We gotta hit our lead target THIS month
Cause the natural cash conversion cycle in a mortgage biz sits at around four months
We cannot expect a lead today to settle tomorrow
Now lets reverse engineer how this works
Say were settling $4M a month
And to get those $4M in settlements we need on average 20 leads
If our target is double that say $8M
Safe to assume we now need 40 leads a month not 20
And to get to that $8M in four months time
We need 40 leads THIS month, not in four months time
Big take out here
the longer it takes us to hit our lead target
the further out were pushing our ideal settlement months
Good Luck ✌🏼