He wants a cost per contract number I don't have for his market
Most of my marketing work over the years has been for agents, and I run a small shop. An investor found me through an agent client and wants seller lead gen in a metro I've never advertised in.
What I have: two agent accounts on Google search where I know my numbers cold, about $38 to $55 per lead on buyer intent keywords, and one wholesaler account I ran for seven months last year at $2,900 a month ad spend plus $1,200 retainer. That account produced 214 leads, 31 of them he called qualified, and 3 contracts. So $28,700 total spend against 3 contracts, roughly $9,500 per contract. He was happy. I was nervous the whole time.
New guy wants me to commit to a cost per contract in the proposal before he signs. His budget is $4,000 a month all in, and he says he needs 2 contracts a month to justify it.
What I'm unsure of: I don't control his follow up. In the account I ran, the leads that converted were the ones he called inside ten minutes. I have no idea if this guy answers his phone. If I put a number in the proposal and he sits on leads for two days, the number is mine to explain.
The decision in front of me is whether I quote a cost per lead and refuse to go further, or quote a range on contracts with conditions attached about speed to lead, or walk. I've never walked from a signed budget before.