Prospecting Matrix

The Prospecting Matrix is a 2x2 matrix used to identify and prioritize potential customers. It helps businesses focus their resources on the customers that are most likely to convert.

At a very high level, the Prospecting Matrix is used in the context of business, marketing.

Prospecting Matrix quadrant descriptions, including examples
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What is the Prospecting Matrix?

A visual explanation is shown in the image above. The Prospecting Matrix can be described as a matrix with the following quadrants:

  1. High Potential: Customers with a high probability of converting and a high lifetime value (e.g. a customer who has recently visited your website and added items to their cart)
  2. Low Potential: Customers with a low probability of converting and a low lifetime value (e.g. a customer who has visited your website but never made a purchase)
  3. High Engagement: Customers with a high level of engagement with the business (e.g. a customer who has made multiple purchases in the past)
  4. Low Engagement: Customers with a low level of engagement with the business (e.g. a customer who has made a single purchase in the past)

What is the purpose of the Prospecting Matrix?

The Prospecting Matrix is a 2x2 matrix used to identify and prioritize potential customers. It helps businesses focus their resources on the customers that are most likely to convert. The matrix is divided into four quadrants, each representing a different type of customer.

The top-left quadrant is labeled “High Potential” and contains customers that have a high probability of converting. These customers are likely to be highly engaged and have a high lifetime value. The top-right quadrant is labeled “Low Potential” and contains customers that have a low probability of converting. These customers are likely to be less engaged and have a lower lifetime value.

The bottom-left quadrant is labeled “High Engagement” and contains customers that have a high level of engagement with the business. These customers may not have a high probability of converting, but they are likely to be more loyal and have a higher lifetime value. The bottom-right quadrant is labeled “Low Engagement” and contains customers that have a low level of engagement with the business. These customers may not have a high probability of converting, but they are likely to be less loyal and have a lower lifetime value.

The Prospecting Matrix can be used to identify and prioritize potential customers. By focusing resources on the customers in the “High Potential” and “High Engagement” quadrants, businesses can maximize their chances of converting customers and increasing their lifetime value.


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What templates are related to Prospecting Matrix?

The following templates can also be categorized as business, marketing and are therefore related to Prospecting Matrix: AIDA Marketing Matrix, Affiliate Marketing Matrix, Agile Capability-Value Alignment Matrix, Agile Scaling Matrix, Ansoff Matrix, Asset Allocation Matrix, BCG Matrix, Brand Affinity Matrix. You can browse them using the menu above.

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