Glossary

Glossary of B2B Sales Terms

Each entry starts with a one-sentence definition, then answers the questions people ask about the term and shows how it compares with working named accounts.

Terms, A to Z

Account penetration

Account penetration is how far you have got inside a named account: how many of the people who matter are engaged, and whether those conversations are moving towards pipeline.

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Account tiering

Account tiering is splitting a target account list into groups, usually three, by how well each company fits and how ready it looks, so the best accounts get the deepest work.

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Account-based marketing

Account-based marketing (ABM) is marketing aimed at a named list of companies chosen in advance, built around the people inside each one, instead of marketing aimed at whoever responds.

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Account-based selling

Account-based selling is a sales method where effort is organised around a short list of named companies, with several people worked inside each one, rather than around individual leads.

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Appointment setting

Appointment setting is the work of contacting potential buyers and booking a first sales call or meeting between them and a salesperson.

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Buying committee

A buying committee is the set of people inside a company who take part in a purchase decision: the one who decides, the one who pays, the evaluators, the users and the functions that can stop it.

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ICP (ideal customer profile)

An ICP (ideal customer profile) is a written description of the companies a business serves best and wins most often: their industry, size, geography and the problem it solves for them.

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Inroad

An inroad is a position inside a target account that survives the loss of any one person: more than one person in conversation, a problem they have named and a next step that adds someone new.

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Lead generation

Lead generation is the work of finding people who might buy from you and capturing their details, so that sales has someone worth contacting.

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Multithreading

Multithreading in sales is building relationships with several people inside the same buying company at the same time, so the deal does not depend on one contact.

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Outbound sales

Outbound sales is selling that the seller starts: you choose who should hear from you and contact them by email, phone and LinkedIn before they have asked.

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Pay per meeting

Pay per meeting is a pricing model where a buyer pays an outside provider a fixed fee for each sales meeting booked, instead of a monthly retainer for the work.

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Pipeline coverage

Pipeline coverage is the value of open sales pipeline divided by the revenue still to be closed in the period, a check on whether enough is in play to reach the target.

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Qualified meeting

A qualified meeting is a booked sales meeting that meets criteria agreed in advance: the right kind of company, a person with a part in the decision and a problem the seller can solve.

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Retainer

A retainer in sales is a fixed monthly fee paid to an outside provider for ongoing sales work such as research, list building, outreach and meeting booking, whatever any single month produces.

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SDR

An SDR (sales development representative) is a salesperson who finds and contacts potential buyers and books qualified first conversations for the people who close deals.

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SDR as a service

SDR as a service is an outsourcing model where a provider supplies trained sales development representatives, with their management, data and tools, to run outbound prospecting for your company for a monthly fee.

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Target account list

A target account list is the agreed, named set of companies a sales team has chosen to pursue, selected against written criteria and sized to the team's capacity.

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Trigger event

A trigger event is a change at a target company, such as a new executive, a new site, a funding round or a new rule, that makes a need for your product more likely or more urgent than it was last month.

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