We started with Boldleads on Oct 2015. We got lots of leads right away but no commissions from sales during that year. We soon realized we did not have adequate systems to follow up on the leads. At that time we had two agents on our team in addition to my wife and I and since I don't sell anymore it was just three selling agents. The agents were too busy to follow up on the leads so we hired an ISA to do it. The ISA found lots of ready potential sellers (we were only doing seller leads at that time) but unfortunately the listing agent we had at the time still did not follow up on the leads that were ready to list.
I could not believe all these leads were coming in and we could not get a sale out of them so I did some research and found that 24 leads came in that listed their house with some other Realtor. They listed some time after they registered on our site. So Boldleads was generating viable leads but we did not have the correct systems in place to cultivate them. We started to change the way we did everything by mid 2016 and ended up that year with only 2 sales at the end of the year. With that system in place we had 12 sales in 2017 and 14 in 2018. So far in March 2019 we only have 2 but the agents tell me they have about 5 in the pipeline. The most important thing to me is the return on investment. So far my total spend for Boldleads is $40,180 and my total commissions is $232,140 for an ROI of 5.8
Also the support is outstanding. Our sales rep Susan Newell is the best. When I reach out to support to help solve an issue they normally get back within an hour. But if not then I get Susan involved and she jumps in to help.out.
Boldleads started with weaker systems than they have right now. For instance the property valuation was performed using Cloud CMA which produced an overly complicated report that leads didn't like. They quickly improved that and now the system gives a very simple and immediate user friendly value report. Boldleads has been improving their system every since so I like the way it works. The one thing I wish they did have is a good system for sending listings to potential buyers. If we get a good buyer lead our agents put them in our MLS so it is a separate system to feed our buyers with houses for sale.
The other thing is the nature of online leads that it takes a ton of leads to get some good viable leads. That's just the nature of the beast.
If you want to build your business this is a product that will help you do that.
We are trying to build our team so we need good systems to provide them with leads. In our market seller leads are more important than buyer leads right now. Boldleads is the best system I have ever used to capture seller leads. As I have continued to research the leads that have listed with someone else I now have found 228 leads that have registered in our system and sometime afterwards listed their house with someone else.