The MQL stage marks the handoff point between marketing and sales. Before it, marketing nurtures the contact. After it, sales is expected to review the contact and either accept it as a sales qualified lead or send it back with a reason. HubSpot records the date each contact became an MQL, which is what MQL volume and MQL to SQL conversion reports are built on.
What makes someone an MQL is your decision, not HubSpot’s. Most teams combine fit (the right company size, industry or role) with intent (a demo request, pricing page visits, several content downloads). The rule is usually written into a workflow that sets the lifecycle stage when a lead score crosses a threshold or when a high-intent form is submitted.
MQL counts mislead when the definition is loose. If any ebook download creates an MQL, volume looks healthy while sales ignores most of them, and the conversion rate to SQL drops until nobody trusts the number. The reverse also happens: if the bar is so high that only demo requests qualify, marketing gets no credit for the nurture work that produced them.
Teams that use the stage well write the definition down, agree it with sales, and review it every quarter against what actually converted. They also make sure sales has a clear next step for every MQL, such as an owner assigned by workflow and a lead status of new, so the handoff is visible.