If you're losing 90% of the people on the first step and 50% of that 10% on the second step, is the second step really what you need to be optimising?
Focus on reeling in the fish on the hook, to put it grossly, as opposed to putting more hooks in the water.
Pretty easy to see the other side of this though, and like the correct answer to any poker question, the answer ends up being "it depends". =)