Commission rates for campaign (The Funding Outlet Secured Loans)

russell cpanuk · 11-09-07

The following rates apply

Any purpose secured loan applications, up-to £7.5k. Max LTV 85%, max age 60. Commission payout of £25
Any purpose secured loan applications, between £7.5k and £15k. Max LTV 85%, max age 60. Commission payout of £50
Any purpose secured loan applications Max LTV 85%, max age 60. £15k+ Commission payout of £100
Consolidation and home improvements secured loan applications, Max age 60. £15k+ Commission payout of £125

The applicant must be contactable, have made the application on-line, exclusive, expecting a call from the merchants.

To expand on how a lead is invalidated, if a lead falls outside the above criteria, the merchant will flag the lead as out of criteria. Carter-Phillips administration team will then contact the applicant and approve or reject the claim. (A merchant can only flag a lead as invalid, Carter-Phillips are the only people who can confirm or reject the claim)

The Funding Outlet White Label Site

Link below

All the best finance deals under ONE roof!

The white label area of the site allows to to:

• Re-style the site (based on several pre-set styles) to a colour scheme of your choice
• Upload your own logo
• Enter your Company/Website name - this will replace ALL instances of the text 'The Funding Outlet' on the site
• Choose which merchants you use for NON homeowner loans

To utilise the above features, you will need to point one of your domains (sub-domains will also work) to 'whitelabel.thefundingoutlet.com'. You can find further information about pointing your domain on our main site. Head over to the white label area have a play around.

And Finally...

As a network, we welcome all feedback, regardless of whether it be good or bad. If you have a comment to make, or you have any suggestions as to how we can improve this product please drop us a line to: support@e-financialaffiliates.com.

magenta · 11-09-07

Hi Russell, why not just pay a percentage of the loan amount? £25 seems too litle for a £7.5k loan.

Michael_Anthony · 11-09-07

Here's some feedback. Every member of my school who has tried this service says that it's pants and that they won't bother in the future.

I have some merchant feedback too, but I promised them that I wouldn't mention it anywhere in public

russell cpanuk · 11-09-07

Pot and kettle come to mind…….

acutts · 11-09-07

Surely it would be more professional not to bad mouth a competitor publicly?

(By the way Michael, I applied to the affiliate school about a month ago and didn't hear anything...)

freetimer · 11-09-07

sorry but i agree .. + 85% LTV value ??? Bit low dont you think ...

Im getting 95% at the moment

The funding outlet is too diverse in the sense teh visitor has too much choice ..

tried , hated it , put it in the bin

russell cpanuk · 12-09-07

The choice problem has been pointed out by another affiliate; each product will soon have there own landing page, direct to each merchants application form.

I agree this will help certain affiliates with their marketing efforts. We do listen, so if you would have made us aware of the point, before you decided to “put it in the bin”

Can’t do much with the LTV, by offering 95% it cuts the portfolio of lenders down, to only 1 or 2. At 85% most second charge lenders will accommodate.

freetimer · 12-09-07

oh i understand that and dont get me wrong i love the service by carter philips ( in fact im one of their biggest fans as sue will tell you )

but in my opinion the worst desicion for affiliates you guys made was the funding outlet .. shoud have concentrated on more merchants that paid better than your current selection .. thats why im not promoting any of your merchats at present ..

but you guys are a great network and cant fault teh team at all

Chris

Michael_Anthony · 12-09-07

"Surely it would be more professional not to bad mouth a competitor publicly?"

That statement assumes that they are a competitor. And that I need to appear professional. Neither is the case.

By the way, I love the Carter Philips service too but never send them any traffic. In fact, I think that many affiliates feel the same way

acutts · 12-09-07

My mistake

I thought you were here on behalf of a financial lead company, sorry!

lethal0r · 17-09-07

hi russell, what % of leads submitted by all affiliates to the funding outlet have been rejected for reason 'duplicate' to date?

tom

russell cpanuk · 17-09-07

Hi Tom

The total leads invalidated, for all affiliates is less than 5% for all reasons. The duplicate lead rate is 1.5% mainly on the higher loan values. (Long form)

Main reasons for invalidations are:-

• Incorrect telephone (contact) number. (mainly from manually inputted leads)
• Applicant when contacted by the merchant is not interested in a quote.
• Duplicate lead,
• Not a homeowner (mainly from e-mail campaigns)

Before you jump on to the “not interested in a quote” part of the post, a merchant can only flag the lead as invalid, if it falls outside the criteria on the post above, the merchant will flag the lead as out of criteria. Carter-Phillips administration team will then contact the applicant and approve or reject the claim. (A merchant can only flag a lead as invalid), Carter-Phillips are the only people who can confirm or reject the claim.

I will save you a job Michael Anthony; everybody knows your school has no invalidations ever ever ever. We all know your merchants are very happy to take leads with incorrect telephone numbers, and applicants who won’t talk to the merchants. We all know your school has the main market share in secured loans; we have no need to hear it again. You now have no need to post with your self promotion. Relax, I have done it for you.

lethal0r · 17-09-07

thanks. how do you approve or reject the claim of duplicate lead? does the duplicate policy include the merchants own system or just leads sent through the funding outlet?

Michael_Anthony · 18-09-07

"Relax, I have done it for you."

Hey thanks, much appreciated.

lethal0r · 23-09-07

My point is that if the merchant can reject duplicates including any from their own customer tracking software, which im sure you dont have access to, then if a merchant wants to reject good leads they will just say they are dupes instead of invalid, meaning your own validation system would be/IS pretty much useless.