By aligning team members and different teams, your business’s employees are able to work together to create delightful experiences that make prospects want to convert and stay loyal to your brand.
One example of a process in which this type of collaboration only improves your ability to convert prospects into loyal customers is lead qualification.
Think about it this way: If your his leads to time being well-spent across the org and ensures sales reps aren’t wasting their time trying to identify leads that marketing has already engaged and vetted. on what makes for a high-quality lead at your company, then marketing can identify and handoff these leads to reps after a lead’s initial interaction(s) with your brand. Then, once sales has these contacts from marketing, reps can also qualify them and nurture them accordingly. T
These leads that marketing engages, vets, and passes along to sales are called marketing qualified leads (MQLs).
In this post, we’ll talk about what an MQL is, why identifying MQLs is worthwhile, and MQL criteria you can establish on your team.
What is a marketing qualified lead (mql)?
A marketing qualified lead (MQL) is a lead that the marketing team has deemed more likely to become a customer compared to others. This determination is based on criteria such as which: web pages were visited, content offers were downloaded, CTAs were clicked, and social posts were interacted with.
How does the qualification process for an MQL work?
At a high level, a lead becomes an MQL, then a SQL, working their way down the funnel until they (hopefully) become a customer.
As mentioned, if a lead becomes an MQL, they’ve been vetted by the marketing team. In other words, the marketing team determines whether or not they believe sales would have a good chance at successfully nurturing and converting a specific lead into a customer.
If the sales team does agree with the marketing team — and believes they have a good chance of converting an MQL into a customer — then that MQL becomes a .
Why You’d Want to Mark a Lead as an MQL
Whether through a content offer, social post, virtual or in-person event, web page, blog post, subscription, podcast, or ad, marketing has many potential touchpoints with leads, prospects, and target audience members before anyone else at your business does.
The resulting engagement data (and contact information, if any) is vital to the success of your business. It’s how your marketing team can efficiently sift through those prospects to identify the highest-quality leads based on criteria () set by your business.
Once marketing has identified MQLs for your business, then can send them along to your sales team — this propels sales through the initial steps of their roles (e.g. discovery and prospecting), and provides them with leads their marketing counterparts believe are worthwhile.
Sales then performs their own qualification process and pulls out the top-tier prospects from that list of MQLs.
Not only does this save sales reps time, but it also ensures marketing and sales are aligned on who your buyer personas are, what type of marketing content brings the right prospects for your business in, and more.
. This will ensure your sales team is delivered high-quality leads in an organized fashion so they stay as productive as possible.
3. Revisit your lead definitions and regularly.
Not only do your business, internal teams, and customer base grow in size over time, but your prospects, buyer personas, and leads also evolve. That’s why it’s so important to circle back to your lead definitions regularly and update them as needed.
For instance, maybe your marketing team revisits your lead definitions quarterly — they may review them as a team and then present any changes they believe are necessary to sales in order to get their feedback. Or maybe marketing and sales review the definitions together and update them accordingly in a collaborative meeting.
Either way, remember that just because something works for you now doesn’t mean it’ll be something that works for you in the future. Be cognizant of the fact that your lead definitions will need updating in order to ensure marketing is targeting, identifying, and presenting high-quality leads for and to sales reps.
Start Creating and Using MQLs
Now that you see the power of MQLs, it’s time to start creating your own. Think about the tips we covered above to get started identifying and converting more qualified leads.
Editor’s note: This post was originally published in June 2018 and has been updated for comprehensiveness.