Leadpile’s Blog

I have to say there are so many beautiful places to see in New York City.  This week the city was also the host city for the Ad-Tech New York conference.  Seeing some old, new and familiar faces is always nice to see at any industry conference.  We were also a sponsor at the Glam Interactive Group party, which we were very happy with the outcome of this gathering.  Great event to network at!  Also, thanks to the great city for hosting this conference, and we look forward to seeing all our affiliates at the next conference!  There was also some beautiful places we were thankfully able to see.

Leadpile Lead Exchange is always looking for new affiliates to work with in this industry.  If we are not working with you already, we would love to speak with you and get some business going in any of the number of 30 or so verticals we are working in currently.

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Partnering up with Revupcard is going to make getting paid commissions that much easier for our Leadpile sellers!

Time is running out for consumers to read up on all the popositions being presented to them on the November 4th ballet. One thing that is being voted on in the states of Ohio and Arizona, is in regards to payday loans.  How much does everyone really understand about payday loans?  One myth I thought very important to point out:

Myth:  Payday lenders hide fees and mislead consumers.

Fact:  Just like any other service or loan you obtain, there is a cost to do get that loan or service.  In addition, any payday loan you take out there will be a cost to taking out the loan.  According to the CFSA website, “The cost of a payday advance is fully disclosed to customers on signs in the stores and in disclosure agreements. Moreover, in accordance with the Truth in Lending Act (TILA), the terms of the loan are clearly outlined in the lending agreement. Payday advances involve single, flat fees and there are no hidden charges, balloon payments or accruing interest. CFSA members also provide an educational brochure emphasizing responsible use of the product and offer a free right of rescission should the customer change their mind.”

CFSA also went on to say that in a recent survey 96% of the people were aware of the fees associated with taking out the payday loan.  Just like with any other loan, there are documents presented to the consumer with all the fees of doing the loan in black and white.  Are people sometimes just so anxious to get a loan, that they do not take the time to read the documents they are signing?

Leadpile Lead Exchange wants consumers to read everything before agreeing to take out a payday loan, or any other loan.  Knowledge is power!

The payday loan industry is getting a lot of attention, especially in the states of Ohio and Arizona. Those on the outside possibly do not fully understand the payday loan industry and there are some misconceptions about the short term loans.

Myth: Payday loan lenders do not want to be regulated.
FACT: According to CFSA, this is quit the contrary. Most payday lenders do want to be regulated and have certain industry guidelines. However, there are those that are trying to eliminate the industry as a whole, and not deal with keeping the “good guys” in business.
Currently, there are 37 states + the District of Columbia that have payday regulations. CFSA is working on trying to get regulations implemented on the remaining states, however they are not wanting to see the industry go extinct. Therefore, the question is… why is the payday loan industry going through such tough scrutiny, when in comparison with credit cards and other financial services there are similar costs/fees associated with them?
Leadpile Lead Exchange understands there are a lot of myths about payday loans, however the key is for those that are not fully educated on the industry, to read up to fully understand all aspects of this financial product compared to others. There is good to these types of loans, and they are sometimes very much needed.

Superpages (part of Idearc Media) has implemented a new policy, where if you are a lead generator, you can’t advertise directly for the service you are targeting. For example, all the sites like LowerMyBills, LendingTree, etc., will not be able to advertise under “loan” or “debt consolidation” categories. They are forced to advertise under the “referral” category. 

Also, it appears that if you are a lender or a bank, you will need to fill out a credit application, even if you have been doing business with them for years. The credit cards are not enough as they need to make sure you are not going to go out of business. 

I will keep you updated with news from them. 

Ford is stepping up and taking action to assist parents in controlling the speed when their teenager are behind the wheel. Teenagers account for a large percentage of car accidents, mainly due to speeding.  Ford has just introduced a new feature called “My Key”.  My Key will play a major role in decreasing potential car accidents caused by teenagers. 
Parents will be able to limit teen drivers to a speed of 80mph, using a computer chip on the key. Parents also have the option of controlling the stereo volume, which has been known to also distract teen drivers.  In addition, there is a programable chip that can be installed to set off a six second chime, if the driver is not wearing their seat-belt.  Parents can even instruct to set up an annoying chime that will keep going off if they go over 45, 55, or 65mph. Safety first!  
My Key will be rolled out in the summer of 2010 in both cars and trucks.  It will debut in the new 2010 Ford Focus, but also become a part of both Lincoln and Mercury models. 

Ford will get a lot of attention with the My Key.  I’m sure it will quickly spread across other recognized brands.  Smart move for Ford to lead the pack on targeting safety and teens. Teens of course are not thrilled, but overall it’s a great feature that Ford created to promote safety.
What do you think about this new My Key? Is it a thumbs up or thumbs down? 

In recent news, GMAC announced it would only offer auto loans to consumers with a credit score of 700+. According to Reuters.com, GMAC is only wanting to extend credit to those with good credit, and is also saying it will be doing more shorter term loans. This is in direct response to the economy and what is happening to the auto industry. GMAC expects these changes to remain in place until the economy stabilizes. In addition to these changes that are affecting consumers, GMAC says, “it has increased the rate it charges car dealers for providing standard auto financing by 75 basis points.” Therefore, this is not only affecting the consumer who is getting the car, but also those that are selling the cars.
Leadpile Lead Exchange works a lot with auto finance and car purchase leads. Situations like this, in the lending world, are going to affect the average “joe” who buys a car. This is where the auto finance lead type could become more demanded because generally you are talking about consumers that don’t have the perfect credit like GMAC is wanting. These consumers still need funding and there are still options out there for them, even though their credit is not “perfect”. Those dealers being affected by the GMAC decision should look at joining our lead exchange. We have the ability to connect you with consumers that are looking for a car and want it now.

GM is speaking out and getting the facts straight to the public.  Check out this site: http://gmfactsandfiction.com it allows you to write the “myth” you heard and they will provide the “facts”.   

I was reading today that GM is closing four factories.  Although it has not been determined if that’s 100% accurate, many speculate that it is.  GM has announced that they are closing the Janesville Wisconsin factory.  Shutting down doors for approximately 1,200 workers, December 23rd 2008. The other potential factories, looking at their doors closing, are the ones located in Ohio, Ontario, and Mexico.  

Shares dropped horrifically for GM over the last few days. In an attempt to save money, GM is looking at a few avenues to save money. They are looking at closing down factories that focus specifically on GM’s big trucks such as the Tahoe, Suburban and Yukon. This is a way that GM believes will be lucrative in the long run.  GM has confirmed that they are not going to file for bankruptcy.

What do you think?  Do you think GM has an opportunity to come back from this nightmare?  

In an effort to keep our Leadpile Lead Exchange blog readers “politically educated”, I have researched some top political websites. We all know that the 2008 elections are approaching, and it is time to really understand what it is you will be voting on in a couple weeks.
According to Hitwise.com, these are the top 10 political websites out there. This information is for US internet usage ending the week of September 27th, 2008.

1. www.huffingtonpost.com
2. www.realclearpolitics.com
3. www.barackobama.com
4. www.politico.com
5. politicalticker.blogs.cnn.com
6. elections.foxnews.com
7. www.dailykos.com
8. www.freerepublic.com
9. www.townhall.com
10. www.johnmccain.com

Leadpile Lead Exchange wants everyone to get out there and vote November 4th, 2008.

Ever wonder what search engine terms are used the most? I know I do, and search terms also tell a little bit about what is going on in the world around us. According to dmconfidential, eBay gets the award for the top terms (eBay and eBay.com)in the month of August. People trying to find bargains, or sell items they have I would say is partially responsible for this. Home depot was the next highest term used, followed by mapquest. The shopping/office supplies category received 43.15% of all paid search traffic. The fortunate thing is that this is an 8% increase from July’s 39.81%. Maybe people are staying home and doing more of their shopping online to try and get the best deal, without driving store to store. Business telecommunications and pharmaceutical & medical traffic was slightly up. However, travel and business/legal traffic was down for the month of August.
Another interesting fact, yet not surprising, is that Google accounted for 71% of all US searches in the month of August. In a distant second place was Yahoo with 18.26% followed by MSN (5.32%) and Ask (3.45%).
To truly be effective with lead generation, knowing this kind of information and detailed information about the verticals you are promoting is key to being successful. For instance, someone who is doing PPC for payday loan will loose a lot of money if they are not first aware of everything there is to know about payday loans, and also if they do not understand search engines.
Here at Leadpile, I am going to do everything I can to help publishers know what buyers are maybe looking for in a particular lead type. This helps with how the traffic is driven to the website and ultimately helps with conversions and payouts. Communication with your affiliate manager or account manger is key to running a successful lead generation campaign.

In recent months with all the foreclosures happening around the world, there is unfortunately some that are trying to capitalize on this. According to MSNBC, one in eleven consumers are facing foreclosure or behind on their mortgage payments. Therefore, consumers are trying to get out of this situation in any way they can. However, there are those scam artist that are trying to take advantage of these consumers trying to get out of their tough situation.
There are two types of scams going on right now with home owners. There are the scams where the consumers are asked to put up some upfront fees to pay for the “assistance”, but then the scam artist disappear with their money. “But the more lucrative scam involves seducing homeowners into complicated transactions that allow con artists to steal equity in the house or walk away from the closing table after netting thousands in phony payouts,” according to MSNBC.
This is a huge problem for home owners that are already in a bad situation. Before allowing anyone to assist in “helping”, all consumers need to really know who it is that they are working with. Asking questions and checking out specifics of these companies/individuals can hopefully prevent some from getting scammed. Unfortunately, peoples hardship is another person’s gain. Our home is one of the largest investments we will ever have, and we can’t allow those criminals to take that away. This can not happen if we are all aware and educated on the different types of scams.

Leadpile Lead Exchange does not currently generate a lot of foreclosure leads, however if there is a company out there that is truly wanting to help consumers from going through this sort of situation, we are certainly able to look at generating more leads. Matching up consumers with legitimate companies to help them is also our goal.

Have you joined the texting revolution? If you haven’t, you are behind the times. Some surprising numbers have been released, and I cannot believe how much texting is going on. How many text messages do you believe were sent this year in the month of June? Would you believe 75 billion? Last June, 29 billion were sent, so texting has increased by 160%. Mobile data revenues for the first half of the year rose to $14.8 billion which is up 40% from last year. Mobile data now accounts for one-fifth of all mobile revenues.

Now a word of caution to advertisers — don’t just start sending a bunch of text messages. Recent studies indicate that internet users that have opted in to receive marketing messages, do not want to receive those messages via text. Only 1% of this group prefers to receive marketing text messages. It is important to use marketing text messages where appropriate, and most importantly, welcomed by mobile users.