Best Practice Toolkits
Today’s new buyer is in control of their own buying process. With access to all the information they require, they are able to self-educate, discover vendors who might potentially solve their business challenges, and form opinions on which vendors are best for their needs. As marketers facilitate this buying process, they must pay careful attention to the prospects’ digital body language in order to detect signs that they are qualified leads ready to engage in a purchase conversation with a sales person.
It is lead scoring that provides this link, from the behavioral information detected by watching prospects’ digital body language to the action that should be taken based on the insights gained.
Lead scoring best practices require marketing and sales to first agree on the definition of a qualified lead. This agreement allows a “common currency” between marketing and sales whereby marketing works to generate qualified leads and sales works to close them. This definition, however, has two distinct parts, “fit” and “engagement”. Fit, or the explicit information known about a person, their role, company, industry, and revenues, defines whether they are the ideal person and company to sell to. Engagement, or the implicit information known about their activities, topics of interest, and level of interest defines whether they are sufficiently engaged to begin a conversation with sales.
These two dimensions of lead scoring should allow marketing and sales to create a “matrix” to determine qualified leads. A, B, C, and D can define fit, and 1, 2, 3, and 4 can define engagement. This allows a next action to be defined for each square on the matrix. A1 leads, those with ideal fit and maximum engagement, can go directly to sales. A3 and A4 leads, those with the right fit, but minimal engagement, should be nurtured over time until signs of engagement are detected. C1 or D1 leads, where the engagement is high, but the level of fit is low, might be worth talking with to see if they are doing research on behalf of a more senior decision-maker.
The score of qualified sales leads changes with each action they take, and with each day that passes, so it is crucial to ensure that a re-scoring process can be automatically triggered with each action, no matter how small, and with each passing day. This requirement of lead scoring is what makes it a key consideration when looking at marketing automation software.
Lead scoring allows marketing and sales to agree on not just the definition of a qualified lead, but the correct next steps for any leads that meet those definitions. As such, good lead scoring forms the foundation of B2B lead generation operation.
How do you rank one qualified sales lead against another? This guide provides a short, easy-to-understand introduction to Lead Scoring best practices. Enjoy!
What is lead scoring? Explore the strategic value of sales lead scoring and prioritization in this Aberdeen Group white paper provided by Eloqua.
For many, lead scoring is still a new concept. No doubt, there are marketers who have never heard of lead scoring. Those who do know lead scoring, and use it, understand its tremendous value in driving demand and improving their lead generation and lead nurturing efforts.
Jocelyn Brown (@jocebrown), Chad Horenfeldt (@chadhorenfeldt), and Adrian Chang (@adrianchang) have the experience to know what it takes to achieve success with Lead Scoring. Here is their take...
If you want to deliver some quick wins with lead scoring, check out this webinar and get tips on how to improve marketing ROI and lead generation by prioritizing sales leads.