I came across this method while going through this review and instantly liked the idea. Note that this method was not invented or introduced by these guys. Lead flipping or lead brokerage business has been used by many people for quite some time. Let’s have a quick overview of how lead flipping works.
What is a lead?
If there’s one thing that almost all businesses want (and are ready to pay for), it is the leads. All businesses need leads to get paying clients. Businesses like real estate, mortgage, insurance, home improvement, cosmetic surgery, legal businesses etc will be happy to pay any amount (as long as it’s reasonable) for qualified leads.
How do you generate leads?
You need to be able to generate leads before you can start to “flip” or “sell” to another business. This is, of course, easier said than done.
Online lead generation process is simple. Get potential customers to your website or landing page. Use good sales copy and conversion tactics to convince them to leave their contact details. The leads are captured by contact forms where they can leave their name, phone number, and some other details like the exact product or service they are looking for. You can forward these details to actual businesses and leave the rest on their sales teams. The users will get the service they were looking for. The businesses will get the clients. And you will get the commission. It’s a win-win for all.
How to get target customers on the website?
Creating a website is probably the easiest part, thanks to those readily available website builders like Wix or WordPress. However, getting target customers on your website is not easy. You can go the longer route that is Search Engine Optimization but that can take months, if not years, before you can start to get some traffic. A better and faster method is to use paid ads. Pay Per Click platforms like Adwords or FB ads allow you to target people based on their searches, location, age, or interests. Getting target customers on your website is half the battle. Some of them will surely get in touch and that’s all you need.
What is The Modern Millionaires Course?
The Modern Millionaires is a training program that shares the tips, tricks, and tools for setting up a lead generation system and finding businesses who will be interested in those leads. It starts from giving you an overview, followed by detailed lectures on how to choose the right niche, setting up Google Ads or Facebook Ads campaigns that will give the best Return on Ad Spend. The prospecting part is important because you do not want to set up a lead generation system for a niche where it will be hard to find interested clients. You need to flip these leads ASAP because the potential customers will not wait. And if your leads are not converting into customers, you will lose your clients. The time is of the essence in lead flipping business.
You can learn all these things by yourself but it will take you some months or even years to be good at this stuff. Remember that lead generation is not that easy. Because if it was, all those businesses will be generating tons of leads for themselves. It is a specialist’s job and takes some trial and error before you can reach a breakeven point. The courses like Modern Millionaires are good because they can give you a jumpstart in what you are trying to achieve.