article thumbnail

What Is Outbound Sales? Strategies and Tips

Salesforce Marketing Cloud

Many sellers follow the B.A.N.T. stands for Budget, Authority, Need, and Timing. A prospect must have the budget for your product, be able to make a purchase decision, have a need for your product, and/or be looking for a solution like yours at the time you approach them.

BANT 52
article thumbnail

The Ultimate Smarketing Glossary: 62 Common Sales Terms Explained for Marketers

Hubspot

A = Authority : Determines whether your prospect has the authority to make a purchasing decision. N = Need : Determines whether there''s a business need for what you''re selling. T = Timeline : Determines the time frame for implementation. The BANT formula was originally developed by IBM several decades ago.

article thumbnail

What Is Lead Qualification and How Does It Work?

Salesforce Marketing Cloud

Two main factors determine whether a lead is qualified: 1) Your product will fulfill their needs, and 2) they can afford it. While similar to B.A.N.T., Lead qualification helps you determine whether a prospective customer is a good fit for your product(s). the C.H.A.M.P.