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(1). To bring a proposal to the boss for approval.
“I’m not sure we have the budget to add another CRM enhancement to our Outlook servers. We’re going to have to high-level this one to make sure it’s okay with the powers that be.”
(1). To only execute a portion of an investment plan, just in case your recommendations end up sucking.
“Given the markets lately, I’d like to keep some powder dry in case we see a tactical move we’d like to make down the road. That’s okay, I’m not really sure I understand what I just said either…”
(1). n. A potential client which is currently being courted by a salesperson. Prospects are generally treated as the most important person in the world during the marketing phase of the relationship. However, once the prospect becomes an actual client, they will receive the same half-interested, annual-meetings-level of service as any of the salesperson’s other clients.
“I’ve got this huge prospect I’m working on right now, Jeff. I don’t want to count chickens, but I’m feeling Bentley right now!”
(2). v. A gold-mining inspired term meaning to seek out new clients, either through direct marketing (i.e. cold calling) or networking (i.e. volunteering for a charity in hopes of meeting new clients). As with gold mining, prospecting often leads to several dead ends, fool’s gold deposits (i.e. clients who lie about their net worth) and occasionally, a gem.
“Sup, Lo-Dawg. I’m gonna need a couple hits for tonight. Going out prospecting at the clubs, yo!”
