PAY PER LEAD

By
Real Estate Agent with Johnson Properties

I have been doing a lot of research on different companies that offer leads online for a fee. I have even tried several of the companies. The way each company works and how they charge are completely different. I am working on getting the best one.

The first company I tried charged a small fee of $29.95 per lead. I had 3 days to contact customer service via email if the lead was bad. I admit I did get about 15 leads from them but unfortunately all of them were BAD!! It is pretty disappointing to receive all those leads and none of them turned out to be a sell or a listing. Every situation was different. Some leads had the incorrect contact information, others wanted to Rent, some just were browsing and not interested in purchasing or selling a home, some were already working with an agent and others just needed a lenders help. How Frustrating.

The second Company charged $69.95 per lead. I regret ever signing up with them. None of the leads are guaranteed so if they are bad you are stuck paying for a bad lead. You have to give 30 days notice to cancel. The worst part is that they are advertising on their websites that they have investors available to buy their home fast for cash!!!HUH?? Last thing I heard, I am a Realtor, not an investor. I was with them for one week and received three leads. The first Lead had their house listed, I still was willing to meet with the client 30 minutes away and the client did not show up. The second lead I called up immediately turned me down when I told him I was a Realtor and stated he had no interest in a Realtor, just an investor. The third stated the same. $195 down the drain instantly. I tried to call the company for three days to cancel. I also sent them an email. I wanted to be sure that my credit card was no longer billed so I took it off my account. They attempted to Bill my credit card two more times before I was able to talk to anyone. Customer Service was Bad, Leads were Bad. Bad for Business!

The last type of company charges a Monthly fee for so many leads in a specific area. I am skeptical about these types due to the experiences I've had with the first two. If anyone has any feedback on these, please share.

Last but not least are referrals. This is the perfect kind where you would pay a fee ONLY if you closed on the deal. The only problem is, these leads don't come to you that often. I have not had one yet.

I have two companies that I am still willing to try even after the bad experiences I've had. I will keep you posted on those. I will not give up because once you have given up is when you have truly FAILED!!

Comments (13)

Meredith Welsh
RE/MAX Space Center- Clear Lake - League City, TX

I get calls all the time from people looking to sell me leads- I think it's ALL a scam!  They know that realtors are hurting a little now and are looking for leads anyway they can get them- but I don't think it should be about paying for them!  I wish you the best of luck with them!

Nov 15, 2010 03:19 AM
Terry McCarley
Coastal Real Estate - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

Pay per lead programs are usually a total scam - they just take your money and send you garbage.  I know a few people that really got burned with Reply so if they call you hand up immediately.

Nov 15, 2010 04:18 AM
Chris Dugger
Real Estate Marketplace - Louisville KY - Louisville, KY
Louisville REALTOR

Rayssa ~ You should really be specific with which companies you used so that others will at least have some idea of what they're possibly getting in to when getting a call from those guys. Looks to me like company #2 was ReplyRE. They tried that 'no guarantee' and 30 day cancellation with me as well. Over one weekend, I received six bad leads. I'm a detail freak, so I documented and detailed everything...end the end they charged me not one penny and canceled my membership without the wait.

Nov 15, 2010 01:57 PM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Rayssa, I recommend creating your OWN leads! My website gets over 1 million hits each month & I have simply paid a website guru to get me started with excellent, organic SEO wizardry!

He taught me how to blog & create keywords & the leads come to me! I paid one time (about $4k) to get the thing started & created & then he charges me an annual hosting fee.

I love it! Check out Kevin Harper here on AR.

Nov 15, 2010 03:33 PM
Anonymous
Anonymous

Thanks for all of the comments. Chris you are right. The first company is reply!, The second company is zbuyer.com.

Nov 16, 2010 06:28 AM
#5
Anonymous
Lucas Edwards

Rayssa,

My name is Lucas Edwards.  I am one of the owners of zBuyer.com.  I am sorry that your experience with my site did not work out as you expected and I apologize that you felt neglected by our customer service.  I can assure you that the zbuyer system does, in fact, work for many agents across the nation.  If you would like to test our leads again, I will GIVE you 10 leads that have come in recently (in your area) to try to make it work for you.  If you would like to give it a shot, just email me: lucas (at) zbuyer.com.

P.S. I won't ask you to sign up again or give me your credit card.  I will just send you a file with all of the leads.  I want to prove to you that our system works.

Jan 14, 2011 03:19 AM
#6
Anonymous
Kristi Kreitlow
So glad you commented on this. I have been researching all weekend and scared to take that keep of faith that these work. Guess they are only a scam. Brings me back to if it sounds to good to be true it probably is, but needed that reality check.
Sep 05, 2011 11:06 AM
#7
Trudi Geniale
Buy Coastal Realty, LLC - San Diego, CA

I am thanful for the comments.  I was looking at zbuyer also and I was skeptical as I have tried so many lead companies that make promises and don't work.  I was looking for only one zip code and they were willing to work with me but I am still skeptical especially when I see some of the leads they are showing me are repeats.  I think they need to give us the leads first and trust us as they want us to trust them.

In these hard times I can't afford to throw money away on leads that will go nowhere.

Trudi Geniale

Broker

Buy Coastal Realty, LLC

San Diego, California

Nov 19, 2011 05:41 AM
Karma Lee
Crye-Leike, Realtors - Memphis, TN

Great post. I found it through a search. I sent you an email.

Nov 19, 2011 11:19 AM
Anonymous
Tom Dullaghan

I have been burned by these companies also. If one company wants to set it up as a referral, I think we all would join.

Mar 07, 2012 03:58 AM
#10
Anonymous
Will Fenner

Hey Rayssa...is it possible for me to only purchase leads from your company where the motivated sellers are underwater?

 

Sep 12, 2012 05:59 AM
#11
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for sharing your experience. Zbuyer has a new format, a flat fee for a County. Did you ever take Lucas up on his offer of 10 free leads?

Sep 27, 2012 06:06 PM
Anonymous
Anonymous

so whats the final verdict? zbuyer works now with the new platform? or still not worth it?

Oct 17, 2012 07:39 AM
#13