The 5 moves, and where each one loses you money
- Lead in. Someone finds you and reaches out. You lose the job when calls and messages go unanswered, often after hours. Answering first gets you into the conversation.
- Respond and quote. You reply with a real answer and a price. You lose the job to slow replies. In the studies below, the odds of qualifying a lead fall fast within the first hour.
- Do the job. The actual work. You lose the day to manual scheduling, double entry and dropped follow-ups that let jobs slip.
- Get paid. The invoice goes out and gets paid. You lose cash when invoices go out late and get chased by hand. Money you already earned sits for weeks.
- Repeat and refer. One finished job becomes the next review, rebooking and referral. With no system, every job starts from a cold stranger.
What the research says about speed
The best-documented loss is the slow first reply. 2 studies get mixed up here, so we keep them apart.
- A test of 2,241 US companies (Harvard Business Review, 2011). Each got one web lead. Among those that replied within 30 days, the average reply took 42 hours.
- A study of 1.25 million leads at 42 US companies (the same article). Trying within an hour made a company nearly 7 times as likely to qualify the lead as waiting even an hour more.
- The 5-minute finding comes from an earlier study. In the Lead Response Management study (Oldroyd with InsideSales.com, 2007), attempts within 5 minutes did far better than attempts at 30 minutes.
These are business-to-business audits. Treat them as a direction for your trade; the direction is clear.
How to read your own business with this
Walk one real customer through your 5 moves, first ring to referral. Write down every place they waited on you. Each wait is a lost job with a price:
Missed calls × your close rate × your average job = money at risk
The fix is wiring the handoffs, so nothing waits on a person who is on a roof. Working harder inside a move almost never helps.
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- Oldroyd, McElheran and Elkington, “The Short Life of Online Sales Leads,” Harvard Business Review, March 2011. hbr.org/2011/03/the-short-life-of-online-sales-leads
- Oldroyd and Elkington with InsideSales.com, the Lead Response Management study (the 5-minute finding), presented 16 October 2007. Study page · summary PDF