The Lead Response Management Study
Dr. James Oldroyd (then at MIT) with InsideSales.com, 2007
3 years of data from 6 companies: more than 15,000 web leads and 100,000 call attempts.
- The odds of qualifying a lead fell 21 times when the first call came at 30 minutes instead of 5.
- The odds of qualifying fell 4 times from minute 5 to minute 10.
- Contact rates were 100 times higher for calls within 5 minutes than at 30.
- Wednesday and Thursday were the best days to call; 4 to 6 PM was the best time to reach people, and 8 to 9 AM and 4 to 5 PM the best to qualify them.
It measured phone calls to web leads. “Contact” meant a conversation of a set length and “qualify” meant the lead agreed to move forward, often by booking a meeting; it didn't measure closed sales. It was run with a company that sells calling software.
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