My Lead Company Review
My Lead Company Review
( and Enrollment / Commission Test )
My Lead Company is a lead generation and sponsorship company founded by J. R. Jackson.
Enrollment in the company is free, but you need a sponsor ID. If you do not have a sponsor ID, the company will rotate on into the enrollment window for you.
My Lead Company claims to have the world's first "Straight Line Compensation Plan". In laymans terms, they say that anyone who signs up after you ends up in your downline, regardless of the sponsor.
Since enrollment is fee, I decided to do a test of some of the most critical factors for any MLM. How many people can I enroll with the minimum ( passive ) effort, what is the conversion rate, and what is the financial ( commission ) reward?
I took out a sponsored link on Npros.com on the My Lead Company page when the company was initially listed. According to my correspondence with the Npros ad department, when a new company is added to their directory it is picked up by about 20,000 RSS feed subscribers and also goes out in a "new company" newsletter to about 15,000 subscribers. Npros also quoted an average 14% conversion rate on their advertising from click to lead.
i also negotatiated a fractional ad campaign ( a percentage of the site ad rotations ) for a 160 x 600 tower ad on the site.
I bid on the 336 x 280 ad spot on the My Lead Company page on MLMRankings.com ( 65.00 ).
Here are the results after seven days:
Total Clicks to my landing page at My Lead Company ( http://myleadcompany.com/myleadaccess/ )
146 clicks. The 336 x 280 ad on MLMRankings specifically on the My Lead Company page has a 23.08% click thru rate.
The advertising page clicks reported sync up perfectly with the "website hits" in the "my tools" back office of MyLeadCompany, so tracking seems accurate on both ends of the advertising and landing page equation.
My "Direct Team" downline, personally sponsored enrollments after 7 days ( all passive via clicks landing on my replicated landing page ): 23 New Enrollments
The all important conversion number: 15.75% conversion rate from clicks to free members.
Since MyLeadCompany.com pays commission daily, I have been checking to see if any commission has been earned. Today commissions showed up in my back office.
It looks like a least one person ordered a lead pack and I earned the direct commission. I did not contact any of the leads directly, so this is a passive sale. ( A 4.3% conversion rate from lead to sale )
I have not personally purchased any of the leads, my goal is to earn commissions from downline sales because MyLeadCompany does not seem to require me to pay a month to month member fee or make a purchase to remain qualified to earn commission.
The only downside I can see so far is that in order to get paid I need to create an account with AlertPay or OKPay, two companies I am not familiar with. I would prefer they used something simple like Paypal, but I don't think Paypal allows MLM companies to use their payment system.
There is a $3.00 transaction fee when you request disbursement of your payment, and a minimum $10 commission withdrawal. Neither of those seem unreasonable.
My ad campaign will run for one month, I will continue to update results based on clicks and passive conversions. I am assuming that at the current rate, commission revenue will exceed my advertising fees within the next few days.
Overall, I have found the MyLeadCompany.com back office interface easy to use. I do with the commission information was more detailed. I can't seem to find out how to determine who in my downline has made lead purchases, which would help me do more direct marketing to those in the downline who are "buyers" vs "lookers".
