Allen, TX (PRWEB) March 19, 2013
Lead Liaison, a leader in marketing automation, has released another free lead management tool: the Lead Scoring Model Designer (LSMD). This time their implementation team has created a lead management asset that not only assists executives in building scoring rules for leads in their databases but also provides hypothetical testing capabilities and helps broker alignment between sales and marketing teams.
This lead scoring tool is built within a Microsoft Excel spreadsheet which allows users to adjust data. It is intended to be used by executives from sales and marketing, along with other relevant parties, when they meet to discuss lead management issues.
The Lead Scoring Model Designer employs a system of one to five stars that are used to represent the impact of each scoring parameter on a lead's sales-readiness score. The layout organizes lead scoring parameters into three buckets that characterize demographic, behavioral, and qualification status. The 25 fields of predefined and user-entry parameters are adjustable to meet unique sales and marketing practices.
There are five facets in the Lead Scoring Model Designer that help guide sales and marketing through an alignment process which allows both teams to contribute to a lead scoring model. The first step in the alignment process is to bring both function silos to the table so the LSMD includes a meeting attendance verification mechanism. Attendance can be confirmed and the total meeting participants are calculated within the first section in the tool.
Following attendance verification, users then determine a star rating that reflects the importance of each scoring parameter. After each parameter is assigned one to five stars, users define thresholds that represent significant values for moving leads from one classification (for instance, warm lead) to another through the marketing pipeline and, eventually, into a customer relationship management (CRM) application such as the Salesforce.com Sales Cloud.
Once threshold values have been determined, users assign weights to each bucket included in the scoring matrix. Weighting from 0% to 100% can be applied to indicate the impact of each bucket towards an overall lead score. Next a point value for each star is assigned. For example, a parameter that is assigned four stars with point values of 10 contributes 40 points towards the overall lead score.
Finally, users can test the validity of the scoring model by determining if each parameter appropriately represents its contribution to the overall score. Sales and marketing executives can see the total lead score then apply the total score to each threshold in the marketing pipeline in order to evaluate if each parameter is defined accurately.
The Lead Scoring Model Designer can be used to design models for specific marketing campaigns or as a comprehensive model for lead management practices.
Download the Lead Scoring Model Designer here. It is available at no charge for existing customers and other interested parties. For more information contact Lead Liaison at 888 895 3237.
Lead Liaison is an application development company that designs, develops, and sells cloud-based marketing and sales automation software. The company markets to small and medium-sized businesses worldwide, and focuses on creating the broadest and most user-friendly revenue generation software platform. Applications cover all phases of lead management automation including sales prospecting, lead generation, and marketing automation functions that directly influence revenue generation. It’s innovative and robust lead management platform combines unparalleled sales prospecting, lead capture, real-time lead tracking, lead qualification, lead distribution, database segmentation, lead nurturing and ROI reporting. The Software as a Service (SaaS) model delivers an effective user experience and integrated cloud computing capabilities.
VP Corporate Communications