Saturday, January 08, 2005
Useful Metrics: How Hot is that Lead? (Part I)
I created the Lead Interest Index (LIX) to provide an objective measure of a lead’s priority as well as to gauge the interest level of a lead relative to other leads. If sales rep resources to investigate leads are scarce, it may also serve as a guide for prioritization of lead follow-ups. Because interest level may change over the course of the lead development lifecycle, this metric can be seen as a snapshot of a particular lead on a given date.
Since the Lead Interest Index for a single lead event gauges how “hot” a lead is at that moment, a series of LIX data points over time will give a sense of how the lead is progressing (ie: is it “cooling off”?). It can also provide some predictive intelligence to address fall-off in interest of initially “hot prospects” before the lead is lost to a competitor.
Next: One Way to Calculate the LIX