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Speed to lead calculator

Speed to lead is how long a new lead waits for a real answer from your office. This calculator shows what answering more leads fast is worth to you: enter your leads a month, how many you answer fast today, your close rate on fast and slow answers, and your average job, and it works out the extra jobs and revenue a year.

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Your leads

Example numbers

Calls, texts, web forms and bookings.

$

What a won lead is worth to you.

%
%
%

From your own records.

%

Same records, the slower leads.

What faster answers are worth

More revenue a year
$38,880
More revenue a month
$3,240
Jobs won a month today
31.2
Jobs won a month at your goal
38.4+7.2
Leads answered later each month
72
What each later answer costs you
$67.50

Jobs won = leads × (share answered fast × fast close rate + the rest × later close rate). The difference between your goal and today, times your average job, is the money at stake. The close rates are yours: this calculator assumes no industry figure. The starting numbers are examples only.

See how the lead board shows how long each lead has waited

How does the calculator work out the revenue at stake?

It splits your leads into the ones answered fast and the ones answered later, applies your own close rate to each group, and compares today with your goal. The gap, times your average job, is the money at stake.

jobs won = leads × (share answered fast × fast close rate + share answered later × later close rate)
extra jobs = jobs won at your goal − jobs won today
at stake = extra jobs × average job (a month; × 12 for a year)
cost of one later answer = (fast close rate − later close rate) × average job
Shares and close rates are percentages from 0 to 100. Nothing else is assumed.

Why your own close rates

Published research on lead response mostly measured online sales leads in other industries, and its multipliers do not carry over to a house wash or an AC repair. Your own records do. That is why this calculator has no built-in industry figure: the difference between your fast and slow close rates is your number.

What does a worked example look like?

The calculator starts with these example numbers. They show the math; they are not industry averages.

120 leads a month, a $450 average job, fast meaning within 5 minutes

Share answered fast

Today
40%
At the goal
80%

Close rate when answered fast

Today
35%
At the goal
35%

Close rate when answered later

Today
20%
At the goal
20%

Jobs won a month

Today
31.2
At the goal
38.4

Revenue from those jobs a month

Today
$14,040
At the goal
$17,280

Answering 80% of leads fast instead of 40% wins 7.2 more jobs a month: $3,240 a month, or $38,880 a year, from the same leads you already pay for. Each lead answered late instead of fast costs $67.50 on these numbers.

Where do I find my own numbers?

Pull the last 90 days of leads and, for each one, note when it came in, when someone first answered it, and whether it turned into a job. Split them at your line for "fast" and work out the close rate of each group.

  1. Leads a month: every new call, web form, booking and message from someone who is not a customer yet.
  2. Answered fast: the share where a person (not an auto-reply) answered within your line, for example 5 minutes.
  3. Close rates: won jobs divided by leads, for the fast group and the later group separately.
  4. Average job: what a won lead is worth on its first job. Leave out repeat work to stay on the careful side.

If your current software does not record when a lead was first answered, start a simple log this week. Even a month of records gives you a real gap to work with.

Why does speed to lead matter so much in home service?

Homeowners often contact more than one company, and the first one to answer gets the first chance to book. A lead that waits an hour may already have booked someone else.

The hard part is rarely one slow person. It is a shared inbox where several people see the same lead and each assumes someone else has it. Our guides on speed to lead and running a shared office inbox cover how to fix both.

In Birdy, every lead on the board shows how long ago it came in, and Reports shows your speed to lead and how many leads were picked up within an hour.

Quote and track every job in Birdy

Your price list, minimums and job costs, set up with you on your own data.

Questions

What is speed to lead?

Speed to lead is the time between a new lead reaching your company and the first real answer from a person. It is usually measured in minutes.

What is a good lead response time for a home service company?

Set a target you can hold, such as 5 minutes during office hours, and check it against your own numbers: compare the close rate of leads you answered fast with the ones you answered later.

Does this calculator use an industry study?

No. It uses only the numbers you enter. Published research measured online sales leads in other industries, so the calculator leaves the gap between fast and slow close rates to your own records.

Do auto-replies count as a fast answer?

Not for this math. An automatic "we got your message" helps, but the customer is still waiting for a person. Count the first reply from someone who can quote or book the job.

What if I answer leads fast already?

Then the calculator shows a small gap, which is good news. Check evenings and weekends on their own: leads that come in after hours are the ones most likely to wait.