Qualifying leads allows sales reps to check a prospect’s likelihood of conversion. It also helps sales teams identify high-intent prospects and manage leads.
By finding and prioritizing prospects most likely to buy, they can sell more and faster. Sales qualified leads are high-intent, so let’s discuss what they are, how to qualify them, and how to find them.
A sales-qualified lead (SQL) is a potential customer that has been both nurtured by marketing and vetted by reps.
SQLs are high-intent prospects who are ready to speak to sales reps. They’ve shown buying signals like interacting with bottom-funnel marketing content, booking a demo, or requesting more information on a sales call. And they’re far enough along in the buying process to talk to sales.
SQLs are valuable, and it’s the sales team’s job to continue nurturing the lead and determine when they are ready to buy. The different stages are often illustrated as part of the sales funnel. 👇
The prospect starts with awareness, then interest, which is picked up by sales. The next steps are consideration and making a purchase decision.
Every business and sales department uses unique qualification criteria to define SQLs. They get grouped based on factors like their standard sales cycle, the size of the sales team, or the sales reps’ previous experiences. That said, SQLs typically have the following two qualities:
Sales leaders who want to convert leads into customers should focus on finding and qualifying SQLs.
Marketing reps, SDRs, and account managers may work together to qualify SQLs using these methods.
Lead qualification questions help your team learn more about individual prospects.
A few common questions may include the following:
Leads’ answers give important information about their needs and buying stage. Sales reps can use this to qualify leads and show how their product fits their needs.
One of the best sales prospecting tips is to leverage qualification frameworks like PACTT.
The PACTT framework helps sales reps qualify leads by getting the following crucial information about the prospect:
This framework can help sales reps determine if the prospect is a good fit to purchase now or in the future and officially make an SQL.
If you want to qualify more SQLs, you need to make more cold calls. It’s as simple as that. 📞
When you cold call an interested prospect, you not only create a new lead but also qualify them right away with immediate feedback. You can also gauge their interest based on their questions and how responsive they are.
SDRs can use strategic sales best practices to increase SQLS on cold calls, including:
Knowing which buyer personas you’re targeting can help you find SQLs much faster.
Say you sell invoicing software. Instead of trying to sell your software to any business that uses invoices, you focus on mid-size tech businesses with 50-100 seats as your ICP.s. And for this particular ideal customer, the decision-maker is typically the Chief Financial Officer.
Find the ideal buyer persona to know who to search for and target. Once you understand your ICP, you’ll know which questions to ask to qualify sales leads more effectively.
Sales development representatives (SDRs) can use multiple tactics to find SQLs. Targeting high-intent users can attract more leads and move them through your pipeline faster.
Here’s an infographic to summarize what we’re about to run through. 👇
Self-service prospecting tools help SDRs search for leads based on qualities like a prospect’s job title or the company’s industry, size, or annual revenue. They can also help you connect with prospects who align with your ideal customer profile faster.
For example, Kaspr is an all-in-one prospecting tool that helps SDRs find prospect data quickly. Sales reps use platforms like Kaspr to:
It sounds cheesy, but this is how you can work smarter. 🧀
LinkedIn is one of the best platforms for finding SQLs.
You can find leads on LinkedIn using these strategies:
When you discover prospects on LinkedIn, you can use Kaspr’s LinkedIn Chrome Extension to easily access and capture their contact data, including their B2B email address and phone number.
Prospects aren’t always ready to purchase the first time we try to close a deal… but that doesn’t mean they’ll never be ready.
Take a look at your closed-lost list. Look for leads that failed to convert but are a close ICP match. You may find SQLs that could convert on re-engagement.
Here are a few examples of what to look for:
It never hurts to reach out to warm leads again. Follow up with personalized outreach and check in to see where they’re at. The worst they can say is no a second time.
Here is Jack Neicho’s approach to close-lost accounts. As an Account Executive at Salesloft, he likes to use this cadence to re-engage accounts:
Jack explains the full approach in this episode of Teach Me Outbound (TMO); watch it here. 🎬
Value-based selling is the name of the game right now.
It’s a buyer-centric approach that focuses on the prospect’s needs and how you can address them instead of prioritizing the product you want to sell. It focuses on the value your solution can create for customers and how they benefit.
Value-based selling requires personalization and long-term relationships. Sales reps nurture and qualify leads that are a good fit.
They use hyper-personalized outreach and Account-Based Selling (ABS), involve stakeholders, and share relevant content to support the prospect.
Not all leads who book a demo will convert. And while that sometimes happens because the product isn’t a fit for their needs or budget, sometimes it’s just a case of “right place, wrong time.”
Sales reps should follow up with prospects who completed demos but never progressed through the buyer’s journey.
These prospects were interested enough to book a demo So, calling back to address potential concerns, highlight value, and offer a great deal now could be enough to close the sale.
While you shouldn’t expect a 100% close rate, you may find a few great SQLs that need more nurturing.
Driving more traffic to your website can help you find SQLs in a few ways:
For this tactic to be most effective, ensure that sales and marketing are on the same page about which types of customers you most want to attract.
The days of generic sales pitches are over. See a bad example below. 🤦
Relevant outreach is everything to potential buyers. And that means personalized outreach and follow-ups to connect with potential SQLs.
Not only will this improve the customer experience, it also increase conversion rates.
Relevant outreach can include the following:
Marketing-qualified leads (MQLs) are by nature not as far along in the buying process or qualified as SQLs… but leads from marketing can turn into SQLs quickly.
When marketing and sales teams align, marketers work hard to generate leads that align with your target ICPs. SDRs should review MQLs regularly and take action when purchase intent is present.
LinkedIn Sales Navigator is an outstanding prospecting platform. Use advanced search filters for prospects that closely match your target ICP.
SDRs can also use prospecting tools like Kaspr to improve the already impressive value offered by Sales Navigator. Use Kaspr to add prospects and key contact data to your CRM, automate outreach, and update existing contact data.
Signing up for Kaspr is so easy; my colleague Jason explains it all here. 🎬
Marketing-qualified leads (MQLs) are prospects that have interacted with marketing content. This can include content downloads, newsletter subscriptions, or booking a demo.
MQLs are familiar with your brand, product, or service. But they haven’t officially entered the purchasing process yet.
Each company will have its own definition of an MQL. It depends on the lead generation model they use. For example, if you use more traditional lead generation techniques, you’re likely to count content downloads as MQLs.
But if you opt for the more modern demand generation model, you’ll likely use something higher intent like a demo booked to define MQLs. Demand generation arguably produces higher-quality leads. And means sales aren’t spending time on people who will never buy but will always attend your events.
An MQL becomes an SQL further along in the buying cycle. SQLs are actively researching purchasing decisions and have begun working with sales professionals. Only a portion of MQLs become SQLs.
Sales-qualified leads (SQLs) are crucial in your pipeline. But you have to know how to find and qualify them well. It’s all about asking the right questions, handling objections and understanding when the prospect is ready.
Key points to remember: