What "€ per meeting" actually includes
Ask three DACH appointment-setting vendors for a €/meeting quote and you'll get three different definitions of meeting. Some count anything that hits the calendar. Some count "held" meetings only. A few — and this is the one you want — count only those that pass the qualification checklist the buyer defined.
When we normalize across our portfolio, the band on a cleanly-defined qualified meeting is €170–€420. Outside that band, either the quality is missing or the pricing is hiding something.
Cost per qualified meeting by industry
DACH median vs top-decile partners
Source: Teleroids 2024 portfolio aggregates, n=312 campaigns across DE/AT/CH.
Cyber and Financial Services sit at the top — higher title seniority, longer screening, more compliance overhead. SaaS and scaleups sit lower because the ICP is more permissive and the personas are easier to reach.
The cheapest meeting is almost always the worst deal
Here's where the math gets interesting. If you optimize purely on €/meeting, you incentivize your vendor to book meetings that don't advance. We've seen this play out repeatedly:
Meeting-to-opportunity rate by €/meeting bucket
Cheaper meetings rarely advance the pipeline. Mid-range wins on unit economics.
Source: Teleroids portfolio, n=2,400+ campaigns, 2022–2024.
At the €80-per-meeting tier, meeting-to-opp rates collapse to single digits. Those meetings happen, they count, and they're worthless. The reps who book cheap meetings do it by loosening the qualification bar — "I'll send them over if they'll take a 15-minute call" — and your AEs burn time on unqualified demos.
At the €250–€400 tier, the qualification friction goes up, the volume goes down, and the reps become more careful about who they send. Meeting-to-opp triples or quadruples.
The quality multiplier
The number that actually matters isn't €/meeting. It's € of weighted pipeline per € spent.
Pipeline multiplier
Pipeline per € spent
Top-decile vendors vs. cheapest-quartile vendors, weighted by stage-probability closed pipeline.
Across our 2024 data, top-decile vendors return 3.7× the weighted pipeline per € spent versus cheapest-quartile vendors. That multiplier is structural, not occasional. It's where the real decision lives.
What to demand from your appointment-setting partner
Five contract clauses that shift the incentives to quality:
- Define "qualified" in writing, with a five-field checklist. Role, timing, budget indicator, pain reference, explicit next-step. Missing any = not counted.
- Pay for held meetings, not booked. No-shows are on the vendor, not you.
- Right to reject within 72 hours. If the AE disqualifies, the meeting is refunded.
- Monthly cohort review with AE feedback. Which meetings advanced? Which didn't? Feed it back.
- Rep tenure floor. At least six months in the category before they touch your account. Newer reps don't qualify well yet.
What the right number looks like
For a DACH B2B mid-market campaign, the honest number is €220–€320 per qualified meeting for SaaS, €280–€400 for Cyber and FinServ. You'll see lower quotes. They won't work out — not in the short term on show rate, and not in the long term on pipeline quality.
The number that matters is not what's on the invoice. It's the ratio of weighted pipeline to spend, twelve weeks in. Anchor the contract there and the rest lines up.




