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Lead Source

The short answer

A lead source is where an enquiry came from. Examples are a listing, an ad, a referral, or a neighbour who saw your van. Record it on every enquiry to see which source is worth its cost.

What it means

Most owners can list what they spend on each source. Few can say how many jobs each source brings in. A lead source is the honest answer to "where did this one come from". Ask it on every new enquiry and record the answer. Do not guess once a year.

The value is in the comparison. Once you know the source of each won job, you can weigh its cost against what it paid. See cost per job won for the number that comparison gives you.

For example

Of your last 20 jobs, a neighbour or past client sent 11 of them. A directory listing sent 6. A paid ad sent 3. You only know this split because you asked each client where they heard about you.

The mistake to avoid

Assuming your biggest spend brings in the most work. Ask each new enquiry where they heard about you.

See also

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