leads quality is exemplary and flawless.I will definitely order again with Synergy Direct Solution. 100% Recommended. Great Job Guys!

Brad LabelleRose

Synergy helped me get my business back on track and flowing in a more profitable direction again. I can’t thank you enough for this! I highly recommend to anyone who is serious about their business succeeding.

Paul Vox

Synergy helped me by providing quality leads. We have been using their appointment leads for several months now and I’ve closed more loans with Synergy leads than any other source. Thank you! Thank you! Thank you! You’ve got a client for life!

George Rodriguez

I bought live transfers from Synergy and I was skeptical at first. I’ve wasted a ton of time and money on bad lead companies. However, on my first order of live transfers I closed an MCA for $200,000!!! Cha-ching!!! Never going anywhere else. They replace leads and their support is amazing. Try them yourself and you’ll see.

Angie Pennington

I think that Synergy does a great job. When I call to ask questions about my account I am always able to reach a live person! Unlike these companies now that make you talk to a robot all the time. Great knowledge and very helpful with the guys at Synergy! I love their business loan leads and wold recommend them to anyone in the loan or MCA industry.

Jimmy Simpson

Synergy built me a website and they drive traffic. I get appointment leads and live transfers. All I can say is FINALLY, I found a good company for leads and marketing. I spent far too much money on bad leads. Because Synergy has no minimum orders they earned my business. But it was their quality that keeps me coming back!

Edward Desmondo

I Absolutely LOVE Synergy’s live transfers! They connect me to a live borrower who is looking for funding. Before the transfer the agent qualifies the lead and preps them for the call. Seriously the best leads I’ve ever bought and I am staying with Synergy for the long hall!

Scott Cunningham

I don’t normally leave reviews but Kyle at Synergy has gone way beyond expectations! Mr. Readdick helped me with lenders, the funding application, and a script. I received information and education BEFORE I bought leads. I would recommend him to anyone that is trying to break into the industry!