How to Find Quality Credit Repair Leads That Actually CONVERT!

Daniel Rosen  0:00  

Hey Credit Heroes. Are you sick of wasting time on leads that disappear or fizzle out? Well, on today's episode, uncovering high-quality leads, who they are, where to find them, and how to convert them. So you better stick around. 

So the big question is this, how can we take our passion for helping people with their credit and turn it into a successful business without taking loans without spending a fortune by bootstrapping it from nothing? So we can help the most people and still become highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to credit repair business secrets. If this is your first time listening to my podcast, every week, I give credit repair tips and advice on bootstrapping your business from nothing. So be sure to click subscribe now and get ready to start changing lives. 

Okay, let's get into this. In the 20 years since releasing my first credit repair software, I have helped 1000s of businesses to build from the ground up. And during that time, I've experienced the very same challenges that credit heroes face, and I learned proven ways to overcome them and to succeed. In my experience, most credit heroes think the key to success is getting more leads, no matter what the size of their business or the problems they face. They always think more leads will solve everything. 

But that's not always true. All leads are valuable. But not all leads are equal. Focusing on quantity over quality can be a costly mistake, especially if you're just getting started. Leads drain your resources. So if you're not careful, you can waste a lot of time, energy, and money on the wrong leads. That's why today I'm covering how to find the right leads, what makes them special, and what it takes to convert them. Here's how this relates to us. I got into this because my credit was messed up. And our most successful credit heroes all experience credit issues before they join the industry. 

So to us, converting a lead means much more than just making a sale and getting paid. It means changing a life. And that is exciting and rewarding. But the reverse is also true. When a lead walks away. It feels like someone wasted our precious time. It's annoying, and it can be very discouraging. Back when I first started, I took every loss lead. Personally, I shouldn't have. But at the time, I was trying to build a credit repair software company all by myself, and I did every job, and I was exhausted. So when I spent a lot of time chasing or nurturing a lead that didn't pan out, I felt like a failure. But I wasn't a failure. I just didn't have the skills to get to know who my best leads were or the tools to organize and prioritize them. I didn't go to business school. Hell, I didn't even graduate high school. So I had to learn through repetition, trial and error, and actual sales experience. 

I learned that sales is a numbers game, and you have to do whatever it takes to improve your odds. And for me, that meant figuring out who my best leads were and then adjusting everything else around serving and converting them. I learned that there are two types of credit repair leads, there are hot leads and cold leads. A hot lead is someone who is actively pursuing credit repair. They're usually in the process of trying to buy something that they're getting turned down for, like a house or a car. But they're getting turned down because of their issues with their credit, so they are highly motivated and ready to pay for credit repair services. 

A cold lead is someone who needs credit repair, but for whatever reason, they aren't as motivated to take action and fix the problem. They may not consider credit repair a high priority, they might not be able to afford it, or they just don't know enough about the service. The point is cold leads still need your help, they just don't understand the impact that improve credit can have on their lives. And compared to hot leads, it's going to take many more resources in time to be able to convert them. 

Here's the thing to remember, if you focus too much on cold leads, they can drain your time and energy, and it can be detrimental to your business. But cold leads are still leads, and you can warm them up so that they become hot down the road. I recently did an episode on sales funnels where I broke down the path that a lead takes from when you first make contact to the end of their sales journey. A cold lead starts at the top of the funnel, but because they're less motivated, they'll often get stuck. During the nurturer stage, this might sound like a problem, but it's actually not. Once you determine that this lead isn't as motivated to fix their credit, all you have to do is capture their email address if you don't already have it and then set up a drip campaign. And then, you can automate the nurturing of that relationship for weeks or months. This allows you to warm up your cold leads so that when they do decide to pursue credit repair, you're the first person that they think of. 

If you want to learn how to set up an email nurture campaign to warm up your cold leads, check out my episode on top credit repair software automations. By setting up automated drip campaigns to take care of cold leads, you'll free yourself up to focus on the hot ones. Here's why this is important. A hot lead is a cheat code for a successful business. They start at the bottom of your sales funnel, they're motivated and informed, they recognize the value of your service, and they're ready to pay you for it. It's estimated that at least 53 million Americans need to improve their credit. That's 53 million leads. If you want to get the most out of each opportunity, you need to be able to spot and prioritize hot leads so that you can dedicate your best resources to them and maximize the return for your efforts.

So how do you spot a hot credit repair lead? Well, there are several key factors that can help you to identify them. Not all hot leads exhibit these factors, but the more boxes they check, the hotter and better they are for your business. Here's what you need to know. The first and most important factor in spotting a hot lead is urgency; a hot lead will have a strong sense of urgency. In most cases, they've recently experienced a negative financial event, like being denied a mortgage or a car or a credit card, or a job that required a credit check. They need to repair their credit as fast as possible so that they can reapply and get approved. A hot lead will often reach out to you directly by phone, email, or social media, and they'll push for immediate responses and fast outcomes. 

You need to be ready to respond fast and take quick action for the knowledge a hot lead will understand the credit repair process and the importance of a good credit score. They know their finances, and they come prepared, having done some research. In my experience, a hot lead will ask specific questions, and a cold lead will ask general ones. A hot lead will ask about dispute strategies in which items can be removed and how long it takes to get results. And a cold lead will ask who are the credit bureaus. And why do credit scores matter? With practice, you'll be able to quickly gauge how knowledgeable the lead is based on the first few questions they ask commitment. 

Credit repair doesn't happen overnight. It's a process that requires commitment. And a hot lead understands this, they care, they're ready to do their part, and they treat your relationship like a partnership. hot leads will often tell you that they're committed. But more importantly, they'll show their commitment by taking advice and being open to adjusting their financial habits. And they accept the fact that the process is going to take months. If it doesn't appear that they're committed to the process right away. You could ask them to fill out a form detailing their situation, pass them off to a Frequently Asked Questions page, or put them on another email drip campaign. They may prove you wrong and fully commit to the process. But chances are they're either obviously committed or they're cold lead stability. 

A hot lead may have bad credit, but ideally, they have some level of financial stability. They have a regular income, they're paying their bills, and they can afford your services. They don't make late payments or miss payments. They don't max out credit cards or take out new lines of credit with terrible interest rates. A hot lead made financial mistakes in the past. A cold lead continues to make them, and they'll make your job very difficult, if not impossible. Openness, a hot lead is honest about their financial situation. They're open to discussion, they ask good questions, and they're comfortable expressing ideas and concerns. 

A hot lead communicates because that's in their best interest. Cold lead doesn't communicate because they don't need to, yet as their motivation grows, they warm up, and they'll start to see the value of being open. hot leads will reach out to you directly, or they'll reach out by referral. Or you can set up affiliate networks with partner businesses and create a pipeline of highly motivated people all in urgent need of credit repair. If you want to learn how to build one of these affiliate networks, go to creditrepaircloud.com/freetraining and sign up for our masterclass.

Here’s my final point. The most successful credit repair businesses are the ones that grow and make an impact. They don't chase every lead. They identify and prioritize quality leads because only a few key factors separate a dead end, a cold lead, and your new favorite client. 

And just a reminder, this podcast is brought to you by Credit Hero Score. Credit Hero Score is the only credit monitoring service that integrates directly with Credit Repair Cloud. Get instant access to your credit reports and scores by signing up for a seven-day trial for only $1. Sign up right now at creditheroscore.com. 

And now, for my favorite part of the episode. Every week I feature one of our credit heroes inside our Credit Repair Cloud Facebook community so that you can see firsthand what real people are doing as they run and grow their businesses. And today's spotlight is on Israel Cordova, ro recently posted a short but amazing update about his business. It said 148 appointments and 105 new clients this month; it can be done. Stay consistent. Congratulations, Israel; your marketing strategy is working, and you have the perfect mindset. staying consistent means, you're always moving forward and getting better. So please keep us updated on your progress. 

And I'll end by saying if you don't already have a Credit Repair Cloud account, check it out. It's software that most credit repair businesses in America run on. Just sign up for a 30-day free trial at creditrepaircloud.com/freetrial. And if you'd like to change lives and grow your very own credit repair business, check out our Credit Hero Challenge. It's a live experience that has helped tonnes of credit heroes to get certified in disputing and gain confidence as they run their credit repair business on a solid foundation. So they can change a whole lot of lives and make a great living in the process. We're starting the next challenge very soon. So you want to join before the door is closed. Are you gonna have a long wait until the next one? So sign up right now at creditherochallenge.com. If you're finding value in the things that I share on this podcast, click below to subscribe and follow. 

Also, do me a favor, give me a five-star review, or share the show and help me to change more lives. If you'd like to read the show notes. They're posted on my blog. If you have a question or a comment, drop it down below because I read each and every one of them, and I would love to hear from you. And I'll respond as soon as I can. To learn more strategies for finding quality leads, check out my episode, top five credit repair affiliates. So take care, Credit Hero, and keep changing lives. 

Hey everybody, it's Daniel again. And really quick, I'd like to invite you to join what I believe is the best thing we have ever created inside the Credit Repair Cloud community. And it is a challenge that we call the Credit Hero Challenge. If you're just planning out your business, or you're just getting it started, and you dream of having a successful business of your own. So you can quit your nine-to-five and fire your boss and have financial freedom, or you can add another revenue stream to your existing business. If that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business to build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics, and all the things you need to be successful at credit repair. It really is the greatest thing we have ever built, and it will change your life. So I recommend you do it right now. Stop everything, pause this audio go online, and go to creditherochallenge.com. That's creditherochallenge.com, and join the next challenge. And there's a challenge that starts in just a few days. So go get started right now at creditherochallenge.com