Home Rental Company Nets US$1.5 Million Annual Revenue

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Home Rental Company Nets US$1.5 Million Annual Revenue Increase After Using Conversica for Three Months

FOSTER CITY, Calif., Sept. 29, 2014 (GLOBE NEWSWIRE) -- Conversica , the leading provider of sales conversion management software for marketing, inside sales and sales, announced today that one of its customers, a large high-growth single-family home rental company serving multiple U.S. markets, has increased annual revenues by US $1.53 million (US $128,000 per month) using its application just after the first three months.

Conversica automatically contacts, engages, nurtures, qualifies, and follows up with leads via natural, two-way email conversations with no human intervention required. As a result, Conversica helps enterprises maximize sales opportunities by optimizing sales team productivity and increases return on investment from existing customer relationship management systems, as well as marketing and sales automation tools.

Within the first three-months of using Conversica, the client generated more than 80 closed rental agreements totaling an average of US$1,600 per month in rental income for each home - resulting in US$1.53 million in additional annual revenue. Since implementing, Conversica, the home rental company has achieved a real-time engagement rate of 53 percent across 9,600 total leads per month generated by Marketo's marketing automation software and other Internet-based real estate information sources. From those leads, agents set 2,600 appointments, contributing to an incremental monthly revenue increase of US$128,000.

"Conversica helps our agents prioritize their time so they can focus more on converting leads instead of chasing them," said the director of inside sales for the home rental company. "Now they can close deals faster, which translates to more commission in their pockets and more revenue."

The home rental company integrated Conversica with Marketo and with the Salesforce1 Customer Platform. Marketo drives leads for the rental company by tracking the activity or click-throughs of visitors to the company's website. Based on the sections of the website that are accessed, Marketo scores the lead to determine the person's propensity to enter into a rental agreement. Within the Conversica application, the rental company has created the online persona Jeffrey to contact leads via email and quickly qualify Marketo's scored leads to determine the level of intent to enter into a rental agreement.

Conversica's sales conversion management platform helps the rental company's sales team increase efficiencies by:
 

  • Creating automated, two-way email-based communication with leads using a human persona
  • Determining the lead's intent in real-time by interpreting text in the email response
  • Alerting the agent to contact qualified leads who indicate intention to rent a home now
  • Following up after the agent's initial contact to continue to nurture the lead and get additional information or feedback 


"Conversica provides the missing piece of automation in the sales cycle," said Mark A. Bradley, chief executive officer at Conversica. "By adding automated sales conversion management to the marketing automation mix, marketing organizations can be assured that they are providing sales teams with pre-qualified leads that intend to purchase, so inside sales and sales groups can spend more times closing deals."

A case study with additional details on the home rental company's success with Conversica can be downloaded at www.conversica.com/rentals .
 
About Conversica

Conversica is the leading provider of sales conversion management software for marketing, inside sales and sales organizations. Presented as a customized online persona, the application automatically contacts, engages, nurtures, qualifies and follows up with leads via natural, two-way email conversations until the lead converts into an opportunity or opts out.  Used by more than 7,500 sales representatives worldwide, Conversica maximizes sales opportunities by optimizing sales team productivity and has helped create more than US$7.6 billion in sales revenue.

Conversica is a portfolio company of Kennet Partners and is headquartered in Foster City, California.  To learn more, visit www.conversica.com and follow us on Google+ , YouTube , Facebook , LinkedIn and Twitter .

Salesforce, Salesforce1, AppExchange and others are among the trademarks of Salesforce.com, Inc.

Contact: Michael E. Donner SVP, Chief Marketing Officer Conversica +1 (888) 778 1004

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

When to Replace Your Tucson AC for Savings

Updated Category News Views 16

Grappling with the Tucson Heat: AC Dilemmas You're smack in the middle of a blistering Tucson summer, and guess what? Your AC decides to take a dive. Happens, right? The HelloNation article, drawing on insights from HVAC expert Dan Barrios, gives the skinny on whether you should repair or replace that grumpy old unit. Understanding the Age Factor in AC Systems Here's the...

Continue Reading
H.I.G. Capital Strengthens Position with GetixHealth Investment

Updated Category News Views 492

H.I.G. Capital Completes Acquisition of GetixHealth H.I.G. Capital, a premier global alternative investment firm with a substantial portfolio valued at $68 billion, has recently announced a compelling strategic investment in GetixHealth, LLC. This collaboration marks a significant step forward in enhancing the offerings of GetixHealth in the realm of healthcare revenue...

Continue Reading
LivePerson Reports Impressive Q3 2025 Financial Performance

Updated Category News Views 197

Financial Highlights from LivePerson’s Third Quarter 2025 LivePerson, Inc. (NASDAQ: LPSN), a prominent leader in conversational AI and digital transformation, has released its financial results for the third quarter of 2025. The company achieved remarkable total revenue of $60.2 million, exceeding expectations and demonstrating its resilience in meeting customer...

Continue Reading
Deutsche Aircraft's D328eco: Revolutionizing Regional Travel

Updated Category News Views 207

The Future of Regional Aviation: Introducing the D328eco As regional airlines in the U.S. navigate the challenges of rising operational costs and workforce shortages, the need for fleet renewal becomes increasingly critical. The aviation sector faces this urgency head-on, particularly with the aging fleet of 30 to 50-seat aircraft. With significant demand for improved...

Continue Reading
Vincerx Pharma Merges with Oqory: A New Era in Oncology

Updated Category News Views 510

Vincerx Pharma Announces Strategic Merger with Oqory, Inc. Vincerx Pharma, Inc. (NASDAQ: VINC), a pioneering biopharmaceutical company dedicated to meeting the challenges faced by cancer patients, has made a bold move by entering into a strategic merger with Oqory, Inc. This partnership is filled with potential, as Oqory specializes in developing antibody-drug conjugates...

Continue Reading