How many LOIs to get one deal done. Share to help.

by a searcher from London Business School

11 months ago

I wanted to do a poll here but could not figure it out, so please post your answer below: 

- Have you closed a deal? If yes, how many LOIs did you submit? 
- If you haven't closed a deal, how many LOIs have you submitted?

My answer is that Started the search in March###-###-#### I have not closed a deal and submitted 2 LOIs. I think I need to submit 5 LOIs to close one deal.

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5 comments

searcher from INSEAD

My understanding is that there is no hard rule here unfortunately. It all depends on the quality of your leads. One LOI can be enough

3 months ago | like reply | 0 likes

searcher from London Business School

Makes sense. Thank you, Daniel!

10 months ago | like reply | 0 likes

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