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5 Types of Lead Qualification

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Lead qualification is the practice of improving the quality of sales leads in order to focus sales resources on those leads most likely to result in a sale. The lead qualification process may consider several factors:

1. Finances

A review of the financial state of the lead. For example, a company that is heavily in debt and known to delay payments to suppliers may be disqualified.

2. Budget

The likelihood that the customer has a budget for a deal.

3. Authority

The position of the lead in their organization and their ability to make a purchase using authority or influence.

4. Needs

Does the lead need something that you can offer?

5. Timeframe

How urgent is the customer's need? Are they likely to make a purchase in a timely manner?
Overview: Lead Qualification
Type
Definition
The practice of reviewing sales leads to identify and prioritize those leads most likely to result in a sale.
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