Your Return On Investment will largely come down to how effectively you can close the leads that we bring you (how much of your products or services you can sell). Therefore, ROI will be different for each business.
However, let's run some example numbers to give you a guide of what your ROI might look like with some very realistic, mock figures...
When generating leads for a client, we want to think about the lifetime value of a customer to their business.
For example, let’s say for every new client a law firm acquires, on average they spend $3,000 with the firm.
If that law firm spends $2,500 on Digital Advertising Campaigns per month, then they would only need to close one deal to be in a positive ROI.
But we want to help companies make more than just $500...
So let's say the campaign generates 50 leads per month. That gives the law firm 50 chances to close 50 (potential) new deals...
But let's say the law firm struggles with sales, and only closes 10% of those leads as new clients...
That's only 5/50 successful leads closed, but with those 5 new clients, the law firm would be able to generate an additional $15,000 in revenue from only a $2,500 marketing spend.
That's a 500% ROI for those playing along at home, which is HUGE.
But imagine if the firm closed 50% of their 50 leads....
25/50 @ $3,000 per customer is a whopping $75,000 in revenue!
That's a 2,900% ROI from ONLY a $2,500 budget! 🤯
See now why we think advertising is a no-brainer? The bigger your budget, the more money we can pump into ads, and the more leads we can generate your business...giving you more opportunities to close more deals! The growth can go as far as you want to take it!!