What the research actually shows
The Lead Response Management study, an academic research project examining how sales response time affects contact and qualification rates for web-generated leads, found that the likelihood of making contact with a lead and the likelihood of qualifying that lead both dropped substantially as elapsed response time increased. The Harvard Business Review has also published analysis on this topic, drawing similar conclusions about the value of fast response.
These studies were conducted primarily on B2B and general web-lead data, not specifically on home-service leads, so the exact numbers shouldn't be treated as guaranteed outcomes for your trade. But the underlying mechanism — homeowners moving on to the next available contractor — applies directly to residential services, where people frequently request quotes from several companies in the same sitting.
