Recently, I received a note on LinkedIn asking me to explain the difference between a lead and a prospect. I answered with my version of the difference and added "opportunity" to round out the definition.

What is a lead? A lead is the name of a company or a person. They might be on a list your company has purchased. Perhaps they're on a list of people who attended your webinar or downloaded your white paper. They haven't yet risen to the level of being a prospect, because you can't tell from their activity whether they qualify. To find that out, you have to pick up the phone and call them.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.