When deals dry up, the first instinct is to blame the leads. Sometimes that is right. Often the leak is somewhere else.
Five leaks to check
- 1Slow first call. If leads wait hours, contact rate collapses.
- 2Too few attempts. Two calls is not a cadence.
- 3No statements on the first call. Chasing documents for days kills momentum.
- 4Wrong buy box. Buying leads your funders will not place.
- 5Rep mismatch. New reps on the freshest leads, veterans stuck on aged ones.
How to find the leak
Track each step: leads, contacts, statements, submissions, funded. The step with the biggest drop is where to work. Change one thing, wait a couple of weeks, and compare.
When it really is the leads
If contact rate stays low with fast calls and a solid cadence, check the source. Are merchants surprised you are calling? Are numbers wrong? That is a source problem.
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Use the conversion playbook to tighten the process, and cost per funded deal to judge sources fairly.



