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Dave Ramsey Smartvestor program

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Jul 9, 2019 10:48 pm

I am curious if any of you have participated in the Dave Ramsey Smartvestor program. I am in a “midsized” market and they tell me that this should result in 25 leads for my “advertising fee” of $750 per month.

Average age 45+ married and debt free with assets of $200k and some investible assets. It sounds pretty good.

I want to know from someone with experience, what are the actually demographic is and what is the close ratio and revenue on these referrals. $30 per lead seems do-able in the long run and expensive in the short run.

Please share your thoughts.

Sep 16, 2019 8:12 pm

Well, I signed up with the Dave Ramsey SmartVestor Program. After 1 month I had 25 referrals and I was able to get 60% on the phone. I closed 3 clients without ever meeting them. It was done entirely over the phone.

for the 2nd month, I added a second area. I expect to receive 60 leads per month. These are people that want to talk about their situation.

There are a number of prospects from SmartVestor who are not ideal. That said there are a bunch of $25,000 clients wanting to add $12-15,000 per year. Most are in their 30’s.

My best prospects that I received from SmartVestor include a 55-year-old with $400k

a 62-year-old with $900k and a 60-year-old with 1.5 million. These are people that I have appointments scheduled with and hope to close.

In summary, I wish I had done this earlier. I tried door knocking and cold calling. This is so much easier. I hope somebody sees this and takes this advice. Signup ASAP. Let me know if you have any questions.

I just got another while I was writing this. Good luck out there.


Sep 24, 2019 4:27 pm

Those are surprising attractive numbers. Would you mind sharing the cost? Is it a monthly fee or based on the number of referrals given?

Did you experience that the people were flooded with calls from the other SmartVestor advisors?

Sep 25, 2019 5:07 pm

The contact is only given to 4 advisors. They are not flooded with calls. After I make contact I usually tell the prospect that they will hear from a few other guys.

I started out with one area at a cost of $750 per month. This supplies 25-30 leads per month. After the first month, I added a second area. This supplies an additional 30 leads per month The 2nd area is only costing me $500 per month. So 60 leads for $1250 per month. With these leads, they are excited to talk to you and you get an email telling you when they input their info into the website.

It is the easiest prospecting I have ever done and it is working quite well. The $250 difference in the areas is for the coaching calls and whatnot. Which I also see the value of.

I was just telling my wife that it seems uncanny that Dave Ramsey can get these kinds of numbers consistently each month. His program is a machine.

Let me know if you are going to sign up. If there is a referral bonus I would like to get it.