MQLs, PQLs, SQLs–how does a modern conversion funnel work?
Operators used to think about *the* conversion funnel: you would move from awareness to consideration to conversion.
Then SaaS came around and it was still about that, but also retention and expansion and advocacy. It would be pretty linear, you would move from being Marketing Qualified Lead (MQL) into a Sales Qualified Lead (SQL) into being a customer within the purview of Success as a function.
Pretty straightforward right?
Except now Product Qualified Leads (PQL) are a thing… so, ugh, where do they go in the conversion funnel? Do they come before MQLs? After them? Do they replace MQLs? Are they something that should exist in parallel to them? How does one turn into the other? If you’ve been thinking that it’s all very confusing, you’re not alone.