ProspectMatch.com insurance lead scam, phony leads, fraudulent leads, annuity lead ripoff Concord, California
This company provides leads for insurance agents for $18 each and claim the leads are generated from a website form at (http://www.retirement-income.net/) of which they claim is completed by valid users.. I believe this claim to be 10% true and 90% fraudulent Here is what I am convinced they are doing
They first set you up by charging a $149 setup fee (for what?)
Then they charge $18 per lead you commit to in your predefined area You must agree to let them charge your credit card once a month or every time the lead cost reaches $200. (this happens fast so beware) You can pause your account but only after minimum of 30 days (this gives them time to get you good)
Then you select a 5, 10, 20 or 30 mile radius from your hub area and you can see how many leads show in your area..... they actually have a pretty good system of this, they make sure there are some leads in the hopper (you can see on line there are leads ready). When you signup and pick the type of leads you want, you instantly are the proud owner of these leads (they are emailed to you instantly and guaranteed not older than 7 days (or get this they are pitched) If you purchase those leads, you must leave your account active so you are forced to purchase additional leads as they come in for 30 days (sorry you cant stop them). This is all crap of course.
HERES THE SCAM:
They guarantee that the leads will have working phone numbers registered to the person on the lead), address and Name or they will refund your money (SOUNDS GOOD BUT IT'S A CON).
Keep this in mind... they have the website that anyone can visit and complete the form with someone's name, address and phone number (these lists are available from any list providers...) . That part is true most all leads match real people, phones and addresses but most of them have never filling anything out on the internet..
THE SCAM I believe they hire people to fill out the online forms form mailing lists in a zip code range and then their sales people contact insurance agent suckers in the area and tell them they have leads and its about to make their sales skyrocket. It's true if the lead is bad (phone number or disconnected) they will credit your account. But, But, But... even email lists have bad phone numbers or the previous owner sold or moved so thats understandable.. Do you get it... theyre whacking the sales agents with phony leads and racking up $18 per.. ProspectMatch is 10% legit and 90% fraudulent...We need to stop them, please keep these posting going
1 Updates & Rebuttals
ArborAsset
Brandon,Florida,
United States of America
You have it mostly right.....
#2General Comment
Mon, February 28, 2011
My own experience is similar but allow me to flesh it out some.....
I'm a financial advisor, and I've been using this program for roughly 4 months now. During that time, I have purchased 94 leads, with the following results:
94-leads purchased
62-false or made up (66%)
26-people that I spoke with that gave me some variation of "that person hasn't lived here/had this phone number for xxxx years now" (28%)
4-people that I was never able to get anyone to pick up the phone (4%)
2-people that actually acknowledged ever even requesting my booklet (2%)
0-people that had any interest in taking a meeting, let alone opening an account
Bottom line, what prospectmatch.com is partially true. They do place adds where people can fill in their information to request the booklet from you. However, as you can see above, for me that represented only 2-6% of the leads that I paid for. They then fill out their leads with old contact information from some database that is years out of date, and never requested any information at all. The onus is on you to 'prove' that the lead is false (ie the booklet is returned in the mail, often weeks after you are eligible to request a credit for the false lead, or you have a number that is not in service, etc). Whenever you ARE able to prove the lead was bogus, they do provide you with a credit for a new lead. However, it's the same worthless lead you would have instead paid for anyway.
Don't allow yourself to be taken the way I was. This is a scam, plain and simple.