This rule change is going to seriously impact marketers, lead aggregators, small businesses, and other industry stakeholders, but there are also opportunities to capitalize on as the lead generation market is in flux.
The biggest winners in this change, David says, will be lead generation through Pay Per Call, which will still be compliant under the new FCC rules. To make Pay Per Call work in an increasingly competitive marketplace, however, you’ll need to follow a few guidelines:
1. Watch Your Money 🤑
As Pay Per Call grows, you’ll need to monitor your call centers for accountability and quality assurance. Some call centers can roll hundreds of calls a day, and the value of those leads is not to be taken lightly. Ensuring that your teams are maximizing every opportunity is crucial in the Pay Per Call space.
2. Extend Your Net 🕸️
Longer payment terms can be extremely beneficial for scaling and sustaining Pay Per Call campaigns. Many advertisers will offer short-term deals like Net-30 or Net-15, but you can negotiate longer terms based on leverage from positive campaign performance or exceeding KPIs.
3. Retain a Good Attorney 🧑⚖️
One outcome is guaranteed under the new FCC regulations: lawsuits.
Law firms and government watchdogs will be zealously pursuing advertisers, marketers, and organizations that fail to comply with the new rules. And even if your Pay Per Call or other campaigns are on solid legal grounds, there’s a strong possibility that your successful lead generation will draw the attention of these entities.
In this hyper-litigious landscape, having an attorney ready to respond and protect your campaigns will be essential to keeping your business going and preventing competitors from conquering your market share.
4. Monetize Aged Leads Now 💎
Aged leads and first-party leads that are still in your system need to be monetized as soon as possible because reaching out to those leads won’t be allowed anymore when the new FCC rules go into effect.
Leads that don’t have one-to-one consent for their opt-ins are still valuable if you can reach them before the end of 2024. But the value of that data won’t last forever, and you’ll need to leverage it now as you prepare to pivot into the new world of lead generation.