If Customer_ID will be a unique field then you can try this...I have put the UNIQUE constraint with Customer_ID field and FK will be created successfully....
create table dbo.conversion(Prospect_ID int,Customer_ID int UNIQUE ,Customer_Name varchar(50),Customer_Products_Services varchar(50),constraint pk1 primary key(Prospect_ID ,Customer_ID ));
create table dbo.Customer_follow_up(Customer_ID int references conversion(Customer_ID),Customer_Name varchar(50),
Customer_Products_Services varchar(50),Feedback nvarchar(1000));
Otherwise the reason mentioned in the Solution 1 will define it in detail..
Thanks