Industry Insights

The True Cost of Not Following Up on Quotes (Do the Maths)

Most tradies know they should follow up more. But do you know exactly how much money you're leaving on the table each month? The numbers might surprise you.

WT
WinYourQuote Team
8 June 2025 · 5 min read
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Close-up of a calculator and financial documents on a desk

Most tradies know, somewhere in the back of their minds, that they should follow up on quotes more consistently.

But knowing it in theory and feeling it in your bank account are two very different things. This post is about making that number concrete — so you can decide whether fixing it is worth your time.

Spoiler: it almost certainly is.

Start With What You Already Know

To understand what you're losing, you need three numbers:

  1. How many quotes do you send per month?
  2. What's your average quote value?
  3. What percentage do you currently win?

Let's use a real example. A mid-size electrical business sending 20 quotes per month at $1,800 average, currently winning about 45% of them.

That means they're winning 9 jobs and losing 11 per month.

Now here's the question: of those 11 lost jobs, how many were lost purely because of no follow-up?

The Follow-Up Gap

Research into small trade businesses puts the answer at roughly 30–40% of lost quotes. That means of those 11 lost jobs, 3–4 of them were recoverable with a simple, well-timed follow-up message.

These aren't customers who chose a competitor on price. These are customers who:

  • Didn't hear back and assumed you'd moved on
  • Got busy and forgot to reply
  • Were waiting for you to show some initiative
  • Had your quote sitting in a tab they never got back to

They were leaning toward you. They just needed a nudge.

Do the Maths

Here's the formula:

``

Monthly Quotes Sent × Lost Job Rate × Follow-Up Recovery Rate × Average Quote Value

= Monthly Revenue Left on the Table

`

For our electrician example:

`

20 quotes × 55% loss rate × 35% recovery rate × $1,800 average

= 20 × 0.55 × 0.35 × $1,800

= $6,930 per month

``

Nearly $7,000 a month. From quotes they'd already done the hard work to write.

Annually, that's over $83,000 — from a single follow-up habit.

Try It With Your Own Numbers

Here's the same formula you can run on your business:

| Your Number | Value |

|---|---|

| Quotes sent per month | ___ |

| Your current win rate | ___% |

| Lost quotes per month | ___ × (1 - win rate%) |

| Recoverable with follow-up (use 35%) | ___ × 0.35 |

| Average quote value | $___ |

| Monthly revenue left on the table | ___ × ___ |

Most trade businesses that run this calculation land somewhere between $3,000 and $8,000 per month.

That's not hypothetical revenue. That's money attached to jobs you quoted, customers who were interested, and work you could have done — if someone had just followed up.

Why This Happens (It's Not Laziness)

The natural reaction to this number is guilt. "I should have been following up all along."

But here's the thing: this is a systems problem, not a character flaw.

Tradies are busy. When you're on the tools from 7am to 5pm, managing a team, ordering materials, and trying to get home before the kids are in bed — remembering to follow up on a quote you sent three days ago is genuinely hard.

The quotes that go cold don't go cold because you don't care. They go cold because you don't have a system that nudges you to act.

That's the real problem worth solving.

What a Follow-Up System Looks Like

You don't need anything complicated. At a minimum, a working follow-up system:

  1. Knows which quotes are still open — so nothing falls through the cracks
  2. Sends a follow-up at 48 hours — the proven sweet spot before a customer goes fully cold
  3. Sends a second nudge at day 5 — to recover quotes that didn't respond to the first message
  4. Stops automatically when a customer accepts, declines, or asks to postpone

If you're doing this manually, it means a daily habit of checking your outstanding quotes list, writing a personalised message, and sending it. Some tradies can stick to this. Most can't — because it requires memory, time, and discipline every single day.

The more reliable approach is automation.

The $49 Question

WinYourQuote's Growth plan costs $49 per month. Based on the numbers above, the average trade business running 20 quotes per month would need to win back a single $50 job for the tool to pay for itself.

More realistically, WinYourQuote recovers 2–4 jobs per month for users who were previously not following up at all. At an average quote value of $1,500–$2,000, that's a 30–80x return on the subscription cost.

We're not trying to oversell it. Do the maths for your own numbers. If the gap between what you're currently winning and what you could be winning is meaningful, the solution is straightforward.

Start with your numbers. Then decide.

Start your free 14-day trial →

Tags:follow-uprevenuetrade businessindustry insightsquoting
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