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Budget13 min read

How Shared Lead Pricing Actually Works

Four marketplaces, four billing models, and one number that decides all of them. What is genuinely documented about marketplace pricing, what is only ever blog estimate, and the arithmetic the invoice never shows you.

J
JadenFounder, Elev8 Operations
200+ contractor accounts managed13 min read · Updated 2026-07-28

Key Takeaways

  • The price on a marketplace invoice is a price per lead. The price of a customer is that figure divided by your win rate — a $65 lead won 18% of the time is a $361 booked job, and no marketplace dashboard shows you that division.
  • There is no published dataset of marketplace lead prices. Every range you have seen quoted online traces back to blog estimates or forum posts, not to a benchmark study, which is why this page refuses to print one as though it were measured.
  • Thumbtack documents its model plainly: the pro sets their own exact lead price, and prices vary with job type, job size, pro availability and market. That is a genuinely different mechanism from a marketplace that sets the price for you.
  • The FTC brought an administrative complaint against HomeAdvisor, Inc. in March 2022 over claims made to contractors about lead quality and source, and a January 2023 order required the company to pay up to $7.2 million and stop the conduct. HomeAdvisor, Inc. does business as Angi Leads.
  • In November 2023 the FTC announced it was returning more than $3 million to businesses that paid for HomeAdvisor memberships, issuing 110,372 checks to affected service providers.
  • The comparison that matters is cost per booked job against an exclusive channel. Published benchmarks give you the exclusive side — $41.26 per Meta lead for Home & Home Improvement, $233 per paying customer on Local Services Ads — so only the marketplace side has to come from your own invoices.

Contractors search for marketplace pricing constantly, and almost every page that answers them prints a confident dollar range with no source behind it. This one does not, because there is no published benchmark dataset of marketplace lead prices and manufacturing one would defeat the purpose. What can be established is how each model bills, what the regulatory record actually says, and the arithmetic that turns a lead price into the number your business runs on.

What is sourced here and what is not: the billing mechanics come from the platforms' own documentation, the enforcement history from FTC filings, and the exclusive-channel comparison figures from WordStream/LocaliQ and SearchLight. Lead prices, share counts and win rates are not sourced, because nobody publishes them — those come from your invoices, which is exactly where the shared-lead cost calculator asks for them.

What is a shared lead?

An enquiry sold to more than one contractor at the same time. The homeowner submits one request; the marketplace bills several businesses for access to it; each of you calls the same person within minutes of the others. You are not buying a job, you are buying a place in a race, and the entry fee is charged whether or not you win.

Why is the lead price never the real price?

Because you pay for every lead and win only some of them. Your true acquisition cost is the lead price divided by your win rate — at 18%, roughly five and a half leads per booked job. The invoice shows the numerator. Your P&L feels the quotient, and the gap between the two is where most marketplace disappointment actually lives.

Lead price
Win rate
Leads per job
Real cost per booked job
$40
25%
4.0
$160
$40
12%
8.3
$333
$65
25%
4.0
$260
$65
18%
5.6
$361
$65
10%
10.0
$650
$120
20%
5.0
$600
$120
10%
10.0
$1,200

Read the win-rate column, not the price column. Halving the win rate does more damage than doubling the lead price, and win rate is the input contractors overstate most — usually because referral and repeat work has been blended into the same average. Split it by source before you trust it.

How does Thumbtack's pricing model work?

The pro sets the price. Thumbtack's own pro documentation states that you choose how competitive you want to be by setting your lead prices, that this is the exact amount you pay for each lead, and that prices vary with job type, job size, how many pros are available, and your market. That is a materially different mechanism from a marketplace that prices for you.

  • On Thumbtack you pay for leads — customers who reach out to you directly - Thumbtack Pro Help Centre.
  • The pro sets their own lead prices, and that is the exact amount charged per lead - Thumbtack Pro Help Centre.
  • Prices vary based on job type and size, pro availability, and market - Thumbtack Pro Help Centre.
  • When a customer reaches out directly and the job matches your preferences, the lead is auto-paid - Thumbtack Pro Help Centre.
  • Opportunities, also called open leads, show prices upfront and are only charged if the customer responds to you - Thumbtack Pro Help Centre.
  • Payment history records what was paid for every lead and opportunity - Thumbtack Pro Help Centre.

What does the FTC record say about HomeAdvisor and Angi Leads?

That the claims made to contractors about lead quality and source were the subject of federal enforcement. The FTC charged HomeAdvisor, Inc. in March 2022 with making false, misleading or unsubstantiated claims to service providers since at least mid-2014, and a January 2023 order required the company to pay up to $7.2 million and stop the conduct.

  • March 2022: the FTC filed an administrative complaint alleging false, misleading or unsubstantiated claims to service providers about lead quality and source dating to at least mid-2014 - FTC.
  • January 2023: an FTC order required HomeAdvisor, Inc. to pay up to $7.2 million and stop deceptively marketing its leads - FTC.
  • The FTC's filings identify HomeAdvisor, Inc. as doing business as Angi Leads and HomeAdvisor Powered by Angi - FTC.
  • November 2023: the FTC announced it was returning more than $3 million to businesses that paid for HomeAdvisor memberships, issuing 110,372 checks - FTC.

This is public record rather than an opinion about the channel, and it matters for a practical reason: contractors routinely believe they are comparing two independent options when Angi Leads and HomeAdvisor are the same pay-per-lead marketplace under two brands. Separately, Angi Ads is a different product again — placement and visibility rather than per-enquiry billing — and the near-identical names cause contractors to sign the wrong contract regularly.

What does a marketplace lead cost in 2026?

Nobody credibly knows, and that is the honest answer. Marketplace pricing moves with trade, job size, market and platform, at least one major platform lets the pro set the number, and no benchmark study publishes it. Every widely-circulated range traces back to agency blogs and forum threads rather than a dataset with a sample size attached.

We looked for a published marketplace pricing dataset with a stated methodology and could not find one. Rather than repeat a range whose origin we cannot trace, this page leaves the number out. If you need a figure for planning, the only defensible one is your own last three months of invoices.

What does an exclusive lead cost, for comparison?

This side is genuinely benchmarked. WordStream/LocaliQ's Facebook benchmark, across 726 US lead campaigns running April 2024 to June 2025, put Home & Home Improvement at $41.26 per lead against a $27.66 all-industry median. Their 2026 Google Ads benchmark, across 13,474 campaigns, put the same industry at $90.92 per lead.

Channel
Published cost per lead
Dataset
Meta — Home & Home Improvement
$41.26
726 US lead campaigns, Apr 2024 – Jun 2025 (WordStream/LocaliQ)
Meta — all industries median
$27.66
Same dataset
Google Search — Home & Home Improvement
$90.92
13,474 US search campaigns, Apr 2025 – Mar 2026 (WordStream/LocaliQ)
Google Search — all industries
$66.69
Same dataset
Google Local Services Ads — blended home services
$53
888 contractors, $6.72M spend, Feb 2026 (SearchLight)
Google Local Services Ads — blended, three months later
$63.29
1,011 businesses, $9.8M spend, May 2026 (The Data-Driven Trades)
Shared marketplace lead
No published benchmark

Which is actually cheaper per booked job?

Usually the exclusive channel, because exclusivity raises the close rate rather than lowering the lead price. SearchLight's February 2026 benchmark put Local Services Ads at $233 per paying customer against $472 for Google Ads across the same dataset. A marketplace lead that looks half the price of an LSA lead is not half the price of a customer.

Do disputes and refunds change the maths?

A little, and less than contractors hope. Every marketplace has a dispute process and none of them refund everything. Build the recovery you actually achieve into your effective lead price rather than the rate-card price — if one lead in ten is successfully disputed, your real cost per lead is about 10% below the sticker, not zero.

Should you leave the marketplaces?

Not as a first move. They are a rented pipeline with a genuine cost of exit, and switching off before an owned channel produces leaves you with no lead flow at all. Run the arithmetic, cap marketplace spend at the volume that clears your break-even win rate, and move the surplus into a channel whose audience you keep.

  • Work out your break-even win rate: lead price divided by gross profit per job. Below it, every job you win loses money.
  • Split win rate by source before using it — blending referrals into the average is the most common way this analysis goes wrong.
  • Cap marketplace volume rather than cancelling it, so you keep lead flow while an owned channel ramps.
  • Track cost per booked job on both sides, never cost per lead. The channels are not comparable on cost per lead.
  • Count what you keep: marketplace spend builds the marketplace's brand and audience, owned spend builds yours.

Run your own numbers

Sources

The public studies behind the figures on this page, with what each one was used for. Last verified 2026-07-28.

  1. 1
    ThumbtackHow much do I pay for leads and opportunities? (Thumbtack Pro Help Centre)

    Accessed 28 July 2026. Primary source for Thumbtack's billing model: the pro sets their own exact lead price, prices vary by job type and size, pro availability and market, direct customer contact is auto-paid, and Opportunities are only charged when the customer responds.

  2. 2
    U.S. Federal Trade CommissionFTC Charges HomeAdvisor, Inc. with Cheating Businesses, Including Small Businesses, Seeking Leads for Home Improvement Projects

    March 2022. The administrative complaint alleging false, misleading or unsubstantiated claims to service providers about lead quality and source since at least mid-2014.

  3. 3
    U.S. Federal Trade CommissionFTC Order Requires HomeAdvisor to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects

    23 January 2023. Source for the $7.2 million figure, the prohibited conduct, and the identification of HomeAdvisor, Inc. as doing business as Angi Leads and HomeAdvisor Powered by Angi.

  4. 4
    U.S. Federal Trade CommissionFTC Returns More than $3 Million to Businesses that Paid for HomeAdvisor Memberships

    November 2023. Source for the redress figure and the 110,372 checks issued to affected service providers.

  5. 5
    WordStream / LocaliQFacebook Ads Benchmarks: New Data by Industry

    April 2024 – June 2025 · 726 US lead-objective campaigns; reported figures are medians rather than means. Source for the $41.26 Home & Home Improvement cost per lead and the $27.66 all-industry median used as the exclusive-channel comparison.

  6. 6
    WordStream / LocaliQGoogle Ads Benchmarks 2026

    April 2025 – March 2026 · 13,474 US search advertising campaigns; minimum 52 active campaigns per subcategory. Source for the $90.92 Home & Home Improvement cost per lead and the $66.69 all-industry figure on paid search.

  7. 7
    SearchLight DigitalHome Services LSA Benchmark — Google Local Service Ads Cost Per Lead by Trade

    February 2026 · 888 contractors, $6.72M tracked spend, 126,650 leads, $52.7M closed revenue. Source for the $53 blended LSA cost per lead, the 43.9% book rate, and the $233 versus $472 cost-per-paying-customer comparison against Google Ads.

  8. 8
    The Data-Driven Trades (Jon Torrey)Google Local Service Ad Benchmarks: May 2026

    9 June 2026 · 1,011 home services businesses, $9.8M spend, 154,593 unique leads in May 2026. Source for the $63.29 blended cost per unique lead in May 2026, up from $55.08 in March — used to show that the LSA comparison point is moving rather than fixed.

Share
13 min read · Updated 2026-07-28

Frequent Questions. Short Answers.

There is no published benchmark, and this page will not invent one. Marketplace pricing varies by trade, job size, market and platform, and every widely-quoted range online traces back to agency blogs rather than a dataset with a stated sample size. The only defensible figure for your planning is your own last three months of invoices.

Because you pay for every lead and win only some. The number that decides profitability is the lead price divided by your win rate. A $65 lead at an 18% win rate is a $361 booked job; the same lead at a 10% win rate is $650. The invoice only ever shows the $65, which is why the channel can feel cheap and perform badly at the same time.

It differs by platform and job type and is rarely published as a fixed number, so estimating it from your own calls is more reliable than any figure quoted online. How often homeowners tell you they are already getting other quotes is a better guide than a marketing page. What is certain is that the count is above one, which is what makes it a shared lead.

At the corporate level, effectively yes — the FTC's own filings identify HomeAdvisor, Inc. as doing business as Angi Leads and HomeAdvisor Powered by Angi. That matters because contractors often think they are evaluating two independent alternatives when they are looking at one pay-per-lead marketplace operating under two brand names.

Angi Ads sells placement and visibility on the Angi platform; Angi Leads is the pay-per-lead marketplace descended from HomeAdvisor, where you are billed per enquiry and the enquiry is shared. Different products, different bills, different risk profile. The names are similar enough that contractors sign the wrong one regularly — check which model a contract actually describes before committing.

Yes. The FTC filed an administrative complaint in March 2022 alleging false, misleading or unsubstantiated claims to service providers about lead quality and source going back to at least mid-2014, and a January 2023 order required HomeAdvisor, Inc. to pay up to $7.2 million and stop the conduct. In November 2023 the FTC announced it was returning more than $3 million to affected businesses via 110,372 checks.

Thumbtack documents that the pro sets their own lead prices and that the figure set is the exact amount charged per lead, varying with job type and size, pro availability and market. It also distinguishes leads, where a customer contacts you directly, from Opportunities, where you reach out first and only pay if the customer responds. That is a different mechanism from a marketplace that sets the price for you.

The win rate at which the lead price exactly consumes the gross profit on one job — lead price divided by gross profit per job. Below it, every job you win from that marketplace loses money before a single overhead dollar is counted. It is the fastest sanity check available on a marketplace contract, and our shared lead cost calculator computes it from your own numbers.

Because you are not the only contractor in the conversation. A referral arrives pre-sold by someone the homeowner already trusts, while a shared lead arrives alongside competitors calling the same number in the same ten minutes. Comparing the two in a single blended average is how contractors end up badly over-estimating marketplace performance.

This side is genuinely benchmarked. WordStream/LocaliQ measured $41.26 per lead for Home & Home Improvement across 726 US Meta lead campaigns running April 2024 to June 2025, against a $27.66 all-industry median, and $90.92 per lead for the same industry on Google Search across 13,474 campaigns in their 2026 benchmark.

No — LSA leads come to you as direct phone calls, and the published economics are strong. SearchLight's February 2026 benchmark across 888 contractors and $6.72M of tracked spend put LSA at $53 per lead, a 43.9% book rate and $233 per paying customer against $472 on Google Ads. Its real limitation is volume: LSA is capped by how many people search for your trade locally.

All of them have a dispute process, and none refund everything. The practical approach is to build the recovery you actually achieve into your effective lead price rather than the rate-card price. If you successfully dispute one lead in ten, your true cost per lead is roughly 10% below the sticker figure — a meaningful adjustment, not a transformative one.

Rarely as a first move. They are a rented pipeline and switching off before an owned channel produces leaves you with no lead flow at all. The defensible sequence is to calculate your break-even win rate, cap marketplace spend at the volume that clears it, and shift the surplus into a channel whose audience and ad account you keep.

Trusting a remembered win rate instead of a measured one. Almost everyone estimates it well above what their invoices support, usually because referral and repeat work has been folded into the same figure. Every conclusion on this page rests on that number, so it is the one worth an hour with a spreadsheet before anything else.

No. The billing mechanics come from Thumbtack's own pro documentation, the enforcement history from FTC press releases and the consent order, and the exclusive-channel benchmarks from WordStream/LocaliQ and SearchLight — all linked in the Sources block. Where no published figure exists, most importantly marketplace lead prices, this page says so rather than filling the gap with an estimate.

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