« Which Business Network is Really an "Extended Salesforce"? | Main | How to sell when you're not feeling well »

February 05, 2008

What are your Numbers?

Numbers_4 Sales, ultimately, is about the numbers, isn't it?  The job of selling or profit making can always be simply expressed in conversion ratios, and it should.  Always.  These are known as KPIs or Key Performance Indicators to make up the Sales Funnel.

So, do you know your numbers?

What numbers, you ask?  Well, OK, let's take a look.

Diagramsales_funnel_2 What activities lead up to a sale?  Let's take it from the bottom.  With the end in mind, we end with the number of (d) sales.  Preceded by the sale is a (c) presentation, proposal or quote to facilitate the decision to buy.  Preceding this is the (b) appointment to determine and analyze needs.  All this begins with the (a) initial contact to generate a lead.

Now, can you track other activities?  Sure, but keep in mind, KISS.

And why is knowing your numbers important?  Well, it's not that important unless you track it.  Why track it?  The only reason to track it is so that you can improve it.

And if you improve the quantities or conversion ratios, that means more profits and more money and that's important to somebody, isn't it? 

The question is, what's important about more money to you?

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/1102831/25610124

Listed below are links to weblogs that reference What are your Numbers?:

Gateway to an Unbelievable Breakthrough

Your email address:


Powered by FeedBlitz

Bookmark and Share

BlogAlliances