Lead scoring

Methodology used by sales and marketing teams to rank prospects based on their perceived value to the organization, using criteria such as demographic information, behavioral data, engagement level, firmographic data, and BANT (Budget, Authority, Need, Timing). This scoring system helps prioritize leads for follow-up by the sales team, ensuring that the most promising prospects receive attention first, thereby increasing the efficiency and effectiveness of sales efforts. Lead scoring is particularly beneficial for sales and marketing professionals aiming to optimize their lead management processes and improve conversion rates.