Merchant Cash Advance is gradually becoming the preferred funding solution to businesses and with that, lenders are looking for the best way to get leads for MCA. Finding exclusive MCA leads is a challenging task. Especially because of the growing competition, it’s hard to get qualified leads and fresh leads at the same time. Knowing the right way to get Merchant Cash Advance leads can save your time, money, effort, and necessarily your MCA business.
Best Way to Get Leads for MCA | How to determine?
If you want to choose the best way to get leads for MCA, first you should know about the possible ways to acquire MCA leads. You can opt for MCA lead generation by yourself, or you can hire MCA lead generator services to satisfy your necessities. The most accepted and considered the best way to get MCA leads is opting for lead generation companies. Why? Let’s define both ways and compare them to decide on the better of the choices.
How to generate leads for MCA
How to generate leads for MCA by yourself? There are techniques and platforms that can help you get quality leads. In today’s digital world, we have unlimited tools and resources to filter profiles and get the desired list of prospects we need. Business owners and merchants with low credit score, in need of a fair amount of loan, and on the lookout for a quick solution; these are the attributes you focus on as an MCA seller. There are digital media, social media to work on and launch marketing campaigns. Other tools can also come in really handy when looking for leads. For social sites, you can use:
Other than that, there are some forums and blogs where you can post topics and discussions to increase business’ impressions. These sites are difficult for marketing but the audience is much more specifically focused than social sites and thus, the traffic from there consists of genuinely interested individuals. Quora, Reddit, and Debanked are some of the notable ones.
Once you have a base of regularly interested individuals or businesses, you can apply certain methods to convert them as leads. Data collection is the first part of the process which is complete with marketing, now it’s time to approach. This part has to be careful, professional, and confident. Following up is the next part, conversion. This is where you convert the potential prospect into a valuable lead and then a client. Read about the whole process of generating MCA leads at MCA Lead Generation Guide.
How lead generation services generate MCA leads
As for MCA lead generator companies, they follow the same steps combining with other methods that have a more detailed and careful process. Each of the leads is weighed and pre-qualified through specific procedures that ensure their quality. Lead generators use the following techniques to generate leads:
- Digital and social media marketing
- Email marketing
- Google AdWords
- Search Engine Optimization
- Telemarketing/Cold Calling
Out of the mentions, telemarketing or cold calling is considered as the best way to generate leads for MCA. And while lead generators do use all of the methods, telemarketing is at the front and exclusive merchant cash advance leads are generated through inbound and outbound calls. A telemarketing agent calls a prospect and offers cash advance in this method. Since it is a direct approach and the connection is established only after ensuring the client’s quality, there’s a high chance of getting exclusive business loan lead from there. High quality and fresh MCA leads feature:
- Minimum 1+ year business experience.
- No bankruptcy for 2 years.
- Need funding ASAP, possibly within two weeks.
- Talk directly with the decision-maker/owner of the business.
- $10,000+ monthly gross sales revenue.
- Contact and address of the business in detail.
Lead generation services provide MCA leads with this information and many more. So once you get your hands on them, you know the reliability instantly and the credibility is assured right away. They have the researching techniques and quality resources to ensure the leads are authentic and updated. And better what, they’re experienced and professional at what they do, and they know how to approach a prospect properly to successfully perform a conversion.
Why Hiring Lead Generators is the Best Way to Get Leads for MCA
Since we’ve done full definitions of both ways in order to determine the best way to get leads for MCA, the comparison itself shows the results. In your Merchant Cash Advance business, there are other activities aside from hunting for leads which consume a lot of time. How are you going to cover everything if you are in neck-deep strategizing for generating leads? Besides, there’s no guarantee of getting exclusive and quality leads at the same time, when you are looking for them on your own.
MCA lead generator professionals provide assistance in regard to this situation, helping MCA providers in getting quality leads and boost their funding business. Below are some of the key reasons as to why they’re the best way to get leads for MCA.
- They save your time, money, and effort. Generating leads is a delicate process and takes up a lot of time. Needless to say that it will also cost you a significant amount of money. Lead generators do all this work for you, saving essentials that you can put to better use.
- They have quality research unit and proper resources. If you intend to improve your business, you need to put in a lot of effort into researches with proper resources. Lead generators know their way around generating leads and they have the team to carry out the process.
- MCA lead generation services never stop digging. They have databases of leads and their information, and they constantly update to keep the data fresh for MCA lenders.
- In business, reliability comes with experience. A good MCA lead generation company has years of experience in Merchant Cash Advance. They comprise of industry experts who have grown insight into the market.
There are a lot of compelling reasons why the best way to get MCA leads is opting for lead generation services and buy MCA leads from them. Read about it more on Reasons to buy MCA leads from Lead Generators.
Business Loan Leads is one of the most reputable and trustworthy MCA lead generator companies in the Merchant Cash Advance industry. Operating for more than a decade, we are providing high quality and exclusive business loan leads, MCA live transfer leads to a huge number of satisfied clients.
Learn more: 5 Ways to Fund More Businesses in MCA