What Counts as a Lead? (Hint: Not the Robocall)
Most agencies count every ring as a 'lead.' Here's how to count leads the way you count jobs, and what a real lead should cost in your industry.
Open the monthly report from most marketing agencies and you'll see a big proud number: 147 leads! Ask what's in it, and things get quiet. Robocalls. Solar telemarketers. A supplier calling about an invoice. Someone looking for a company two states away with a similar name.
You'd never count a job that way. A homeowner waving at your truck isn't a job. A signed contract is a job. Leads deserve the same honesty.
Our rule is simple: a lead counts only when it's a first-time contact, from a real person with a relevant problem, inside your service area, for work you actually do. Run last month's report through that filter and the honest number is usually 40 to 70% of the raw one. That stings once, and then it changes everything, because now you can steer: you can compare channels honestly, budget against reality, and know what a booked job actually costs you.
That's why we report qualified leads only. Not because the smaller number is fun to present, but because it's the only number you can build a growth plan on.
We've written up the whole methodology (the four-part checklist, the channel-by-channel math, what a real lead should cost in your industry, and the questions to ask your agency this week) as the full guide in our Learning Center.
Want this math run on your market?
We'll show you the searches, the competitors, and what a real lead should cost you. Free.