Business

The True Cost of Missed Calls: Calculate Your Lost Revenue

Every service business owner knows that missed calls are bad. But most dramatically underestimate just how bad they are.

Here's the uncomfortable truth: 80% of callers who reach voicemail will never call back. They'll call your competitor instead.

Let's do the math on what that's actually costing you.

80%
of callers won't leave a voicemail — they'll call a competitor

The Missed Call Formula

Here's a simple way to calculate what missed calls cost your business:

Monthly Lost Revenue =
Missed Calls per Day × Working Days × Conversion Rate × Average Job Value

Example: 5 missed calls × 22 days × 40% conversion × $350 avg job = $15,400/month

Cost by Industry

Here's what a single missed call typically costs, based on average job values and conversion rates:

Industry Avg Job Value Cost Per Missed Call
Roofing $8,000 $800 - $1,200
HVAC $450 $135 - $180
Plumbing $375 $110 - $150
Electrical $325 $95 - $130
Garage Door $350 $105 - $140
Locksmith $150 $120 - $150
Towing $150 $120 - $150

Note: Locksmith and towing have higher cost-per-missed-call ratios because their conversion rates are near 100% — the caller hires whoever answers.

The Voicemail Myth

Many business owners think: "If it's important, they'll leave a message."

The data says otherwise:

That means for every voicemail you receive, you're likely missing 4 other callers who hung up without leaving a message.

When Calls Go Unanswered

Every business has periods when calls go unanswered:

Typical Problem Times

The Hidden Cost: Lifetime Value

A missed call doesn't just cost you one job. It costs you a customer for life.

Consider an HVAC customer:

Lifetime value: $12,000+

That's what you lose every time a first-time caller goes to voicemail.

The Solution: Answer Every Call

The math is simple. If answering every call costs $99-249/month and missing calls costs $5,000-20,000/month, the ROI is obvious.

Options for capturing every call:

  1. AI Answering Service — Answers 24/7, captures information, dispatches emergencies ($99-249/mo)
  2. Hire a receptionist — Full-time coverage but expensive ($3,000-4,000/mo)
  3. Traditional call center — Live humans but per-minute billing adds up ($500-2,000/mo)
Key Takeaway: Do the math for your business. Multiply your missed calls by your average job value. That's how much you're leaving on the table every month. Then ask yourself if $99-249/month to capture those calls is worth it.

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