Meet with Confidence

Creating a Service Level Agreement between Marketing Sales

Posted by Mike McKinnon on
Share this Post:

Does your marketing department have a service-level agreement (SLA) with the sales department? Does marketing know the type of leads the sales team wants delivered?

We are currently revamping our lead hand-off process and nurture programs. As part of the process, I am having the sales team re-define what a qualified lead looks and feels like.

First, I made a distinction between a Sales Qualified Lead (SQL) and a Marketing Qualified Lead (MQL). I believe this is important because marketing very rarely has a live conversation with a prospect. Rather, we collect information through forms, registration pages and other avenues. As a result, it is hard for us to collect Budget, Authority to buy, Need, Timeline for purchase (BANT), and related information on a form. Things like BANT are much better left to a phone discovery call. We may be able to collect one of those but the accuracy will be low.

For our purposes, we have defined a MQL as a lead that is ready for sales to call upon. We broke MQLs up into two different categories. The first category we loosely call “trigger events.” These are events and actions that a prospect could take that would immediately qualify them; a great deal of these trigger events revolve around BANT criteria. For example, if a prospect indicates they are ready to buy in the next one to six months, the sales team wants to engage the prospect with a phone call (we do some more sorting based upon number of employees as well on the back-end). Another example of a trigger event is if a prospect indicates they recently experienced pain with their current provider (conference failed, bad service, poor quality, lack of support).

The second category is a catchall for prospects that failed to meet a trigger event but based upon their profile and behavior warrant a call from a sales person. This is where the real conversations happen. What is the demographic profile of an MQL? What are their behavior patterns?

Our sales team is 15 people so we chose a subset of the 15 to participate in the MQL discussion to define this catchall category. After defining the MQL, the next step was to get affirmation from the entire sales team. Once completed, we need to define the level of effort that the sales team will put towards an MQL. I will discuss this in my next blog post. I would love to hear how you have defined qualified leads for your sales team and what your SLA process has been like. What roadblocks should I expect?

Name: ReadyTalk Blog » Blog Archive » Mappin
Time: Thursday, November 11, 2010

[...] This post is the second in a three part series on Creating a Service Level Agreement between Marketing and Sales. [...]

Name: ReadyTalk Blog » Blog Archive » Measur
Time: Friday, December 3, 2010

[...] This post is the third and final post in a series on Creating a Service Level Agreement between Marketing and Sales. [...]

Comments for Creating a Service Level Agreement between Marketing Sales

blog comments powered by Disqus

Recent Posts

New from ReadyTalk - Quick Share My Desktop

New from ReadyTalk - Quick Share My Desktop Hot off the press - we've just released an enhancement to our Quick Launcher product (available on Windows today and Mac next week). The...

Internet-wide Security Risk: How ReadyTalk is Addressing “Heartbleed”

It’s been all over the news: a major vulnerability in the encryption technology used across much of the Internet was recently discovered. The vulnerability causing these issues is...

Webinars: The Gateway Drug to a Video Marketing Strategy - Q&A Session Review

We recently hosted a webinar with the video marketing gurus over at Vidyard to dive into the idea of launching a video marketing strategy with the materials most of us already have...

Nobody is Watching Your Webinar and How to Fix It

Content is everywhere and in every form – videos, tweets, blogs, forums, whitepapers. I recently read an article that said by 2020 the amount of information on the Web is expected...

New from ReadyTalk - Modern meeting controls and VoIP enhancements

You may have noticed more frequent changes from ReadyTalk lately. In an effort to keep our controls fresh and functional for all of our different users we are continuously...

Comparing the Value of Webinar Leads vs. Email List Leads

Over time, marketers have innovated and refined many online avenues for lead generation, but the legacy email list continues to remain a top favorite. Viable alternatives, such as...

Feature Friday: How to Upload Your Video Clip

  Why Use this feature? I think it is safe to say that everyone hates when they see the word “download”. And the last thing someone wants when hosting a web conference is to lose...

The 8 Most Common Audio Conferencing Issues

Audio conferencing affects every area of business. From customer service to investor relations, poor audio quality is associated with a lack of professional competence. In order to...

Feature Friday: Promoting to Co-Presenter vs. Granting Control...What's the Difference?

Visit the ReadyTalk blog every Friday to learn more about a ReadyTalk feature.   We get a lot of questions on the difference between granting control and promoting someone...