Your Franchise’s #1 Lead Problem? Nights.
As your franchise looks to the new year and your lead generation program, I would anticipate you find yourself in one of two camps:
- “Our lead generation strategy works fairly well, but I want to make it better”
- “Our lead generation strategy doesn’t work that well, and I want to change that”
Often times, the issue with being in charge of a franchise lead generation efforts isn’t identifying what the issues are but rather deciding how to use your franchise’s limited resources (time, money, effort) in order to solve them.
Having spent years studying franchises and their habits, there is a single fundamental thing that every franchise could focus on this year to improve – do more at night.
But before we get to the solutions, let me lay out the issue that your (and every other franchise) has at their doorstep.
Here’s a look at what the “average day” looks like for franchise leads being generated:
For you tabular people:
Now look at what this looks like when I shade in the “standard” working hours:
Suddenly, you’re smacked over the head with the issue. 37% of leads are generated between 5PM and Midnight.
Right now, if you’re like 80% of franchises out there, then you have your CRM send out an auto-responder e-mail to these leads and then you pick up calling them in the morning. (The vast majority of them don’t answer…We’ve written time and time again about responding to leads quickly and how that increases performance.)
Having faced this problem in many of the businesses we work with, let’s deal with the most obvious solution to the problem:
Let’s Generate More Of Our Leads During Working Hours
It’s always the first reaction. If the leads generated a night are harder to work, then let’s not generate them at night. (FranchiseHelp was once even asked to hold the leads overnight in a queue and artificially deliver them in the morning!)
The issue with this solution is simply that franchises don’t have much control at all about when the leads are going to fill out a form. If a lead decides to visit your website at 11PM, then there’s little that you can do to stop them. In our industry, this problem is ever exacerbated as franchising is often times seen in competition to standard employment. So people may even be afraid to inquire about a franchise during the work day.
(I will mention briefly that there are a few strategies on paid advertising where you can drive traffic to your site only during specific hours of the day, however, I would implore you to be very cautious with a nuanced strategy like this, as your advertising costs are liable to increase significantly.)
You’re stuck with it. Leads are going to come in like this:
So depending on what your franchise looks like, here are your best options for tackling nights in 2018 (from most “expensive” to least “expensive”):
Outsourced Call Center
Always the most expensive, but also arguably the most effective. With a call center, you can instantly call leads regardless of what time they come in. In order to make this work, you’ll need to be buying a lot of leads.
West Coast Presence
Since the West Coast is three hours behind, the normal working day ends at 8PM EST out there! The more sales people you have on the west coast, the more likely it is that they will have success with East Coast leads later in their working day.
Rotating Evening Coverage
No one likes working late, but maybe there’s a way to rotate amongst sales people so you can cover more relevant hours of the day. As you can see in the graph, leads don’t really start pouring in until around 11AM anyway, so those 9-11AM hours will be slower.
Increased Investment In Texting
The cheapest way is to focus on automation through texting. (You can click here to check out FranFunnel, who specializes in this for franchising.) Text messages have a virtually 100% read rate amongst cell phone users (~80% of franchise leads), so you can easily schedule calls while your sales team isn’t working.
No matter which you choose, I can promise that making these investments now will pay huge dividends throughout the course of the year. These leads are going to continue to come in after normal working hours, so start improving today.
Eli Robinson is the COO of Metric Collective, the parent company of FranchiseHelp. He seems to have an odd obsession with line graphs.
Using Video to Attract New Franchisees
And even today, I would say that text and display ads dominate the landscape.
So Long Google Right Rail! Franchisors Rejoice!
Although I doubt anyone out there has been living under a rock for the last decade, but just in case I have a stray reader or two, I wanted to remind everyone that GOOGLE IS A BIG DEAL!
2017 United States of Franchising
FranchiseHelp's annual look at how interest in franchising breaks down across the entire country. Where is your state ranked? Are you in franchise heaven?