Estimated reading time: 1 minute, 7 seconds

Zillow's Best Practices for Online Lead Conversion

An increasing number of home loan prospects (about 25%) find their lender online, according to Zillow Group’s Consumer Housing Trends Report 2021. This means LOs must be adept at transforming leads from initial contacts to satisfied customers. Zillow recommends several tactics to drive success.

Pat SherlockLet take a closer look:

  • Act fast. Once a prospect reaches out, every second counts! Zillow notes that responding within five minutes can dramatically increase your chances of success. Recent research indicates that the odds of qualifying an online lead decreases by 400% if contacted 10 minutes after initial contact versus just five minutes.
  • Consider texting. Zillow advises that if you can’t connect with a contact by phone immediately, try texting. Chances are good that the individual will still be online and/or near their phone. According to recent research, 89% of consumers prefer to communicate with a business via text.
  • Persistence pays off. After an unsuccessful contact, Zillow suggests calling a couple of hours later. Zillow has found that businesses find the most success by reaching out to prospects six to eight times within the first few weeks after the initial request.

For additional details, check out Zillow’s Best Practices for Online Lead Conversion.

Pat Sherlock is the founder of QFS Sales Solutions, an organization that helps organizations improve their sales talent management and performance. For more information, visit https://patsherlock.com.

Read 571 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.