Leadpile’s Blog

Backers of a move to repeal portions of Ohio’s new payday law have 10 days to collect more than 55,000 valid signatures after Secretary of State Jennifer Brunner ruled Tuesday that the first batch of petitions fell short. Brunner, in a letter to petitioners backing the partial repeal of House Bill 545 said 185,729 signatures were certified out of the more than 422,000 the group submitted Aug. 31. Those signatures met requirements in 33 counties. The group needs at least 241,366 valid signatures to meet requirements in at least half of the state’s 88 counties to bring the referendum before voters.

Payday Lenders better get out in droves to collect those signatures, or kiss the repeal goodbye.

We all know the payday loan industry gets a lot of scrutiny for it’s “high interest” rates, however I found this article very interesting about the annual percentage rate (APR) on returned checks.
According to The Community Financial Services Association of America (CFSA), “the median interest rate on bounce protection loans to be in excess of twenty times that of payday loans.” When a consumer bounces a check, in essence it could be a lot more expensive for them to do that, than go get a short term payday loan. When a consumer bounces the check they pay a certain fee, and that fee is accumulated daily until the funds are sufficient. Unfortunately, this could sometimes cause a snowball affect, being that charge after charge could lead to more insufficient funds.
Payday loans might not be the only alternative, however a consumer needs to really look at the overall picture. They need to try and determine how they can prevent this sort of situation from happening again. Banks will make their money on fees, however there are certain circumstances that happen where you should look at alternatives that might cost you less in the long run.. like a payday loan, borrowing the money etc.
Leadpile Lead Exchange works with various lead types that deal with helping consumers be matched up with financial institutions to provide that service. Unfortunately, not all consumers reach out for help, and in turn get deeper and deeper in a “hole”. There are resources out there such as the payday loan that can be very helpful in trying times.

I am not sure how you could have missed what is going on with the economy, however each day there is new news. The latest news involves the government bailing out IAG Insurance Company with a 85 billion dollar loan. Last week the government was bailing out Fannie May and Freddie Mac. We are in a position of having to have our government save these mega giants. These bailouts show what kind of situation we are in now, but what could happen next?
The unfortunate side of this is that none of this has caused any major “positive” changes with our housing crisis. However, the Freddie Mac and Fannie Mae bailout has allowed rates to go down and maybe have a few more people go out and get a new mortgage loan. The latest news is the possibility of changes with Washington Mutual. Hurricanes, takeovers, bailouts, high gas prices, loss of jobs, foreclosures… is there something good going out there? There has to be! Let’s find the positive.
No matter what happens with the economy, Leadpile Lead Exchange will be right there trying to connect consumers needing services with advertisers that can provide that service to them.

The signatures are in……. 422,000 consumers in Ohio signed a petition in order to have the payday lending issue on the November ballot. The governor signed in June a law that puts some limitations on the annual percentage rate the payday lenders can charge. The governor capped the APR at 28 percent, and put a limit on the number of loans customers can take to four loans per year.
Based on the petitions submitted, consumers think they should have the right to make their own decisions when it comes to their personal financial matters. Those that signed the petition also think that allowing the restrictions to go through will force businesses to close and 6,000 employees to lose their jobs.
According to paydayfact.org, all Americans should have the choice to make their own decisions about getting a payday loan. High costs to doing the loan or not, consumers in Ohio want to decide on their own if they need these payday loans. Many Americans are in dire need of some quick cash, and to them these payday loans are the temporary fix. We shall see what the final decision is on this matter come the November election.

Need AUTO FINANCE leads?
How about PAYDAY LOAN leads?
DEBT leads by chance?
What about CREDIT REPAIR leads?
No wait, how about BUSINESS CASH ADVANCE leads?

No matter what type of lead you are looking for, Leadpile is probably generating it…or can potentially generate it for you. Leadpile Lead Exchange is made up of buyers and sellers of real time web based leads. We are always looking for new buyers of leads to join our marketplace. Where else can you:

1. Get various leads types in one place?
2. Set your pricing you are comfortable with?
3. Define exactly what filters you want?
4. Get top notch customer service to answer your questions and provide support?
5. Work with a company that “does the right thing”, and is always wanting to have our buyers and sellers that are “doing the right thing”.
6. Have the ability to have leads posted to your website, redirected to your site, delivered on email or able to downloaded reports at any time!

What are you waiting for? Try out the Leadpile experience!
For those of you that are already buying or selling leads.. THANK YOU!!

For those who feel more comfortable receiving leads in a CSV file to upload into your CRM, it can be done in LeadPile Lead Exchange.  I’ll show you how!

• First, Click on the tab where leads are being purchased, either Lead Direct, Self Select, or Batch delivery.
• Next click on the name of your campaign.
• You will see a the report date:
• 
• Change the Starting date and ending date to the time period that you would like to download.
• Click on the “Refresh Totals” link
• Then Click on the “Download all leads from this period” link
• Click on the Magnified glass that pertains your selection

Matt Burns of Business First of Columbus had a very nice article today on the situation with the Ohio Payday Ballot.

According to Burns,, Ohio officials have finally finalized the ballot language for the Payday Issue.

The Ballot will read:  “Shall Section 3 of H.B. 545 be approved?” A “yes” vote keeps intact the provision of the law, which caps annual interest rates on payday loans at 28 percent, down from 391 percent, while limiting the maximum loan amount to $500, from $800.

A “no” vote, according to the language, sets the maximum loan amount back to $800 and allows payday lenders to levy a total charge on a loan that “substantially exceeds” 28 percent.  According to Burns, the 391 percent annual percentage rate calculation doesn’t appear on the ballot.

It looks like a Payday Group called Ohioans for Financial Freedom have worked to collect signatures to make sure the repeal makes it on the ballot. They called the language “fair and balanced.” According to Burns, Ohioans for Financial Freedom has until the end of the month to collect and submit more than 241,000 valid signatures to ensure a spot on the ballot.

Stay Tuned my friends. Ohio is in the middle of it.

In today’s internet savvy world, consumers are going to online search engines to find businesses in their area. Years ago local businesses would advertise in the local newspaper or even post flyers around the town. However, to be successful, businesses are having to maximize their online presence too.
According to DMNews, “80% of an indi­vidual’s income is spent within about 50 miles of their home. With 95% of the potential local search advertising market today remaining untouched, this is a huge opportunity for businesses.” Local search traffic is very targeted, however the bottom-line is the advertiser is getting a very targeted customer AND at a cheaper cost.
Since print publications are becoming less and less prevalent, companies must come up with ways to get customers in other ways. Using methods such as local search will allow these companies to find the customers they are looking for. Companies should also be looking at purchasing leads from lead companies such as Leadpile.
Leapile Lead Exchange understands that advertisers are looking for geo-targeted leads. In combination with our publishers, Leadpile is generating nationwide leads that can potentially meet the needs of all sorts of advertisers, in all areas of the country. For this reason, advertisers utilizing companies such as Leadpile, is ideal to increase the company’s ROI.

Publishers are spending a lot of money on PPC campaigns through Google AdWords.  Have you ever researched the cost of producing a real time quality lead? Depending on the vertical, it can get really expensive, especially if you are looking for quality and genuine interest.

Capturing a name, number, email, address, best time to call, can get really expensive. If you want to target geographically, by zip or state, it will increase your price and lower the amount of traffic you are getting. A lead can be really inexpensive, if you are just capturing email address, and you incentivize it, but if you are looking to attract customers that are genuinely interested in your service, its not going to be .20 cents or .50 cents, it will be way more expensive. You can expect prices as these if you are looking for lists, but why would you do that when you have the Yellow Pages and costs you nothing. You can definitely get leads for such a price, but those will be leads that are generated from the yellow pages, or aged data (lists) of consumers that showed an interest in your service years ago.  So what is the price for a good, real time, exclusive leads? It depends, it can be very expensive, depending how competitive is your vertical.  You will get what you are paying for. In other words, you are going to be happy with the return on your investment (ROI).

Advertisers have to consider that publishers or lead exchanges are eating the cost of any leads that are invalid.  Paying anywhere between .25 to $1.50 per click, or even $15, does not guarantee a conversion. Even if we get a conversion, it will not necessarily mean that you, as a buyer, will accept the lead. If you are a Debt Settlement buyer, you might want only want $15,000 and above in Unsecured Debt, which will significantly increase the price to produce that lead. 

Lead exchanges welcome advertisers to join the marketplace to HOST their offers. Paying the right price for the lead, working with the lead exchange to optimize your campaign and filter the lead sources, will ensure a successful campaign for you, as a buyer, and for the Lead Exchange and its publishers. 

Think of it this way, lets say you need to travel to a different state.  Would you rather rent a bike or a car? By renting a bike, you will save money on gas and get in a better shape If you are concerned about the time you need to get to your destination, this will not work too well for you, and renting a car might be more suited for you. Time is money, and we all know it very well.

Make great choices and you will see more money coming into your business! Buy quality, real time exclusive leads, and you can be assured that Leadpile will be on your side from start to end! Pay the price that they are worth and you will get the satisfaction that you are searching for!

Leadpile’s Motto: “Good is the Enemy of Great!” – Jim Collins, Good to Great

To build your business you must come up with ways to bring in new clients, however each business will have their own “right” way of generating this new business. A few options businesses have is to work with list brokers and to work with lead exchanges.
List brokers are companies that gather data of things such as home owners, consumers information in certain geographic regions, fax numbers, email lists, businesses and many many more. These are lists of people or businesses that meet the specific requirements the business is looking for.
Lead exchanges are a common platform for buyers AND sellers of WEB based leads. These are consumers specifically looking for a particular product or service.

The biggest difference amongst these two sources, of generating business, is the consumer/business is expressing the interest in something. They are “opting in” to receive more information about the particular product or service. Things such as the Do Not Call list do not apply to these consumers that are filling out a request for information. However, list brokers are dealing with general lists and MUST be scrubbed with the Do Not Call Registry. Those that are purchasing lists for various email marketing, SMS marketing, or other advertising purposes need to make sure that they are scrubbing their lists, to prevent any penalties being enforced.

Purchasing leads that are very targeted, real time, exclusive, and consumers/businesses that are WANTING information is probably going to show more success. One is like working a “warm” lead VS a “cold” lead. Why not call someone who wanted your product or service VS trying to add the extra step of trying to hard sell a consumer, and then have to deal with a potential longer sales process?
Leadpile Lead Exchange works with intelligent advertisers who know working with high quality web based leads, produces a higher return on their investment, versus buying lists and making the “cold” calls.

In 2006, I took a lot of heat for predicting One Trillion Dollars in retail Online Sales by 2012.

According to Emarketer and Nielson Online, Eight out of 10 respondents who had recently made consumer electronics purchases in a brick-and-mortar store said they had visited the store’s Website first. More than one-half said they purchased from the retailer on whose Website they had spent the most time. In addition 58% of respondents said they would choose the Internet for research in purchases before they would even choose their own friends and family.

While this study reported about Electronics, it is not a far reach to think that consumer research will certainly continue to dramatically increase in years to come.

At the Leadpile Lead Exchange, we are seeing consumers’ research under-banked services at exponentially increasing rates.

Look out Trillion! Here it comes!

Tracking your Payday campaign could never be easier.  Let’s talk about the LeadPile lead exchange and some unique tools provided inside your campaign to better assist you.  

LeadPile, Payday/Cash Advance vertical has launch above expectations.  We are the Source for Payday/Cash Advance leads.  For uniqueness the placement in our marketplace is powerful.  You see inside your campaign you will see your current bid price, your rank, and the top bid.  Yes, our top payday buyer is currently paying $68.50.  Our quality can stand in front of our price.  

The rank is significant as it will elaborate how many more campaigns are currently active, funded and have priority to accept a lead first.  Our lead exchange is Market Driven.  Rank 1 will have the opportunity to purchase the lead first.  Be aware that you will be receiving higher quality.  Not so much due to the cost, but consider this, you are coming across new consumers that are in some serious need of a loan that might only fill out one application online, hence was our application.  

I always suggest to get a good placement in our PING tree.  If you are an aggregator and you are working with extended amount of buyers you want to take a good placement.  Offer them the best quality lead that they have not seen within the acceptable time frame.  

I provided this screen shot so that you can view and understand how it works.  At any time a buyer can go through the “main settings” inside there campaign and increase the price so that they can jump over a few affiliates.  That’s the nature of a lead exchange.  You have total control over your price and you are notified of your placement. This way you can make some logical financial evaluations and define where you need to be at that makes sense for your company.

With a Lead Exchange such as LeadPile we make it user friendly so that you can at all time have the information you need right in front of you!  No wonder, we are the Largest Online TOP Rank Lead Marketplace!