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I've certainly seen both. Most folks seem to just skip intermediate steps, but if you have a strong reporting desire for a lead to hit every stage, that should be relatively easy to build into a campaign for fast-tracking the lead.
In our revenue model, we still have the lead go through the intermediate stages on the way to MQL. However our filters and triggers in our Transitions between revenue stage are such that they will flow from one revenue stage to the other instantaneously. We do this for consistency in the metrics in between revenue stages. In theory, you could do it either way and still have a historical conversion ratio model that will let you predict the number of new inquries that it will take to result in the desired number of wins as long as the bluebirds remain relatively constant. over time.