I just weighed in elsewhere on this issue but wanted to make an opinion known directly here. After seeing thousands of websites for Realtors® while at HomeGain, I have a definite point of view on this one.
If you have something on your site that your visitors truly perceive as being valuable, asking them to register minimally shouldn't be a bad thing. Ask for a name, an e-mail, and make a phone number optional. If they give you one, CALL IT and say what you'd normally say to an inquiring prospect! If they don't give you a viable number, or if you get a bogus e-mail address, don't panic or worry. Move on with your day and do something otherwise productive rather than obsessing about 'bad leads' on your site. Most internet visitors aren't prepared to speak to a sales professional (or someone they perceive as trying to 'close' them) when they first visit. Most start researching many months before they're ready to have a quasi-serious conversation. Have that conversation when they are ready for you, not when you are ready for them! Bogus registration information doesn't mean you won't be able to close them later when they have 'ripened' and it also doesn't mean they won't come back to you months later with a real name and number as they feel more comfortable volunteering that level of personal contact. If your site has what they need, they'll eventually make themselves known to you so you can develop a true relationship beyond them lurking on your website!
A good strategy is to have a well-crafted auto-responder thanking them for registering on your site, hoping they found what information they expected to find (and found it valuable), inviting them to pass along feedback on their experience, inviting them to bookmark your site and take advantage of it as often and as thoroughly as they choose, letting them know how to reach out to you directly when they have a more urgent need or request, and setting some expectation as to how you plan to follow up with them in the future.
And one final note: if they ask you to STOP sending them material, STOP sending them material....
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