CRM
April 9, 2025

Lead vs Prospect: A Comparison of the Difference Between Them

Salespeople perform best when there is communication Between Field Reps and the Sales Team. Below are 3 Ways to Improve Communication Between Service and Sales. Salespeople perform best when they can understand customer needs and articulate how their product solves the customer’s problem.

There are often other perspectives from elsewhere in the company which can help to add more detail to the salesperson’s understanding of the customer. If the sales team is communicating effectively with frontline staff, this can have a transformative impact on your bottom line. This post will outline three key benefits of this communication, and then take a look at some real-life success stories.

Let’s start with the overall benefits. Implementing a CRM can facilitate communication channels across the business.

3 Benefits of Improving Communication Between Service and Sales

01
Everyone is upskilled

In most businesses, salespeople are selling a product that someone else has built or delivered. The skills of a salesperson are generally very different from the person who produces the goods or service. For example, in the loft company, the sales team have no technical skills regarding loft extensions.

Giving the sales team these skills helps them understand the business better and in turn improves their sales performance. This works both ways as the team installing lofts can develop their skills of qualifying a lead. If through communication everyone is 10% better at their job this will add incredible value to the company.

02
Everyone has better information

If through communicating more effectively everyone has better information it allows them to complete their job more effectively. In companies where the communication flows between the buyers and the sales staff, the improvement was palpable. The sales team had such rich information with which to sell because they had a deep knowledge of the products. The buyers were able to get a more detailed insight into how their products were performing on the shop floor which helped them build ranges around a more sophisticated customer profile.

03
Morale is improved

When communication between sales teams and frontline staff grows, empathy increases. Sales teams often feel exposed on the front line: getting continual negative responses can be mentally frustrating, so emphasising this to other teams is important. Similarly, if the sales team understand the challenges of other teams it will provide them with empathy. For example, a sales team understanding how hard the development team worked to build out their new feature will help build empathy across the organisation.

Once you have empathy you can develop collaboration. The longer teams work as islands you risk them becoming insular, so work hard to build that empathy and bridges can be built over time. Once you have collaboration and understanding you can build better morale and improve business performance.

These two examples, from my consultancy career, highlight the importance of this:

Case Study

Lofty Ambitions

Company A is a high-end loft installation company in London. They provided bespoke solutions for discerning customers and were suitably expensive. The sales team focussed on building a pipeline of interested customers and then liaising with the technical and surveying team to book appointments for them to complete quotations.

£800 The approximate cost of the quoting process including time and labour.
1 in 14 The company’s close rate from initial meetings.

The quoting process was expensive, which, if you include time and labour was around £800. The company’s close rate from initial meetings was 1 in 14. This was still financially viable but an improvement would save them money, and crucially the quoting team could spend more time on more qualified leads.

Time was spent trying to help the sales team qualify its leads more effectively so that they were working on prospective customers who were more likely to buy. The key to this was twofold:

First, the sales team were given more basic technical knowledge; this allowed them to disqualify customers who had impossible or unrealistic demands. A six-month evening course and some internal seminars gave them enough knowledge to eliminate some more unrealistic tasks.

The second element was getting the sales and quoting teams working together to generate a customer avatar for someone who was most likely to buy.

This was an evolving process and really helped them to focus their energy on people they deemed better leads. Some indicators for someone more likely to buy were:

  1. A strong reason for undertaking the work (bedroom for a new child for example).
  2. Focus on outcome rather than budget (Company A are very high-end so will never be the cheapest).
  3. Coming through a referral.
  4. Being responsive to email.
  5. Having some understanding of the technical requirements of the job.
  6. When asked they produce images of styles they like.

These are a few of the key points: the document stretches to over fifty points and is always being developed to check for any signals which make someone look like a well-qualified buyer.

Case Study

Know Your Style

Company B is a mid/high range store which sells women’s dresses in-store and online. Around 80% of the sales are done in the store because the dresses need to fit perfectly.

80% Of the sales are done in the store.
2–3 Salespeople man the store.

The store is manned by two or three salespeople who are experts at building rapport and making adjustments and fittings so that the customer gets a perfect result. They also upsell accessories that work well with the dresses.

The sales team generally perform well but are highly commissioned so look for ways to increase their sales. We looked at ways they could improve, with more time working with the buyers explored as an option. There is a buying team of three who source all the ranges from sellers all over the world; they give some information to the sales team but actually, a lot of the pieces have interesting backstories and are made in totally unique ways.

A new approach was for the buyers to spend two days per month with the sales team giving them much more in-depth information on the product. Some of the designers and dressmakers also visited to give presentations on their products. This also had the unexpected benefits of giving the buyers more sales context, and it helped them when sourcing the next ranges.

Communication between sales teams and other frontline staff can have huge benefits when staff are given a platform for collaboration and sharing knowledge and ideas.

In the marketing world, the terms “lead” and “prospect” are thrown around quite frequently. Many people tend to use them interchangeably, but the truth is, they are not the same thing.

Understanding the difference between leads vs prospects is your first step towards having a successful business. If you or your staff don’t know the difference between the two, it can greatly hinder your company’s ability to qualify leads, turn them into prospects, and ultimately, sales opportunities.

Don’t worry if you or your team have the habit of using the terms lead and prospect interchangeably. We’re here to set you on the right path so that you can set your team up for success.

So first, let’s take a look at each of these terms and what exactly they mean.

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Best Tools To Manage Each Stage Of The Sales Process:

With so many different tools out there for every stage of your sales process, it can be difficult to know where to start or what to look for. We’ve made it a little bit easier for you by including some of our favorite tools for each stage.

1. For Prospecting: Wingmate

Wingmate offers you simple yet powerful CRM solutions and lead tracking to help you capture the best possible leads for your business. Our lead capture app is a quick and easy mobile tool for your field service staff to capture valuable prospect information that they come across while out in the field.

2. For Nurturing: Hubspot

When it comes to tools to help you nurture your prospects, there are few as innovative and all-encompassing as HubSpot. Their ServiceHub tool allows you to connect with your customers so you can exceed their expectations. Turn prospects into happy customers, and turn happy customers into growth.

3. For Sales Engagement: Pipedrive

With Pipedrive’s suite of CRM tools that allow you to track your sales activities, it’s never been easier to bolster your sales engagement. Schedule your activities in their tool and Pipedrive will monitor your performance and tell you what your next step should be. It’ll coach you on how to reach your targets and drive your sales engagement.

What is a Prospect?

A prospect is a lead that has been qualified. Your marketing team has delved into a lead, learned more about their business and their needs, and has decided that your company’s product or service can help them in some way. “A prospect is essentially a lead that has been qualified and deemed worthy of sales outreach or interaction,” says Weslee Clyde at New Breed.

A prospect does not always come in the form of a qualified lead. If a potential client meets you at a tradeshow and spends time talking to you, learning about your product, and discussing how it can help their business, they can be deemed a prospect. This is because you’ve learned more about them during your conversation than just their contact information.

This is the main difference between a lead vs prospect. They don’t even necessarily have to exhibit interest in your product or service to be considered a prospect. If through some qualification, your marketing or sales team has decided they are worthy of pursuing as a sales opportunity, they are a prospect. Your sales or marketing team can also seek out prospects because they know already, through whatever means, that a specific business or organization fits your ideal buyer persona.

How To Turn Your Leads Into Prospects?

So now you’ve got your leads, but how can you turn them into prospects?

In order to turn a lead into a prospect, you need to qualify them. It’s important to do some outreach to determine whether or not a lead fits your ideal customer profile. There are three best practices to turn your leads into prospects. We’ve outlined them for you below.

1. Qualifying your Leads:

This is the first step to turning a lead into a prospect. In order to qualify a lead, you need to take the information you do know about them, for example, their company name and email address, and do some research. This will allow you to decide whether your company is a good fit for them and vice versa. Google their company, check them out on social media, ask mutual contacts about them. Have they mentioned a specific pain point to someone that your product or service can solve? Is their company even a good fit for your product? These are the questions you need to be asking to determine if your sales or marketing team should take the next step and reach out to them. Once your leads are qualified, you’ll be able to differentiate between which ones are likely to purchase and thus are worth pursuing as prospects, and which ones aren’t.

2. Nurturing your Leads:

Once you’ve qualified a lead, you may find that they’re not at the point of being ready to purchase your product or service. This is why you need to nurture them. Keeping the conversation going is a great way to nurture leads. Send them newsletters or emails that include things like websites or blog posts you feel they may be interested in. Get to know them outside of their business. If a lead or prospect feels heard, understood, and known, they are more likely to buy and remain loyal to your brand. And the more you know about them, the easier you can pick up on pain points without them having to even mention them. A “consistent and well-planned communication strategy,” is key to nurturing your leads, says Justin McGill from LeadFuze.

3. Listen to your Leads’ Problems/Needs:

Active listening is one of the greatest qualities a team member can have. More than ever before, companies are looking for active support from those they do business with. They want to know that they can call you at the drop of a hat for any problems they may have. Communicate that with them, and they will quickly turn into prospects. If you can predict a problem or need before a lead even mentions it, that’s a big check mark in the plus column on your lead’s pro/con list when deciding to do business with you.

4. Build a Relationship with your Leads:

Don’t let your leads feel like just another number on your list. That’s a quick way to get them to go to your competitor. Leads are far more likely to do business with someone who engages with them, knows them, understands their needs, and, above all, is relatable. The more you work on that relationship with a lead, the higher the chance they’ll turn into a prospect and then a paying customer.


Three Types of Leads?

There are three types of leads you must know about to run a successful business: Information Qualified Leads, Marketing Qualified Leads, and Sales Qualified Leads. We took a deep dive into the world of qualified leads in our article entitled Marketing Qualified Leads VS Sales Qualified Leads: The Ultimate Comparison Guide. So if you’re looking for a greater understanding of the different types of qualified leads, we suggest reading that article. But we will also jump quickly into each one here to give you a starting point.

1. Information Qualifyied Leads:

An Information Qualified Lead (IQL) is someone who has given you their information in exchange for some of yours. For example, someone who’s visited your website and signed up for a newsletter, or inputted their contact info in order to download an informational ebook. They are at the beginning of their buying journey. They likely don’t know much about your product or services and are simply checking out the market. IQLs are low priority for a sales follow-up call. They are at the very tip of your sales funnel.

2. Marketing Qualified Leads:

A Marketing Qualified Lead (MQL) is typically a lead that has been generated from some form of marketing effort. Perhaps they clicked on a paid ad to get to your website or read one of your blog posts. As we wrote in the above mentioned article, “A Marketing Qualified Lead is a prospect who shows more potential to become a customer than other leads. They have engaged with your brand or website, submitted contact info, downloaded a free webinar or demo, etc. They are interested in your product or service but have not yet made any concrete moves towards a purchase.” MQLs tend to need some extra nurturing before they can be moved down your sales pipeline to become SQLs, or Sales Qualified Leads.

3. Sales Qualified Leads:

A Sales Qualified Lead (SQL) is a lead that has been funneled through your sales pipeline from IQL to MQL, and from MQL to SQL. They are ready to hear your best sales pitch and are primed for purchase of your product or service. It’s very important that your marketing and sales teams work together to funnel MQLs down the pipeline and convert them into SQLs. If these two teams aren’t working together, it can be detrimental to your business and can result in MQLs being converted before they’re ready, thus making them not want to purchase after all. A Sales Qualified Lead has had the proper amount of nurturing from your marketing team and is just one step away from becoming a paying customer.

Final Thoughts

Now that you’ve read our essential guide to field service management, and have educated yourself and your team on field service management best practices, it’s time to employ a software solution to help your mobile team grow and thrive.

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