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Companies spend millions of dollars trying to identify qualified prospects for their products and services. We have come to understand the benefits of targeted marketing using sophisticated database techniques. But what happens once a prospect “raises their hand” and indicates some level of interest in what the company has to say? Some sobering industry information may be illuminating.

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Establishing a Lead Score

As a company’s lead scoring requirements become more complex, a best practice is to design a system that produces a numerical value identifying a lead as qualified and ready to distribute to sales.

Lead score ranges also determine whether to send a lead to the company’s field sales organization, inside sales or to a reseller/channel partner. It also determines whether to pursue the opportunity or to not pursue it.

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Posted by on in Sales Lead Management
Today sales leads are more valuable than they’ve ever been.  Treated as “priceless” they deserve respect.  Understanding and analyzing a lead just makes good business sense and the smart companies implement a lead scoring methodology that fits the dynamics of their sales and marketing organization.
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Managing the Pipeline is critical to the two segments covered in our previous blogs: Part I and Part II: Increasing Sales Productivity using the best SFA and choosing the most appropriate Sales Methodology for your company.

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If your sales methodology places an emphasis on certain tasks being performed or information being gathered, this should also become custom fields on the Sales Opportunity record.
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Increasing sales productivity has been one of the highest priorities during the economic downturn as companies struggle to achieve their profit goals.  Cutting expenses is only effective for so long; eventually, sales must increase for a company to consistently grow profits.

Sales organizations have historically been difficult to manage.  While most companies understand the trade-off between a successful sales profile and an easy-to-manage employee, they have found managing successful sales people to be exasperating.
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