Prospect

//ˈprɒspɛkt/ (UK), /ˈprɑːspɛkt/ (US)/
Prospect refers to the likelihood of future success, a potential customer, or the act of searching for valuable minerals, depending on context.

Examples

  • She prospected new clients at the industry conference.
  • Without investment, the prospect of recovery seems slim.
  • They prospected for gold in the Yukon during the winter.
  • They prospected for gold in the hills during the 1850s.
  • Early settlers prospected along riverbeds using pans and shovels.

Meanings

Possibility of future success

The chance or likelihood that something positive will happen in the future, especially in relation to business, employment, or growth.
Derived from the Latin verb prospicere, meaning 'to look forward', formed from pro- (forward) and specere (to look). Entered English in the 16th century via French prospect.

Examples

  • The company has strong prospects for expansion in Asia.
  • He is a promising prospect for the marketing manager position.
  • Despite the challenges, the prospected growth next quarter remains positive.
  • They prospected for gold in the hills during the 1850s.
  • Without investment, the prospect of recovery seems slim.

Potential customer or client

A person or organization that is a potential customer or client for a business.
A semantic contraction of 'prospective client' or 'prospective buyer'. The use of 'prospect' in this sense became widespread with the rise of modern sales techniques in the 1920s.

Examples

  • The sales team contacted over 50 prospects this week.
  • This startup is a high-value prospect for our software solution.
  • She prospected new clients at the industry conference.
  • The CRM system helps manage all active prospects.
  • They converted three prospects into paying customers yesterday.

To search for minerals

To explore an area to discover deposits of gold, oil, or other minerals.
Formed by removing the agent suffix -or from 'prospector', which itself comes from the Latin root prospicere. First recorded in American English in the 1850s during the California Gold Rush.

Examples

  • They prospected for gold in the Yukon during the winter.
  • Early settlers prospected along riverbeds using pans and shovels.
  • The team plans to prospect the northern region next spring.
  • He spent years prospecting in remote deserts.
  • Geologists will prospect the area for rare earth metals.
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