Lead Pipelines
In sales, the process is rarely identical for all buyers. Prospects hit different stages of the buying process at different times, and using a visual-based method can help keep track of where customers are in their journey toward the sale. Often, sales departments maintain lead pipelines, set up in funnel-based systems or horizontal bars, dividing each step in the process.
As leads progress to customers, their journeys commonly take them through the following stages:
- Pull: The prospect discovers the business service or product, and the conversion process begins with their awareness.
- Qualify: The sales rep determines if the prospect has the need, budget, and ability to buy shortly.
- Pitch: The sales rep sends the prospect a quote, laying out what the service provides, the cost, and the length of time.
- Close: The sales rep and customer make all final negotiations, and the prospect signs all required documents. The lead has officially become a customer.